Monthly Archives: February 2004
Transformation for banking, securities industries in 2004
xfdws TRANSFORMATION sked Emerging Markets DatafileFebruary 12, 2004 XINHUA CHINA ENGLISH Transformation for banking, securities industries in 2004: Deloitte, XINHUA ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., A JOINT VENTURE […]
Strong expected to settle soon
Strong expected to settle soon CEO Wessels also says talks with buyers might wrap up ‘quite shortly’ By DAVE UMHOEFER AND KATHLEEN GALLAGHER [email protected] Thursday, February 12, 2004 Strong Financial Corp.’s new leader said Wednesday he believed the firm would […]
Plan for pensions safety net unveiled
THE Government today announced a new pensions safety net system to ensure people do not lose out if their company and its pension fund go bust. The move was hailed as a “big step forward” by the Cabinet minister responsible, […]
Move to ease pension fears
MINISTERS moved to reassure business today over the cost of a fund to protect 10 million workers from the risk of losing their pensions. Work and Pensions Secretary Andrew Smith said payments into the fund would be “risk-related” so that […]
Greenwich, Conn., Hedge Fund Firm Charged with Defrauding Customers
Feb. 12–The state banking commissioner has charged a Greenwich hedge fund firm and its partners with defrauding customers. Commissioner John P. Burke accused Criterion Investment Capital LP and its partners of violating a section of the Connecticut Uniform Securities Act, […]
Flat-rate levy for pension protection
COMPANIES WITH strong pension funds will have to pay the same levy into a pension protection scheme as those with weak funds, today’s Pensions Bill will reveal, as reported in The Independent onMonday. The Government will eventually introduce risk-based premiums, […]
MARKET REPORT: Sportingbet’s turn to play Russian takeover roulette
THE RUSSIANS are coming. On Tuesday, City dealing rooms were awash with talk that Russian businessman Alisher Usmanov was looking to put together a bid for steel maker Corus, where he is already thesecond biggest shareholder. Yesterday, Sportingbet was in […]
Greenspan Delivers a “Rational Exuberance†Speech on the US Economy
WEST PALM BEACH, FL (HEDGECO.NET) – The Chairman of the Federal Reserve Board, Alan Greenspan told a House Committee on Financial Services that the US economy is poised for vigorous growth. Theeconomy turned the corner last year, and has now […]
More Japanese Currency Investors Dump the Dollar, Yen Option Volatility Soars
WEST PALM BEACH, FL (HEDGECO.NET) – Many Japanese currency investors are selling the dollar, and buying the yen, as currency market analysts think the dollar would continue to fall in the comingmonths. JP Morgan is predicting that the dollar could […]
Officials order new mutual fund reforms
Federal regulators Wednesday ordered new mutual fund reforms and proposed a ban on hidden brokerage commissions. The Securities and Exchange Commission held the fourth in a series of open meetings on investor protection initiatives in response to the ongoing fund […]
AME Info, Abu Dhabi, United Arab Emirates, Financial Briefs Column
Feb. 11–OPEC MOVE TO BOOST GCC STOCKS: GCC stock markets are likely to have the wind in their sails this week thanks to Opec’s decision to cut oil production. Higher oil prices have underpinnedrecent stock market performance, and the Opec […]
Protection fund ‘last straw’ for final-salary pensions
GOVERNMENT plans for a pensions lifeboat were slammed today, hours ahead of publication of a new pensions Bill. Pension experts said the proposed Pensions Protection Fund would add to the flood of employers abandoning guaranteed pensions. Opposition to the PPF […]