Specialized Finance

Associate director Ms Madeleine Bunting of British newspaper The Guardian recently facilitated a discussion to address the question of whether microfinance helps reduce poverty with Mr Ha-Joon Chang, Cambridge University economist; Mr Ajaz Khan, microfinance advisor for Swiss nonprofit organization...

ICE says "still interested in engaging with NYSE Euronext (NYSE: NYX) board... bid for NYSE Euronext has merit, continues process."

IntercontinentalExchange (NYSE: ICE) today announced a partnership to launch BRIX, a Brazilian marketplace for electric power. BRIX is operationally ready, and anticipates launching in June 2011.

CME Group (NASDAQ: CME) announced that Executive Chairman Terry Duffy will appear before the U.S. Senate Committee on Banking, Housing and Urban Affairs, Tuesday, April 12, to discuss oversight of Title VII of the Dodd-Frank Act.

New York Stock Exchange (NYSE) Euronext CEO and Director Duncan Niederauer spoke with FOX Business Network's (FBN) Nicole Petallides about the company's decision to reject the $11.3 billion dollar takeover bid by NASDAQ and the Intercontinental Exchange (ICE). Niederauer said NYSE board's decision...

Interactive Brokers (NASDAQ: IBKR) is lifting all margin requirements on reverse-merger stocks. Clients will have to deposit the full value of the stock, which generally means that there is high risk associated with the securities.

Deutsche Boerse says the company sees no need to raise the bid for NYSE (NYSE: NYX), Dow Jones reports

Jefferies has announced that it has lowered EPS estimates on NYSE Euronext (NYSE: NYX), from $0.66 to $0.63, based upon the NYX board's rejection of an offer from NDAQ [NASDAQ OMX Group]/ICE [IntercontinentalExchange Inc] and also last weeks release of March metrics. Said Jefferies, in the report...

NYSE Euronext (NYSE: NYX) CEO Duncan Niederauer announced today the company's board is sticking with their current strategy, rather than listen to unsolicited proposal from NASDAQ (NASDAQ: NDAQ) and IntercontinentalExchange (NYSE: ICE). NYSE's Niederauer said that his board focused on shareholder...

As announced yesterday, NYSE Euronext (NYSE: NYX) rejects the takeover bid from NASDAQ (NASDAQ: NDAQ) and IntercontinentalExchange (NYSE: ICE). Instead, they accept the bid from Germany's Deutsche Boerse. NYSE Euronext announced today that its Board of Directors, consistent with its fiduciary...

Pre-open movers US stock futures are higher this morning after another strong earthquake rattled northeastern Japan. Futures on the Dow Jones Industrial Average rose 33 points to 12,359.00 and futures on the S&P 500 stock index gained 3.70 points to 1,327.50. Nasdaq 100 futures added 8.75...

J.P. Morgan is adjusting its estimates on CME Group Inc. (NASDAQ: CME) based upon volumes in 1Q which were below estimated. 1Q11 EPS estimates are down $0.04 to $4.23. Says J.P. Morgan, “Slight pull back in volumes vs. expectations is leading to declining estimates. While we expect volatility to...

US stock futures are slightly higher this morning after another strong earthquake rattled northeastern Japan. Futures on the Dow Jones Industrial Average rose 14 points to 12,340.00 and futures on the S&P 500 stock index gained 1 point to 1,324.80. Nasdaq 100 futures added 3.50 points to 2,321....

NYSE Euronext's (NYSE: NYX) board of directors have rejected a $11.3 billion bid from Nasdaq (NASDAQ: NDAQ) and IntercontinentalExchange, Inc. (NYSE: ICE) in favor of a $10.2 billion deal with Germany's Deutsche Boerse, it was announced Sunday. Commenting that the Nasdaq & ICE deal was "...

The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, recently loaned USD 21.2 million in two segments to microfinance institution (MFI) ProCredit Bank Bulgaria, a microfinance institution (MFI) that provides financing to micro-, small and medium-...