NYSE Euronext said that it would take over the London interbank offered rate (Libor) from the British Bankers' Association.
Deals
Glencore returns to cotton via US $150 million deal
Glencore Xstrata tries it hand in cotton exchange shares amounting to US $150 million. Glencore Xstrata Plc, a Switzerland-based multinational commodity trading and mining corporation, would be shelling out US $150 million for its bid to at least half of U.
Spain power reforms to cost energy corporations Eur2.7 billion
The power reforms implemented by Prime Minister Mariano Rajoy would cost utilities approximately Eur2.7 billion.
Plus500 goes public via IPO to enhance market presence
Plus500 planned to go public via an IPO to enhance its market presence. Plus500 decided to go public to enhance its market presence. The retail Forex broker planned to do so through offering an initial public offering.
INTL FCStone abandons plan to purchase Asian online exchange Cleartrade
INTL FCStone abandoned its plan to buy Cleartrade Exchange due to the newly-issued financial guidelines.
Latest News
The House of Representatives approves the contentious farm bill defying a veto threat from the White House.
CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.
According to Oriens, a US$30-million merger/acquisition was a future possibility. Oriens Travel & Hotel Management Corp. (OTHM) announced that the FROL Booking Engine exceeded the company's expectations.
Jack Lew, US Treasury Secretary, confirmed that Chinese regulators will be handing over documents about US listed companies based in China; a move that may dissolve disagreement about several accounting scandals.
Neptune increased its stake in Acasti Pharma Inc. Neptune Technologies & Bioressources Inc. announced Friday its acquisition of 6,750,000 Class A common shares from Acasti Pharma Inc.
Gagfah will be offering 40 million shares to raise capital. Gagfah, a German real estate group, announced last Tuesday that it will be offering 40 million shares to raise capital.
Calpers, a US $259 billion fund, delays the launching of its database that would make known information about their pensioners.
US venture firm fundraising activity decreased 54% in the second quarter this year. There was a decline of 54% in fundraising by US venture-capital firms in the second quarter.
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
