China bars Glaxo finance chief from leaving

Cedar Finance to Present Its New Face

News China bars Glaxo finance chief from leaving Like . View gallery FILE – This April 28, 2010 file photo shows the GlaxoSmithKline offices in London. Drug manufacturer GlaxoSmithKline, under investigation in China on suspicion its employees bribed doctors, said Thursday, July 18, 2013 its finance director for the country has been barred from leaving. The executive, Steve Nechelput, has not been questioned or arrested and is free to travel within China, the British company said in a statement.

Pakistan launches media campaign to boost Islamic finance

Credit: Reuters/Akhtar Soomro/Files Fri Jul 19, 2013 11:48am IST REUTERS – Pakistan’s central bank has launched a mass media campaign to raise awareness and acceptance of Islamic finance among consumers in the world’s second most populous Muslim country. The campaign is part of an overhaul of Islamic finance activities in Pakistan, which also includes the establishment of a country-level sharia board and new rules for sharia-compliant financial products. The central bank is rolling out a five-year plan for Pakistan’s Islamic banking sector, which follows religious principles such as bans on interest and pure monetary speculation. “There still prevails a significant population that is either unaware of Islamic banking or have confusions and misconceptions about its current paradigm,” said central bank governor Yaseen Anwar at the launch of the campaign on Thursday.

Now, Cedar Finance has enriched its offer with two brand new option types. First of them is called ‘Turbo’ option, which is an extension of the well-known 60 seconds option. From now on, speed-trading enthusiasts will be able to invest not in one, but three short-expiry options, namely, 60, 120, and 300 seconds. This, however, is only to give you a taste of other great surprises prepared by Cedar Finance.

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