Industry News

Parke Bancorp Inc declared on Wednesday that it will pay a dividend of USD0.08 per share. All stockholders of record as of the close of business on 14 October 2016 will receive the dividend payment on 31 October 2016.. Parke Bancorp and its subsidiary bank, Parke Bank conducts business through its branches in New Jersey and Philadelphia and is a full service commercial bank, with an emphasis on providing personal and business financial services in New Jersey and Philadelphia and..."/>
Parke Bancorp announces dividend of USD0.08 per share
Great Southern Bancorp Inc announced on Wednesday that its board of directors authorised a common stock dividend of USD0.22 per share for the third quarter of the calendar year ending 31 December 2016.. This 107th consecutive dividend will be paid on 13 October 2016 to shareholders of record on 3 October 2016.. With total assets of USD4.4bn, Great Southern Bancorp is the holding company for Great Southern Bank that offers banking and investment services."/>
Great Southern Bancorp to pay USD0.22 per share dividend for Q3 2016
MSCI Inc. announced today that Laurent Seyer has been named Chief Client Officer, a newly created role. Seyer, who has served as Global Head of Client Coverage since joining MSCI in 2014, will now oversee all of MSCI’ s go-to-market functions, including client coverage, marketing and corporate communications. Among other responsibilities, he will lead the company’ s outreach to clients and prospects, sales and marketing strategy, and client service."/>
MSCI Names Laurent Seyer Chief Client Officer
Virtus Global Multi-Sector Income Fund declared on Wednesday that it will pay monthly distributions of USD0.156 per share for October and November 2016.. All shareholders of record dates on 13 October and 14 November 2016 will be paid the distributions on 20 October and 21 November and the ex-distribution dates are 11 October and 9 November 2016.. A diversified closed-end fund, the Virtus Global Multi-Sector Income Fund seeks to maximise current income while preserving..."/>
Virtus Global Multi-Sector Income Fund announces distributions of USD0.156 per share for October and November 2016
Virtus Total Return Fund disclosed on Wednesday that it will pay a distribution of USD0.10 per share for the third quarter of 2016.. With an ex-distribution date of 11 October 2016, the dividend will be paid on 20 October 2016 to shareholders of record on 13 October 2016.. A diversified closed-end fund, Virtus Total Return seeks total return that comprises both capital appreciation and current income."/>
Virtus Total Return Fund announces distribution of USD0.10 per share for Q3 2016
AU Financiers plans share sale in 2017 [Mint, New Delhi]
HDFC Bank Ltd, the largest private sector bank in India, was India's most valuable brand for the third successive year, and emerged on top of the BrandZ Top 50 Most Valuable Indian Brands ranking released by WPP Group and Kantar Millward Brown. HDFC Bank was also the only Indian brand in the BrandZ top 100 most valuable global brands list released in June. The total brand value of the top 50 brands in India declined by 2%, primarily due to a decline in the brand value of..."/>
HDFC Bank is still India's most valuable brand: Brandz ranking [Mint, New Delhi]
Edelweiss Financial Services Ltd has agreed to acquire Ambit Investment Advisors' flagship hedge fund Ambit Alpha Fund with an AUM of over Rs.1, 100 crore, as per a statement. The deal size was not disclosed. With the transaction, which is subject to due diligence and requisite regulatory approvals, Edelweiss will be its new investment manager."/>
Edelweiss Group to acquire Ambit Alpha Fund [Mint, New Delhi]
Countdown to "Think Asia, Think Hong Kong" in Germany Next Week
Moody's Investors Service in a report. "Growth in the Islamic banking sector continues to broadly outpace that of conventional banks in most systems in which Islamic banks have been established," says Khalid Howladar, global head of Islamic finance at Moody's. "This is driven by strong retail demand and proactive government..."/>
Prospects remain robust for Islamic finance [Arab News, Jeddah, Saudi Arabia]
Nasdaq, Inc. and the Tokyo Commodity Exchange today announced the successful go-live of TOCOM’ s new trading system, which is powered by Nasdaq’ s Genium INET technology, as well as Nasdaq Pre-Trade Risk and SMARTS Market Surveillance solutions. The new system is now fully integrated with the Osaka Exchange’ s derivatives trading system, which also runs on the same Nasdaq trading technology. This approach of a mutually-shared trading system between..."/>
Tokyo Commodity Exchange (TOCOM) Goes Live on Nasdaq Trading Technology
Tetragon Financial Group Master Fund Limited.. Net Asset Value Estimates as of 31 August 2016."/>
Tetragon Financial Group Limited ("TFG") Monthly Update For August 2016
Statoil ASA regarding the Dividend Issue for the first quarter 2016.. The subscription period expired on 9 September 2016 and subscriptions were made for a total of 19,969,275 Dividend Shares in the Dividend Issue, reducing the dividend payable by approximately USD 309 million for the Company. Approximately 45% of shareholders' total net dividend have been used to subscribe for shares in the Dividend Issue."/>
Statoil ASA: Result of the Dividend Issue for the first quarter 2016
Statoil ASA on 23 May 2016 regarding the participation by the primary insiders in the dividend issues under the scrip dividend programme. The following oveview sets out the number of Dividend Shares allocated to the primary insiders in the Dividend Issue for the first quarter 2016:* Wenche Agerup, member of the board of directors, has been allocated 35 Dividend Shares in the Dividend Issue. Following the completion of the Dividend Issue,..."/>
Statoil ASA: Allocation of Dividend Shares to primary insiders
Max Financial Services Ltd, which owns Max Life Insurance, is currently seeking votes from its minority shareholders on the non-compete..."/>
HDFC Life-Max merger deal: Amfi warns mutual funds on non-compete fee payment [Mint, New Delhi]
Essel Propack Ltd has acquired the remaining 75.1% stake in its joint venture Essel Deutschland Germany, the company said in a statement. Essel earlier held a 24.9% stake in the German firm, which will now become a wholly owned business. EDG, which makes laminated tubes mainly for the cosmetic and food industries across Europe, posted net sales of $40 million in fiscal 2016.."/>
Essel Propack buys remaining stake in German venture [Mint, New Delhi]
Orient Paper and Industries Ltd decided to demerge its electrical appliances division to unlock shareholder value, a top official said. Last week, the CK Birla group company said it will separate its paper and appliance businesses and raise Rs50 crore through a rights issue to repay loans. "The earlier conglomerate model of running multiple businesses under one company does not get you fair valuation," said managing director Manohar Lal Pachisia said in an..."/>
Orient Paper to demerge electrical appliances division [Mint, New Delhi]

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