China tripled its stamp tax on stock trading to 0.3 percent from 0.1 percent, triggering a reversal in the US stock market and carry trades. With the Shanghai index hitting another record high last night, the latest move by the government is seen as a bid to clamp down on the overheated market. The hope is that the stamp tax will reduce the amount of trading, but with a tax of 3 in a thousand,
SEC Chairman Comments on Exchange Mergers
The big mergers planned by the New York Stock Exchange and the Nasdaq Stock Market will give them dominance in stock trading but likely will not hurt competition, the government's top securities regulator said Thursday.
Bebe Stores' execs adopt insider trading plan
Officers and directors at Bebe Stores Inc. have adopted a stock trading plan according to insider trading regulations.
Stock trading in export oil in rubles to start in 2008
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