Archive for August 3rd, 2007

ISDA publication of new LCDS protocol

The International Swaps and Derivatives Association, Inc. (ISDA) has announced publication of the 2007 LCDS Protocol.

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FASB new proposal on hedge fund accounting method

The US Financial Accounting Standards Board (FASB) has issued proposed statement on provide guidance on certain practices involved in the application of one technique for determining hedge accounting, commonly referred to as the shortcut method. The board has sought comments from stakeholders before finalising it.

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Tunisian Central Bank Reports

Tunisian inflation is under control despite of the fuel prices, record high euro against the US dollar and yen and maintaining commodities prices at a high level.

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Placement stake of Postal Saving Bank

The Minister of Economy and Finance Mr. George Alogoskoufis confirmed the successful completion of the placement of 20% stake of the Postal Savings Bank. He said that it is a very significant step in the government’s privatisation agenda.

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Bank Indonesia reports on economy

After reviewing the improving economic conditions and progress in inflation, the Board of Governors’ Meeting at Bank Indonesia announced the decision to lower the BI Rate by 25 bps to 8.25%.

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