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    News and Articles on Financial Instrument

    Archives: Financial Instrument

    Best way to invest RM50,000 now  Jan 3, 2009
    There are a number of financial instruments that yield higher than the fixed deposit and give a reasonable return of 7%9% a year ... The financial instrument to achieve this would be unit trusts of different asset classes. (The Star Online, Malaysia -- Business)

    Telstra redress not a priority  Dec 22, 2008
    Hmmm, I think Telstra's directors should be focussing on creating a world-class service-oriented telco rather than building an enigmatic black-box financial instrument that just prints money rather than delivers services. Telstra: you're not adding value, you're just in the way of Australia's digital future. (The Australian)

    High River Gold Reports Third Quarter 2008 Results  Dec 19, 2008
    Source: High River Gold Mines Ltd.. TORONTO, ONTARIO--(Marketwire - Dec. 18, 2008). (CCNMatthews Press Releases)

    Govt nod for FDI via warrants may go  Dec 16, 2008
    A warrant is a financial instrument that allows the holder to buy shares of a company at a pre-determined price and within a specified period. Warrants are popular with Indian companies as these can be attached to convertible bonds or preferred stock and carry lower interest rates or dividends. (India Times)

    Harry Winston Diamond Corporation Announces Third Quarter Fiscal 2009 Results  Dec 11, 2008
    Financial Instruments. Effective February 1, 2008, the Company adopted new accounting recommendations from the CICA, Handbook Section 3862, "Financial Instruments - Disclosures" and Handbook Section 3863, "Financial Instruments - Presentation" ... Section 3862 provides guidance on disclosure of risks associated with both recognized and unrecognized financial instruments and how the Company manages these risks. (PR Newswire)

    Port Authority presents green policies  Dec 5, 2008
    An offset is a financial instrument that represents the avoidance of one metric ton of carbon dioxide. The agency will offset greenhouse gas emissions it cannot reduce through its various energy efficiency projects by purchasing carbon offsets, which are sold in the U.S. voluntary market. (Queens Chronicle, NY)

    Microfinance Still Hums, Despite Global Financial Crisis  Dec 4, 2008
    TIME: What prompted the development of a financial instrument like micro-insurance, and what's the broader impact of new financial instruments aimed at the world's unbanked. Iskenderian: Product diversification came out of a recognition that lending alone is not the solution if our end goal is long-term poverty alleviation, which is why we in the industry no longer talk about microcredit, but microfinance. (Time.com)

    Bankrupt water plan costs more than money  Nov 30, 2008
    Untroubled by this, Brumby wants to trade this virtual water through a system of water derivatives, which evoke eerie echoes of the financial instruments that have brought the US economy and the rest of the world to the brink of depression ... As Senator Heffernan said in the Senate last week in support of an amendment to stop the north-south pipeline from taking water from the basin in a bill setting up the new Murray-Darling Basin Water Authority: "How stupid is it that we allowed the... (Sydney Morning Herald -- Business)

    SUBVERSE: Profit for all  Nov 27, 2008
    Importantly, it was the rapid circulation and recirculation of the same financial instrument fashioned by cutting-edge designers of capitalism without any proportionate increase in actual production or output which caused the house of cards to come tumbling down. The collapse of a dominantly capitalist system, especially with weak social welfare support, may adversely impact affluent beneficiaries of that system more because marginal sections have gained little during the good times and hence... (India Times, India)

    Citi's woes reflect depth of crisis  Nov 24, 2008
    Reporter Mark Trumbull describes one particular financial instrument that may be causing problems for US banking giant Citibank. The travails of Citigroup point to a challenge that goes beyond the survival of one of the world's largest banks: Government actions have so far failed to contain the problems shaking the financial industry. (Christian Science Monitor -- USA)

    Extending Home Buyers Scheme Good For Oz Economy  Nov 24, 2008
    It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. (FN Arena News)

    Card crime jumps, so don't get caught  Nov 21, 2008
    You should have a different PIN for each financial instrument or channel, such as your debit card, credit card and internet banking. As with passwords, it doesn't hurt to change your PIN occasionally. (Sydney Morning Herald -- Business)

