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The London Stock Exchange has triumphed in its attempt to take over LCH.Clearnet, the London-based clearing house, after the clearer’s board favoured the UK bourse over Markit, the rival bidder and another person familiar with the matter said on Tuesday. more...

Greece's parliament gave Prime Minister Papandreou a midnight vote of confidence, but the move doesn't mean Greece will ultimately go along with the austerity plan, or even avoid default. more...