Monthly Archives: June 2011

LONDON (AFP) – European stock markets closed sharply higher on Wednesday after Greek lawmakers approved the government’s latest austerity package, easing the immediate concerns over a debt default. Dealers noted, however, that the markets slipped back on the news as … Continue reading →

LONDON (AFP) – Stocks in London closed higher on Wednesday after Greek lawmakers approved the government’s latest austerity package, easing the immediate concerns over a debt default. The benchmark FTSE 100 index of top shares soared 1.54 percent to close … Continue reading →

OTTAWA (AFP) – A plan to merge the London Stock Exchange and the Toronto Stock Exchange was scrapped Wednesday, the two announced in a statement. The deal was not expected to win the support of two thirds of LSE and … Continue reading →

WASHINGTON (Reuters) – Swap dealers would need to disclose more information to customers and provide added protection to clients like pension funds and municipalities under new rules proposed by securities regulators on Wednesday. The Securities and Exchange Commission proposal aims … Continue reading →

LONDON (AFP) – The London Stock Exchange is “disappointed” at the collapse Wednesday of a plan to merge with the Toronto Stock Exchange, LSE chief executive Xavier Rolet said in a statement. The deal to merge the LSE and TMX … Continue reading →

TORONTO – The operators of the Toronto and London stock exchanges have killed a $3.8-billion proposed merger, saying the controversial deal could not garner enough shareholder support to go ahead. TMX Group said Wednesday that a majority of proxy votes … Continue reading →

TORONTO/LONDON (Reuters) – The London Stock Exchange’s C$3.6 billion ($3.7 billion) plan to buy its Toronto counterpart collapsed on Wednesday in the face of a competing bid led by Canadian banks, leaving the UK exchange itself vulnerable to takeover. The … Continue reading →

OTTAWA (AFP) – The London Stock Exchange and Toronto’s bourse scrapped Wednesday plans to merge after admitting they could not get the support of two-thirds of their shareholders. The move opened the way for the possible takeover of the TMX … Continue reading →

NEW YORK – Stocks closed higher for the third day in a row Wednesday after Greece cleared a hurdle toward getting more emergency loans. Financial stocks rose after Bank of America reached a settlement with investors over failed mortgage securities. … Continue reading →

GREECE: Greek lawmakers passed an austerity bill that brought the country closer to getting a financial backstop it needs to avoid defaulting on its debt. The loan buys Greece and other European countries more time to repair their budgets. BANKS: … Continue reading →