News Centre

Hong Kong's Securities And Futures Commission Commences Disciplinary Proceedings Against Chow Yei Ching And Others For Alleged Breach Of Takeovers Code

Date 20/11/2013

The Securities and Futures Commission’s (SFC) Takeover Executive has today commenced disciplinary proceedings before the Takeovers and Mergers Panel (Takeovers Panel) against the chairman of Chevalier Group, Mr Chow Yei Ching (Chow); his son, Mr Oscar Chow Vee Tsung, and Mr Joseph Leung Wing Kong over a serious breach of the Code on Takeovers and Mergers and Share Repurchases (Takeovers Code).

Algomi Hires Stefano Vaccino To Join Expanding European Sales Team - Former Goldman Sachs Senior Credit Salesperson Joins Rapidly Growing Firm To Bolster European Sales Efforts

Date 20/11/2013

Algomi, the provider of information-matching solutions to optimise fixed income liquidity, has appointed Stefano Vaccino as Sales Manager to join the expanding European Sales team.

SWIFT Index Anticipates A Strong Start To 2014 For The UK And US Economies - SWIFT Index Foresees A 2.6% And 2.2% Year-On-Year GDP Growth Rate For The UK And US Respectively

Date 20/11/2013

SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, today forecasts continued momentum in the growth of the UK and US economies.

The Saudi Stock Exchange (Tadawul) And The Abu Dhabi Securities Exchange (ADX) Sign Cooperation Agreement

Date 20/11/2013

The Saudi Stock Exchange (Tadawul) and the Abu Dhabi Securities Exchange (ADX) have today entered into a Memorandum of Understanding (MoU), which will serve to augment the already robust bilateral relationship between the two exchanges.

Agreement Between Council Of The European Union And The European Parliament On EU Emissions Trading System - Right Signal To Fix Carbon Market

Date 20/11/2013

Today the Committee of Permanent Representatives (COREPER I) gave its consent to the agreement between the Lithuanian Council Presidency, the European Parliament and the Commission on Proposal for a Decision amending Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances.

Amid Strong Indications Of A New Era For The Sector: DFM and NASDAQ Dubai IPO Forum Discusses The Role Of IPOs In Diversifying Investment Opportunities And Achieving Sustainable Growth

Date 20/11/2013

• DFM online survey: 76% of investors are ready to participate in IPOs within the next 12 months with main focus on Government companies, private and family businesses
• Essa Kazim: The favorable market environment  is likely to see IPO backlog of  recent  years flooding on to the market    

Companies On Thai Alternative Bourse Post Growing Sales In July-Sept

Date 20/11/2013

• Sales up 7.29 pct in Q3 from a year earlier, but net profits down on rising costs
• Gross profit margins drop slightly, weighed by business expansion and new investment 
• Nine-month sales up 6.89 pct year-on-year

Moscow Exchange: Trades In Rostelecom Shares Now Require Partial Collateral

Date 20/11/2013

The National Clearing Center has said that trading Rostelecom ords (RTKM) will require partial collateral starting from 20 November.

MNI China Business Indicator Falls To 53.3 In November From 55.3 In October - New Orders Remain Firm

Date 20/11/2013

The MNI China Business Indicator eased to 53.3 in November from 55.3 in October,causing the three month trend to fall to the lowest for 12 months.

Securities Commission Malaysia, Bank Negara Malaysia And Perbadanan Insurans Deposit Malaysia Issue Joint Public Consultation Paper On OTC Derivatives Reporting Requirements

Date 20/11/2013

Securities Commission Malaysia (SC), Bank Negara Malaysia (BNM) and Perbadanan Insurans Deposit Malaysia (PIDM) issued a joint consultation paper today on requirements for the reporting of trading activity in over-the-counter (OTC) derivatives markets to a trade repository.