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National Bank of Fujairah, Bank of Sharjah buck Abu Dhabi market downtrend
December 27, 2011--The ADX General Index dipped 0.04% to 2,351.48 points.
Aldar Properties dived 2.41% to Dhs0.81, while Sorouh Real Estate plummeted 1.27% to Dhs0.77. National Bank of Fujairah soared 10%. Bank of Sharjah added 3.80%. Some 45.2m stocks were traded, valued at Dhs61.2m.
Source: AME Info
Brazil economy overtakes Britain - study
December 27, 2011--Brazil has overtaken Britain as the world's sixth largest economy, a London-based research group said on Monday.
In its latest World Economic League Table, the Centre for Economics and Business Research (CEBR) said Asian countries were moving up while European countries were slipping down.
read more
Source: FIN24
State Street files with the SEC-SPDR S&P MILA 40 ETF
December 27, 2011--State Street has filed a post-effective amendment, registration statement with the SEC for the SPDR S&P MILA 40 ETF.
view filing
Source: SEC.gov
State Street files with the SEC
December 27, 2011--State Street has filed a post-effective amendment, registration statement with the SEC for the SPDR Barclays Capital Short Term High Yield Bond ETF.
view filing
Source: SEC.gov
Treasury Releases Semi-Annual Report to Congress on International Economic and Exchange Rate Policies
December 27, 2011--The U.S. Department of the Treasury today released the Semi-Annual Report to Congress on International Economic and Exchange Rate Policies that is required under Sections 3004 and 3005 of the Omnibus Trade and Competitiveness Act of 1988. The Report covers international economic and foreign exchange developments in the first half of 2011. Where pertinent and available, data and developments through mid-December 2011 are included.
The Report highlights the need for greater exchange rate flexibility, most notably by China, but also in other major economies. Based on the ongoing appreciation of the RMB against the dollar since June 2010, the decline in China's current account surplus, and China's official commitments at the G-20, APEC, and the U.S.-China Strategic and Economic Dialogue (S&ED) that it will move more rapidly toward exchange rate flexibility, Treasury has concluded that the standards identified in Section 3004 of the Act during the period covered in this Report have not been met with respect to China. Nonetheless, the movement of the RMB to date is insufficient. Treasury will closely monitor the pace of RMB appreciation and press for policy changes that yield greater exchange rate flexibility, a level playing field, and a sustained shift to domestic demand-led growth.
view the Report to Congress on International Economic and Exchange Rate Policies
Source: US Department of the Treasury
Schwab files with the SEC
December 27, 2011--Charles Schwab has filed an Amended and Restated Application for an Order to Supersede a Prior Order for exemptive relief with the SEC.
view filing
Source: SEC.gov
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
December 23, 2011--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Daylight Energy Ltd. (TSX: DAY) have approved the proposed acquisition of Daylight by Sinopec International Petroleum and Production Corporation (SIPC).
Daylight shareholders will receive $CDN10.08 cash for each share held. Daylight will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Completion, the S&P/TSX Composite Dividend and Equity Income, the S&P/TSX Equity, Capped Equity and Equity Completion, the S&P/TSX Capped Energy and the S&P/TSX Composite Equal Weight Indices after the close of Thursday, December 29, 2011.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
Agencies Extend Comment Period on Volcker Rule Proposal
December 23, 2011 — Four federal agencies today extended until February 13, 2012, the comment period on a proposal to implement the so-called Volcker Rule of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Dodd-Frank Act requires regulators to implement certain prohibitions and restrictions on the ability of a banking entity and nonbank financial company to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The comment period was extended as part of a coordinated interagency effort to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by January 13, 2012.
The proposal was issued by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission.
view the Proposed Rule Release No. 34-66057
Source: SEC.gov
CFTC.gov Commitments of Traders Reports Update
December 23, 2011--he current reports for the week of December 20, 2011 are now available.
view updates
Source: CFTC.gov
ProShares files with the SEC
December 22, 2011--ProShares has filed a Form S-1, registration statement with the SEC.
view filing
Source: SEC.gov
