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Archive of posts published in the category: 夜上海
Jun
18

Brokerage firms scale back European operations amid debt crisis

Share this article and your comments with peers on social media As infections rise, European Central Bank prepares stimulus Its latest survey of institutional investors predicts that the commission pool will be flat for calendar 2012. However, Greenwich says that “soft equity trading volumes in the first six months of the year and conversations with disappointed brokers suggest the pool will shrink markedly further.” Greenwich Associates consultant, Jay Bennett, indicates that this slump is due to three main factors: the de-risking of institutional investment portfolios, the recession in Europe, and the European sovereign debt crisis, which is limiting trading activity. In response, global brokers have trimmed their European equity operations, Greenwich notes, but, it says the reductions “have been modest in relation to the magnitude of the decline in trading revenues.” “To this point however, they’ve been pruning around the edges,” says Greenwich Associates consultant, John Colon. “But if things continue on this track, at some point they’ll have to move from giving up fingers and toes to arms and legs.” Greenwich suggests that there are two main reasons why firms have resisted deeper cuts. For one, equity trading and research capabilities are seen as important supports for the investment banking business; and, second, as capital requirements increase, equity trading is still viewed as a highly attractive business. “There is no doubt that many banks are maintaining staffing levels above what the current business would dictate in anticipation of a recovery,” says Bennett. “They see all this money on the sidelines, they see the miniscule returns investors are getting in fixed income and they conclude that, eventually, risk appetite will have to return.” Greenwich reports that UBS leads the brokerage league tables, with a 10.5% market share in European institutional equity trading; followed by Credit Suisse, Deutsche Bank and Morgan Stanley, all of which are effectively tied for second place with market shares of 9.4%-9.9%. In European equity research, Deutsche Bank ranks first, Greenwich says, followed by UBS, Morgan Stanley, and Bank of America Merrill Lynch. James Langton Global brokerage firms have trimmed their European equity brokerage businesses in response to troubles in the region’s economy and financial markets, but so far they’ve resisted major cuts in hopes that the business will eventually bounce back, reports Greenwich Associates. In a new report, Greenwich says that European equity trading commissions have been in decline for the past several years. It reports that institutional commissions are down by 25% from the first quarter of 2009 to Q1 2012 on a pan-European basis. Facebook LinkedIn Twitter European Central Bank launches new stimulus for economy Stimulus package breaks new ground in European unity Related news Keywords Europe read more

Jun
18

CCIR looks to close key gaps in regulation

first_imgAdvocis encouraging advisors, clients to oppose commissions ban Related news The Canadian Council of Insurance Regulators (CCIR) is calling for industry input on how to address key gaps between the regulations pertaining to mutual funds and segregated funds in an issues paper released on Monday. The paper, compiled by the CCIR’s Segregated Funds Working Group, highlights the comparative regulatory frameworks for seg funds and mutual funds. It concludes that existing and potential gaps in areas such as disclosure may need to be addressed in order to protect consumers. For example, the CCIR paper notes that the implementation of the second phase of the client relationship model (CRM2) has resulted in mutual fund compensation disclosure that differs considerably from the disclosure provided for seg funds. “This difference may result in investors not fully understanding the fees that are being charged for the two types of product, what the fees represent, and the impact on their investment returns,” the CCIR paper states. The document also addresses regulatory discrepancies in such areas as investment performance reporting, risk classification methodology, oversight of intermediaries, conflicts of interest and best interest standards. The CCIR paper notes that differences in the regulatory framework of similar products may exist to reflect their respective and unique features. However, it notes that if one structure is perceived to be less onerous than the other, there may be an incentive for intermediaries to sell the products regulated under one regime over the other. “The potential exists for individuals who are dually licensed to sell both mutual funds and life insurance products to let self-interest influence their product recommendations,” the CCIR paper states. “This is contrary to providing fair treatment to the customer or acting in the client’s interest.” The paper adds that although the CCIR is not aware of any statistical evidence to demonstrate that regulatory arbitrage is occurring within the mutual fund/seg fund sectors, amendments may be necessary to ensure that consumers are protected. The CCIR paper poses 20 questions for stakeholders and invites any other relevant feedback that will assist regulators in ensuring that the regulation of seg funds both protects consumers and ensures a competitive and efficient marketplace. The deadline for submissions is July 15. Photo copyright: dirkercken/123RF Facebook LinkedIn Twitter Megan Harman Share this article and your comments with peers on social media Keywords Segregated fundsCompanies Canadian Council of Insurance Regulators Regulators sticking to their plan FSRA to examine seg funds, MGA channel OSFI previews new capital rules for seg fund risklast_img read more

