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Diversified Financial Services Specialized Finance

  • 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...

  • *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...

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

  • 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...

  • In an email to NYSE traders, the exchange said it would offer a "weekend production testing opportunity" on Feb. 25 for firms to "exercise their IPO trading logic." The stakes are high for NYSE in handling the closely-watched offering for Snap, which runs popular messaging app Snapchat. "It's a big deal and they clearly want to make sure it goes smoothly- you can't fault...

  • LONDON, Feb 23- It's time to talk about the London Metal Exchange. To lose one senior office is unfortunate, to lose two in such quick succession suggests deeper tensions with the LME's owner Hong Kong Exchanges and Clearing, which has been trying to monetize its massive $2.2 billion investment in the London exchange. CME Group, which has historically only...

  • SHANGHAI, Feb 20- China's official foreign exchange trading platform operator fine tuned the yuan midpoint mechanism on Monday, three sources with direct knowledge of the matter said, the latest move to help curb speculation on the exchange rate. On Dec. 29, the CFETS changed the composition of the CFETS basket that is used to set the yuan's daily value.

  • *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...