Source Pravda.Ru

Nasdaq Will Close Its Japanese Subsidiary

Nasdaq Japan will terminate its loss-making joint venture with the Osaka Stock Exchange. A special board meeting was held on Thursday evening to approve the US Nasdaq's recommendation to close its Japanese subsidiary only two years after its launch. Nasdaq is expected to wind down its operations in the next few months and pull out of Japan completely by November. Senior officials at Nasdaq International blamed poor market conditions, a weak Japanese economy and regulatory hurdles for the failure of Nasdaq Japan. Backers of Nasdaq Japan, which is 43 per cent owned by the US Nasdaq and 43 per cent by Softbank, the Japanese venture capital company, had hoped it would become the new home for technology start-ups. However, it has only 100 listed companies, about half the number it hoped to have by now. It also forecast it would attract 2,000 companies by 2005, a prediction that seems highly unrealistic now. Nasdaq International said listed companies would not see a disruption to their trading because they would still have access to capital markets through the OSE. ©

&to=http://www.nasdaq.com' target=_blank>NASDAQ

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The World Cup that is about to finish in Russia has shown that the Western propaganda machine has failed to create the image of Russia as a monster with "many tentacles." By and large, the Russians and the Ukrainians are close to each other

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