Deutsche Boerse AG has been secretly talking to NYSE Euronext about a combination that would create the world’s leading stock exchange, a German weekly reported on Saturday.
Der Spiegel said the two exchanges are considering creating a Netherlands-based holding company that would take over the Frankfurt-based Deutsche Boerse’s shares, which would then be fused with a US-based subsidiary of the holding company.
Deutsche Boerse declined in a statement on Saturday to comment on the report. An NYSE spokesman also declined to comment.
Der Spiegel cited as the basis for its report a Deutsche Bourse “internal paper” to be presented at an exchange meeting today.
The new company would have Deutsche Boerse chief executive Reto Francioni as its chairman, with NYSE’s Duncan Niederauer as head of the board, Der Spiegel said in an advance release of today’s edition.
Trading would be based in New York, while derivatives would remain in Frankfurt, Der Spiegel said.
NYSE Euronext resulted from a US$9.96 billion deal that saw Euronext, which operates the Paris, Amsterdam, Brussels and Lisbon exchanges, combine with the US exchange last year.
Deutsche Boerse had also been courting the company.
NYSE Euronext operates on a single platform where traders can deal in stocks, options, futures, commodities and corporate bonds across two continents — for up to 12 hours daily.
Taiwan moved clear of Mexico to be the only country at No. 2 in the World Baseball Softball Confederation (WBSC) Men’s Baseball World Rankings. Meanwhile, draft bills to set up a ministry of sports were approved at a joint session at the legislature in Taipei yesterday. After previously being tied with Mexico for second on 4,118 points, Taiwan moved clear on 5,498 points after they defeated Japan in the final of the WBSC Premier12 tournament on Sunday. Mexico (4,729) dropped to fourth, behind Venezuela (4,846), who finished fourth at the tournament. Taiwan narrowed the gap to first-placed Japan to 1,368 points from 1,638, WBSC
South Korean President Yoon Suk-yeol yesterday declared emergency martial law, accusing the opposition of being “anti-state forces intent on overthrowing the regime” amid parliamentary wrangling over a budget bill. “To safeguard a liberal South Korea from the threats posed by North Korea’s communist forces and to eliminate anti-state elements plundering people’s freedom and happiness, I hereby declare emergency martial law,” Yoon said in a live televised address to the nation. “With no regard for the livelihoods of the people, the opposition party has paralysed governance solely for the sake of impeachments, special investigations, and shielding their leader from justice,” he
GLOBAL SUPPORT: The Ministry of Foreign Affairs said that the motion highlighted the improper exclusion of Taiwan from international discussion and cooperative mechanisms Taiwan yesterday thanked the British parliament for passing a motion stating that UN Resolution 2758 does not involve Taiwan, making it the latest body to reject China’s interpretation of the resolution. The House of Commons on Thursday debated the international status of Taiwan and unanimously passed a pro-Taiwan motion stating that the House “notes that UN Resolution 2758 does not address the political status of Taiwan or establish PRC [People’s Republic of China] sovereignty over Taiwan and is silent both on the status of Taiwan in the UN and on Taiwanese participation in UN agencies.” British Foreign, Commonwealth and Development Office Parliamentary
HIGH ALERT: The armed forces are watching for a potential military drill by China in response to the president’s trip, with the air force yesterday conducting an exercise President William Lai (賴清德) is to make stopovers in Hawaii and the US territory of Guam during his seven-day trip to the South Pacific, his first official visit since taking office in May, the Presidential Office said yesterday. Lai, accompanied by a delegation, is scheduled to depart for the South Pacific on a chartered flight at 4:30pm tomorrow, stopping first in Hawaii for a two-night layover before traveling to the Marshall Islands, an office official said. After wrapping up his visits to the Marshall Islands and Tuvalu, the president is to transit through Guam, spending a night there before flying to Palau,
RSS