Archive for February 8th, 2008

Leading Wall Street Banks Establish The Carbon Principles

Three of the world’s leading financial institutions today announced the formation of The Carbon Principles, climate change guidelines for advisors and lenders to power companies in the United States.

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Mac Capital becomes a trading member of the DIFX, opens new gateway to exchange.

The Dubai International Financial Exchange (DIFX) today welcomed MAC Capital Limited (MAC) as its newest Member firm able to trade shares and other securities.

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Development of Listing System for Commodity ETFs

The Tokyo Stock Exchange made a resolution regarding “Development of the Listing System for Commodity ETFs (Spot Commodity Investment Type)” (System Outline) at the Board of Directors meeting held on January 29, 2008.

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NYSE Euronext Announces 2007 Returns for NYSE Indexes

NYSE Euronext announced on the 6th February 2008 that the NYSE Composite Index (NYA), comprised entirely of companies meeting the industry’s highest standards of an NYSE listing, rose 6.58% during 2007.

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IMF Executive Board Approves US$3.3 Million in Emergency Assistance for Dominica

The Executive Board of the International Monetary Fund (IMF) approved on February 4, 2008, SDR 2.05 million (about US$3.3 million) in emergency assistance for Dominica.

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Bank of England Reduces Bank Rate by 0.25 Percentage Points to 5.25%

The Bank of England’s Monetary Policy Committee voted on the 7th of February to reduce the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.25%.

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Minister to lead fact-finding visit to India

A Jersey delegation is heading to India in February to strengthen relationships with existing Jersey-based business from the sub continent.

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Electronic Equity Trading Up 85 per cent to Record Levels on London Stock Exchange and Borsa Italiana

New records were achieved in trading on the equity order books of Borsa Italiana and the London Stock Exchange during January 2008.

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Government must wake up to housing solution

The British Property Federation (BPF), which represents the UK property industry, believes that a professional rented sector similar to that of the USA and Germany could house the millions of people unable to get on the housing ladder.

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