Sep
21

Updated: Kenai Residents Petition Grant To Add More Flights Amid Frustrations With Ravn

first_imgThe petition states: Grant Aviation we love your company.  Customer Service seems to be important to you, and the people of Kenai would greatly appreciate if you brought back weekend service to Anchorage.The petition was created on a the site change.org with the hopes of collecting 500 signatures, as of 4pm, Friday, they have exceeded 1,000. Request for comment from Ravn Air Group was not returned by time of publication. Original Post: Amid constant flight delays, and cancellations from Ravn Air Group some residents have taken it upon themselves to start an online petition asking Grant Aviation to increase their number of daily flights from Kenai to Anchorage. FacebookTwitterEmailPrintFriendly分享Statement sent to KSRM News from Grant Aviation: Robert Kelley, CEO/President for Grant Aviation: “In response to the community requests through emails and the online petition referenced in your news article, Grant is pleased to announce we will be adding a Saturday schedule starting January 18, 2020. The initial plan is to provide roundtrips between Kenai and Anchorage starting mid- morning out of Kenai. We plan to adjust the schedule as needed to best match the demand with the resources we have available. The details of the actual flight schedule are currently being developed and will be published once they are determined early next week.With the current pilot staffing and aircraft availability, we are not currently able to add additional flights during the week. We will look at ways we might be able to add additional flights during the week over the next several months.As has been widely reported during the last couple of years, there have been a rash of aircraft accidents in Alaska and it has dramatically impacted the cost of insurance for air carriers. We are in the process of implementing planned rate increases to mitigate the higher insurance cost and we plan to have a slight increase in the Kenai – Anchorage flights starting January 18, 2020.”center_img This is a developing story- additional details will be posted as they are made available.last_img read more

Sep
21

Victor Moses Suffers Stunning Loss As Napoli Beat Inter To Close In On Italian…

first_imgSpanish midfielder Fabian Ruiz scored a stunning winner as Napoli shocked Victor Moses’ Inter Milan 1-0 in their Italian Cup semi-final, first leg tie in the San Siro on Wednesday.The Spanish midfielder broke through after 57 minutes to get Gennaro Gattuso’s side back to winning ways after their 3-2 league defeat at home to lowly Lecce last weekend.Ruiz picked up a Giovanni Di Lorenzo cross, beating three Inter defenders to curl in past a helpless Daniele Padelli.“This is the real Napoli. Big compliments to my lads,” said Gattuso, whose side are 11th in the Serie A table.But he warned: “There’s no reason to smile, we still haven’t achieved anything yet.”Antonio Conte’s side who had Victor Moses on for 74 minutes before he was hooked for Alexis Sanchez looked sluggish days after their thrilling 4-2 derby win over AC Milan which put them top of the Serie A table.Both sides had their chances in the first half with Lautaro Martínez nodding wide with Padelli denying Piotr Zielinski just before the break in front of a crowd of nearly 60,000 in northern Italy.Conte sent on Cristian Eriksen after 65 minutes and the Dane threatened but David Ospina held firm in the Napoli goal.Napoli, who last won the trophy in 2014, now take a slim advantage into the second leg at their Stadio San Paolo on March 5.“The derby certainly took away a lot of energy,” said Conte. “But we’re talking about Napoli, who beat Lazio, Juventus, Liverpool.“It’s a team of substance despite its position in the standings.”Record 18-time winners Juventus take on AC Milan in the other semi-final on Thursday, again in the San Siro.The match will be the first clash in Italy between Juventus star Cristiano Ronaldo and Sweden’s Zlatan Ibrahimovic.The final will take place in the Stadio Olimpico in Rome on May 13.RelatedItalian Serie A Recap: League Napoli Move Four Points Clear As Inter-Roma Clash Ends In DrawJanuary 22, 2018In “Europe”Italian Serie A Review: Napoli, Juventus Strengthen Title Bid With Wins As Inter Falter AgainDecember 24, 2017In “England”Inter Close Gap On Leaders Napoli With Hellas Verona VictoryOctober 31, 2017In “Europe”last_img read more

