Euronext investors overwhelmingly back NYSE merger
Euronext shareholders on Tuesday (ENXT. PA) approved overwhelmingly a $14-billion plan to merge the multinational European exchange operator with the New York Stock Exchange and form the first transatlantic bourse. Around 98. 2 percent of shareholders present or represented at the meeting backed the merger, a margin that surprised even Euronext Chief Executive Jean-Francois Theodore after several shareholders voiced opposition to the deal in recent weeks.
Venezuela mulls euro oil switch
2006.12.26|
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The oil-rich nation said it planned to see if a similar scheme could be introduced to its crude exports.
Iran, the world's fourth-biggest oil producer, has already asked customers to pay for its oil in euros because of the current weakness of the dollar.
Although the dollar is the currency in which oil is usually traded, it has been falling in value against the euro.
Strained relations
The US currency tumbled to 20-month lows against the single European currency earlier this month.
Iran still prices its oil in dollars, but currently receives payment for 57% of its crude exports in euros, according to the National Iranian Oil Company.
Venezuela's energy minister Rafael Ramirez described the Iranian scheme as "very interesting".
Venezuela and Iran, which have strained political relations with Washington, are both members of oil producers' cartel Opec.
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