The European Securities and Markets Authority (ESMA) has published today statistical data on the number of prospectuses approved and passported by the National Competent Authorities (NCAs) of the European Economic Area (EEA) within the EU prospectus regime. The report shows that the number of prospectus approvals across the EEA has slightly decreased in 2015 compared…
Read moreIndependent broker dealers (IBDs) and wirehouse firms experienced net asset outflows of 2% for actively managed mutual funds in the first half of 2016, according to data released by financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) via its Fund Distribution Intelligence. Much of the outflows of actively managed funds from broker dealers appeared to move…
Read moreThe computer software company Oracle (NYSE: ORCL) has announced that it has entered into a definitive agreement to acquire NetSuite (NYSE: N), the very first cloud company. The transaction is valued at$109.00 per share in cash, or approximately $9.3 billion. Mark Hurd, Chief Executive Officer, Oracle, said: Oracle and NetSuite cloud applications are complementary, and will coexist…
Read moreAIG, the united states-based insurer, will now launch an add-onto its company directors & amplifier officials liability which will add various costs connected with Brexit to the insurance. AIG may also cover the legal costs of the challenge to some repatriation order and, when the challenge is not successful, the insurer may also purchase repatriation…
Read moreNasdaq, Inc. (Nasdaq: NDAQ) has reported strong revenue results for the second quarter of 2016. Second quarter net revenues were $559 million, up $41 million or 8% from $518 million in the prior year period, driven by a $24 million positive impact from acquisitions, a $14 million positive impact from operations, and a $3 million positive…
Read moreUKForex, part of international payment businesses company OFX, short for Ozforex Group Ltd (ASX:OFX), has announced the launch of OFX for Online Sellers, a new online merchant solution that streamlines payments from international marketplaces such as eBay and Amazon into bank accounts in the USA, Canada, Eurozone, Hong Kong, Australia, and the UK. The new product…
Read moreMarex Financial Limited, a subsidiary of global commodities broker Marex Spectron Group Limited, has become a member of European Commodity Clearing (ECC), a central clearing house for energy and related products in Europe, and ICE Endex, Intercontinental Exchange’s continental European energy exchange for natural gas and power markets. The admission to ECC will allow Marex…
Read moreThe European Securities and Markets Authority (ESMA) has published an extract from its confidential database of enforcement decisions on financial statements. The extract includes a selection of 12 decisions that were taken by national enforcers in the period from February 2014 to April 2016. ESMA is publishing extracts from its confidential database of enforcement decisions…
Read moreHighlights and FY2016 forecast: Revenues, particularly those from trading services, declined mainly due to a YoY decrease in cash equity trading value. Combined with an increase in depreciation cost accompanying the launch of new trading systems, quarterly net income fell 11.0% from last year. Operating Revenue: Information services revenue grew mainly due to an increase in…
Read moreThe Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on July 27, 2016: • The Board of Governors of the Federal Reserve System left unchanged the interest rate paid on required and excess reserve balances at 0.50%. • As part…
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