Friday 24 November 2017

In Brief: Cantor Fitzgerald gets bond approval

Cantor Fitzgerald, the company that lost two-thirds of its workforce in the September 11 attacks, has said that the National Treasury Management Agency has recognised the firm as a primary dealer in Irish government bonds.

Cantor Fitzgerald has been one of 21 primary dealers in the US since 2006. "We are delighted to partner with the NTMA and the Irish Stock Exchange as a primary dealer in Irish government bonds and look forward to making a strong contribution to their global distribution," said Cantor's Irish boss Shawn Matthews.

PASSENGER FIGURES UP 9pc AT DUBLIN

Passenger numbers at Dublin Airport exceeded 1.8 million in May – a 9pc increase when compared to last year, according to the Dublin Airport Authority (DAA).

Passenger volumes to and from continental Europe rose by 10pc, with more than one million passengers travelling to European destinations last month. UK traffic was up by 4pc, with 608,000 passengers travelling in May. Passenger volumes to and from North America grew by 18pc. More than 7.3 million passengers have used Dublin Airport in the first five months of this year, up 4pc on the same period in 2012, the DAA added.

KENYAN DEMAND 'IS NOT JUSTIFIED'

Kenya's demand for payments to allow a transfer of Cove Energy oil and gas assets is not justified as the firm has not benefited from exploration spending that is yet to lead to a discovery, former chairman Michael Blaha has said.

The East African country last year blocked a transfer of stakes in seven deepwater exploration licences to PTT Exploration & Production, which paid $1.9bn (€1.4bn) for London-based Cove, a partner in projects led by BG and Anadarko Petroleum.

BANK STICKS TO EX-CHIEF'S STRATEGY

Raiffeisen Bank, the Austrian lender that's the second largest in eastern Europe, said it wouldn't depart from the strategy of its fallen chief executive as Herbert Stepic.

The supervisory board, led by main shareholder Walter Rothensteiner, accepted 66-year-old Mr Stepic's offer to resign after four decades at the bank over an offshore account affair and named his deputy, Karl Sevelda (63) to succeed him. Mr Sevelda is taking on the role immediately and has been appointed for four years, Mr Rothensteiner told reporters at RZB's Vienna headquarters. "The new chapter we're opening today is marked by continuity," he added.

Irish Independent

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