NASDAQ OMX Makes Changes in Its Nordic Operations to Better Serve the Nordic Financial Market (GlobeNewswire) and Hong Kong stocks rise on China stimulus plan (AP)

Share: 

City of Industry, CA --(www.USEquityNews.com)-- 11/10/2008 - Diversified Investments industry alert provided by U.S. Equity News. STOCKHOLM, Sweden, Nov. 10, 2008 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) announced today that its business area Transaction Services Nordic will be reorganized to better serve clients and incorporate the acquired Nord Pool business. This change follows the launch of the new roadmap for the Nordic equity market, announced on October 16th. As a result of this move, all customer service roles within the cash equities and equities derivatives areas will be combined into a single unit. Hans-Ole Jochumsen, Executive Vice President, NASDAQ OMX, commented, ``We recognized that integrating our client service functions would allow us to better focus on the needs of our clients and at the same time increase our competitive advantage. [Read the full article]


HONG KONG (AP) -- Hong Kong's stock benchmark advanced 3.5 percent Monday after China unveiled a $586 billion package to protect its economy from a rapidly unfolding global slowdown.The blue-chip Hang Seng Index gained 501.20 points to 14,744.63, though traded well off its highs.

Investors welcomed the government's 4 trillion yuan ($586 billion) stimulus package, announced Sunday, which will offer a mix of spending, tax cuts and other measures in hopes of keeping economic growth from falling too fast.Demand from the U.S. and the country's other vital export markets has been waning as the global financial crisis takes an economic toll."The global economy is in trouble and Chinese authorities understand that they can't wait anymore ... They're aware that exports next year will be terrible given the weakening economies in the U.S. and Europe," said Winson Fong, a Hong Kong-based managing director at SG Asset Management, which oversees about $3 billion in equities in Asia. [Read the full article]

By using this site, you agree to the Terms of Service and Privacy Policy . Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones Indexes(SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. All quotes are in local exchange time. Real-time last sale data provided by NASDAQ. By using this site, you agree to the Terms of Service and Privacy Policy . Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. [Read the full article]

About U.S. Equity News

U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.

U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.

Contact Information:
U.S. Equity News
Tel: (626) 961-8039
Email: info@usequitynews.com

Comments:
Disclaimer: User Comments do not reflect the views of US Equity News, and we are not responsible for the content of users' comments. We also reserve the right to edit or delete comments to our discretion.

---