Word: frankfurts
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...This is a city of sometimes incongruous pleasures, an important business center set in what feels like a holiday resort-Frankfurt on the C?te d'Azur. The subtropical climate lures office workers to sun themselves in the early evening on the golden chain of Pacific beaches; million-dollar yachts chase rust-stained dinghies between the cream-and-green ferries on the harbor; ships like concrete office blocks glide under the Harbour Bridge to the container wharves, past tourists beaming over the gunwales of replica 18th century sailing vessels. The twin architectural highlights of Bridge and Opera House flank a modern...
...first quarter of 2000, well above the pace of almost $1 billion for all of 1999. Meanwhile, more than 150 foreign businesses, including giants like Cable & Wireless and Hitachi Data Systems, have parachuted into Fairfax County, and the Fairfax County government has established offices in London, Tokyo and Frankfurt. Says Alan Merten, president of George Mason University, the region's most tech-focused academic center: "The Washington region has become a global player...
...bear can be major or minor 36. Puerto Rico's pro-independence leader, who protested at 28-Across 38. Camp __ (site of the Lockerbie trial) 39. They were grounded by Reagan 41. It's working with the U.N. on a cease-fire 45. Its stock exchange will merge with Frankfurt's 50. "Peek-__!" 51. Mai __ (rum drink) 53. Word on a $1 bill 54. Gore says Bush is stuck in a cold-war -- warp 55. __ lane (rush-hour convenience) 56. Tiger's pocketful 57. Merlin, for one 58. Corrida cry 59. Vortex...
...Frankfurt market's Xetra trading system is the real success story of the merger. "Ten years ago, you'd have been laughed out of the room for suggesting that London and Frankfurt could merge as equals," says Hornik. "At that time, the German bourse amounted to nothing. But they were much faster to take advantage of the possibilities of high tech, and the Frankfurt market has turned itself into Europe's NASDAQ - the center of the continent's burgeoning technology investment sector." NASDAQ appears to have recognized that reality, too, by signing a memorandum of understanding with...
...legally bound to keep the bulk of its investments in the same currency as its liabilities, i.e., Dutch guilders. The euro made it possible for them to invest across borders, which has been an inefficient and costly process as long as each country maintains its own bourse." The London-Frankfurt merger, which will later include the Spanish and Italian stock exchanges, follows an earlier merger between the Paris, Amsterdam and Brussels markets. "The globalization of the stock market is inevitable," says TIME business editor William Saporito. "Local stock markets came into being only because everything was bought and sold locally...