Shareholders approved Reuters Holdings PLC's proposed extension of its borrowing limits at an extraordinary general meeting last week, although Reuters maintains that it has no immediate acquisition plans.
The move boosts Reuters' borrowing powers from twice to 2.5 times adjusted capital and reserves. Based on Reuters' position at the end of last year, the resolution lifts the company's ceiling on borrowing to 1.02 billion pounds sterling ($1.67 billion) from 816.6 million pounds sterling ($
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails