The Effects of the Shortened T+2 Settlement Cycle

The Effects of the Shortened T+2 Settlement Cycle

The Effects of the Shortened T+2 Settlement Cycle In March 2017, the United States Securities and Exchange Commission (the SEC) adopted amended Rule 15c6-1(a) which shortens the standard trade settlement cycle for most broker-dealer securities transactions from three business days (known as T+3) to two business days, (known as T+2). On Tuesday, September 5, 2017, […]

Herbalife (NYSE:HLF) Spikes 9.83% on Icahn Settlement

Herbalife (NYSE:HLF) Spikes 9.83% on Icahn Settlement

Herbalife (NYSE:HLF) Spikes 9.83% on Icahn Settlement $HLF Herbalife Ltd. (NYSE::HLF) said it concluded talks that would have taken the company private and simultaneously reached an agreement with billionaire investor Carl Icahn. Mr. Icahn built up his stake to become the nutritional-supplement company’s biggest shareholder in recent years, agreed to boost holdings past 50% only […]

Australian Securities Exchange – TechnologyOne Suing Brisbane AU$50 million

Australian Securities Exchange – TechnologyOne Suing Brisbane AU$50 million

Australian ERP software vendor TechnologyOne has escalated a long-running row with Brisbane City Council, threatening to sling an AU$50 million sueball at the city. The $120-million-plus contract at the centre of the dispute is to replace 13 of the council’s systems with a single “Local Government Systems” project. When the contract was awarded in 2015, […]

President Donald Trump Confronts Iran “Head On”

President Donald Trump Confronts Iran “Head On”

President Donald Trump Confronts Iran “Head On” US President Donald Trump ended his 2nd week as president Friday, 3 February, by demonstrating his resolve to cut Iran down to size. This is his Key preoccupation in the Middle East to the exclusion of all other Middle East issues. After President Trump personally warned the Islamic […]

China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange

China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange

China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has become a settlement bank for the Dubai Gold & Commodities Exchange (DGCX), the exchange said Tuesday, allowing more investors to clear transactions in RMB Yuan. ICBC becomes the […]

Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB)

Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB)

Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB) $DB The CEO’s of several German blue-chip companies have discussed Deutsche Bank’s (NYSE:DB) problems and are ready to offer a capital injection if needed to shore up Germany’s largest lender, newspaper Handelsblatt reported Thursday. The German newspaper said that under an emergency plan the participating companies would purchase […]

WB Issues “Mulan Bonds” in China, Issue Oversubscribed

WB Issues “Mulan Bonds” in China, Issue Oversubscribed

WB Issues “Mulan Bonds” in China, Issue Oversubscribed The World Bank (WB) Wednesday issued landmark bonds denominated in special drawing rights (SDR) in China’s interbank market. The 3-year SDR bonds worth SDR 500-M SDR (US$700-M) were billed as “Mulan bonds.” China’s RMB Yuan, or renminbi, will be used as the settlement currency. It is the […]