Aug
28

Stan Lee sues his former company Pow! Entertainment for $1 billion

first_imgABC/Richard Cartwright(LOS ANGELES) — Comic-book legend Stan Lee, who created some of Marvel’s biggest superheroes, filed a lawsuit against his former company, Pow! Entertainment, Tuesday, citing his business partners took advantage of his poor eyesight and the fact that he was mourning his wife, Variety reports. Lee is suing for $1 billion. When Lee sold his company last year to Camsing International Holding in China, he said he was suffering from macular degeneration, which weakens eyesight. According to the suit, CEO Shane Duffy and Gill Champion used this health condition against him and swindled him into signing over his name. He says the two tricked him into signing away exclusive rights to his name, image and likeness. Lee even claims the two forged his signature. In addition to his declining vision, Lee says he did not know nor understand the terms of the contract because he was mourning the death of his wife. He now wants $1 billion and his name back. Lee is no stranger to legal issues lately. He also filed suit last month against his former publicist and business manager Jerardo Olivarez, whom Lee claims stole $1.4 million. Lee created or co-created some of Marvel’s most recognizable characters, like Spider-Man, Iron Man, Hulk, and The Avengers, in the 1960s. He founded Pop! Entertainment in 2001.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Aug
6

Cesc Fabregas: I’ve never seen a front three like Barcelona’s

first_img 28/07/2015 “Obviously they are a threat to everybody in the competition again this season. “I think they are the best team in the world, especially when the front three are on form. I don’t remember a front three in Messi, Suárez and Neymar as powerful and talented as those three since I was born.  Sport EN CEST The midfielder’s new team faces the side he left last summer, on Tuesday night, as part of the International Champions Cup tour of America. “Unfortunately we went out in the last 16 on away goals, we didn’t actually lose the game. But we do have to play better in the Champions League this season. He said: “I always say that the Champions League was the one disappointment from last season. I gave the team a seven or an eight out of 10 for the year, but to complete a top, top season we needed to do better in the Champions League. Upd. at 14:45 Cesc Fabregas has hailed Barcelona’s front-line, saying Chelsea need to learn how to overcome them to win the Champions League. “It is nice to play against [Barcelona]. I spent beautiful years there, some of the most beautiful moments of my career and my life personally as well. It will be great to play against them again.  “We won’t be playing against Messi and Neymar in this game, so we are a bit lucky because of that. But if we want to win Champions Leagues, we have to compete against the best. We will have to do well.” Fabregas won’t be facing Neymar or Lionel Messi, but still saw fit to hail the forwards. last_img read more

Dec
28

Reward offered in explosives theft from gold-mine bunker

first_imgBIG BEAR CITY – Authorities offered a $25,000 reward Tuesday for information about the theft of more than 500 pounds of explosives from a storage bunker near a gold mine. The theft was reported on May 3 at Gold Mountain Mine Co. about 90 miles east of Los Angeles. Associates of the mine owner found someone had broken into the explosives storage facility and 686 sticks of dynamite and a 30-pound bag of ammonium nitrate were missing, said John D’Angelo, spokesman for the federal Bureau of Alcohol, Tobacco, Firearms and Explosives. He declined to give further details. Officials with the Gold Mountain Mine Co. could not be reached for comment because the firm has an unlisted phone number. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinalsGold Mountain holds a federal explosives license and was storing the explosives properly, D’Angelo said. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Dec
19

