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Xinhua Financial to Acquire MNI

NEWSWIRES

Hong Kong financial information provider Xinhua Financial Network (XFN) is close to signing a deal to acquire Market News International (MNI), a New York-based financial news and analysis company specializing in foreign exchange and fixed-income markets.

The deal, which should be completed by the end of January 2004, means that both companies will be able to extend their current services by sharing content.

"MNI is a dominant player in the US and Europe, and Xinhua…has a strong foothold in Asia,"

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