Governor: Europe position won’t deter executions
plans to expand its European stock market, one of the regions biggest, by opening a listings business for exchange-traded funds from BlackRock Inc. Weve been looking at the ETF business in Europe for some time, Hemsley said in the interview. Given we are a pan-European business we are trying to create a pan-European product and attract flow and liquidity into the security from across Europe. We will be competing aggressively on listing fees, he said, adding that Bats will publish prices soon. Its attempt to grow that division by offering company listings failed in March 2012, when Lenexa, Kansas-based Bats couldnt get its own shares trading following the companys initial public offering. The exchange owners attempt to build out the European unit comes as it seeks to expand its U.S. market share by merging with Direct Edge Holdings LLC. Bats handled about 21 percent of all stock trading in Europe during the past five days, more than any other exchange operator except London Stock Exchange Group Plc, according to data compiled by Bats. Guy Simpkin, head of business development in Europe, will lead the exchanges efforts to win listings in the region. Bats plans to encourage ETF trading by rewarding traders who facilitate transactions by providing quotes, he said. European trading of ETFs lags behind the U.S., providing room for growth, Simpkin said. ETF transactions in Europe are valued at $2.6 billion a day on average, or 0.75 percent of assets within the securities, he said, citing data from ETFGI LLP. In the U.S., $54 billion of daily trading represents 3.9 percent of assets, the data show.
(CNN) — The events unfolding off the coast of Lampedusa are both tragic and shocking . More than a hundred people are confirmed dead and the death toll is almost certain to rise dramatically. Although it may be awful, sadly this is neither an unusual nor unfamiliar story. According to the UNHCR, in 2012, some 15,000 migrants and asylum-seekers reached Italy and Malta and almost 500 people were reported dead or missing at sea. The figures are damning and shameful. Too many people are dying in their attempts to reach safety in Europe and much more needs to be done to address the root causes of why people risk their lives in this way. One thing is clear — this latest incident is an appalling reminder of what happens when people escaping persecution are denied access to safety at the EU’s frontiers. While we don’t know the personal circumstances of everyone on board this particular boat, we do know that the majority were from Somalia and Eritrea, two of the top 10 sources of refugees in the world, according to the UNHCR. Both are countries with well documented human rights abuses. Dozens dead in Italian boat accident Given this, it’s reasonable to believe that a number of people on board were refugees, fleeing persecution and seeking safety in Europe where there are substantial and settled Somali and Eritrean communities. Yet there’s been considerable head scratching in the media about why people would put themselves at such risk. Why would you get on an overcrowded, potentially unseaworthy vessel and risk your life to make it to Lampedusa? For refugees, the answer is simple — what they’re leaving behind is much, much worse. Somalia and Eritrea’s human rights abuses are well documented.
About 50 million vials are administered annually in some 15,000 U.S. hospitals and clinics about four-fifths of all anesthetic procedures. The society said in a statement that propofol is popular because it works quickly and patients wake up faster with fewer side effects such as post-operative nausea. Convicted killer Allen Nicklasson is scheduled to die by injection on Oct. 23 in the state’s first use of propofol for capital punishment since changing its execution protocol last year. Joseph Franklin is scheduled to be put to death on Nov. 20. Until recently, Missouri and other states with the death penalty used virtually the same three-drug protocol. That changed in recent years as drug makers stopped selling the traditional execution drugs to state corrections departments because they didn’t want them used in lethal injection. Nicklasson was convicted of killing a good Samaritan who stopped to help after Nicklasson’s car became disabled on Interstate 70 in 1994. Franklin is scheduled to be put to death for the 1997 shooting death of Gerald Gordon at a St. Louis area synagogue. Franklin has also been convicted of racially-motivated killings in Utah and Wisconsin, and bombing a synagogue in Tennessee. The uncertainty over Missouri’s execution protocol prompted Republican state Sen. Kurt Schaefer, a 2016 candidate for Missouri attorney general, to suggest last week that Nixon consider reopening the state’s gas chamber.
Europe’s bank restructuring ‘positive’ for sector
The massive restructuring of European banks will be positive in the end, the head of Italy’s main stock exchange told CNBC, on the day that Italian lender Banca Monte dei Paschi unveiled its new turnaround plan. However, Raffaele Jerusalmi, CEO of Borsa Italiana, also warned that the financial industry needed to strike the right balance between restructuring and regulation. “In general, what is happening in terms of the restructuring that we are seeing in the banking sector all over Europe is going to be positive in the end,” he told CNBC. “But there is still a risk of over-regulation we have to be careful. Last month, a report by the region’s banking regulator, the European Banking Authority, said Europe’s largest banks will need to find an extra 70.4 billion euros ($95 billion) of capital to comply with the rules. Monte Paschi announced plans to repay around 3 billion euros of its state bailout next year, with full payment by 2017, according to Reuters. The bank expects the EU Commission to approve the restructuring by mid-November, and hopes it will be enough to secure approval for much-needed state aid, after the euro zone crisis brought it close to collapse. Although Monte Paschi’s announcement came after the European market close, the news that its board was meeting to finalize the restructuring plan was enough to send shares rallying. Stock of Monte Paschi closed around 6.3 percent higher and was the top gainer on the Euro Stoxx 600 . Follow us on Twitter: @CNBCWorld