FTSE Group News
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TMX Group Ltd., owner of the Toronto Stock Exchange, said first-quarter profit matched estimates as trading volume dropped and fewer companies sought financings.
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The yuan climbed to a 19-year high as the central bank set a record reference rate amid growing usage of the currency for worldwide trade and investment.
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International investors sold the most South Korean equities in 10 months in March amid concerns the nation’s exporters will lose market share to Japanese rivals and as tension with North Korea rose.
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Vanguard Group Inc.’s emerging markets fund managers will need to sell shares of South Korean companies after the largest U.S. mutual-fund company replaced MSCI Inc. with FTSE Group as the benchmark provider for six equity funds.
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India’s National Stock Exchange, the nation’s largest bourse, and the London Stock Exchange Group Plc signed an agreement today that may allow access to each other’s markets.
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Vanguard Group Inc. fund managers investing in emerging markets will have to sell South Korean stocks and step up purchases of Chinese and Brazilian shares after the largest U.S. mutual-fund provider switched benchmarks for its six equity funds.
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Dubai’s benchmark index rose to the highest level in almost four months after FTSE Group categorized the United Arab Emirates as an emerging market, boosting confidence that foreign investment will increase.
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Diasorin SpA , Enel Green Power SpA and Tod’s SpA will enter Italy’s benchmark FTSE MIB Index after the market closes on Dec. 17, FTSE Group said in an e-mailed statement yesterday.
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EasyJet Plc is set to ascend to the FTSE 100 Index next week, joining British Airways on the U.K. benchmark and confounding senior shareholder Stelios Haji- Ioannou’s opposition to its expansion strategy.
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FTSE Group will be the first to categorize the United Arab Emirates as an emerging market, helping attract part of the $3 trillion of funds that track the London-based index compiler’s benchmarks.
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