Apigee has raised $35 million for its API management platform, led by two consulting groups with participation from existing investors. The investment comes from a new investment fund managed by BlackRock, Inc., and Accenture, the global consulting company. Since 2005, Apigee has raised $107 million. The company did make a turn in its perception when it introduced Apigee, its free API management platform. The success of the Apigee platform led to the company's name change.
LONDON/WASHINGTON (Reuters) - Britain's financial watchdog is considering an investigation of the London Metal Exchange warehouse system after U.S. regulators put banks and big traders on notice of a probe due to complaints of inflated prices, two sources said.
The move would mark a change in tack by the Financial Conduct Authority (FCA), which has said it regulates the exchange and the futures derivatives market for commodities but not warehousing or the physical markets.
However, one of the two sources with knowledge of the matter said that as warehousing and the physical market had an important role in LME operations, the FCA would want to ensure the LME - the world's biggest marketplace for metals such as copper and aluminium - was meeting its regulatory obligations.
The LME, a venerable British institution acquired last year by Hong Kong Exchanges and Clearing, is a futures market that oversees a global network of warehouses where its clients should be able to take delivery of metals.
In practice industrial clients needing metal sometimes have to queue for up to a years while warehouse companies - increasingly owned by banks or trading houses - benefit from rents they charge during the wait or focus on using metal in finance deals rather than providing it to LME clients.
The queues have caused the price premium on some metals to surge, prompting accusations from manufacturing companies that banks and traders are artificially inflating prices and distorting supplies and demands for the LME to act.
In a sign of movement over the issue, Goldman Sachs Group Inc said on Wednesday it would offer customers of its Metro International metals warehouse business immediate access to aluminum held up in queues.
"In light of the concerns that end-users have raised about their access to aluminum they are holding in warehouses, Goldman Sachs is contacting end users to offer to swap any aluminum currently in the queue for immediately available aluminum so that they have access to the metal they need to make or package their products," the bank said in a statement
The first of the two sources said the FCA was in close contact with the LME and the U.S. Commodity Futures Trading Commission (CFTC), and while it was not presently investigating anything in particular at the LME, it had not ruled out such a process.
An LME spokeswoman declined to comment on any potential investigation, but said the exchange had always worked closely with the FCA and the CFTC.
The FCA said on Monday it was working closely with the LME on the exchanges's efforts to fix its warehousing system.
The CFTC has written to firms ordering them to preserve emails, documents and instant messages from the past three years, four sources who received letters said.
WARNING SHOT
The notice amounted to a "warning shot" ahead of what is probably a formal CFTC probe, one source said. A second source said all firms with LME-registered wareshouses in all jurisdictions had received the letter.
The LME storage network extends across 36 locations and 14 countries. The LME itself does not own any of the warehouses.
If there is an investigation, it would be the first by a regulator into the lucrative and controversial industry which has become dominated since 2010 by banks also including JPMorgan Chase & Co and merchant traders like Glencore Xstrata Plc and Trafigura AG.
The European Commission spokesman for competition policy, Antoine Colombani, declined last week to comment on the CFTC's move or whether the European Union antitrust authority was cooperating with the CFTC. He was not immediately available to comment on Wednesday.
However, a source with knowledge of the matter said the Commission spoke to the LME in connection with the warehousing issue during the Glencore-Xstrata merger in November last year.
"The question is to what extent the build-up in delays at the warehouses is a competition issue. DG Comp (the directorate general of competition) talked to the LME regarding the issue during the Glencore, Xstrata merger and concluded there was no obvious way to intervene."
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About the Author: Name: Amelia Heinrich My age: 32 Country: Switzerland City: Stehrenberg Post code: 9503 Address: Via Stazione 133
?Why I exercise: I am a cancer survivor and I am sure that exercise is helping to keep me healthy.
?How working out makes me feel: Good physically and emotionally.
?Exercising regularly since: January 2012
?How I find the time: It has become a routine for me almost every day.
?What motivates me to move: I need to keep my weight under control and I like to eat, so I have to move.
?What keeps me going: I know I have to do everything I can to stay healthy.
?When the weather is bad: I go anyway.
?Favorite gym: Hanover Township Community Center ? there are so many nice people there.
?Role model: The instructors at Hanover Township Community Center.
?Favorite equipment: Elliptical machine.
?Special strategies: I try every class, walk with my husband and friends, and swim whenever I can.
?How I control the urge to loaf: My husband keeps encouraging me to get out there when I feel like staying home.
?Most helpful tip: Just keep moving.
?Favorite workout song: Dance songs from the '60s.
?Foods: Lots of fruit and vegetables.
?Tips for starting: Find something you like to do and people to do it with you.
?Comments: Exercise is a regular part of my life now and I really like the fact that I can do it with people I enjoy. It is a social event for me every day. It makes me feel very happy that I have the strength and stamina that I didn't have after my cancer treatments.
Children with disabilities in developing countries at risk for harsher punishmentPublic release date: 30-Jul-2013 [ | E-mail | Share ]
Contact: Sarah Mandell smandell@srcd.org 202-289-7903 Society for Research in Child Development
Children with disabilities who live in developing countries are more likely to experience harsh punishment than children without disabilities in those countries. That's the conclusion of a new study that looked at data from nationally representative samples of about 46,000 parents and other caregivers of 2- to 9-year-olds in 17 low- and middle-income countries; most prior research on children with disabilities has been done in developed countries.
The study, in the journal Child Development, is the largest examination to date of how different forms of disability relate to caregivers' use of discipline with children in developing countries. It was conducted by researchers at the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD), Duke University, and Virginia Polytechnic Institute and State University, using data from the Multiple Indicator Cluster Survey program developed by UNICEF.
About 1.4 percent of the world's population is estimated to have disabilities, with 80 percent of these individuals living in low- and middle-income countries. Children with disabilities are especially vulnerable to abuse, exploitation, and violence.
Parents and other caregivers were asked to complete questionnaires about the types of disability their children had; children in the study had cognitive, language, sensory, and motor disabilities. They also were asked about the types of discipline used, including nonphysical (explaining why something was wrong, giving the child something to do, and taking away privileges), psychological aggression (yelling at the child and calling the child a name), physical discipline (spanking with a hand, hitting on the extremities, shaking, or hitting with an object), and severe physical discipline (hitting on the head, beating with an implement). And they were asked whether they believed that physical punishment was necessary to properly raise a child. Countries' Human Development Indexa measure of the general social and economic status of the countryalso was calculated.
Children with disabilities were more likely to have experienced physical and severe physical discipline, and less likely to have experienced only nonphysical discipline, the study found. Disabilities as well as harsh parenting practices, and the belief that corporal punishment is necessary to raise a child properly, were more prevalent in countries with lower standards of living. These results are consistent with research conducted in the United States, Canada, and Western Europe that has shown that children with disabilities are at greater risk of harsh punishment than children without disabilities.
"The findings suggest that policies and interventions are needed to work toward the United Nations' goals of ensuring that children with disabilities are protected from harsh physical treatment and abuse," according to Charlene Hendricks, statistician, and Marc H. Bornstein, senior investigator and head of Child and Family Research, both at NICHD, two of the researchers who worked on the study.
The study's results also speak to the value of intervention efforts and support services, including educating people about disabilities. "If parents are better informed about children's disabilities, they may gain a better understanding of what types of discipline work best," Hendricks and Bornstein note. "Programs implemented at a broad societal level may not only directly help families of children with disabilities, but may also have the indirect, additional benefit of helping members of the community develop a better understanding of the nature of various disabilities. This knowledge in turn may lessen social stigma, known to be associated with parental stress, which may then translate into more positive parenting practices."
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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Children with disabilities in developing countries at risk for harsher punishmentPublic release date: 30-Jul-2013 [ | E-mail | Share ]
Contact: Sarah Mandell smandell@srcd.org 202-289-7903 Society for Research in Child Development
Children with disabilities who live in developing countries are more likely to experience harsh punishment than children without disabilities in those countries. That's the conclusion of a new study that looked at data from nationally representative samples of about 46,000 parents and other caregivers of 2- to 9-year-olds in 17 low- and middle-income countries; most prior research on children with disabilities has been done in developed countries.
The study, in the journal Child Development, is the largest examination to date of how different forms of disability relate to caregivers' use of discipline with children in developing countries. It was conducted by researchers at the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD), Duke University, and Virginia Polytechnic Institute and State University, using data from the Multiple Indicator Cluster Survey program developed by UNICEF.
About 1.4 percent of the world's population is estimated to have disabilities, with 80 percent of these individuals living in low- and middle-income countries. Children with disabilities are especially vulnerable to abuse, exploitation, and violence.
Parents and other caregivers were asked to complete questionnaires about the types of disability their children had; children in the study had cognitive, language, sensory, and motor disabilities. They also were asked about the types of discipline used, including nonphysical (explaining why something was wrong, giving the child something to do, and taking away privileges), psychological aggression (yelling at the child and calling the child a name), physical discipline (spanking with a hand, hitting on the extremities, shaking, or hitting with an object), and severe physical discipline (hitting on the head, beating with an implement). And they were asked whether they believed that physical punishment was necessary to properly raise a child. Countries' Human Development Indexa measure of the general social and economic status of the countryalso was calculated.
Children with disabilities were more likely to have experienced physical and severe physical discipline, and less likely to have experienced only nonphysical discipline, the study found. Disabilities as well as harsh parenting practices, and the belief that corporal punishment is necessary to raise a child properly, were more prevalent in countries with lower standards of living. These results are consistent with research conducted in the United States, Canada, and Western Europe that has shown that children with disabilities are at greater risk of harsh punishment than children without disabilities.
"The findings suggest that policies and interventions are needed to work toward the United Nations' goals of ensuring that children with disabilities are protected from harsh physical treatment and abuse," according to Charlene Hendricks, statistician, and Marc H. Bornstein, senior investigator and head of Child and Family Research, both at NICHD, two of the researchers who worked on the study.
The study's results also speak to the value of intervention efforts and support services, including educating people about disabilities. "If parents are better informed about children's disabilities, they may gain a better understanding of what types of discipline work best," Hendricks and Bornstein note. "Programs implemented at a broad societal level may not only directly help families of children with disabilities, but may also have the indirect, additional benefit of helping members of the community develop a better understanding of the nature of various disabilities. This knowledge in turn may lessen social stigma, known to be associated with parental stress, which may then translate into more positive parenting practices."
###
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Apigee has raised $35 million for its API management platform, led by two consulting groups with participation from existing investors. The investment comes from a new investment fund managed by BlackRock, Inc., and Accenture, the global consulting company. Since 2005, Apigee has raised $107 million. The company did make a turn in its perception when it introduced Apigee, its free API management platform. The success of the Apigee platform led to the company's name change.
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Public release date: 30-Jul-2013
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