If it's what the elite seek, it should be offered to all, says Paul Beckett, WSJ bureau chief in New Delhi.
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Wednesday, July 1, 2009
BONY Takes Stake in Nasdaq Unit
Bank of New York Mellon acquired a minority stake in International Derivatives Clearing Group, a unit of Nasdaq OMX Group, to create a derivatives clearing platform.
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Taiwan Opens to Mainland Investors
Taiwan opened its doors to investment by mainland Chinese companies in 100 sectors, a major step forward for improved ties between the longtime rivals.
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Airlines Cut IT Spending
Airlines are slashing investments in information technology overall, but boosting spending in customer-oriented areas, amid the industry's worst downturn in years.
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