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July 12, 2007

Stock up 1.3%, despite capital diversion to new shares

Chinese stock trading went smoothly today and prices ended up 1.3 percent. The Shanghai Composite Index finished at 3,915.99, up 50.27 points. Total turnover of stocks on the major indices was 102 billion yuan, higher than the 99 billion yuan of yesterday, or the smallest in four months.

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Exchanges mark Ford's death with January 2 close

The major U.S. stock exchanges will be closed on Tuesday, January 2 to mark the death of former President Gerald Ford, leaving stock trading suspended for an unusually long four consecutive days.

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OSC rejects settlement with Melnyk

The Ontario Securities Commission has rejected a proposed settlement with Biovail chairman Eugene Melnyk for alleged violations of stock trading rules.

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PRESIDENTIAL OFFICE TO HAND OVER PROBE RESULTS TO PROSECUTION MONDAY

Taipei, Nov. 13 (CNA) The Presidential Office's administrative investigation report on former Deputy Secretary General Chen Che-nan's dubious stock trading behavior will be handed over to the prosecution Monday, a presidential spokesman said Sunday.

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