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BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
London Stock Exchange mulls Nasdaq takeover: report
LONDON/NEW YORK |
LONDON/NEW YORK (Reuters) - The London Stock Exchange is eyeing a takeover of its rival Nasdaq just weeks after announcing a merger with the Toronto stock exchange, the Sunday Times reported.
Although the companies have not held talks about a three-way tie-up, LSE and its Canadian counterpart expect to make their move later this year following the closing of their own deal, the newspaper said without citing sources.
A Nasdaq spokesman declined to comment.
For now, LSE has its hands full as it tries to close on its 3.1 billion pound ($5 billion) proposed takeover of TMX Group.
Last week the two exchanges defended their transatlantic tie-up to skeptical lawmakers as they faced the first of a series of government and regulatory hurdles.
But the two exchange operators have said the combined company could go on the offensive as stock market competition intensifies internationally, especially with Deutsche Boerse in takeover talks with NYSE Euronext, and the Singapore Exchange trying to acquire Australia's ASX Ltd.
Some have speculated Nasdaq could jump into the fray, and LSE head Xavier Rolet was non-committal last week when asked whether TMX and LSE would consider a three-way tie-up.
"I can't speculate on what might or might not happen or what we could or should do," he told reporters last week.
A source told Reuters previously that Nasdaq, left out of the recent merger frenzy, was looking at its alternatives, including the possibility of teaming up with CME Group Inc or Intercontinental Exchange Inc to bid on NYSE.
But last week at the Reuters Future Face of Finance Summit the chief executives of both CME and ICE appeared to play down the possibility of a bid anytime soon.
(Reporting by Paritosh Bansal and Nadia Damouni in New York, and Karolina Tagaris in London; Editing by Alex Richardson)
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