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.
Zimbabwe in talks on China loan
2006.12.26|
|
Much of the money would be used to fight Zimbabwe's soaring inflation, the state-run Herald newspaper reported.
China has been looking to extend its influence in Africa and recently hosted a summit of African leaders.
Zimbabwe has been struggling to cope with economic collapse brought about, critics say, by the policies of President Robert Mugabe.
The southern African country - previously one of the continent's most developed economies - has seen inflation leap above 1,000%, while food and fuel shortages are rife.
The International Monetary Fund warned earlier this week that Zimbabwe's dire economic situation could get worse.
Economic myth
If agreed, the Chinese loan would be the biggest foreign loan secured by President Mugabe's government.
"China's government is ready to negotiate with the government for a $2bn loan facility to fight inflation and other aspects of the economy," Zimbabwe's ambassador to China, Chris Mutsvangwa, said.
He said China's assistance to Zimbabwe would "dispel the myth" that the country's economic problems were beyond redemption.
China had appointed an official to open talks with Zimbabwe's finance minister and central bank governor, the Herald reported.
Stock Markets
More articles on this topic:
Court halves Exxon spill damages
A US court cuts the level of damages Exxon Mobil must pay out for a 1989 oil spill off Alaska to $2.5bn.
A US court cuts the level of damages Exxon Mobil must pay out for a 1989 oil spill off Alaska to $2.5bn.
Premier sales hit by mild weather
Premier Foods, owner of brands like Angel Delight and Oxo, says sales were affected by recent mild weather.
Premier Foods, owner of brands like Angel Delight and Oxo, says sales were affected by recent mild weather.
Georgia in gas deal with Turkey
Georgia plans to buy 800 million cubic metres of gas from Turkey next year, almost half of its needs.
Georgia plans to buy 800 million cubic metres of gas from Turkey next year, almost half of its needs.
Ministers agree TV licence deal
Gordon Brown and Tessa Jowell agree to raise the TV licence fee by less than the current inflation rate.
Gordon Brown and Tessa Jowell agree to raise the TV licence fee by less than the current inflation rate.
