Archive | December, 2004

Deutsche Börse, LSE in talks again

By Andrew Bulkeley in Berlin – Talks over a takeover of London Stock Exchange plc by Frankfurt’s Deutsche Börse AG are raising the prospect of competing bids as European rivals work to beef up volume and slash costs. The LSE agreed Monday, Dec. 13, to the talks after spurning a £1.35 billion ($2.58 billion) approach […]

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BM&F Bank, WebTrading of mini contracts and ADR Index, in partnership with Dow Jones, are launched by the Exchange

The Brazilian Mercantile & Futures Exchange launched on Tuesday, November 30th, the BM&F Bank. Representatives of the Brazilian Central Bank and the Brazilian Securities and Exchange Commission (CVM) were present at the event, which took place in São Paulo. The Bank’s launching coincides with the debut of WebTrading, an electronic platform, developed by BM&F, to […]

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Big Statscan Crop Yields Surprise Canada Trade

By Roberta Rampton – WINNIPEG, Manitoba (Reuters) – Canadian grain traders suspected Statistics Canada would find bigger crop yields in its latest survey of farmers released on Wednesday, but they said they were surprised by just how large production was. Despite a prolonged harvest delayed by snow and rain, and a jump in abandoned acres […]

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China to see debut of first private petroleum fund

BEIJING (AFX) – Fifty Chinese private firms, headed by Tianfa Petroleum Co Ltd (SZA 000670), are setting up a one bln yuan fund that will invest in overseas oil and gas fields, an official with the parent of the listed firm said. ‘We have already launched a petroleum association, and are now planning a one […]

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Will China Aviation Oil collapse spark changes?

By Francis Kan – A day after its dramatic implosion under almost a billion dollars of losses, the collapse of China Aviation Oil is being compared with the two biggest failures in local corporate history: Barings Bank in 1994 and Pan-Electric Industries in 1985. The crash of those two entities sent shockwaves throughout the financial […]

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High gas prices here for the long haul

By James McNair – Against a backdrop of colder temperatures and bare trees, one facet of everyday life continues to evoke a very summery feeling: high gasoline prices. Six months after the national average for regular unleaded fuel reached the $2 mark, gasoline prices remain near that level. From all appearances, U.S. consumers will have […]

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