    The downside of the fish stock market  Nov 20, 2008
    But, for some inextricable reason, the Pacific Council thumbed its nose at the law and is proceeding with a flawed catch-share program that is as complex as any Wall Street financial instrument. Fishery managers would do well to follow the direction of Congress and heed the advise of the General Accounting Office, which found "[S]everal methods are available for protecting the viability of fishing communities ... . The easiest and most direct way is to allow communities to hold harvesting quota... (San Francisco Chronicle -- Opinion)

    RAM: Local sukuk market may post double-digit growth  Nov 18, 2008
    The sukuk is an Islamic financial instrument that is equivalent to a bond in conventional banking. RAM Ratings managing director Wong Fook Wah said Asian capital markets, including Malaysia, were clearly less exposed to the US banking and housing debt crisis and, therefore, would suffer less. (The Star Online, Malaysia -- Business)

    Welton Energy Corporation Announces Third Quarter Operational and Financial Results  Nov 15, 2008
    Changes in Accounting Policies - Financial Instruments ... - Financial Instruments - Disclosure and Presentation ... Effective January 1, 2008 Welton adopted CICA Handbook Sections 3862 "Financial Instruments - Disclosures" and 3863 "Financial Instruments - Presentation", which replaced CICA section 3861 "Financial Instruments - Disclosure and Presentation". (CCNMatthews Press Releases)

    Deepwell Announces Financial Results for the Three Months and Nine Months Ended September 30, 2008  Nov 15, 2008
    Financial instruments. All of the Trust's financial instruments as at September 30, 2008 relate to standard working capital and credit facility items ... There are no significant differences between the carrying value of these financial instruments and their estimated fair values. (CCNMatthews Press Releases)

    Mexico hedges to protect oil revenues  Nov 15, 2008
    Mexico revealed on Thursday it had built a massive position in oil put options, a financial instrument that gives holders the right to sell at a predetermined price and date, in an effort to lock in its oil revenues for next year. Agustn Carstens, the countrys finance minister, said Mexico bought 330m barrels worth of put options for 2009, securing a minimum price of $70 for the countrys crude oil export mix, which roughly translates to $85 for the West Texas Intermediate... (FT.com -- Markets)

    BioFuel Reports Third Quarter Results  Nov 14, 2008
    Contact: Kelly G. Maguire For more information: Vice President - Finance & Chief Financial Officer (303) 640-6500 BioFuel Energy Corp. (in thousands, except per share amounts) Three Months Ended Nine Months Ended Summary Income Statement September 30, September 30, (unaudited) 2008 2007 2008 2007 Net sales $90,549 $- $90,841 $- Cost of goods sold 103,765 - 104,021 - Gross profit (loss) (13,216) - (13,180) - Selling, general and administrative expenses: Compensation expense 1,115 1,395 6,560... (PR Newswire)

    Canadian Hydro Announces Results for the Third Quarter Ended September 30, 2008  Nov 14, 2008
    ---------------------------------------------------------------------------- (in thousands of dollars) As at September 30, 2008 ---------------------------------------------------------------------------- Capital expenditure plans through 2012 1,274,120 Spent to date (622,720) ---------------------------------------------------------------------------- Remaining capital expenditures to be financed 651,400 Financed/to be financed by: Melancthon II and Blue River construction facilities 105,150... (CCNMatthews Press Releases)

    African Copper Nets US$4.75 Million From Sale of Copper Put Options  Nov 12, 2008
    These copper put options are purely a financial instrument to offer revenue protection and importantly are not dependent or tied to production from the Mowana mine. As copper traded above US$3/lb for the period April to September 2008, the put options for these periods were not exercised. (CCNMatthews Press Releases)

    Crocotta Energy Inc.: Q3 2008 Financial and Operating Results  Nov 12, 2008
    Financial Instruments. Effective January 1, 2008, the Company adopted CICA Handbook Section 3862, Financial Instruments - Disclosures and Section 3863, Financial Instruments - Presentation, which replaced Section 3861, Financial Instruments - Disclosure and Presentation ... Section 3862 outlines the disclosure requirements for financial instruments and non-financial derivatives. (CCNMatthews Press Releases)

    What's Good for GM is Good for Obama  Nov 11, 2008
    Although the move isn't illegal, some describe it as inappropriate and it provides an example of how these companies can profit several different ways from a financial instrument. Not only did Goldman make millions by bringing the bonds to market, it also put forth credit default swaps that are supposed to protect against a default, even though that almost never happens with municipal bonds. (Slate)

