News Centre

NZX Grain Exchange Retains Carrying Value After Review

Date 17/07/2011

Please see attached announcement from NZX.

Statement From U.S. Department Of The Treasury Secretary Geithner On The Leadership Of The Consumer Financial Protection Bureau

Date 17/07/2011

Today, the U.S. Department of the Treasury issued the following statement from Secretary Tim Geithner in response to the announcement by the White House that President Obama will announce tomorrow his intent to nominate Richard Cordray as the Director of the Consumer Financial Protection Bureau (CFPB). 

Dubai Gold & Commodities Exchange Weekly Market Commentary - July 17, 2011

Date 17/07/2011

Welcome to the Weekly Market Commentary from DGCX, providing you with a snapshot of what’s happening in the energy, precious metal and currency futures markets.

CFTC Charges Jeffery A. Lowrance And His Company, First Capital Savings And Loan, With Operating A Million Dollar Foreign Currency Ponzi Scheme - Lowrance Extradited From Peru And Currently Detained By Federal Authorities In Chicago.

Date 16/07/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it chargedJeffery Alan Lowrance formerly of Houston, Texas, and his New Zealand-registered company, First Capital Savings and Loan (FCSL), with operating a Ponzi scheme that fraudulently solicited at least $1 million from approximately 36 members of the general public to trade off-exchange foreign currency (forex) contracts. Defendants allegedly have misappropriated most of these funds.

SEC: Risk Taking -- Banks & Markets By Ethiopis Tafara, Director, Office Of International Affairs - G20 New Financial Landscape Workshop - Measures To Promote Competition, Efficiency And Innovation

Date 15/07/2011

Thank you, Malcolm (Edey) for that kind introduction.

First, permit me to give the SEC's standard disclaimer- what I say represents my own views and not necessarily the views of the Commission or other members of the Commission staff.

Statement By The IMF On The European Banks Stress Test

Date 15/07/2011

Mr. José Viñals, financial counselor and director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF), issued the following statement today:

“The Fund welcomes the EU-wide stress test exercise carried out under the auspices of the European Bank Authority (EBA) and the strengthened methodology and assumptions that have been applied across the banks in the exercise.

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 15/07/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, July 15, 2011:

• Wildcat Silver Corporation (TSXVN:WS) will be removed from the index. The company will graduate to trade on TSX under the same ticker symbol.

SEC Announces July 29 Field Hearing On The State Of The Municipal Securities Market

Date 15/07/2011

The Securities and Exchange Commission today announced that it will hold a municipal securities market field hearing in Jefferson County, Ala., on July 29. Topics will include distressed communities, small issuers, disclosure, derivatives and pre-trade price transparency.

Deutsche Boerse Shares Replaced By Deutsche Boerse Tendered Shares In STOXX Indices

Date 15/07/2011

STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced adjustments in several STOXX indices. As a result of the expected merger with NYSE Euronext, the Deutsche Boerse shares (DE0005810055, Financial Services, Germany) in the EURO STOXX 50, STOXX Europe 600, STOXX Global Total Market and sub-indices will be replaced with the Deutsche Boerse tendered shares (DE000A1KRND6, Financial Services, Germany). This change will be effective July 20, 2011.

SEC Charges Forex Ponzi Operator Who Fled After Scheme Unraveled

Date 15/07/2011

The Securities and Exchange Commission filed fraud charges Thursday against the CEO of a purported foreign currency trading firm, alleging he scammed hundreds of investors with false promises of high, fixed-rate returns while secretly using their money to fund his start-up alternative newspaper.