PRESS DIGEST- New York Times business news - May 26
May 26 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
NEW YORK Oct 2 IntercontinentalExchange Inc and NYSE Euronext said on Wednesday they moved a step closer to ICE finalizing its proposed takeover of the Big Board operator after a European regulatory group said it would not object to the deal.
ICE and NYSE said they received a letter from the Chairmen's Committee of Euronext Regulators indicating they are "not minded to object" to the proposed deal, currently valued at around $10.6 billion.
Final approvals are still needed from national authorities and regulatory bodies in each of the relevant European jurisdictions. NYSE's Euronext unit, which the exchange operators plan to spin off once the deal is complete, includes the Paris, Amsterdam, Brussels and Lisbon stock exchanges.
The U.S. Securities and Exchange Commission approved the deal, which will give ICE control of Liffe, Europe's second-ice.largest derivatives market, in August.
(Adds quotes, details and background) SHANGHAI, May 26 China's yuan on Friday extended the previous day's big gain, hitting its strongest level in more than three months, and the Chinese currency was on track for its best week since mid-January. At midday, spot yuan was trading at 6.8566, after earlier reaching 6.8493, its firmest since Feb. 16. On Thursday, the day after Moody's Investors Service downgraded China's sovereign rating, state banks sold dollars and the yuan
DENVER, May 26 A blaze engulfed a Colorado oil tank battery on Thursday, killing one worker and injuring three, authorities said.