News Centre

SGX Reports 3Q FY2019 Net Profit Of S$100 Million

Date 25/04/2019

3Q FY2019 Financial Summary

• Revenue: S$229 million, up 3% from a year earlier
• Operating profit: S$118 million, comparable
• Net profit: S$100 million, comparable
• Earnings per share: 9.3 cents, comparable
• Interim dividend per share: 7.5 cents, up by 2.5 cents

All figures are for the year except for figures in brackets, which are for the year earlier, unless otherwise stated. Some figures may be subject to rounding.

Alpima Hires New Sales Heavyweight

Date 25/04/2019

Alpima, the specialist front-office platform for institutional and professional investors, announces the appointment of Matt Johnson as Managing Director of Sales, reporting to IIan Heiman.

Monetary Authority Of Singapore: Update To E-Payments User Protection Guidelines

Date 25/04/2019

The Monetary Authority of Singapore (MAS) has updated the E-Payments User Protection Guidelines (“Guidelines”) to clarify that the Guidelines do not override customers’ instructions to their financial institutions on transaction notification thresholds for e-payments.

Thales Enables The Future Of Digital Payment Innovations With Next-Generation Payment Hardware Security Module - payShield 10K Simplifies Compliance, Improves Operational Efficiency And Offers Stronger Tamper Protection

Date 25/04/2019

Thales, a leader in critical information systems, cybersecurity and data protection, announces the availability of a next-generation payment hardware security module (HSM), payShield 10K, enabling customers to adopt new innovative digital payment technologies easily and securely. The new payment HSM secures digital payments at lower processing costs by using a fraction of the energy. It also streamlines operations and supports the latest standards for real-time payments, open banking and secure remote commerce.

New Analysis Shows Shell And Eni Used Nigeria’s Share Of Oil To Fund Alleged Billion Dollar Bribery Scheme

Date 25/04/2019

New analysis (here and here) has found that oil giants Shell and Eni’s controversial deal for a Nigerian oil licence included unprecedented terms which funded an alleged bribery scheme.  The terms replicated military-rule era “Sole Risk” contracts, and boosted Shell and Eni’s internal valuations of the oil deal enough to justify the companies paying $1.1bn upfront.

Polymetal Starts Trading On AIX – Demand From Local And Regional Investors Higher Than Expected

Date 25/04/2019

The Astana International Exchange (AIX) is pleased to announce that demand in the ordinary shares of Polymetal International PLC (Polymetal) exceeded the expectations, with 1.69 million shares with the value 17.19 million US dollars being placed with investors. As a result, the total traded value on the Astana International Exchange for April 24 was $17.31 million.

BME Posts €31.6 Million Net Profit In The First Quarter

Date 25/04/2019

• The result is 16.5% lower than in the same period the previous year
• Revenue for the first quarter reached €71.5 million, down 9.3% on the year
• Operating costs increased 0.6% in the first quarter but were 6.5% lower than in the preceding one
• The ratio of the revenue not linked to trading volume stands at 124% at the end of March

Tokyo Commodity Exchange’s Application For Regulatory Approval For New Electricity Futures Market Notified In Official Gazette Today

Date 25/04/2019

The Tokyo Commodity Exchange announced today the publication of its application for the trial listing of electricity futures in the official gazette. The application was originally submitted on March 27th to the Ministry of Economy, Trade and Industry and the Ministry of Agriculture, Forestry and Fisheries.

China-Japan Capital Markets Forum Held In Shanghai

Date 25/04/2019

The China-Japan Capital Markets Forum, co-organized by the Shanghai Stock Exchange (SSE), the Shenzhen Stock Exchange (SZSE), the Securities Association of China (SAC), the Asset Management Association of China (AMAC), Japan Exchange Group, Inc. (JPX), the Japan Securities Dealers Association (JSDA) and the Investment Trusts Association, Japan (JITA), is held in Shanghai on April 22, 2019. Yi Huiman, Chairman of the China Securities Regulatory Commission (CSRC), opened the Forum with a live speech via video link. Toshihide Endo, Commissioner of the Financial Services Agency (Japan), Fang Xinghai, Vice Chairman of the CSRC, Wu Qing, Vice Mayor of Shanghai, Mitsuhiro Hasegawa, Chairman of the Securities and Exchange Surveillance Commission (SESC), Huang Hongyuan, Chairman of the SSE, and Akira Kiyota, Group CEO of JPX attended the forum and delivered speeches.

Wells Fargo & Bank Of America Meetings: Disclosing Median Gender Pay Gap Receives Increased Support From Shareholders - 1 In 4 Wells Fargo And Bank Of America Shareholders Want Big Banks To Disclose Company Wide Figures On Median Pay Gap Between Women And Men, And Minorities

Date 25/04/2019

Wells Fargo and Bank of America tried, unsuccessfully, to appeal to the U.S. Securities and Exchange Commission to exclude the “median pay gap” proxy resolution from going to a vote of shareholders. But the effort failed. Representatives of wealth-manager Arjuna Capital presented their resolution this morning at Bank of America’s annual meeting in Charlotte, and yesterday at Wells Fargo’s annual meeting in Dallas.  The resolutions call on investors to vote in favor of the bank producing a detailed report disclosing the “median” or company-wide pay gap that exists between women and men across race and ethnicity. 26 percent of Bank of America and 23 percent of Wells Fargo shareholders agreed and voted “yes” on ballot items #5 and #6, respectively, up from 15% in 2017 when pay equity was first put on the ballot of the firms.