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EU carbon-tax plan just a 'patch', French economist
January 23, 2013--The collapse of Europe's controversial market for carbon emissions rights is "an extremely serious" matter and an EU Comission proposal to freeze a related auction for 2013-2015 is simply a "patch" for the problem, a French economist warned lawmakers on Wednesday.
"We are in an extremely serious situation regarding the development of the European quotas market," Christian de Pertuis told the French Senate's finance commission in a hearing.
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Source: EUbusiness
Critical Challenges Await Russia's Economy, New Report Finds
January 22, 2013--The World Economic Forum publishes today Scenarios for the Russian Federation, which identifies key uncertainties for Russia's long-term economic development through 2030.
The report highlights three key priorities for Russia’s economic future:
Potential for major shifts in the global energy landscape
Domestic institutional environment
Maintaining social cohesion
view the World Economic Forum report-Scenarios for the Russian Federation
Source: World Economic Forum
Europe's 'milestone' financial tax wins approval
January 22, 2013--European Union finance ministers Tuesday gave 11 nations a final go-ahead to launch a controversial financial transactions tax seen by many as a way of making the finance sector pay for the economic crisis.
"For the first time ever, the financial transaction tax will be applied at regional level," said the EU's tax commissioner Algirdas Semeta after the ministers gave their green light.
The new tax will be "a milestone"' the commissioner said. "A block representing around two-thirds of EU GDP (gross domestic product) will implement this fair tax together, answering the long-time calls of their citizens."
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Source: EUbusiness
Financial transactions tax in Europe given go-ahead
January 22, 2013--EU ministers have given the go ahead for 11 eurozone members, including France and Germany, to prepare a new financial transactions tax.
The approval under "enhanced co-operation" rules allows the smaller group to pioneer the tax.
Governments previously failed to agree to impose the tax across the entire 27-member EU or 17-member eurozone.
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Source: BBC News
ETF Securities now also lists ETPs on SIX Swiss Exchange
January 22, 2013--SIX Swiss is pleased to welcome ETF Securities as a new issuer of ETPs. Four months ago, ETF Securities launched the first products on SIX Swiss Exchange and entered the Swiss market with eight Equity ETFs.
Now ETF Securities launches 28 ETPs on the Swiss stock exchange on various commodities such as aluminum, zinc, coffee, cotton or sugar – all with a CHF currency hedging.
The product provider ETF Securities was founded in 2003 and is based in London. ETF Securities is one of the leading European providers of Exchange Traded Products (ETPs), i.e. collateralized, non-interest bearer debt securities that replicate an underlying asset. Alain Picard, Head Product Management at SIX Swiss Exchange, is pleased with this new product launch. "We would again like to extend a warm welcome to ETF Securities on SIX Swiss Exchange and are very happy that ETPs of ETF Securities can now also be traded on our exchange. These 28 ETPs newly listed on the Swiss stock exchange are an exciting addition to our existing offer and enable new investments via ETPs in individual commodities and industrial metals."
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Source: SIX Swiss
Euro area investment fund statistics
January 22, 2013--In November 2012, the amount outstanding of shares/units issued by euro area investment
funds other than money market funds was €82 billion higher than in October 2012.
This increase was due mainly to increases in share/unit prices.
The amount outstanding of shares/units issued by euro area investment funds other than money market funds increased to €6,454 billion in November 2012, from €6,372 billion in
October 2012. Over the same period, the amount outstanding of shares/units issued by euro area money market funds stood at €946 billion, unchanged from the previous month.
Transactions1 in shares/units issued by euro area investment funds other than money market funds amounted to €25 billion in November 2012, while transactions in shares/units issued by money market funds amounted to €2 billion.
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Source: ECB
DB-Synthetic Equity & Index Strategy-Europe-European ETF and ETC Product Directory
January 22, 2013--This document includes all European domiciled exchange-traded funds (ETFs) and exchange-traded commodities (ETCs).
The directory is organised by asset class and it has been sorted by benchmark exposure and by ETF issuer, in alphabetical order. A number of key information per product have been included in order to enable the reader to get an overview in their respective area of interest.
request report
Source: Deutsche Bank - Synthetic Equity & Index Strategy - Europe
.. .YOU ON YAHOO! FINANCEYour Activity |Social: OFFON Turn Social ONRemind me when I share|Options What is this?Not you? Log out of FacebookHow to remove this experience.......EU parliament in talks to challenge new derivatives rules
January 21, 2013--The European Parliament may demand a rethink of new rules designed to make derivatives markets safer in the wake of the financial crisis, potentially leading to months of uncertainty for banks that are big users of these products.
Members of the Parliament are discussing a resolution which, if approved next month, would trigger a formal review of the rules, two sources from the European Parliament said.
"The draft resolution is being put together now. There are legitimate concerns," one of the parliamentary sources said.
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Source: Reuters
Five db X-trackers on CSI300 sector index family launched on Xetra
ETFs offer first-time access to sector indices on Chinese A-class shares
January 21, 2013--Five new equity index ETFs issued by db X-trackers have been tradable in Deutsche Bõrse's XTF segment since Monday.
The five new db X-trackers ETFs from the CSI300 sector index series enable investors to participate for the first time in the performance of Chinese A-class shares in the following sectors: banking, energy, healthcare, real estate and consumer discretionary.
db X-trackers CSI300 Banks Index ETF (LU0781021877)
db X-trackers CSI300 Consumer Discretionary Index ETF (LU0781021950)
db X-trackers CSI300 Energy Index ETF (LU0781022172)
db X-trackers CSI300 Health Care Index ETF (LU0781022339)
db X-trackers CSI300 Real Estate Index ETF (LU0781022099)
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Source: Deutsche Bõrse
European banks optimistic on outlook, study shows
January 21, 2013--European banks are optimistic about their business outlook for the next six months, even though the economy is set to deteriorate further in a number of countries, a study found on Monday.
Consultants Ernst & Young found in a survey that 37 percent of European banks are expecting an improvement in their operational activities in the period, while 24 percent were forecasting a deterioration.
About 39 percent expected stagnation, the study found.
Optimism varied from country to country, with up to 59 percent of British banks counting on an improvement, 51 percent of Italian banks, 45 percent of Scandinavian banks and 37 percent of Spanish banks.
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Source: EUbusiness
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