NYSE Euronext said that it would take over the London interbank offered rate (Libor) from the British Bankers' Association.
Sectors
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.
Former fund manager in New York pleads guilty of US$2.9 million Ponzi scheme
Jason Konior pleaded guilty of stealing US$2.9 million from investors as part of the 2011-2012 Ponzi scheme.
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.
Sci-fi flick Pacific Rim reported high numbers on its opening day, especially in Asia. Guillermo del Toro's science fiction movie 'Pacific Rim' joined the three-way race for the number one spot in this week's Hollywood blockbuster ladder.
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.
The European Commission proposed the creation of a new agency that would close and revamp failed banks.
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.
Angela Merkel wanted to push for free trade but told EU allies not to sweep America's secret surveillance under the carpet.
The increase in interest rates and decrease in stock price took off the glow in consumer sentiment. In early July, fears regarding increasing interest rates and decreasing share costs dinged US consumer sentiment.
