Australia opened the second Stock Exchange

Viliyana Filipova — Wed, 24 Mar 2010 21:45:10 +0000

Australia ended the monopoly of the stock exchange, permitting the creation of a second exchange for trading in shares in the country. Authorization is granted to Japan’s Nomura, but its purpose is to create competition to help develop the market. Among the main priorities of Australia has become the local stock market in the center of financial services in Asia-Pacific region, said Finance Minister Chris Bowen of the country, quoted by AP. According to him, higher competition should lead to cost reductions of about 6 million Australian citizens who have contributions to pension funds. “If Australia really wants to be considered a financial center if we are to global center for financial services, the monopoly days of our financial market must be completed,” said Bowen. Authorization for establishing a second exchange in the country is a company of Chi-X Global, which is part of network of Nomura Holdings.
The company operates the exchanges in Europe and Canada.

Mayor of London warned bankers for unexpected risks from Switzerland

Viliyana Filipova — Sat, 30 Jan 2010 16:54:59 +0000

The Mayor of London Boris Johnson warned the bankers to stay in the City of London, warning that the temptation to move to Switzerland to them face unexpected risks, officials said. “I am told that there are some parts of the canton of Bern, where men are not allowed to urinate made after 10 o’clock at night so as not to disturb their neighbors,” Johnson told a reception organized by the Japanese investment bank Nomura in the ski resort of Davos, which is currently being held traditional World Economic Forum. His comments in the room full of bankers, were made on the news that some hedge funds and investment bankers leave London and move to Switzerland to avoid the EU regulations or imposed in the UK tax revenue over a specified amount and on bonuses. “Time is the master of the universe to show that they can be both servants of society,” said Johnson, a former journalist and a frequent guest on satirical TV shows.
Moreover, Johnson has warned bankers that they have greater chances of survival in London than in New York. “Although the murders in New York are at their lowest level for all times, however, there are three times more likely to be killed in New York than in London, says London mayor.

Financial Communique » Nomura

Australia opened the second Stock Exchange

Mayor of London warned bankers for unexpected risks from Switzerland