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July 27, 2007

SECP finalises draft to bring in REITs as alternative asset class

ISLAMABAD (July 27 2007): Pakistan corporate regulator plans to introduce a specialised mutual fund to help regulate the real estate business by bringing it under the umbrella of stock trading, said a top official.

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ChoicePoint Inc. fetches high purchase price

ATLANTA - ChoicePoint Inc., a 1997 spin-off of credit agency Equifax Inc., is being acquired by the parent of LexisNexis Group in a cash deal worth $3.6 billion. That is a big premium for a firm that has weathered an embarrassing breach of its database, federal investigations, and a stock-trading probe of its top two executives.

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UPDATE: SEC Approves Delay Of Some New Trading Rules

WASHINGTON -(Dow Jones)- The Securities and Exchange Commission has given exchanges and other firms more time comply with some new trading rules, saying that the delay is needed to provide additional time for the securities industry to complete the rollout of new or modified trading systems.

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Japan's main stock index plunges to 2-year low on US economic concerns, strong yen

Japan's stock market plunged to its lowest in more than two years Wednesday as investors fretted about an overnight dive on Wall Street amid a growing conviction that the U.S. is headed toward a recession.

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