SEOUL, March 12 (Korea Bizwire) – Commission income and asset sales boosted net profit for South Korean credit card companies in 2014, the financial watchdog said Thursday. The combined net earnings of eight credit card firms stood at 1.8 trillion won (US$1.6 billion) last year, up 5 percent from the previous year, according to the [...]
BOCA RATON, Fla., Mar. 11 (Korea Bizwire) — OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, and Nasdaq today announced that OptionsCity is a preferred independent software vendor for Nasdaq Futures (NFX), the exchange group’s U.S. based designated contract market (DCM). Through NFX, Nasdaq will expand its commodities [...]
BOCA RATON, Fla., Mar. 11 (Korea Bizwire) — Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, and Nasdaq today announced that TT will introduce connectivity to Nasdaq Futures (NFX), the exchange group’s U.S.-based designated contract market (DCM), on day-one of trading through both its TT and X_TRADER(R) platforms. Through NFX, [...]
BOCA RATON, Fla., Mar. 11 (Korea Bizwire) — Nasdaq announced the establishment of a new energy futures market with the support of leading commodities participants. Nasdaq Futures (NFX) will offer competitive pricing, an innovative clearing solution and high-performance technology for futures and options based on key energy benchmarks including oil, natural gas and US power, [...]
SEOUL, Mar. 11 (Korea Bizwire) — Loans extended by South Korean banks to companies using their high-level technologies as collateral have soared 70-fold in the past seven months on a strong drive by the government, industry data showed Wednesday, spawning concerns that a huge chunk of such loans could turn sour, thus undermining lenders’ financial [...]
SEOUL, March 11 (Korea Bizwire) – Household loan growth at South Korean banks more than doubled in February from a month earlier on robust property transactions and solid demand for loans amid low interest rates, central bank data showed Wednesday. Household loans, which include mortgage lending, extended by local lenders reached 566 trillion won (US$503 [...]
SEOUL, Mar. 10 (Korea Bizwire) — Local private equity funds (PEFs) saw their combined assets under management soar more than 100-fold in the past 10 years as they have successfully attracted investors seeking higher investment returns, the financial watchdog said Tuesday. A total of 51.2 trillion won (US$45.9 billion) in assets were under management by [...]
TORONTO, ONTARIO, Mar. 6 (Korea Bizwire) – BMO Financial Group (TSX: BMO)(NYSE: BMO) today announced that it has mailed its 2015 Notice of Annual Meeting of Shareholders and Management Proxy Circular to common shareholders of Bank of Montreal. BMO’s Annual Meeting of Shareholders will be held at the BMO Institute For Learning, in Toronto, on [...]
SEOUL, March 8 (Korea Bizwire) – South Korea’s weighty corporations will hold their shareholders meetings starting this week, where minority stake owners and the national pension fund operator are expected to gain a bigger voice, market watchers said Sunday. The assembly for shareholders began last month, but big-name companies, including Samsung Group and Hyundai Motor [...]
SEOUL, Mar. 6 (Korea Bizwire) — South Korean institutions’ investments in foreign securities grew at the fastest pace since 2007 last year on a rise in massive buying of foreign bonds and so-called Korean paper, central bank data showed Friday. The outstanding value of foreign securities held by institutional investors jumped by US$20.9 billion in [...]