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Diversified Financial Services Specialized Finance

  • *South Africa to target personal income and sin taxes. JOHANNESBURG, Feb 17- South Africa's finance minister Pravin Gordhan is likely to target income, alcohol and tobacco taxes in his Feb 22 budget to reassure rating agencies that he will gradually rein in the deficit in coming years, a Reuters poll found. "The fiscal situation is a huge challenge for the South...

  • *S&P says any form of debt restructuring is selective default. TOKYO, Feb 17- Shares in Japan's Toshiba sank 10 percent on Friday, after credit rating firm S&P Global said it could slash the conglomerate's rating several notches if financial support from lenders includes any form of debt restructuring. Sumitomo Mitsui Banking Corp on Thursday said it will...

  • *Plans to create 300 jobs in Frankfurt. FRANKFURT, Feb 16- Deutsche Boerse's chief executive said insider trading allegations against him would prove unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange. Deutsche Boerse's supervisory board created a unique...

  • *Plans to create 300 jobs in Frankfurt. FRANKFURT, Feb 16- Deutsche Boerse's chief executive said insider trading allegations against him would prove unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange. Deutsche Boerse's supervisory board created a unique...

  • BERLIN, Feb 15- Deutsche Boerse reported an 18 percent jump in 2016 operating profit on Wednesday, as its commodities and international clearing business made up for a weaker market environment. The German exchange operator, which is planning a $27 billion merger with the London Stock Exchange, said earnings before interest and tax rose to 1.1 billion euros.

  • Feb 15- Pan-European exchange Euronext may still buy a clearing house for derivatives if its planned purchase of LCH SA, which it uses, from London Stock Exchange falls through. Euronext has agreed to buy Paris- based LCH SA for 510 million euros, but the deal can only go ahead if LSE Group succeeds in merging with Deutsche Boerse, a tie-up regulators will rule on by...

  • FRANKFURT, Feb 10- German exchange operator Deutsche Boerse warned on Friday the United States should be cautious in any revamp of banking regulations to ensure the lessons of the financial crisis are not forgotten. At a White House forum with U.S. business leaders, Trump said his administration expects "to be cutting a lot out of Dodd-Frank," the 2010 Dodd-Frank...

  • NEW YORK, Feb 9- Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. Nasdaq generated $2.3 billion in net revenue last year. The move would also align with plans set out by Nasdaq's new chief executive, Adena Friedman, who...

  • NEW YORK, Feb 9- Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. Nasdaq generated $2.3 billion in net revenue last year. The move would also align with plans set out by Nasdaq's new chief executive, Adena Friedman, who...

  • LENEXA, Kan. _ Bats Global Markets on Thursday reported fourth-quarter net income of $32.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Three analysts surveyed by Zacks expected $108.5 million.

  • TORONTO, Feb 8- Toronto Stock Exchange owner TMX Group Ltd said on Wednesday it was pitching the energy-rich bourse to "Saudi officials of significant influence" to bring at least part of the kingdom's massive Saudi Aramco public listing to Canada. Saudi Arabia expects to value the state-owned oil producer at a minimum of $2 trillion, in what could be the world's...

  • TORONTO, Feb 8- TMX Group, owner of the Toronto Stock Exchange, said on Wednesday that it is in talks with Saudi Arabia over the possibility of Saudi Aramco listing in Canada. TMX said the talks were part of efforts by a consortium of representatives from across Canada's capital markets to establish relationships with key business and government leaders in Saudi...

  • TORONTO, Feb 8- TMX Group, owner of the Toronto Stock Exchange, said on Wednesday that it is in talks with Saudi Arabia over the possibility of Saudi Aramco listing in Canada. TMX said the talks were part of efforts by a consortium of representatives from across Canada's capital markets to establish relationships with key business and government leaders in Saudi...

  • The results of the notice from the Securities and Exchange Commission and any enforcement action related to the outage are unknown at this time, NYSE owner Intercontinental Exchange Inc said following the release of its financial results. NYSE has sent the SEC a letter defending its actions before and during the outage, he said. The outage resulted from a...

  • NEW YORK, Feb 7- Intercontinental Exchange Inc, which owns the New York Stock Exchange, on Tuesday reported lower fourth-quarter earnings as higher expenses outweighed a doubling of data services revenue. Net income attributable to the exchange and clearing house operator dropped to $352 million, or 59 cents per share, from $370 million, or 66 cents per share, a...

  • CBOE, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, said its operating expenses rose about 10 percent to $88.1 million. The company's net income allocated to common shareholders fell 10.8 percent to $44.8 million, or 55 cents per share, in the quarter ended Dec. 31. However, the company earned 63 cents per share, excluding items, beating the...

  • Feb 6- CBOE Holdings Inc, the operator of the largest U.S. options exchange, reported a 10.8 percent fall in quarterly profit, hit by higher costs. Chicago- based CBOE said on Monday that net income allocated to common shareholders fell to $44.8 million, or 55 cents per share, in the fourth quarter ended Dec. 31, from $50.2 million, or 61 cents per share, a year earlier.

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...

  • MEXICO CITY, Feb 6- Moody's rating agency, which has put Mexico on watch for a credit downgrade, on Monday said the Mexican government's debt rose more than expected last year and weak growth could further pressure policymakers this year. "Worse-than-expected fiscal performance is credit negative for Mexico and weighs on its creditworthiness amid muted...

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...