Financial Markets

Industrial and Commercial Bank of China live on Misys Summit FT

China's largest bank, the Industrial and Commercial Bank of China (ICBC), has successfully completed a major 17 month project to implement powerful treasury and capital markets systems from Misys, the global application...

LSE rival Turquoise launches drive for new funds

Turquoise, the rival trading platform to the London Stock Exchange set up by a group of investment banks, is bidding to raise capital through 'strategic investment'. The move suggests rivals to the big players may not be...

Johnson & Johnson buying Mentor Corp. for $1.1 billion

NEW YORK (MarketWatch) -- Johnson & Johnson said Monday it would pay $1.07 billion in cash to buy Mentor Corp. , a supplier of medical products for the aesthetic market. The deal values Mentor Corp. at $31 a share, a premium of...

RUSAL withdraws suit against Norilsk share buyback

MOSCOW (Reuters) - Russia's United Company RUSAL, the world's top aluminium producer and a major shareholder in Norilsk Nickel , said on Monday it had withdrawn its suit against a share buyback by the top nickel miner.

New Star fights for survival: Q?A

New Star has had its request to suspend it shares rejected withfter the troubled fund management group in advanced discussion with its banking syndicate about the future funding of the group. This will have unnerved many of New...

Frankfurt Stock Exchange fund trading migrates to Xetra technology

As of today, fund trading on the Frankfurt Stock Exchange operates with Xetra technology; Xetra is Deutsche Börse's fully electronic pan-European trading system. Fund trading on the Frankfurt Stock Exchange now combines the...

:Rautaruukki Company Announcement Rautaruukki adjusts steel production an

Rautaruukki Corporation Stock exchange release 1 December 2008 at 9:00 Rautaruukki adjusts steel production and continues actions to improve efficiency. Rautaruukki is continuing actions to further improve operational and cost...

FTSE slides as demand worries hit

The leading share index fell 1.2 percent in early trade on Monday as demand worries dented commodity prices, dragging down miners and energy stocks, while more signs of a sickly property market dented banks.

Hot small caps: Silence Therapeutics falls on test update

LONDON - The following is a round-up of key small cap movers on the London stock market on Monday. 9:45 a.m. -Silence Therapeutics falls after drug trial update Shares in European biopharmaceutical company Silence Therapeutics...

DOR BioPharma Receives $1.5 Million From Sigma-Tau Pharmaceuticals for Exclusive Right to...

EWING, NJ, Dec 01, 2008 (MARKET WIRE via COMTEX) -- DOR BioPharma, Inc. ("DOR" or the "Company") announced today that it has received $1.5 million under a letter of intent with Sigma-Tau Pharmaceuticals, Inc. ("Sigma-Tau"),...