    Fairborne Energy Ltd. Reports Record Quarterly Production and Cash Flow  Nov 10, 2008
    FINANCIAL INSTRUMENTS - DISCLOSURES. On January 1, 2008, Fairborne adopted the new Canadian Institute of Chartered Accountants ("CICA") Handbook Section 3862 Financial Instruments - Disclosures which applies to both recognized and unrecognized financial instruments ... These disclosures, which include the nature and extent of risks arising from financial instruments, are included in Note 8 of the interim consolidated financial statements. (CCNMatthews Press Releases)

    Cinch Energy Corp. Releases Third Quarter 2008 Results  Nov 7, 2008
    Effective January 1, 2008 the Company adopted the CICA Handbook Section 1535, Capital Disclosures, Handbook Section 3862, Financial Instruments - Disclosures, Handbook Section 3863, Financial Instruments - Presentation and Handbook Section 1400, General Standards of Financial Statement Presentation ... The adoption of Sections 3862 and 3863 did not impact the classification and valuation of the Company's financial instruments due to the nature of the financial instruments recorded on the balance... (CCNMatthews Press Releases)

    TUSK Energy Corporation: Financial and Operating Results For the Three and Nine Months Ended September 30, 2008  Nov 7, 2008
    85 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Common Shares Outstanding Weighted average (#000s) 90,443 90,442 90,442 88,931 88,880 88,880 88,880 51,662 Period end (#000s) 90,444 90,442 90,442 90,442 88,880 88,880 88,880 88,880 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------... (CCNMatthews Press Releases)

    Alliance One International Reports Continued Improvement in Second Quarter and Six Month Financial Results  Nov 6, 2008
    1 million, driven by derivative financial instrument losses and reduced volumes, which were substantially offset by increased average sales prices ... 1 million derivative financial instruments loss compared to the prior year. (PR Newswire)

    For the record  Nov 6, 2008
    Fred Dewayne Roberts, 26, Marlin, Forgery financial instrument, MPD Bonner, Henderson Bail Bonds. Homer Solomon Jr, 49, Marlin, PI, MPD Aleman. (Marlin Democrat, TX)

    Delphi Energy Reports 44% Increase in Cash Flow on Record Production  Nov 6, 2008
    With respect to financial contracts, which are derivative financial instruments, management has elected not to use hedge accounting and consequently records the fair value of its natural gas financial contracts on the balance sheet at each reporting period with the change in the fair value being classified as unrealized gains and losses in the statement of earnings ... Financial Instruments ... Effective January 1, 2008 the Company adopted CICA section 3862 - Financial Instruments - Disclosure... (CCNMatthews Press Releases)

    Angle Announces 2008 Third Quarter Results  Nov 5, 2008
    The Canadian Institute of Chartered Accountants' ("CICA") Handbook Section 3862 requires the Company to increase the disclosure on the nature, extent and risk arising from financial instruments and how the Company manages those risks ... (a) Financial Instruments - Disclosure and Presentation ... Effective January 1, 2008, the Company adopted new Canadian financial instrument disclosure standards, which outline the disclosure requirements for financial instruments and non-financial derivatives. (CCNMatthews Press Releases)

    Resolve Business Outsourcing Income Fund Reports Its Third Quarter Results  Nov 5, 2008
    During the first quarter, the Fund adopted the new requirements of CICA 3862 - Financial Instruments Disclosure, CICA 1535 - Capital Disclosure and CICA 3031 - Inventory Disclosure, the impact of which has been enhanced disclosure as included below ... FINANCIAL INSTRUMENTS ... The Fund's financial instruments include cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, customer deposits, distributions payable to unitholders, foreign exchange contracts,... (CCNMatthews Press Releases)

    Northgate Reports Third Quarter 2008 Financial and Operating Results  Nov 4, 2008
    Financial Instruments: Northgate has exposure to credit risk, liquidity risk and market risk from its use of financial instruments. Credit Risk - Credit risk is the risk of potential loss to the Corporation if a customer or counterparty to a financial instrument fails to meet its contractual obligations ... Market Risk - Market risk is the risk that changes in market prices, such as commodity prices, foreign exchange rates and interest rates, will affect the Corporation's income or the value of... (Canada Newswire)

    Monterey Exploration Ltd. Announces Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2008  Nov 4, 2008
    57 Unrealized (gain) on financial instruments ($/boe) (14 ... (1) Includes gain or loss on financial instruments from commodity price hedging activities ... Operating income is calculated by deducting the sum of royalty, operating and transportation expenses from production revenue and gains or losses from financial instruments. (CCNMatthews Press Releases)

    Masters Energy Inc. Reports Third Quarter 2008 Interim Results  Nov 3, 2008
    Financial instruments. CICA handbook section 3862 requires the Company to increase the disclosure on the nature, extent and risk arising from the financial instruments and how the Company manages those risks ... (a) Financial Instruments - Disclosure and Presentation. (CCNMatthews Press Releases)

    10 comments  Nov 1, 2008
    It includes "any other financial instrument that the secretary, after consultation with the chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability ... ." This is the language used to justify government buying stakes even in financially sound banks. The language controlling what the government must do with these assets once it owns them gives great "flexibility" to the treasury secretary. (Human Events Online)

    Porsche outmanoeuvres the competition  Oct 31, 2008
    Unknown to most, it had quietly been amassing a stake in Volkswagen using a financial instrument called cash settled options - enough (on conversion) to increase its holding to 75 per cent.. This particular instrument, according to Porsche, at least, can be acquired without triggering any of the usual disclosure laws. (Sydney Morning Herald -- Business)

    NuVista Energy Ltd.: Third Quarter Interim Report 2008  Oct 31, 2008
    (b) Financial instruments - Effective January 1, 2008, NuVista adopted the new CICA accounting standard Section 3862, Financial Instruments Disclosures and Section 3863, Financial Instrument Presentation. These Sections require NuVista to increase disclosure on the nature, extent and risk arising from the financial instruments and how it manages those risks ... NUVISTA ENERGY LTD. Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings Three months Nine months ended... (CCNMatthews Press Releases)

    Fortis Earns $49 Million in the Third Quarter  Oct 31, 2008
    The forward-looking information in the MD&A includes, but is not limited to, statements regarding: that cash required to complete the consolidated capital expenditure program and to finance acquisitions is expected to be derived from a combination of borrowings under credit facilities and the issuance of common shares, preference shares and long-term debt; the Corporation's consolidated forecasted gross capital expenditures for 2008 and in total over the next five years and the Corporation's... (CCNMatthews Press Releases)

    Centerra Gold Reports Third Quarter Earnings of $0.08 Per Share  Oct 31, 2008
    See "Non-GAAP Measures below. (2) Unit costs reflect revenue-based taxes and royalties for the full year, as described above. In particular, material assumptions or factors used to forecast production and costs include the following: - a gold price of $800 per ounce, - exchange rates: - $1USD:$1.10CAD - $1USD:36 Kyrgyz Som - $1USD:1,150 Mongolian Tugrik - $1USD:0.65 Euro Centerra's revenues, earnings and cash flows for the fourth quarter of 2008 are sensitive to changes in certain variables and... (CCNMatthews Press Releases)

    Transcript of a Press Conference by IMF Chief Dominique Strauss-Kahn on the Launch of a New Lending Facility for Emerging Markets  Oct 31, 2008
    It's very difficult for a country to express a strong interest in a financial instrument that is not really designed and without knowing what will be exactly the parameters. But some countries did and I'm expecting that this facility will provide support to the countries which are directly concerned. (IMF News)

    RDU in deal with Lehman, looking into ways to get out  Oct 31, 2008
    The swap is a complex financial instrument that allowed the airport to lock in an interest rate of 4. 27 percent for $300 million worth of variable rate bonds issued in 2006. (Triangle Business Journal)

    Canfor Pulp Income Fund Announces Third Quarter 2008 Results  Oct 28, 2008
    Effective January 1, 2008, the Fund adopted the Canadian Institute of Chartered Accountants' new Handbook Sections; 1535 "Capital Disclosures", 3862 "Financial Instruments - Disclosures" and 3863 "Financial Instruments - Presentation". Handbook sections 3862 and 3863 replace section 3861 "Financial Instruments - Disclosure and Presentation" ... Section 3862 - Financial Instruments - Disclosures. (CCNMatthews Press Releases)

    When is it OK not to tip?  Oct 25, 2008
    Is NOT Tipping Ever Appropriate. Search for restaurants. (Atlanta Journal-Constitution)

    Downturn Impacts Interfor's Q3 Results  Oct 24, 2008
    On December 1, 2006, the Accounting Standards Board of the Canadian Institute of Chartered Accountants ("CICA") issued four new accounting standards, Handbook Section 1535, Capital Disclosures, Handbook Section 3031, Inventories, Handbook Section 3862, Financial Instruments - Disclosures, and Handbook Section 3863, Financial Instruments - Presentation ... Sections 3862 and 3863 replaced Handbook Section 3861, Financial Instruments - Disclosure and Presentation, revising and enhancing its... (CCNMatthews Press Releases)

    More of this story  Oct 23, 2008
    Gallup is of the opinion that more than one financial instrument may need to be considered, including the possibility of letters of credit ahead of time. There s the intricacies of that whole process that will have to hammered out, he said, but can we protect ourselves being the city. (Lake Wales News, FL)

    Allen Police Report Police Report  Oct 20, 2008
    Forgery Financial Instrument reported at 3:12 p.m. in the 100 block of W. Stacy Road. Theft reported at 4:27 p.m. in the 900 block of Shaddock Park Lane. (McKinney Courier-Gazette, TX)

    Former SEC chief rips agency on meltdown  Oct 17, 2008
    Indeed, Levitt acknowledged that in 1998, he opposed imposing rules on a type of obscure and extremely complicated financial instrument known as credit default swaps that are increasingly being blamed for igniting the crisis. He instead called at the time for establishing a clearing facility to keep better track of the swaps, but didn't seek to mandate one. (San Francisco Chronicle -- Crime)

    Make short-selling disclosure permanent: IFSA  Oct 16, 2008
    Investors profit from short-selling by selling a financial instrument they don't own, then at a later time buy it back at a cheaper price. We consider that the disclosure of all aggregate short sale positions directly to the market supervisor will promote market integrity and confidence, while also assisting the surveillance of the market,'' IFSA Deputy CEO John O'Shaughnessy said. (Sydney Morning Herald -- Business)

    A Bull Within A Bear  Oct 16, 2008
    Remember that in volatile economic times like these, it s important to invest with extreme caution -- that holds true for any financial instrument, including ETFs. Estate Planning Mistakes: Failing To Properly Use Life Insurance. (Human Events Online)

    The Derivatives Market Is Worth More Than the World's Total Wealth. Huh?  Oct 16, 2008
    A is a financial instrument whose value depends on something elsea share of stock, an interest rate, a foreign currency, or a barrel of oil, for example. One kind of derivative might be a contract that allows you to buy oil at a given price six months from now. (Slate)

    Pender: Feds finally get it  Oct 14, 2008
    That provision defines a "troubled security" as any "financial instrument," which, if purchased by the government, would promote financial market stability. "Such a program would be designed to encourage the raising of new private capital to complement public capital," Paulson said, adding that government shares would not have voting rights, except "to protect our rights as investors.". (San Francisco Chronicle -- Business)

    Lawmen make 12 weekday arrests (92)  Oct 14, 2008
    Patricia Ann Blunt, 56, Houston, was arrested by PLPD for forgery of a financial instrument. Leslie Allan Amason, 64, Seadrift, was arrested by Calhoun County Sheriff Office (CCSO) for public intoxication. (Port Lavaca Wave, TX)

    * FEATURE: How the little people got traded into oblivion in HK  Oct 13, 2008
    Tam, who dropped out of school and is barely literate, said he had never heard of Lehman Brothers when he was sold the so-called minibonds, a complex financial instrument linked to both bonds and derivatives. Even if he had, he would not have known that the US$600 billion Wall Street giant was behind what he had signed his life savings into. (Taipei Times, Taiwan -- World)

    Robert Tchenguiz dumps Whitbread  Oct 12, 2008
    CFDs are a financial instrument that allows investors to gain economic interest in a share at a fraction of the cost of buying the stock directly. After the Icelandic government nationalised Kaupthing last week, the bank was forced to unwind many of its positions in an effort to raise cash and boost its liquidity. (Times Online)

    Malawi: Green Belts to Boost Food Production  Oct 11, 2008
    Government has since acknowledged the risk of a major food crisis by considering the purchase of weather derivatives - a financial instrument backed by the World Bank - which means that if the country's rainfall dips below a certain level then it will get a pay-out. Relevant Links. (allAfrica.com)

    RPT-FEATURE-London barge-dwellers bank on each other  Oct 10, 2008
    In a gentle way, the community in the London borough of Southwark is also incubating an economic concept which, though simple, could be tougher for the "masters of the universe" to price than any financial instrument. "Time banking" is one alternative notion developed by Stephens' employer, an independently funded think-tank called the New Economics Foundation, which seeks to "inspire and demonstrate real economic well-being". (AlertNet)

    McCain, Palin: Throwing dirt  Oct 10, 2008
    Keith wrote on Oct 9, 2008 9:11 PM:" Mattb - If you still think Fannie and Freddie are responsible for the economic melt down please do a search for "CREDIT DEFAULT SWAP". This financial instrument is the big contributor to the crisis and is similar to an "INSURANCE POLICY". The primary difference is that it "ISN'T REGULATED" as an insurance policy is so the issuer had no requirement to hold a balancing asset portfolio as escrow for the policies. In other words, they took the money and ran. The... (Sioux City Journal, IO)

    Bush says anxiety feeding market instability  Oct 10, 2008
    The government is authorized under the law to buy "troubled assets."Those assets include mortgages, but according to the law, they may also include "any other financial instrument" that is "necessary to promote financial market stability ... ."It is the government's position that this authority extends to bank stocks. "The plan we are executing is aggressive. It is the right plan. It will take time to have its full impact. It is flexible enough to adapt as the situation changes. And it is big... (Fresno Bee -- Local)

    Plan B: Direct Cash Infusion To Banks?  Oct 10, 2008
    But the legislation approved last Friday also included authority to purchase "any other financial instrument . . . to promote financial market stability.". At a news conference on Wednesday, Paulson said the Emergency Economic Stabilization Act provided the authority "to inject capital into financial institutions.". (Investors Business Daily)

    Staring Into the Abyss  Oct 3, 2008
    If you own municipal bonds, high-yield closed-end funds, individual stocks, mutual funds, or just about any financial instrument, you'll likely be staring at some really big losses. These big losses are likely to lead to a wave of shareholder redemptions, as investors run for the exits. (Human Events Online)

    * Wealth fund debate continues  Oct 3, 2008
    Yin said a sovereign wealth fund was a state-owned financial instrument that could be used to advance domestic or overseas ambitions, but that it should not be funded from foreign exchange reserves. Yin said such a fund was desirable when looking to stabilize local markets and building the nation into a regional asset management center. (Taipei Times, Taiwan -- World)

    Fairfax County Faces Large Deficit, Severe Budget Constraints in Fiscal 2010  Oct 3, 2008
    People started using their house as a financial instrument, not a home. And lending practices were put in place that presumed the rise would never end. (South County Chronicle, VA)

    How the Bailout Is Like a Hedge Fund.  Oct 3, 2008
    But he can also invest in "any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability" (Section 3[9]B, Page 6). The manager then has the authority to manage the assets as he sees fit (Section 106[B], Page 22), collecting revenue streams, holding bonds to maturity, or flipping them for a quick profit (Section 106[c], Page 22). (Slate)

    EDF clinches $23-billion bid for British Energy  Sep 24, 2008
    EDF, the world's biggest producer of nuclear energy, said on Wednesday it was offering 774 pence per British Energy share, or an alternative of 700 pence in cash plus one nuclear power note, a financial instrument linked to BE's future performance. EDF, which predicted the deal would lead to cost savings of 200-million ($293-million U.S.) and lift group earnings in 2009, said it had got assurances from British Energy investors it would get at least 45. (Globe and Mail -- Business)

    Treasury chief Paulson on verge of historic new powers  Sep 23, 2008
    Under the proposal, the United States Treasury would have the power to buy virtually any financial instrument from any institution, as a means to relieve it of bad assets and pump credit back into the economy. New Treasury staff would help manage this program, although the administration foresees contracting with private firms to manage its new asset holdings. (Christian Science Monitor -- USA)

    India Hospitality Corp. Reports Financial Results as of March 31, 2008  Sep 23, 2008
    1 Overall considerations The Group has adopted for the first time IFRS 7 Financial Instruments: Disclosures in its 2007 consolidated financial statements ... 3 Adoption of IFRS 7 Financial Instruments: Disclosures IFRS 7 Financial Instruments: Disclosures is mandatory for all reporting periods beginning on 1 January 2007 or later ... The new Standard replaces and amends disclosure requirements previously set out in IAS 32 Financial Instruments: All disclosures relating to financial instruments... (PR Newswire)

    Bailout not much help for small Georgia banks  Sep 23, 2008
    The term "troubled assets" means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008, the purchase of which the Secretary determines promotes financial market stability; and, upon the determination of the Secretary in consultation with the Chairman of the Board of Governors of the Federal Reserve, any other financial instrument, the... (Atlanta Journal-Constitution -- Business)

    post a comment »  Sep 22, 2008
    Creating and selling a financial instrument without full disclosure of its contents and risks is surely illegal under SEC rules. Disclosure is also part of the American outlook to finance. (International Herald Tribune)

    Pure Play Music Information to be Available Through Standard & Poor's Market Access Program  Sep 22, 2008
    This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Contact. (Primezone Releases)

    Live the Digital Experience of Andicom 2008  Sep 18, 2008
    The Framework Programs (FP) has been the main financial instruments through which the EU supports research and development activities, covering all scientific disciplines ... The Framework Program (FP) has been the main financial instrument through which the EU supports the research and development activities, covering all scientific disciplines. (Yahoo! Wire -- Entertainment News)

    Fed stands pat, sending shaky markets retreating  Sep 17, 2008
    That's because AIG plays a critical role in the opaque and largely unregulated multitrillion-dollar market for a complex financial instrument known as credit default swaps - insurance contracts that protect investors against losses on bond defaults. As Fed policy makers began their meeting Tuesday, financial markets were going through a second day of turmoil. (International Herald Tribune -- Money Report)

    Oil sinks below US$100 as OPEC signals output steady  Sep 10, 2008
    " A stronger greenback makes dollar-priced oil more expensive for buyers using weaker currencies. "In the final analysis though, it is particpants' calculation that demand is shrinking and will continue to do so that has been driving the market lower, particularly since prices crossed the 118-120 dollar threshold," Fitzpatrick said. The crude oil price decline came despite weather forecasts that Hurricane Ike will enter the Gulf of Mexico, where a quarter of US oil is produced, on Tuesday.... (Channelnewsasia.com)

    /C O R R E C T I O N from source -- Major Drilling Group International Inc./  Sep 9, 2008
    CHANGES IN ACCOUNTING POLICIES ------------------------------ The Company adopted the Canadian Institute of Chartered Accountants ("CICA") Handbook Section 3031, Inventories, replacing Section 3030, Inventories, Section 3862, Financial Instruments - Disclosures, Section 3863, Financial Instruments - Presentation, and Section 1535, Capital Disclosures, on May 1, 2008 ... (see Note 6 - Inventory) Section 3862 on financial instruments disclosures, requires the disclosure of information about: a)... (Canada Newswire)

    Facing lawsuits in Erie and elsewhere, JPMorgan gets out of market for swaps  Sep 4, 2008
    JPMorgan Chase as stopped selling municipal securities known as interest-rate swaps the same type of financial instrument that is the subject of a federal lawsuit between the Erie School District, JPMorgan and a Philadelphia-area firm that was supposed to provide the district independent advice on a swap in 2003. The Bond Buyer, a national financial publication, first reported Wednesday that JPMorgan was getting out of the market for swaps, also known as swaptions. (Erie Times-News, PA)

    Cablemas 2Q08 Net Revenue and Adjusted EBITDA Up 14.1% and 6.1% YoY  Aug 29, 2008
    0 million in 2Q07, principally reflecting higher gains from financial instruments and monetary position ... 2 million financial instrument loss in 2Q08 compared with a Ps ... The non-monetary financial instruments loss was the result of the Company's hedging strategy. (PR Newswire)

