At 16:00 on 25 November 2016, Moscow Exchange (MOEX) has launched trading in RussNeft ordinary shares (ticker RNFT). At its IPO held on the Exchange, the company offered RUB 32.4 billion worth of shares at RUB 550 each, with the market cap totalling RUB 161.8 billion. VTB Capital and Sberbank CIB acted as joint global…
Read more
Business information giant Thomson Reuters Corp (NYSE:TRI) Lipper has announced its findings on the performance of all unit trusts and investment-linked insurance products (ILPs) that are included under the Central Provident Fund Investment Scheme (CPFIS) as of 30 September 2016. In Q3 2016, the overall performance of CPFIS-included funds rose 6.22% on average, a positive and…
Read more
New technology development specialists, FinoComp, have announced the launch of a gains calculator for advisers using the Aegon platform. The new tool has been designed to give advisers and para-planners the information they need to manage their client’s capital gains tax (CGT) liabilities. The initial scope of the project covers the capital gains on general…
Read more
Hong Kong Exchanges and Clearing Limited (HKEX) has welcomed today's announcement by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission of the start date for Shenzhen-Hong Kong Stock Connect (Shenzhen Connect), a mutual market access programme of the Hong Kong and Shenzhen stock markets. As stated in a regulatory announcement…
Read more
Annuity providers will be required to inform their customers how much they could gain from shopping around and switching provider before they purchase an annuity under plans, the Financial Conduct Authority (FCA) has announced today. The FCA previously has found that 60% of customers were not switching providers when they bought an annuity and up…
Read more
SyndicateRoom, the online investment platform which allows individuals to invest alongside the professionals, has launched its study Rise of the Growth Hunters to support UK investors who are looking for faster growth in 2017. The report analyses sentiment and expectations of over 1,000 retail investors alongside five years of company growth data from Beauhurst. It…
Read more
The Central Bank of Russia (CBR) has registered an updated version of the Methodology of the Moscow Exchange Indices Calculation adopted by the Executive Board of Moscow Exchange on October 7, 2016. This methodology has been adopted in respect of the planned corporate restructuring whereby CJSC MICEX Stock Exchange will be consolidated into Moscow Exchange.…
Read more
FX broker Alpari Limited has notified that at the end of October 2016 the trade turnover went slightly down to $86.1 billion with 3% from September's $88.7 billion. During this period, the popular financial instruments showed mixed trends. Thus, the turnover of the most popular among traders EURUSD currency pair rose and the currency pairs…
Read more
ASIC has released a consultation paper proposing to remake four class orders that are due to expire (‘sunset’) in 2017 and to incorporate two related class orders into one new instrument. The class orders proposed to be remade are: Class Order [CO 02/260] Product Disclosure Statements: Application forms created by licensee; Class Order [CO 02/262]…
Read more
Commercial banking company Australia and New Zealand Banking Group Limited, commonly called ANZ (ASX:ANZ), has announced it has reached an agreed settlement with the Australian Competition and Consumer Commission (ACCC) in relation to conduct associated with Non-Deliverable Forward FX contracts for the Malaysian Ringgit undertaken in Singapore during 2011. In a Statement of Agreed Facts…
Read more