News Centre

Statement On Financial Disclosures About Acquired And Disposed Businesses, SEC Commissioner Allison Herren Lee, May 21, 2020

Date 21/05/2020

Today the Commission amends its rules governing disclosures public companies must provide when they buy and sell businesses. Unfortunately, today’s rulemaking does not adequately address the risks of reduced transparency for investors with respect to this activity, nor does it properly examine the potential effects on competition, particularly in the present economic climate where the risks that arise from overly concentrated markets are heightened.

IMF Executive Board Approves US$ 396 Million In Emergency Assistance To Jordan To Address The COVID-19 Pandemic

Date 21/05/2020

• The IMF approved Jordan’s request for emergency financial assistance under the Rapid Financing Instrument (RFI) of about US$396 million.
• This emergency financial assistance will help address the country’s balance of payment needs and allow for higher spending on healthcare, containment, and assistance to households and companies most affected by COVID-19 crisis.
• The Jordanian authorities are committed to transparency and accountability for all emergency spending.

SEC Adopts Amendments To Improve Financial Disclosures About Acquisitions And Dispositions Of Businesses

Date 21/05/2020

The Securities and Exchange Commission today announced that it has voted to adopt amendments to its rules and forms to improve for investors the financial information about acquired or disposed businesses, facilitate more timely access to capital, and reduce the complexity and costs to prepare the disclosure. The amendments will update our rules which have not been comprehensively addressed since their adoption, some over 30 years ago.

Comment From Anthony Ginsberg, Creator Of The HAN-GINS Cloud Technology ETF And The HAN-GINS Innovative Technologies ETF: Tesla And The Rise Of The Cloud

Date 21/05/2020

Tesla’s three most recent profitable quarters means it is now on the verge of qualifying for the S&P 500 index.  Its share price jumped above $800 this week (from a March low around $400) and it has a market value of $150bn – almost 3 times the combined value of two famous US automakers, Ford and General Motors. 
 
J

New CISI Deal With Tanzania Institute Of Bankers To Enhance Global Professional Standards

Date 21/05/2020

The Chartered Institute for Securities & Investment (CISI) and the Tanzania Institute of Bankers (TIOB) have signed an MoU with the aim of advancing professional standards in the Tanzanian banking sector.

DriveWealth Brings U.S. Stock Investing Capability To India-Based AI Wealth Management Firm - INDmoney Integrates DriveWealth's Technology Into SuperMoneyApp

Date 21/05/2020

DriveWealth, LLC<https://drivewealth.com/>, a U.S. based leader in global digital trading technology, announced today that the firm has partnered with INDmoney, an artificial intelligence (AI) and machine-learning based wealth management platform in India, to bring U.S. stock investing technology and capability to INDmoney clients.

Hong Kong Securities And Futures Commission Seeks Court Order To Wind Up Combest Holdings Limited

Date 21/05/2020

The Securities and Futures Commission (SFC) has presented a petition to the Court of First Instance to wind up Combest Holdings Limited (Combest) and to disqualify the company's executive directors, Mr Liu Tin Lap and Mr Lee Man To, and a suspected shadow director, Mr Ng Kwok Fai under the Securities and Future Ordinance to protect the interest of Combest's shareholders, creditors and the investing public.

Amman Stock Exchange Working Hours

Date 21/05/2020

The Amman Stock Exchange (ASE) will return to business as normal, starting on Tuesday morning, 26 May 2020 from 8:00 am till 4:00 pm. Taking into consideration that the allowed daily increase and decrease limits for trading securities and block trades will remain at 2.5% of the reference price.

EGX Eid El Fitr Al Mubarak Holiday

Date 21/05/2020

EGX decided that Eid El Fitr holiday will start from Sunday 24th of May 2020 till Thursday 28th of May 2020. Trading will be resumed effective Sunday 31st of May 2020.

Moscow Exchange: List Of Shares Which Will Be Admitted To After-Hours Trading Starting 22d Of June 2020

Date 21/05/2020

On 22d of June 2020 the following shares will be admitted to after-hours trading within the 1st stage of the project: