141 Exchange Invest Weekly Podcast April 30th, 2022

Transcript: This week in the parish of bourses and market structure:        We’ve got a Caribbean vibe as we’re recording out side from the beautiful by nature Turks and Caicos Islands. In the world of bourses charges laid in the holy hoax fiasco, DB1 post shockingly good results, and the IMF rebuke the LME.  My name is Patrick L. Young. Welcome to the bourse business weekly digest. It’s the Exchange Invest Weekly Podcast Episode 141. Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the week in market structure come to you from the frenetic Caribbean. All the analysis of the week’s many events and happenings can be found in Exchange Invest’s daily subscriber newsletter, the unique guide to the bourse business sent daily to your inbox. More details at ExchangeInvest.com. Russian companies must revoke foreign listings by May 5th, that’s what the Central Bank says after Vladimir Putin has signed a decree to remove Russian stocks from overseas exchanges.  Over in India, the CBI the chargesheet is out and former National Stock Exchange of India CEO Chitra Ramkrishna and Senior Official Anand Subramanian have both been charged as part of the holy hoax fiasco.  Elsewhere, Chitra Ramkrishna is predecessor Ravi Narain he is subject to a SEBI demand notice and has to pay up some 2 crore rupees from his pension fund.  The clear worry at this juncture is of course the SEBI knee jerk back into totalitarian control mode after what has been the embarrassment of letting their former poster child NSE off with a slap of the wrists while the media in search of the tabloid story hit paydirt (and they still probably don’t really feel sufficiently confident to report what was actually happening behind the scenes, I suspect).  Better news from Africa, after 8 years of patient waiting, the Angolan Exchange is going to get its first IPO.  Over in Sri Lanka, stocks plunged when the stock market finally reopened this week after a period of 5 days closed. The total reopening lasted barely 32 minutes before trading was halted. Sri Lanka and Nepal are just two countries that appear outliers right now with massive financial difficulties but I don’t think they will feel better when a fair few other nations catch them up in the next few months.  Brexit news this week: Britain says the European Union will struggle to shift Euro clearing from London. #Obvs really?…after all we were told this would have happened by now by the EU shills, but in reality, it won’t. The problem is the European Union viewing the Euro in isolation and not in portfolio balance harmony with the rest of the world’s currencies. Results: it was a frenetic week for results in the parish, all the deals were in Exchange Invest daily, the newsletter no person can afford to be without in capital markets and market structure. For the sake of this podcast, let’s look at some edited highlights. NASDAQ announced 11% increase in quarterly dividend and t...