Archive for June 18th, 2009

Cayman to access India

Cayman to access India

| 18/06/2009 | 1 Comment

(The Economic Times): A string of recent changes could slowly pave the way for direct entry of hedge funds into the Indian securities market. Cayman, the Caribbean offshore financial centre and a favourite tax haven of money managers, has been admitted as a member of the International Organization of Securities Commissions (IOSCO), the global standard setter for securities markets. The move could encourage the Securities and Exchange Board of India (SEBI), the local capital market regulator, to give hedge funds – most of which are registered with Cayman – direct access to the Indian market.

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Bolt storms to victory in Ostrava

Bolt storms to victory in Ostrava

| 18/06/2009 | 1 Comment

(BBC): Usain Bolt ran the 100 metres in a breathtaking 9.77 seconds – the fastest time in the world this year – at the IAAF Golden Spike meeting in Ostrava. But the wind was a fraction over the legal limit, meaning the event record of 9.85 set by Bolt’s fellow Jamaican Asafa Powell in 2005 still stands. Britain’s Craig Pickering, the 2007 Ostrava champion, ran a superb race to finish second in 10.08. Meanwhile, Mark Lewis-Francis was fifth in the 100m ‘B’ race in 10.40. Lewis-Francis, back after a year out injured, finished two places ahead of fellow Briton Christian Malcolm.

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