Wall Street posted a gain of some 50 points last night as investors focused on earnings and talk of potential package of diplomatic measures

Crude Oil prices retreated in the session and the market took a higher than expected PPI number in its stride . »


Commerzbank AIS and CML end advisory agreement

Commerzbank Capital Markets Corporation and CML have mutually agreed to terminate the Sub Advisory Agreement whereby CML, via Philippe Bonnefoy, provided investment advice to Commerzbank's »


First State Investments closes resources fund to new business

The First State Investments Global Resources Long Short Fund Limited was soft closed to new business at the end of June 2006. »


INDEXCHANGE receives licence for ETF tracking the Nikkei 225

INDEXCHANGE has received a licence for an ETF on the Nikkei 225 and will be the first such provider outside Japan. »


Standard & Poor's expands Evaluated Pricing Services with key hire

Steven Harcourt has joined Standard & Poor's European Structured Finance team as Senior Structured Finance Evaluator. »


Cushman & Wakefield and BGC launch property derivatives JV

Cushman & Wakefield and inter-dealer broker BGC are entering the nascent property derivatives sector, providing strategic solutions to firms in the sector. »


BISYS acquires TIME Financial Services, Inc

BISYS has acquired TIME Financial Services, Inc, a Woodland Hills, CA-based planning and insurance consulting firm servicing US financial advisory firms. »


Spectrum Global Fund Administration strengthens team

Spectrum, a provider of middle office services and fund administration for hedge funds and funds of funds, has made four new hires. »


CFTC extends comment period on external Board of Trade definition

The US CFTC has extended until 1 August 2006, the comment period on what constitutes a 'board of trade, exchange, or market located outside the USA'. »


Dow Jones licences new Turkey index for ETF

Dow Jones Indexes has created a specialty Turkey index that will serve as the underlying for an ETF from Is Investment, the leading investment bank in Turkey. »


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