New York-Frankfurt stock exchange merger blocked

New York-Frankfurt stock exchange merger blocked

NEW YORK (CNNMoney) — The parent company of the New York Stock Exchange said Wednesday that it plans to end its proposed merger with the parent of the Frankfurt exchange, after European officials blocked the deal. NYSE Euronext (NYX, Fortune 500) said it will instead repurchase shares, as a way…

Did South Africa snub IMF's Christine Lagarde?

Did South Africa snub IMF’s Christine Lagarde?

South Africa (CNN) –It was a hot summer day when Christine Lagarde, the head of the International Monetary Fund visited South Africa in early January. However, it appeared that she received a rather chilly welcome from the South African government. The South Africans, despite knowing about her visit for more…

legacy-of-ireland

The legacy of Ireland’s ‘bail-out’ minister

Brian Lenihan, the former Irish finance minster for Fianna Fail who Friday died of pancreatic cancer aged 52, played a pivotal role in the country’s bailout, following its near economic collapse. It was Lenihan who fronted the 2008 legislation that guaranteed full repayment of loans lent to the banks by…

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Wary investors shift focus to jobs

 The economy and jobs will be front and center this week — whether investors like it or not. The agenda is heavy on economic reports and culminates with the release on Friday of the government’s monthly jobs report. 3920Print CNNMoney’s survey of economists forecasts that the U.S. economy created…

President Barack Obama

Obama set for outreach to skeptical Arab world

President Barack Obama will lay out a new U.S. strategy toward a skeptical Arab world on Thursday, offering fresh aid to promote democratic change as he seeks to shape the outcome of popular uprisings threatening both friends and foes. In his much-anticipated “Arab spring” speech, Obama will try to reset…

Eurozone's economic growth accelerates

Eurozone’s economic growth accelerates

The economy of the 17 countries that use the euro grew by 0.8% in the first three months of 2011, up from 0.3% in the previous quarter. Germany was largely responsible for the better-than-expected figure, reporting growth of 1.5% in the period. There was a surprisingly strong 0.8% growth rate…