News Centre

Borsa Istanbul: BIST Stock Index Values Will Be Divided By 100

Date 19/02/2020

Considering the current levels of BIST Stock Indices, especially BIST 30 and BIST 100, Borsa Istanbul has decided to divide TL based Price and Return stock indices by 100. Planned go live date is April 27, 2020 and the index values will continue to be shown in two decimal places.

IHS Markit February World Economic Forecast Flash: The Coronavirus Will Dent Growth

Date 19/02/2020

The coronavirus (COVID-19) epidemic could be more damaging to the global economy than the SARS outbreak in 2003. At the time of SARS, China was the sixth-largest economy, accounting for only 4.3% of world GDP. Mainland China is now the world’s second-largest economy, accounting for 16.5% of world GDP in 2019. If the unprecedented confinement measures in China stay in place until the end of February, the resulting economic impact will be concentrated in the first half of 2020, with a reduction in global real GDP of 0.8% in the first quarter and 0.5% in the second quarter. In this scenario, the coronavirus and resulting measures will reduce global real GDP growth by 0.4 percentage point in 2020. Conversely, the lifting of the confinement measures would add 0.4 percentage point to global real GDP in 2021. If confinement measures are quickly lifted, as in our current base case, the impact on global GDP will be more limited, resulting in a 0.1-percentage-point reduction in global GDP growth in 2020, with a correspondingly smaller rebound.

Oslo Børs: 2000 Billion Loan Milestone Passed

Date 19/02/2020

Nigerian Stock Exchange Launches Comic Book To Boost Financial Literacy

Date 19/02/2020

The Nigerian Stock Exchange (NSE) is pleased to announce that it has published the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria. Available in both print and digital formats, readers can download the book via http://www.nse-stocktown.com.

FSB Chair Sets Out Focus For Saudi Arabian G20 Presidency

Date 19/02/2020

The Financial Stability Board (FSB) today published a letter from its Chair Randal K. Quarles to G20 Finance Ministers and Central Bank Governors ahead of their meetings in Riyadh later this week.

Statement On Continued Dialogue With Audit Firm Representatives On Audit Quality In China And Other Emerging Markets; Coronavirus — Reporting Considerations And Potential Relief: SEC Chairman Jay Clayton, SEC Division Of Corporation Finance Director Bill Hinman, SEC Chief Accountant Sagar Teotia, PCAOB Chairman William D. Duhnke III

Date 19/02/2020

In November 2019, we met with senior representatives of the four largest U.S. audit firms, including certain of their network representatives, to discuss audit quality across their global networks and certain of the challenges faced in auditing public companies with operations in emerging markets, including China.  Those November 2019 meetings, which were discussed in a contemporaneous joint press release,[1] were part of our ongoing efforts to address the issues highlighted in our December 2018 Statement on the vital role of audit quality and regulatory access to audit and other information internationally.[2]  Significantly, among those issues is that the Public Company Accounting Oversight Board (PCAOB) continues to be prevented from inspecting the audit work and practices of PCAOB-registered audit firms in China on a comparable basis to other non-U.S. jurisdictions.[3]  PCAOB inspections are a key component of our regulatory efforts to enhance the quality of financial reporting and ensure audit quality.   

Expansion Of Deforestation Free Funds Enables Investors To See Rainforest Destruction Hidden In Mutual Funds - Friends Of The Earth And As You Sow Expand Financial Transparency Tool To Include Amazon Deforestation As Well As Indonesian Palm Oil

Date 19/02/2020

As wildfires continue to threaten forests from Australia to the Amazon, environmental advocacy groups Friends of the Earth and As You Sow have expanded the Deforestation Free Funds tool to help investors avoid owning companies actively destroying global rainforests.

Cloud9 Appoints Jim Miller As Chief Operating Officer

Date 19/02/2020

Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has appointed Jim Miller as Chief Operating Officer (COO). In this role, Jim will guide product realization and rollout, as well as assist in defining business and market strategies across the organization, including the Company’s efforts to facilitate the integration of voice data and activity into the trader workflow.

Tehran Stock Exchange: Investors Record Highest Participation In IPO

Date 19/02/2020

100 million equity shares of Padideh Shimi Gharn Co. were floated on Tehran Stock Exchange.

London Derivatives Exchange Group (LDX) – Announcement Of New Chief Operating Officer

Date 19/02/2020

LDX today announced that Kiri Self is joining the group as Chief Operating Officer.