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February 23: The day through a camera lens

  • February 23:  The day through a camera lens

    February 23: The day through a camera lens

  • <p><b>The NASDAQ market site is seen in New York&#39;s Times Square</b>
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Nasdaq OMX Group Inc could launch a rival bid for NYSE Euronext to avoid being left on the sidelines, a source said, as traditional exchanges race to merge to see off upstart electronic rivals.
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This is one option Nasdaq, valued at $5.7 billion, is considering as a spate of deals shakes up an industry under intense cost pressure from new entrants such as BATS Global Markets, which last week snapped up rival Chi-X.
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Nasdaq&#39;s alternatives include tying up with IntercontinentalExchange Inc or the Chicago Mercantile Exchange (CME) to wrest NYSE from its planned $10.2 billion takeover by Deutsche Boerse, the source familiar with the matter said.
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Meanwhile, Toronto market operator TMX Group Inc pressed the case for its agreed deal with London Stock Exchange, warning lawmakers opposing the tie up that Canada risked damaging its free-trade credentials if it blocked it.
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TM

    The NASDAQ market site is seen in New York's Times Square

    Nasdaq OMX Group Inc could launch a rival bid for NYSE Euronext to avoid being left on the sidelines, a source said, as traditional exchanges race to merge to see off upstart electronic rivals.

    This is one option Nasdaq, valued at $5.7 billion, is considering as a spate of deals shakes up an industry under intense cost pressure from new entrants such as BATS Global Markets, which last week snapped up rival Chi-X.

    Nasdaq's alternatives include tying up with IntercontinentalExchange Inc or the Chicago Mercantile Exchange (CME) to wrest NYSE from its planned $10.2 billion takeover by Deutsche Boerse, the source familiar with the matter said.

    Meanwhile, Toronto market operator TMX Group Inc pressed the case for its agreed deal with London Stock Exchange, warning lawmakers opposing the tie up that Canada risked damaging its free-trade credentials if it blocked it.

    TM

  • <p><b>A vehicle drives past buildings in Mumbai</b>
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Mumbai has been ranked as the sixth-most expensive office market in the world, according to a global survey by property services firm Cushman & Wakefield.
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With office rentals in its main business district averaging $114 a square foot per year, Mumbai ranks behind Hong Kong, London, Tokyo, Rio de Janiero and New York, the report said.
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Rentals for Class A space at the Nariman Point area in south Mumbai typically range between Rs 300 to 400 per square foot per month. Mumbai had been ranked number 5 last year in a similar survey.
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Cushman & Wakefield said lack of new supply and limited demand for office space is likely to keep office rentals stagnant in Mumbai.
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Property prices in Mumbai and Delhi have more than doubled over the past 18 months, spurred by rising incomes and a firm stock market, but sales volumes are down by a third from a year ago as high prices and rising borrowing costs de

    A vehicle drives past buildings in Mumbai

    Mumbai has been ranked as the sixth-most expensive office market in the world, according to a global survey by property services firm Cushman & Wakefield.

    With office rentals in its main business district averaging $114 a square foot per year, Mumbai ranks behind Hong Kong, London, Tokyo, Rio de Janiero and New York, the report said.

    Rentals for Class A space at the Nariman Point area in south Mumbai typically range between Rs 300 to 400 per square foot per month. Mumbai had been ranked number 5 last year in a similar survey.

    Cushman & Wakefield said lack of new supply and limited demand for office space is likely to keep office rentals stagnant in Mumbai.

    Property prices in Mumbai and Delhi have more than doubled over the past 18 months, spurred by rising incomes and a firm stock market, but sales volumes are down by a third from a year ago as high prices and rising borrowing costs de

  • <p><b>Emergency workers stand in front of a destroyed building following Tuesday&#39;s earthquake in the southern New Zealand city of Christchurch</b> 
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The insurance industry faces damage claims of between $3.5 billion and $8 billion from Tuesday&#39;s devastating earthquake around Christchurch, New Zealand, catastrophe modelling firm Air Worldwide said.
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&#39;The quake caused extensive damage in the city center and was the second major quake to strike the city in six months,&#39; Air Worldwide said in a statement on Wednesday.
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&#39;Damage assessments are only just beginning after the initial focus on search and rescue,&#39; said the firm, which uses computer models to generate fast loss estimates for insurers on events like earthquakes or hurricanes.
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&#39;Aftershocks, of which there have been several, remain a concern,&#39; it added.
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Rescuers were pulling survivors out of rubble on Wednesday, 24 hours after the earthquake in Christchurc

    Emergency workers stand in front of a destroyed building following Tuesday's earthquake in the southern New Zealand city of Christchurch

    The insurance industry faces damage claims of between $3.5 billion and $8 billion from Tuesday's devastating earthquake around Christchurch, New Zealand, catastrophe modelling firm Air Worldwide said.

    'The quake caused extensive damage in the city center and was the second major quake to strike the city in six months,' Air Worldwide said in a statement on Wednesday.

    'Damage assessments are only just beginning after the initial focus on search and rescue,' said the firm, which uses computer models to generate fast loss estimates for insurers on events like earthquakes or hurricanes.

    'Aftershocks, of which there have been several, remain a concern,' it added.

    Rescuers were pulling survivors out of rubble on Wednesday, 24 hours after the earthquake in Christchurc

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