CANBERRA, Australia – Key lawmakers on Tuesday signaled they might scuttle the Singapore Exchange’s $8.3 billion cash and shares takeover offer for the operator of the Australian bourse.
Opposition Liberal Party treasury spokesman Joe Hockey raised concerns that the takeover, announced Monday, was not in Australia’s national interest while Greens Party leader Bob Brown said he [...]

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admin on August 6th, 2010

U.S. stock index futures edge lower as data eyed
Wall Street stock index futures pointed to a slightly lower start on Thursday as investors await earnings news and U.S. weekly jobless data ahead of the all important key U.S. non-farm payrolls figures on Friday.
At 5:03 a.m. ET, futures for the S&P 500, Dow Jones futures and [...]

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Success for Stress Tests Hinges on Data, Not Failures
The success of the European Union’s bank stress tests hinges on how much detail regulators provide about the basis for their conclusions, not on the number of lenders that fail, investors said.
“The more transparency, the more important that the results will be,” said Peter Braendle, who helps [...]

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admin on July 15th, 2010

BSE to hold stake in the National Power Exchange
The Bombay Stock Exchange (BSE) is set to become a stakeholder in the National Power Exchange (NPX) to pick up stake in NPX as a strategic investor.
Madhu Kannan, CEO and MD of BSE, said the exchange would pick up stake as a strategic investor and help develop [...]

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