South Africa is ‘can do’ country: Zuma

first_imgPresident Jacob Zuma kicks of the 2010 World Cup countdown at Green Point Stadium, 11 June 2009. Click arrow to play video. Siyanda Jaxu, a junior engineer who was given the afternoon off to attend Thursday’s ceremony, told BuaNews he was proud to be part of the project. “I feel so proud of myself,” Jaxu said. “I have learnt so much and have gathered so much experience in the time I have been working on the stadium. I am looking forward to watching the games from the stadium that I helped build.’ Industrial relations officer Marco Matshoba said working on the stadium was an experience he would never forget. “Having the President here today, and listening to what he has to say, gives us all extra motivation and an extra push to ensure that everything stays on track,” Matshoba said. Green Point Stadium is 70% complete and will be ready for the World Cup by December. Regarding the national team, Bafana Bafana, Zuma said he could guarantee that they would surprise the world. “They are South Africans, and once we are given a challenge we rise to the occasion.” Zuma launched the one year to 2010 countdown by kicking a soccer ball from the sand that will soon home to a football pitch grown to Fifa regulations. The City of Cape Town, represented by the stadium’s only woman crane operator, Zoliswa Gila, gave Zuma a pair of gold-coloured soccer boots. Gila said she had dreamt of becoming a pilot, but could not afford flying lessons. Instead, she had decided to become a crane operator, allowing her to work at heights of up to 80 metres above the ground. Source: BuaNews 12 June 2009 South Africa is a country that can be counted on to deliver, says President Jacob Zuma. “When given a challenge, we always rise to the occasion,” Zuma said during a tour of Cape Town’s Greenpoint Stadium to mark the one-year countdown to the 2010 Fifa World Cup. Addressing a crowd of dignitaries, construction workers and football fans at the World Cup venue on Thursday, Zuma said that all systems were on track to deliver a successful tournament, despite the world once believing that South Africa could not do it. “But we said, ‘Yes, we can’, and now we have proved to the world that South Africans are special people who rise to the occasion.” At the heart of South Africa’s readiness were the thousands of workers whose hard work had gone into building the infrastructure for the World Cup, Zuma said. These workers had made history with their enthusiasm, sweat and hard work. “You have made us proud. Thanks for a job well done,” the President said.last_img read more

Dec
16

Quick Audience Response Testing With Napkin Labs

first_img8 Best WordPress Hosting Solutions on the Market If you are looking for a quick and dirty way to get feedback to product plans or marketing campaigns, check out the latest additions to Napkin Labs’ audience response service. These make it easier to collect information from a variety of sources and methods, and all for a very reasonable monthly price.This isn’t a surveying tool, like SurveyMonkey or others. Instead, it is for more creative and open-ended kinds of tasks, like if you are reviewing a new logo for a client or want to refine the scope of a project workplan. How does it work?Each user is assigned their own virtual “lab” space to add experiments as they see fit. You use the service by posting what they call “challenges” to be answered by your community. You select one of several templates (see the screenshot below) for discussion, photo albums (which is new) or idea creation apps, pose your questions, pick participants, and send out invites to specific people via email. You can also post the challenges to a special Facebook page, embed a link on your own website or use a special URL that is assigned to your lab. Tags:#cloud#How To#Real Time#saas Why Tech Companies Need Simpler Terms of Servic… Related Posts Top Reasons to Go With Managed WordPress Hosting The photo album app makes it easy to share photos among a group, asking them to post the best captions or tag each picture with appropriate descriptions. Each lab automatically collects stats on originating IP addresses and gender/age demographics. The notion behind Napkin Labs is to try things out – hence its name – and act on the feedback you are getting quickly. The service starts at $100 per month, and has a 30-day trial, although you will need to enter your credit card (boo). Filtering tools and premium support will cost more. david strom A Web Developer’s New Best Friend is the AI Wai…last_img read more

Dec
9

Video from the Sun JavaOne Conference – Keynote and Booth Tour

first_imgI had an opportunity to travel to San Franciso a couple weeks ago to attend and capture some video at the Sun JavaOne conference.  Here are the video’s as they are posted to YouTube: Sun JavaOne Conference Keynote with Intel’s Diane BryantThis video shows the Keynote where Jonathan Schwartz and Diane Bryant are talking to a customer who implimented Sun systems based on the Intel Xeon 5500 servies processor.  The customer is impressed, to say the least. Sun JavaOne Conference Intel Booth and Demonstration This video is a tour of the Intel Booth in the conference with a walk through of the demonstrations being shown.  A perspective you don’t often get unless you attend a conference directly.Overall an interesting experience gathing and working to creat this content.  There are so many details that go into gathering the raw content and getting it turned into something that is more consumable.  I have a new found respect for anyone that does this regularly.Hope you enjoy.Greglast_img read more