    U.S. Mint Resumes Gold Coin Orders on Limited Basis  Aug 26, 2008
    The coins offer people an easy, tangible way to invest in the gold market, as opposed to buying an exchange-traded fund or other financial instrument. Coin dealers from the United States and Canada reported a surge in buying of bullion coins and other gold products since prices plummeted from highs last month, contributing to supply fears. (ABC News -- Wire)

    Police Reports  Aug 23, 2008
    8-13 Forgery Financial Instrument an unknown actor passed a check at Lowe s for 267 ... 8-13 Forgery Financial Instrument an unknown actor passed at check at Home Depot for 224. (McKinney Courier-Gazette, TX)

    Gold Disappointment For Australia  Aug 20, 2008
    It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. (FN Arena News)

    Report: TIFs confusing on tax bills  Aug 15, 2008
    TIF is a very complex public financial instrument, and methods to make it more understandable by the general public are always welcome, Biernacki said. The IDOR study outlines two suggestions for the General Assembly to act on. (DeKalb Daily Chronicle, IL)

    Turbo Power Systems Inc. Announces Its Results for the Six Months and Quarter Ended 30 June 2008  Aug 15, 2008
    Convertible notes are considered to be compound financial instruments, and the liability component and the equity component must be presented separately, as determined at initial recognition ... Financial instruments ... There has been no change in the classifications adopted by the Company regarding its financial instruments and full analysis is provided in the Company's financial statements for the year ended 31 December 2007. (CCNMatthews Press Releases)

    Anderson Energy Ltd. Announces 2008 Second Quarter Results  Aug 13, 2008
    On January 1, 2008, the Company also adopted the new Canadian standards for financial instruments: Section 3862 "Financial Instruments - Disclosures" and Section 3863 "Financial Instruments - Presentation", which apply to both recognized and unrecognized financial instruments. These disclosures include a discussion of the nature and extent of risks arising from financial instruments and are included in note 7 of the accompanying consolidated financial statements ... On January 1, 2008, the... (CCNMatthews Press Releases)

    Pure Energy-2008 Second Quarter Summary Financial Statements and M D & A  Aug 13, 2008
    PURE ENERGY SERVICES LTD. Consolidated Statements of Loss and Retained Earnings ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- (Unaudited, stated in thousands of dollars, except per share amounts) Three months ended Six months ended June 30, June 30, ---------------------------------------------------------------------------- 2008 2007 2008 2007... (CCNMatthews Press Releases)

    Crew Energy Issues 2008 Second Quarter Financial and Operating Results  Aug 11, 2008
    39 Realized loss on financial instruments 2 ... Financial Instruments ... ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Three Three Six Six months months months months ended ended ended ended June 30, June 30, June 30, June 30, ($ thousands) 2008 2007 2008 2007 ---------------------------------------------------------------------------- Realized loss on financial instruments (2,242) (68)... (CCNMatthews Press Releases)

    VeriSign Debuts Pump-and-Dump Protection  Aug 11, 2008
    But weighed against a number of other factors such as whether the user had traditionally bought and sold that particular stock or financial instrument; whether he or she had typically traded in the sector; whether a number of brokers from the same brokerage were buying the stock the VeriSign module decides whether or not to create a "case file" and automatically send out an alert that fraud might be taking place. "One of the reasons we're excited about this is the real-time alert capability,"... (Yahoo News -- Technology)

    Fortis Reports Second Quarter Earnings of $29 Million  Aug 8, 2008
    The factors which could cause results or events to differ from current expectations include, but are not limited to: regulation; operating and maintenance risks; natural gas prices and supply; economic conditions; weather and seasonality; interest rates; changes in tax legislation; derivative financial instruments and hedging; risks related to Terasen Gas (Vancouver Island) Inc.; capital resources; environment; insurance; licences and permits; energy prices and the cessation of the Niagara... (CCNMatthews Press Releases)

    Centerra Gold Reports Second Quarter Earnings (Before Unusual Items) of $0.06 Per Share  Jul 31, 2008
    Financial Instruments. Effective January 1, 2008, the Company adopted the new recommendations of CICA Handbook Section 3862, Financial Instruments - Disclosures; Section 3863, Financial Instruments - Presentation ... Section 3862 on financial instrument disclosures provides guidance on necessary disclosures in the financial statements. (CCNMatthews Press Releases)

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