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Diversified Financial Services Specialized Finance

  • BRUSSELS, March 29- An attempted merger between the German and British stock exchanges was struck down by European regulators on Wednesday, formally ending a deal that unravelled in the wake of Britain's vote to leave the European Union. "We could not approve this merger on the terms... proposed," said European Competition Commissioner Margrethe Vestager,...

  • *LME Clear hoped to introduce cuts to initial margins last autumn. *Average Jan copper volumes down 12 pct on LME, up 22 pct on CME. LONDON, March 28- Regulatory delays to a proposal to slash initial clearing margins by the London Metal Exchange has dealt another blow to the exchange's ability to fend off competition from U.S. rival CME Group, whose margins are sharply...

  • March 23- IG Group Holdings Plc, a British online trading company, reported a 3.8 percent fall in quarterly revenue as it earned less per client, especially in the United Kingdom and Ireland. The company, which provides online stockbroking and trading services to retail investors, said revenue fell to 117.4 million pounds for the three months ended Feb. 28, from 122...

  • BRASILIA/ SAO PAULO, March 22- Brazil's antitrust watchdog Cade on Wednesday approved BM&FBovespa SA's takeover of rival Cetip SA Mercados Organizados, and will not require any antitrust measures beyond those the exchange and clearinghouse firms proposed themselves. The spike in shares was "mainly due to the approval of the deal with remedies that were not...

  • BRASILIA/ SAO PAULO, March 22- Brazil's antitrust watchdog Cade on Wednesday approved BM&FBovespa SA's takeover of rival Cetip SA Mercados Organizados, and will not require any antitrust measure beyond those the exchange and clearinghouse proposed for themselves. Trading transactions in Brazil are settled through a central counterparty clearinghouse, a...

  • approval@ SAO PAULO, March 22- Brazilian stocks rose on Wednesday as shares of BM&FBovespa SA and Cetip SA rallied after antitrust watchdog Cade approved a tie-up between the companies. The rally helped lift Brazil's benchmark Bovespa stock index despite persistent concerns that widening corruption investigations could hamper the approval of fiscal...

  • March 22- With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it will soon begin trading a first-ever U.S. liquefied natural gas futures contract. "Domestic and international market participants now have a risk management solution that lays the foundation for a more...

  • OTTAWA, March 20- Canada's finance minister will give an update on the deficit when he presents the federal budget on Wednesday, hoping to flesh out plans to spend the way to growth without drawing the wrath of debt-rating agencies and businesses struggling to compete. If the ratio of debt to gross domestic product gets too high under Prime Minister Justin...

  • SAO PAULO, March 16- BM&FBovespa SA, Latin America's largest financial bourse, said on Thursday that the succession of its chief executive officer has been discussed at the board level, but no decision has been made. The securities filing came in response to a news report that Gilson Finkelsztain would be appointed in March to succeed Edemir Pinto as head of...

  • ICE EXCHANGE PLANS TO LAUNCH CLEARING FOR LONDON BENCHMARK GOLD PRICE AUCTION FROM APR. 3- MARKET AND BANKING SOURCES.

  • *FACTBOX-Rivals for London's $5 trln gold market:. LONDON, March 15- Intercontinental Exchange is set to launch clearing for London's benchmark gold price auction before participants are ready as it races to prevent rivals muscling in on the city's $5 trillion- a-year bullion market, market and banking sources said. ICE, the London Metal Exchange and CME Group...

  • TOKYO, March 13- The Tokyo Stock Exchange launched a new stock index on Monday, selecting 200 companies among small-to-mid-cap firms with high return on equity and operating profits as well as strong corporate governance. "The launch of this index is expected to continue to encourage Japan corporations to emphasize actions that are valued by equity...

  • Traders are betting overwhelmingly on a rate hike next week and see better-than-even odds of two more over this year and a small chance of a fourth, based on the price of fed funds futures contracts traded at CME Group Inc's Chicago Board of Trade. Non-farm payrolls increased by 235,000 jobs in February as unusually mild weather helped the construction sector...

  • Traders continue to bet overwhelmingly on a March rate hike, and give a better-than-even chance of two more rate hikes over the course of the year, with a small chance of a fourth hike, based on the price of fed funds futures contracts traded at CME Group Inc's Chicago Board of Trade.

  • DUBLIN, March 6- Packaging conglomerate Ardagh Group launched a long-awaited initial public offering late on Monday, as it sought to raise as much as $370 million by floating around 7 percent of the company on the New York Stock Exchange. The Luxembourg- based supplier of glass and metal containers, controlled by Irish billionaire Paul Coulson, has announced- and...

  • LONDON, March 3- London Stock Exchange Group Chief Executive Xavier Rolet said on Friday he would "postpone his retirement" if, as widely expected, a 26 billion euro merger with Deutsche Boerse collapses. The LSE has refused to sell its MTS Italian fixed income trading platform to satisfy EU competition officials, leaving the latest attempt to combine the London...

  • LONDON, March 3- The London Stock Exchange Group said on Friday it was continuing to work hard to win approval for its planned merger with Deutsche Boerse, a 29 billion euro deal now widely seen as doomed. The LSE said on Sunday it would not meet a new condition laid down by the European Union's competition officials for approving the merger with Deutsche Boerse,...

  • LONDON, March 3- The London Stock Exchange Group said on Friday it was continuing to work hard to win approval for its planned merger with Deutsche Boerse, a 29 billion euro deal now widely seen as doomed. The LSE said on Sunday it would not meet a new condition laid down by the European Union's competition officials for approving the merger with Deutsche Boerse,...

  • LONDON, Feb 28- The European Union could be left with no exchange big enough to compete with U.S. rivals and no trading link into Britain if it allows the London Stock Exchange and Deutsche Boerse merger to die. Deutsche Boerse Chief Executive Carsten Kengeter had warned that a failure to complete the LSE deal would weaken Frankfurt, Germany's main financial...

  • SHANGHAI, Feb 27- Hong Kong stocks fell for the third straight session on Monday, as the market's strong months-long rally showed signs of fatigue. Sentiment was also hurt by bearishness in mainland China markets, where blue chips had their worst day in two months amid worries about tighter regulation. Gao Ting, head of China strategy at UBS Securities, said...