Eight global financial institutions, including J.P. Morgan, Societe Generale and Deutsche Bank, were fined €1.71 billion ($2.32 billion) by European Union regulators for alleged collusion in fixing key benchmark rates.
China presented to the public its boldest set of economic and social reforms in nearly three decades yesterday, Friday November 15, 2013; relaxing its one-child policy and further freeing up markets in order to put the world's second-largest economy on a
The Committee on Payment and Settlement Systems (CPSS) and the Board of the International Organization of Securities Commissions (IOSCO) today published the public responses to the consultative report on Recovery of financial market infrastructures.
Major Global Stock Market indexes maintain uptrend as they advanced further in Q3 to record regions after rebounding from a recent dip that was sparked by uncertainties surrounding the posture/outlook of the US Fed Policy.
The Argentina Stock market had a positive YTD performance which has currently placed it as first among global exchanges. One of the factors pointed out is the outright government ban on buying dollars imposed by President Cristina Fernandez de Kirchner's
The International Organization of Securities Commissions (IOSCO) today published the IOSCO Securities Markets Risk Outlook for 2013-2014. The report highlights important trends, vulnerabilities and risks in securities markets that may be of concern from a
Global Stock Markets continue to record further slide as market volatility increases and investors seek safer havens through gold and some government bonds. It would appear that there seems to be no end in sight to the situation further exacerbated by the
The International Monetary Fund cut its world growth forecast amid deteriorating emerging market prospects, urging authorities to shore up their economies as the U.S. prepares to exit its easy money policies and wrestles with a budget impasse that threate
As money flows out of emerging markets on fears about an end to the U.S. Federal Reserve's bond-buying program, frontier markets have enjoyed something of a renaissance - but there can be "huge problems" for intrepid investors, analysts told CNBC.
Oracle Energy Corp. ("the Company" or "Oracle Energy", or "Oracle") (TSX.V: OEC) (Frankfurt: O2E) is pleased to announce the TSX Venture Exchange has accepted for filing the contract between Government of Portugal and Oracle for Petroleum Exploration, Dev
Oracle Energy Corp. ("the Company" or "Oracle Energy", or "Oracle") (TSX.V: OEC) (Frankfurt: O2E) is pleased to announce that it has entered into a Memorandum of Understanding with Greenacres Energy Company Ltd., a Nigerian registered corporation, with th
Libor, the controversial benchmark that underpins interest rates on trillions of dollars in financial contracts, is being sold to NYSE Euronext, the company that runs the New York Stock Exchange, according to people familiar with the matter.
Global regulators may start overseeing currency rates in a widening response to benchmark-rate setting scandals that began with revelations on the manipulation of Libor, according to two people familiar with the matter.
The International Organization of Securities Commissions (IOSCO) published today a consultation report on Regulation of Retail Structured Products, which analyses trends in the retail structured product market, and proposes a regulatory Toolkit for IOSCO
The International Monetary Fund warned that an “Uneven Recovery is also a dangerous one” for the global recovery as it again downgraded its growth forecasts for 2013, while holding out the prospect of relief late in the year.
The International Organization of Securities Commissions (IOSCO) published today a Consultation Report on Regulatory Issues Raised by Changes in Market Structure, which identifies possible outstanding issues and risks posed by existing or developing mark
Mozambique's stock exchange may add five new listings by 2018, the first as early as June, as companies exploring for gas raise funding for projects, said Anabela Chambuca Pinho, chief executive officer of the bourse.
Barclays is axing 3,700 jobs following a six month strategic review by new chief executive Antony Jenkins, who is pledging to change the culture of the bank in the wake of the Libor rigging scandal. He confirmed that the bank was shutting its structured c
Finance Minister P Chidambaram today inaugurated the country's new stock exchange - MCX-Stock Exchange (MCX-SX) at an event in Mumbai. The new exchange would commence live trading in equities from Monday.
The International Organization of Securities Commissions (IOSCO) today published a consultation report on Recommendations Regarding the Protection of Client Assets, which seeks to help regulators improve the supervision of intermediaries holding client as
India’s central bank cut its key lending rate by 0.25 percentage point to 7.75% Tuesday, the first cut since April. The move was broadly in line with expectations, given strains on India’s economic growth.
The International Organization of Securities Commissions (IOSCO) published today a Consultation Report on Financial Benchmarks, which seeks comments from the public on policy issues arising from the work of its Board Level Task Force on Financial Market B
NYSE Euronext agreed to sell itself to rival IntercontinentalExchange (ICE) for $8.2 billion, in a deal that ends more than two centuries of independence for the New York Stock Exchange, one of Wall Street's most enduring symbols of American capitalism.
Standard & Poor's (S&P) has become the last of the three main rating agencies to put the UK 's top AAA rating on "negative outlook". S&P said it could lower the UK 's rating "if fiscal performance weakens beyond our current expectations".
UBS AG UBSN.VX +0.60% is in the final stages of negotiating a settlement with U.S. and British authorities in which the giant Swiss bank is likely to pay more than $1 billion to resolve allegations that it attempted to manipulate benchmark interest rates,
Slowing exports to China have resulted in Japan falling into recession. Business week reports that opposition leader Shinzo Abe has used this as an excuse to call for ‘more stimulus’ and has highlighted the risk that weak growth will derail a planned sal
Military counterterrorism officials are seeking more capability to pursue extremist groups in Africa and elsewhere that they believe threaten the U.S., and the Obama administration is considering asking Congress to approve expanded authority to do it.
The Board of the International Organization of Securities Commissions (IOSCO) has published today the Final Report on Principles for Ongoing Disclosure for Asset Backed Securities (ABS Ongoing Disclosure Principles),