Friday, 29 June 2012

Epic Take Over

The news of Hong kong stock exchange buying 135 year old London Metal Exchange signifies a tetonic shift in center of power & money. The HK stock exchange has given an offer of 1.4 billion pounds for all 12.9 million shares.
        LME from where global commodity prices are being decided will be controlled by stake holders from China. This is significant shift as demand for commodity dwindles in Europe & America , Asian countries become drivers of economy. The take over still needs share holders approval which will be fearcily apposed as westerners wont leave control over such power house which can make or break commodity markets.

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