Thursday, 15 November 2012
Registered bond
Registered bond – A bond that is registered on the books of the issuing company in the name of the owner. It can be transferred only when endorsed by the registered owner.
Registered competitive market maker
Registered representative – The man or woman who serves the investor customersof a broker/dealer. In a NewYork Stock Exchange-member organization, a registered representative must meet the requirements of the exchange as to background and knowledgeof the securities business. Also known as a financial advisor or customer's broker.
Registered representative
Registered representative – The man or woman who serves the investor customersof a broker/dealer. In a NewYork Stock Exchange-member organization, a registered representative must meet the requirements of the exchange as to background and knowledgeof the securities business. Also known as a financial advisor or customer's broker.
Registrar
Registrar – Usually a trust company or bank charged with the responsibility of keeping record of the owners of a corporation's securities and preventing the issuance of more than the authorized amount.
Regular way delivery (RWD)
Regular way delivery – Unless otherwise specified, securities sold on the New York Stock Exchange are to be delivered to the buying broker by the selling broker and payment made to the selling broker by the buyingbroker on the third business day after the transaction. Regular way delivery for bonds is the following business day
Regulation T
Regulation T – The federal regulation governing the amount of credit that may beadvanced by brokers and dealers to customers for the purchase of securities.
Regulation U
Regulation U – The federal regulation governing the amount of credit that may beadvanced by banks to customers for the purchase of listed stocks
Wednesday, 14 November 2012
Ghana holds rate, sees balanced inflation, growth risks
The central bank of Ghana held its policy rate unchanged at 15.0 percent, saying the risks to inflation and growth were balanced despite the worsening in global economic conditions and uncertainties that could adversely affect the country's economy if prolonged.
The Bank of Ghana, which has raised its rate by 250 basis points this year, said the domestic economy had improved in the third quarter and inflationary expectations had diminished.
"The bank's inflation forecast indicates that inflation has been well anchored within the projected band of 8.5, plus/minus 2 percent and islikely to end the year in a single digit," the bank said.
Ghana's headline inflation eased to 9.4 percent in September from 9.5 percent in August, with food inflation stable at 4.4 percent, the bank said.
Second quarter Gross Domestic Product growth was estimated at 2.5 percent, down from 20.6 percent in the same 2011 quarter, mainly due to the base effects from the addition of oil, the bank said.
The bank added that exchange rate pressures, which threatened the economy's stability and boosted inflation in the first half of the year, have eased and in the past two months the cede currency had appreciated marginally against the U.S. dollar, helping lower inflation expectations.
www.CentralBankNews.info
The Bank of Ghana, which has raised its rate by 250 basis points this year, said the domestic economy had improved in the third quarter and inflationary expectations had diminished.
"The bank's inflation forecast indicates that inflation has been well anchored within the projected band of 8.5, plus/minus 2 percent and islikely to end the year in a single digit," the bank said.
Ghana's headline inflation eased to 9.4 percent in September from 9.5 percent in August, with food inflation stable at 4.4 percent, the bank said.
Second quarter Gross Domestic Product growth was estimated at 2.5 percent, down from 20.6 percent in the same 2011 quarter, mainly due to the base effects from the addition of oil, the bank said.
The bank added that exchange rate pressures, which threatened the economy's stability and boosted inflation in the first half of the year, have eased and in the past two months the cede currency had appreciated marginally against the U.S. dollar, helping lower inflation expectations.
www.CentralBankNews.info
Ghana holds rate, sees balanced inflation, growth risks
The central bank of Ghana held its policy rate unchanged at 15.0 percent, saying the risks to inflation and growth were balanced despite the worsening in global economic conditions and uncertainties that could adversely affect the country's economy if prolonged.
The Bank of Ghana, which has raised its rate by 250 basis points this year, said the domestic economy had improved in the third quarter and inflationary expectations had diminished.
"The bank's inflation forecast indicates that inflation has been well anchored within the projected band of 8.5, plus/minus 2 percent and islikely to end the year in a single digit," the bank said.
Ghana's headline inflation eased to 9.4 percent in September from 9.5 percent in August, with food inflation stable at 4.4 percent, the bank said.
Second quarter Gross Domestic Product growth was estimated at 2.5 percent, down from 20.6 percent in the same 2011 quarter, mainly due to the base effects from the addition of oil, the bank said.
The bank added that exchange rate pressures, which threatened the economy's stability and boosted inflation in the first half of the year, have eased and in the past two months the cede currency had appreciated marginally against the U.S. dollar, helping lower inflation expectations.
www.CentralBankNews.info
The Bank of Ghana, which has raised its rate by 250 basis points this year, said the domestic economy had improved in the third quarter and inflationary expectations had diminished.
"The bank's inflation forecast indicates that inflation has been well anchored within the projected band of 8.5, plus/minus 2 percent and islikely to end the year in a single digit," the bank said.
Ghana's headline inflation eased to 9.4 percent in September from 9.5 percent in August, with food inflation stable at 4.4 percent, the bank said.
Second quarter Gross Domestic Product growth was estimated at 2.5 percent, down from 20.6 percent in the same 2011 quarter, mainly due to the base effects from the addition of oil, the bank said.
The bank added that exchange rate pressures, which threatened the economy's stability and boosted inflation in the first half of the year, have eased and in the past two months the cede currency had appreciated marginally against the U.S. dollar, helping lower inflation expectations.
www.CentralBankNews.info
Goldman Sachs to wind down South Korea asset management unit
US based investment banking and securities firm Goldman Sachs Group is considering to shut down its South Korean asset management unit in the nextsix months.
A London-based spokesman for Goldman Sachs Asset Management Niklas Ekholm said in a statement, "Our expectations for the local Korean asset management business have not been met."
The bank, which launched its asset management business five years ago, said that severe competition and dominance of local companies have reduced theprofit margins in the country.
Approximately 40 members currently employed at the Korean unit may be absorbed in other divisions of the firm, according to the company's Hong Kong-based spokesman.
The bank will continue offering funds to Korean investors.
The Korean asset management unit has nearly$4bn under management, most of which are from institutional investors.
A London-based spokesman for Goldman Sachs Asset Management Niklas Ekholm said in a statement, "Our expectations for the local Korean asset management business have not been met."
The bank, which launched its asset management business five years ago, said that severe competition and dominance of local companies have reduced theprofit margins in the country.
Approximately 40 members currently employed at the Korean unit may be absorbed in other divisions of the firm, according to the company's Hong Kong-based spokesman.
The bank will continue offering funds to Korean investors.
The Korean asset management unit has nearly$4bn under management, most of which are from institutional investors.
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