Diversified Financial Services Specialized Finance

  • June 1- London Stock Exchange Group Plc said its almost $30 billion planned merger with German peer Deutsche Boerse could result in 1,250 job cuts across the combined group and should eventually lead to 250 million euros in revenue synergies a year. LSE's shareholders will be asked to approve the merger on July 4, the company said. Britons will vote on June 23 on...

  • June 1- London Stock Exchange Group Plc. *LSEG shareholders will be asked to approve scheme and merger at court meeting and LSEG general meeting on July 4 2016. *Expect that quantified revenue synergies of at least eur 250 million will be realized progressively.

  • FRANKFURT, May 31- Deutsche Boerse could become a takeover target if its planned $30 billion tie-up with London Stock Exchange were to fail, the German exchange operator's chief executive said. Chicago- based rival CME Group, whose $33 billion market capitalisation is twice that of Deutsche Boerse's, could become a suitor, Carsten Kengeter told the ICFW...

  • *Amsterdam attracting a series of new listings. Philips set an IPO price of 20 euros Thursday night, implying a market capitalisation of 3 billion euros, or an enterprise value of 4.5 billion euros including debt.. The shares rose eight percent to 21.45 euros in early trading in Amsterdam.

  • *New Zealand bourse launches milk futures. WELLINGTON, May 27- Financial exchange operator NZX Ltd on Friday launched New Zealand's first milk futures contract, offering dairy farmers in the country a new tool to manage risk as they grapple with plunging prices. New Zealand and its 10,500 farmer shareholders of the Fonterra Cooperative Group Ltd, the world's...

  • SINGAPORE/ LONDON, May 25- London's Baltic Exchange has entered into exclusive talks with Singapore Exchange over a possible sale, months after approaches from several suitors to acquire the centuries-old business, sources familiar with the matter said on Wednesday. The London Metal Exchange, CME Group, ICE, state-run conglomerate China Merchants Group and...

  • NEW YORK, May 24- Stock exchange operator Nasdaq has rejected a listing application by MassRoots Inc on the grounds that it may aid in the use and dealing of an illegal substance, the cannabis social networking company said on Tuesday. The Denver- based company, which connects cannabis users, activists and business people through its mobile applications and web...

  • May 20- Fitch Ratings raised its rating on Hungary's long-term foreign currency to' BBB minus' from' BB plus', citing high current account surpluses and EU fund inflows among other reasons. "Tighter fiscal policy has been consistent with a gradual decline in government debt from a high level," Fitch said in a note on Friday. The rating agency also affirmed Hungary's...

  • SAO PAULO, May 20- Shareholders of BM&FBovespa SA and Cetip SA Mercados Organizados agreed on Friday to combine their businesses, blessing the creation of a regional operation with businesses from Mexico to Chile. At separate ballots that took place on Friday, shareholders of both companies also decided to drop a compulsory tender offer that BM&FBovespa...

  • NYSE said in a statement that "trading has resumed in those symbols at 1:17 p.m. ET and all systems are now operating normally." Nasdaq and Bats Global Markets declared "self-help" against the NYSE, which occurs when another exchange is dealing with internal problems processing trades and orders are routed through alternate venues. "Orders just get routed to the...

  • The most recent notification from the NYSE, issued at 11:32 a.m. EDT said the issue was in one trading unit which was affecting 199 symbols. Several exchanges, including Nasdaq Inc and Bats Global Markets Inc declared "self-help" against the NYSE, which occurs when an exchange is dealing with internal problems processing trades and orders are routed through...

  • Several exchanges, including Nasdaq Inc and Bats Global Markets Inc declared "self-help" against the NYSE, which occurs when an exchange is dealing with internal problems processing trades and needs to send orders through alternate venues. The NYSE announced the issue at 9:47 a.m. EDT which affected roughly 200 symbols, including Jones Lang LaSalle Inc, C. R....

  • WASHINGTON, May 17- Cyber security is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission said on Tuesday. The SEC, which oversees U.S. securities markets, said some major exchanges, dark pools and clearing houses did not have cyber policies in place that matched the sort of risks they faced. "What we found, as a general...

  • *UK officials also visit China to discuss regulation- sources. HONG KONG/ BEIJING, May 15- China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year's stock market crash, sources with knowledge of the talks told Reuters. The discussions between representatives from China and...

  • PARIS, May 13- European stock exchange operator Euronext said on Friday it was on the lookout for tie-ups of its own as rivals Deutsche Boerse and London Stock Exchange Group negotiate a $30 billion merger. The fusion of its rivals in Frankfurt and London will create a group big enough to eclipse Euronext, prompting the smaller stock exchange operator in Paris to...

  • BUDAPEST/ WARSAW, May 13- The zloty and Polish government bonds firmed amid hopes that Moody's will only worsen the outlook of Poland's credit rating later on Friday rather than cutting the rating itself. In January, rating agency S&P downgraded Poland's credit rating, saying the ruling conservative government had weakened the independence of key...

  • SAO PAULO, May 12- BM&FBovespa SA, Latin America's largest financial exchange operator, returned to profit in the first quarter as increased market volatility bolstered equities and derivatives revenues and efforts to contain expenses bore fruit. Net income came in at 339.5 million reais last quarter, while profit adjusted by one-time items totaled 471.801...

  • LONDON/ FRANKFURT, May 12- London Stock Exchange Group and Deutsche Boerse will let shareholders decide on their proposed $30 billion merger after Britain's June referendum on European Union membership, three sources familiar with the matter said. No final decision has yet been taken about the exact date of the shareholder votes, but both exchanges will give...

  • LONDON/ FRANKFURT, May 12- London Stock Exchange Group and Deutsche Boerse plan to hold shareholder votes on their proposed merger after Britain's referendum on whether to stay in the European Union, three sources familiar with the matter said. This would have forced U.S. group Intercontinental Exchange to file any counterbid seven days before that meeting,...

  • LONDON, May 11- British finance minister George Osborne said on Wednesday he did not have concerns at the prospect of a German company taking over Britain's London Stock Exchange Group. Asked by a lawmaker if he was worried about the $30 billion deal between Deutsche Boerse and LSE on the grounds of nationality, Osborne said: "No I am not, and one of the remarkable...