Toronto CEO eyes border deals
Toronto business leader hints at future cross border agreements and potential mega exchanges. He forecasts broader continental trade links and joined ventures across markets, signaling strategic moves to leverage proximity and scale.
MENTIONED IN THIS ARTICLE
Toronto
Border Deals
TSX Eyes North American Exchange Push in Rival Overhaul
Toronto Stock Exchange chief executive Richard Nesbitt says the TSX aims to build a North American financial powerhouse by acquiring or allying with a U S futures exchange such as the New York Mercantile Exchange or the Chicago Mercantile Exchange. He notes the sector’s consolidation and emphasizes cost cuts and revenue growth as prerequisites.
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New York
Toronto Stock Exchange
Richard Nesbitt
TSX
Nesbitt
Sandler O'Neill
New York Stock Exchange
Nasdaq
New York Mercantile Exchange
Chicago Mercantile Exchange
Intercontinental Exchange Inc
Global
Nyse Group Inc
Euronext NY
Europe
NYSE
Paris
Amsterdam
Brussels
Lisbon
Deutsche Boerse AG
United States
London Stock Exchange
LSE
U.S
California
Texas
Russia to forgive about 700 million in poor country debt
Russia will write off roughly 700 million dollars in debt owed by the world’s poorest nations as part of a policy reflecting its oil wealth and push for equality with major powers. Finance Minister Alexei Kudrin announced ahead of a G8 meeting, citing funds redirected to development, disease control, and energy access.
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ST. Petersburg
Russia
Alexei Kudrin
Kudrin
World Bank
Paul Wolfowitz
G-8
Right
Oil prices rise after Iraqi unrest and Niger Delta shutdown
Oil climbed Friday amid renewed Iraqi instability following the kidnapping of a senior petroleum official and a report that Nigeria halted about 800,000 barrels a day of output, roughly 60 percent more than earlier believed. Analysts warn the market may need weeks to ease.
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Washington
al- Qaida
Iraq
Niger Delta
Dow
Louisiana signs contract for $7.5 billion hurricane housing program
Negotiations were set to begin between state officials and ICF International of Fairfax Virginia to manage the $7.5 billion housing initiative for Katrina and Rita victims. The program offers rebuilding and buyout grants up to $150 000 per homeowner, with a pending $4.2 billion in Congress expected to pass soon.
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Baton Rouge
Virginia Consulting
Kathleen Blanco
Fairfax, Va
Authority
Louisiana
Congress
SEC investigates McAfee stock manipulation probe
The SEC opened a formal investigation into possible manipulation of McAfee Inc stock options. Regulators notified the Santa Clara company with a subpoena on Wednesday.
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SAN Francisco McAfee Inc
Securities and Exchange Commission
Santa Clara
Calif
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Australia
SEC
Coyt Om Gr Tay Ieee Sey
Susiessouthforty.com
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Fairgrounds Road
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Sourman
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