Finance

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Putting the world’s agriculture markets at your command

Changing agriculture markets create new opportunities. Are you going to see and seize them first? With Thomson Reuters Eikon, you will see further, know earlier and act quicker. From news to analysis, from fundamentals to forecasts, it brings together all the relevant information you need in a single intuitive desktop so you can grasp exactly where the market is and where it is likely to go — and then act with confidence.

‘Beyond checking the box: Disaster planning for financial institutions,’ by Doug Langley and Stuart Winn, Preparis Inc.

 

 

For a one-minute audio intro to the commentary, click here.

WestlawNext users: Click here to read the full article on WestlawNext.

 

Stuart Winn

Stuart Winn

Doug Langley

Doug Langley

Weekly Investment Banking Scorecard

deals intelligence

CIT Group’s $3.4 billion purchase of California’s OneWest Bank pushed the level of deal making in the financial sector to $206.6 billion for year-to-date 2014, a 54% increase compared to a year ago and the strongest year-to-date period for M&A in the sector since 2011. With strong deal making activity in the healthcare, media and energy sectors, M&A in the financial sector accounts for just 10% of the worldwide total this year, the lowest percentage since year-to-date 1989 when financials accounted for 9% of global M&A

Weekly Highlights: (more…)

Contemporary Zakah issues

Do we own the call to pay Zakah or not? And is it applicable to monthly salaries? 

Zakah is the third pillar of Islam. It is compulsory on all Muslims who have accumulated a minimum amount of wealth, or nisab, to distribute an assigned proportion of that wealth to any one or more of the eight categories of recipients as defined in the Qur’an. Unfortunately, this brings in two controversial issues today – should the state manage the zakah, and should it be collected on a monthly basis?

According to the teaching of Islam, both the collection and the distribution of zakah must be managed by the state or government of a country. This is clearly stated in the Qur’an in Surah al-Taubah (9:103) and leaves no room for ijtihad (independent reasoning) on the matter. Hence zakah distribution cannot be left to individuals, and the right of the eight recipients to benefit from zakah is preserved. While justification for the state’s role in zakah management has been explained in Fiqh books and by many Muslim scholars, there are still many Muslims who question their government’s right to manage zakah collection and distribution, especially if trust in a government is lacking. These Muslims have forgotten the hadith of the Prophet Muhammad (pbuh) which insists that people pay their zakah to the state in order to fulfill their responsibilities and that if any part of zakah management is tampered by the state then the sin will rest squarely on the state.

The second controversial issue concerns the payment of zakah on monthly salaries, a practice in force in Muslim-majority countries such as Sudan and Malaysia.  Many Muslims today question the validity of the payment of zakah on monthly salaries but accept the justifications for paying tax on their monthly salaries (tax payment which is almost always higher than zakah). By doing so they are replacing one of the pillars of Islam with a conventional, non-Islamic practice.

A study conducted by the author revealed large sum of zakah can be collected from salaries in different Muslim countries, which is only type of zakah out of fourteen types, on a yearly basis and is sufficient to eradicate poverty in these affected countries within a very short span of two years. This practice follows a similar one during the time of the ruler Umar ibn Abdel Aziz in the eighth century during the Umayyad dynasty.

It is time we start implementing zakah management to the letter!

Read more about Zakah on Zawya Islamic. (more…)

European carbon market research & forecast

The Research and Forecast service available on Thomson Reuters Eikon now offers critical insights into the European Union emissions trading team. The service is developed by Point Carbon, a market leading analysis provider within the Nordic and European power markets and now part of Thomson Reuters.

Find more information on Eikon here.

Thomson Reuters Eikon for metals professionals: The essentials

The latest version of Thomson Reuters Eikon provides a wide range of tools for commodities analysis, trading and operations specifically tailored to the precious and base metals markets. If you’re new to Eikon and version 4, the intuitive menu driven interface and natural language search tools should be easy to master.

Find more information on Eikon here.

Regulation as a barometer of trust – graphic of the day

Data drawn from our governance, risk & compliance data and Thomson Reuters Accelus™ reveal that the level of regulatory activity worldwide has continued its strong upward trend globally this quarter, and particularly in the Americas. According to risk segment managing director Chris Perry, “it is clear that regulatory activity continues to accelerate and recent enforcements have in many cases seen record-breaking fines and penalties. Most recently the Attorney General of New York joined the financial regulators as fraud and criminal investigations widen. In this environment, the best defense is a strong offense – and banks are stepping up their compliance oversight and risk management.”

The second quarter’s 143 average daily number of regulatory alerts (up from 129 in Q1 and above 100 for the fourth consecutive quarter now totals some 17,800 to date in 2014, well on pace to exceed 2013’s total by year-end. Download the Q2 Trust Index.

TRust Index

Weekly Investment Banking Scorecard

deals intelligence

Eight deals over $5 billion were announced this week, setting the all-time record for weekly large-cap deal making and pushing the level of deals over $5 billion to $915.9 billion for year-to-date 2014, more than triple year ago levels. Accounting for 45% of worldwide M&A so far this year, large cap deal making in the healthcare sector (12), energy & power (8) and consumer staples and media (7) make up just over 60% of the number of announced M&A deals greater than $5 billion for year-to-date 2014

Weekly Highlights: (more…)

Q2 Thomson Reuters TRust Index advances into positive territory for first time

TRust Index

The Q2 TRust Index, released today, shows improved trust sentiment in the top 50 global financial institutions this quarter as more banks – particularly those in the Americas – received positive scores to push the global TRust Index into positive territory for the first time.

Tracking trust through news sentiment shows: (more…)