Arc Bike News

AP – Asian markets moved higher Thursday, a day after Greece approved a harsh austerity package to prevent the heavily indebted country from a massive default.

AP – Shares in Chinese auto and battery maker BYD Co. jumped 44 percent in their debut on the Shenzhen Stock Exchange on Thursday, despite news that the company’s profit fell by 84 percent in the first quarter.

Reuters – Wall Street closed its best three-day run in three months on Wednesday after the Greek parliament approved austerity measures to avoid defaulting on its debt.

Reuters – The London Stock Exchange’s C$3.6 billion ($3.7 billion) plan to buy its Toronto counterpart collapsed on Wednesday in the face of a competing bid led by Canadian banks, leaving the UK exchange itself vulnerable to takeover. The failure, which follows Singapore Exchange Ltd.’s scuttled bid for Australia’s ASX Ltd, is the latest sign of nationalist pride frustrating cross-border deals for highly symbolic capital markets.

Reuters – When Canada’s big banks and pension funds needed sizzle to combat the steak offered by the London Stock Exchange’s bid for the Toronto Stock Exchange, they looked only as far as the Canadian flag.

AP – GREECE: Greek lawmakers passed an austerity bill that brought the country closer to getting a financial backstop it needs to avoid defaulting on its debt. The loan buys Greece and other European countries more time to repair their budgets.

AP – Stocks closed higher for the third day in a row Wednesday after Greece cleared a hurdle toward getting more emergency loans. Financial stocks rose after Bank of America reached a settlement with investors over failed mortgage securities.

AP – Stocks closed higher for the third day in a row Wednesday after Greece cleared a hurdle toward getting more emergency loans. Financial stocks rose after Bank of America reached a settlement with investors over failed mortgage securities.

AFP – The London Stock Exchange and Toronto’s bourse scrapped Wednesday plans to merge after admitting they could not get the support of two-thirds of their shareholders.

Reuters – The London Stock Exchange’s C$3.6 billion ($3.7 billion) plan to buy its Toronto counterpart collapsed on Wednesday in the face of a competing bid led by Canadian banks, leaving the UK exchange itself vulnerable to takeover.