The panel’s recommendations were accepted by the government and formed the basis of the enactment of the Investments and Securities Decree No. 45 1999 by the regime of General Abdulsalam Abubakar. To address the criticism of the lack of statutory basis for the AHC under the new ISA 99, SEC was given the power to [...]
n its March 11 editorial, “Rethinking state bond ratings,” The Times editorial board suggested that because state and local governments default on their obligations less often than corporations do, all bonds issued by governmental entities should automatically receive high ratings from credit rating agencies such as Standard & Poor’s (S&P). Several officials made the same [...]
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CHICAGO, March 29 (Reuters) - UBS AG (UBSN.VX: Quote, Profile, Research) said on
Saturday it has begun lowering the values of auction-rate
securities held by its clients.
Auction-rate securities are long-term bonds that behave
like short-term debt and have long been popular with
conservative investors because of their tax-exempt status.
The move [...]
CHICAGO (Reuters) - UBS AG (UBSN.VX: Quote, Profile, Research) said on Saturday it has begun lowering the values of auction-rate securities held by its clients.
Auction-rate securities are long-term bonds that behave like short-term debt and have long been popular with conservative investors because of their tax-exempt status.
The move is the latest [...]
CHICAGO (Reuters) - UBS AG (UBSN.VX: Quote, Profile, Research) said on Saturday it has begun lowering the values of auction-rate securities held by its clients.
Auction-rate securities are long-term bonds that behave like short-term debt and have long been popular with conservative investors because of their tax-exempt status.
The move is the latest [...]
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By Elaine Lies
TOKYO, March 28 (Reuters) - Japan’s Nikkei average rose 1.7
percent on Friday as investors bought to raise their portfolio
value in the second-to-last session of the financial year, led
higher by property firms such as Mitsubishi Estate (8802.T: Quote, Profile, Research).
Friday’s rise snapped a two-day [...]
I. Executive SummaryThe mission of the Department of the Treasury (Treasury) focuses on promoting economic growth and stability in the United States. Critical to this mission is a sound and competitive financial services industry grounded in robust consumer protection and stable and innovative markets.Financial institutions play an essential role in the U.S. economy by providing [...]
NEW YORK (CNNMoney.com) — Gold prices tumbled Wednesday, as the dollar regained strength, to sink nearly $100 below its record high set Monday - leaving some traders wondering if this is the beginning of the end for gold’s impressive run.COMEX gold for April delivery fell $59 to settle at $945.30 an ounce Wednesday. Gold had [...]
Treasuries Rise on Speculation Fed Cuts Failing to Spur Economy
By Anchalee Worrachate and Wes Goodman
March 19 (Bloomberg) — Treasuries rose, with two-year
notes paring their biggest decline since 2001, on speculation
Federal Reserve interest-rate cuts are failing to revive the
worlds biggest economy.
[...]
U.K. Regulators Investigate `False Rumors on Stocks (Update4)
By Joyce Moullakis
March 19 (Bloomberg) — U.K. regulators are investigating
whether traders have been trying to manipulate financial company
stocks by spreading “false rumors.
“We will not tolerate market [...]
