April 22- The London Stock Exchange Group, among the world's oldest exchanges, may strike a deal with one of the big four Western exchanges within two years, the group's chief executive told the Wall Street Journal in an interview. When there is an industry with competitive tension, consolidation tends to be not too far behind, "CEO Xavier Rolet told the newspaper.» Read More
The European markets closed lower on Monday as investors remained cautious ahead of Tuesday’s U.S. presidential election. Investors across the globe are nervous as to how the U.S. will contend with an automatic $600 billion in spending cuts and tax hikes at the end of the year — known as the fiscal cliff — after the election.
The listing of Russia’ largest bank Sberbank on the London Stock Exchange, raising some $5 billion, is just the beginning of a wider trend and shows how Russian state-owned businesses are increasingly turning towards privatization, Anton Karamzin, deputy chairman and CFO of Sberbank, told CNBC.
European markets are set for a mixed open on Wednesday after the Catalonian region in Spain asked for a financial lifeline from the national government, raising concerns that the country itself will soon ask for a bailout.
European markets are called to open in negative territory on Tuesday as the debate continues over how far the European Central Bank (ECB) can, or will, go to save the euro zone.
European markets are called to open cautiously Monday after mixed signals from euro zone politicians and officials over the weekend.
London Metal Exchange shareholders voted on Wednesday to accept the $2.2 billion takeover offer by Hong Kong Exchanges and Clearing (HKEx), which will give the commodities trading platform further access to China, but one analyst says the deal is “a potential disaster” for the Hong Kong Exchange.
Rumors of yet another possible cross-border merger between two stock exchanges gathered pace on Friday, after a British newspaper reported that Singapore and London bourses are in takeover talks. Still, most analysts believe a deal is unlikely to materialize, because the benefits of a tie-up are simply not compelling.
Xavier Rolet, CEO at the London Stock Exchange, told CNBC that the LSE has the right balance of regulation and oversight and that liquidity and expertise continue to reside in London.
The euro zone is facing its darkest hour but will emerge more competitive than in the past, the chief executive of the London Stock Exchange told CNBC on Friday, though he noted that smaller businesses are very important to Europe’s recovery.
NYSE Euronext and CME Group, the two US exchange groups, have submitted bids for the London Metal Exchange, valuing it at up to £1 billion and kicking off a contest for the commodities business, according to people familiar with the matter. The FT reports.
CNBC's Rebecca Meehan reports the latest detail on market activity from the European markets.
European markets finish the week with a mixed results. Bank stocks are among the best performers. Analysts say ECB liquidity injection has eased fears, but the ECB's Draghi warns not to expect further injection of funds into banks. Spain intends to base 2012 budget on higher deficit target than stated earlier. With Jim Bianco, Bianco Research and Diane Swonk, Mesirow Financial.
Stock markets can expect to receive a boost from a second huge European Central Bank liquidity injection, according to Lakefield Partner’s Bruno Verstraete.
Markets in Europe are mostly down as Greek opposition to the austerity plan heats up. Bank stocks are among the biggest losers. Spain approves sweeping labor market reforms. Four Greek ministers resign in protest over the new austerity package. Greece's police union threatens to issue arrest warrants for EU, IMF officials.
European shares were seen opening mixed on Wednesday as talks between Greece and its international creditors dragged on.
More than a dozen traders and brokers in London and Asia have been fired, suspended or put on leave by their employers as a multinational probe into alleged manipulation of crucial global lending rates accelerates, the Financial Times reports.
European shares were seen opening flat Tuesday as crucial talks between Greece and its international lenders continue for another day, tempering gains in Asian indices overnight.
European shares looked set to open flat to lower Monday morning as bailout talks between Greece and its international lenders continue.
European stocks were called to open flat to lower on Friday after hitting six month closing high on Thursday and ahead of non-farm payrolls data from the US due on Friday.
European opening calls are expected to open flat Thursday on the back of positive employment data from the US which lifted shares overnight in Asia.