iShares hires for bond ETF push
January 14, 2014--BlackRock is ramping up the fixed income portion of its exchange-traded funds business,
creating a dedicated distribution team and hiring former bond traders as part of the push.
Source: Financial News
REG-UBS AG Following listing of UBS Group AG shares on the SIX Swiss Exchange and New York Stock Exchange (NYSE)
UBS confirms delisting of UBS AG from the NYSE and outlines process for delisting UBS AG from the SIX Swiss Exc
January 14, 2015-- Following listing of UBS Group AG shares on the SIX Swiss Exchange and New York Stock Exchange (NYSE) UBS confirms delisting of UBS AG from the NYSE and outlines process for delisting UBS AG from the SIX Swiss Exchange
Following the successful conclusion of the share exchange offer and the consequent listing of UBS Group AG shares on the NYSE and the SIX Swiss Exchange on 28 November 2014, UBS AG has, as previously announced, applied to delist its shares from the SIX Swiss Exchange and the NYSE.
Source: Reuters
Navigating Policies for the New Normal
January 14, 2015--Global growth in 2014 was yet again lower than initially expected, continuing a pattern of disappointing outturns over the past several years. Growth picked up only marginally in 2014, to 2.6 percent, from 2.5 percent in 2013.
The global growth outlook for 2015 is not rosier either: it is expected to rise moderately to 3 percent, and an average about 3.3 percent through 2017.
Several major forces are driving the global outlook: soft commodity prices, persistently low interest rates but increasingly divergent monetary policies across major economies, and weak world trade. In particular, the sharp decline in oil prices since mid-2014 will support global activity and offset some of the headwinds to growth in oil-importing developing economies. However, it will continue to dampen growth prospects for oil-exporting countries, with significant regional repercussions.
Source: World Bank
Savers opt for secure retirement over luxuries
January 14, 2015--A new report has suggested that most people approaching retirement want to use their pension savings to secure a guaranteed income rather than spend it on cars and holidays.
Big changes to pension rules announced in last year's Budget will give savers with so-called "defined contribution" pensions new flexibility to avoid buying an annuity, which turns savings into a guaranteed income.
Source: FT.com
Qatar market lures German firms for dual listings
January 14, 2015--The Qatar Exchange 20 index fell by 0.50 per cent to 11,936.58 points on Wednesday, January 14.
Qatar Islamic Bank (QIB) gained 0.94 per cent to reach for QAR107.
Source: AME Info
REPORT: U.S.-Listed ETPs Tracking Nasdaq Indexes
January 13, 2015--The Nasdaq Quarterly report encapsulating all U.S.-Listed Exchange-Traded Products (ETPs) that track Nasdaq Indexes is now available.
view the Detail pages-sorted by index family view the Index and Licensed Product Snapshot
Source: Nasdaq
DMS Deciphering Developing Markets-
I clearly remember the flat top mountain called Table Top Mountain and the white sands of Clifton Beach. I had left the shores of India for the first time and South Africa, to me, seemed like heaven. This was the time of apartheid though, and so not all was happy and joyful there, but as a tourist, I never got to see the seamy side of life.
Source: Nasdaq
New activist investor takes aim at MSCI
Naya Management, a London-based value investment firm led by Masroor Siddiqui, has written to MSCI to urge the company to break itself up or put itself up for sale.
Source: FT.com
UAE says Opec will no longer shore up oil price
arguing that rising North American shale oil output needed to be curbed.
Source: FIN24
Global Economic Prospects to Improve in 2015, But Divergent Trends Pose Downside Risks, Says WB
After growing by an estimated 2.6 percent in 2014, the global economy is projected to expand by 3 percent this year, 3.3 percent in 2016 and 3.2 percent in 2017 [1], predicts the Bank’s twice-yearly flagship. Developing countries grew by 4.4 percent in 2014 and are expected to edge up to 4.8 percent in 2015, strengthening to 5.3 and 5.4 percent in 2016 and 2017, respectively. view the Global Economic Prospects-January 2015
Having Fiscal Space and Using It report
Source: World Bank
January 13, 2015--As I researched articles for this post, I was reminded of the time, many years ago, when I visited Cape Town in South Africa.
January 13, 2015--MSCI, the stock market indices provider, is facing new public pressure from one of its leading shareholders, days after activist hedge fund ValueAct demanded a seat on the board.
January 13, 2015--The United Arab Emirates says that Opec will no longer move to shore up crude prices,
January 13, 2015--Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger U.S. economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, says the World Bank Group's Global Economic Prospects (GEP) report, released today.
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