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Diversified Financial Services Specialized Finance

  • CARACAS, May 24- Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide. Most Venezuela say they cannot get access to official exchange rates anyway and so must go to the black market, on which the bolivar...

  • *Moody's says expects China growth to slow to close to 5 pct. *China: Moody's over-estimates risks, methodology inappropriate. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the rating agency said in a statement,...

  • *China: Moody's over-estimates risks, methodology inappropriate. *S&P rates China one notch higher, on negative watch. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the rating agency said in a statement, changing its...

  • HONG KONG— Credit rating agency Moody's has cut its credit rating for China, citing slowing economic growth and rising debt that it says will erode the country's financial strength. Moody's said Wednesday that it is downgrading its long-term rating for China one notch to A1 from Aa3. Moody's said Beijing's economic reform program won't suffice to offset the...

  • FRANKFURT, May 22- Deutsche Boerse Chief Executive Carsten Kengeter's defense team is negotiating with prosecutors to drop an insider trading investigation against him, German daily Handelsblatt reported on Monday. In return, the German stock exchange operator may face a fine of up to 10 million euros for delaying the announcement of its plans to merge with...

  • FRANKFURT, May 22- Deutsche Boerse Chief Executive Carsten Kengeter's defence team is negotiating with prosecutors to drop an insider trading investigation against him, German daily Handelsblatt reported on Monday. In return, the German stock exchange operator may face a fine for delaying the announcement of its plans to merge with the London Stock...

  • *All major agencies now rate Indonesia investment grade. JAKARTA, May 19- Rating agency Standard& Poor's upgraded Indonesia's sovereign ratings to investment grade on Friday, a long-awaited move that sent Jakarta shares soaring on hopes it could spur a wave of investment into Southeast Asia's biggest economy. Fund managers say the investment grade from S&P,...

  • *All major agencies now rate Indonesia investment grade. JAKARTA, May 19- Rating agency Standard& Poor's upgraded Indonesia's sovereign ratings to investment grade on Friday, a long-awaited move that sent Jakarta shares soaring on hopes it could spur a wave of investment into Southeast Asia's biggest economy. Fund managers say the investment grade from S&P,...

  • Until now, S&P was the only major credit rating agency to not assign Indonesia an investment grade rating. Indonesia is the world's fourth most populous country, with more than 250 million people, and a member of the G-20 bloc of major industrial and developing economies. S&P said corruption continues to be a problem in Indonesia and has "stunted" investment but it...

  • *All major agencies now rate Indonesia investment grade. JAKARTA, May 19- Rating agency Standard& Poor's upgraded Indonesia's sovereign bond ratings to investment grade on Friday, saying the move reflected its assessment of reduced risks to the country's fiscal position. Fund managers say the investment grade from S&P, which matches the ratings awarded by...

  • TOKYO, May 19- Japan tightened regulations on high-frequency trading this week, passing into law measures that will require HFT firms to register with regulators. The growing presence of HFT on the Tokyo Stock Exchange has raised concerns high-speed trading could destabilize markets and leave retail investors at a disadvantage. HFT accounted for about 70...

  • JAKARTA, May 19- Rating agency Standard& Poor's upgraded Indonesia's sovereign bond ratings to investment grade on Friday, saying the move reflected its assessment of reduced risks to the country's fiscal position. S&P has upgraded Indonesia's sovereign credit outlook to BBB-, which is an investment grade, up from BB+, junk status. It gave Indonesia a positive...

  • *OTC is cheaper alternative to a U.S. stock exchange listing. TEL AVIV, May 17- U.S. financial trading platform OTC Markets said it hopes to attract up to 18 Israeli companies this year, double the number last year, as they seek a cheaper alternative to listing on traditional exchanges such as Nasdaq. The average cost of listing on OTC is around $250,000, compared to...

  • LONDON, May 17- Below is a list of countries that are rated triple-A, the highest grade, by at least two of the three big credit rating agencies, Standard& Poor's, Moody's and Fitch. S&P kept a' negative outlook' on Australia's triple-A rating on Wednesday. S&P Moody's Fitch Australia AAA negative Aaa stable AAA stable Canada AAA stable Aaa stable AAA stable Denmark AAA...

  • NYSE has said NYSE American will have a similar model as IEX Group's Investors' Exchange, including a 350- microsecond delay, except it will have electronic market makers with obligations to ease the trading of NYSE American-listed stocks. IEX has a market share of 2.33 percent of U.S. stock trading, while NYSE MKT has a share of 0.19 percent so far this month,...

  • NEW YORK, May 16- Nasdaq Inc on Tuesday launched a service to help fund managers and quantitative traders better use data from social media, central bank announcements, retail sentiment and other sources to improve trading profits. The Nasdaq Analytics Hub will use machine intelligence, a subset of artificial intelligence, to derive signals from end-of-day...

  • SAO PAULO, May 12- B3 Bolsa Balcão Brasil SA, Brazil's largest exchange operator, posted a 56 percent drop in quarterly net income on Friday due to the costs of a merger creating the company out of rivals BM&FBovespa SA and Cetip SA Mercados Organizados. Net profit fell from a year earlier to 209 million reais, far below a Thomson Reuters consensus of 504 million...

  • CHINA TO ALLOW FOREIGN-OWNED FINANCIAL SERVICES FIRMS IN CHINA TO PROVIDE CREDIT RATING SERVICES BY JULY 16- ROSS.

  • *HKEx mainland China platform not operating yet. QIANHAI, China, May 11- The head of Hong Kong Exchanges and Clearing said the bourse's upcoming commodity platform in mainland China would support futures trading at other Chinese exchanges. The spot trading platform is expected to be used in metals such as copper and nickel and is the HKEx's biggest attempt to...

  • *HKEx mainland China platform not operating yet. QIANHAI, China, May 11- The head of Hong Kong Exchanges and Clearing said the bourse's upcoming commodity platform in mainland China would support futures trading at other Chinese exchanges. The spot trading platform is expected to be used in metals such as copper and nickel and is the HKEx's biggest attempt to...