Market News International sold to Xinhua Financial Network.Xinhua Financial Network Ltd. (Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ), a news agency launched four years ago by U.S. expatriate Fredy Bush, has acquired financial news service Market News International (MNI See Merom New Instructions. ; New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ). No terms of the deal were given. MNI was represented by Jordan, Edmiston Group (New York). MNI is a provider of information and intelligence for professionals in the financial markets, including traders and investors. The company's online subscription products include: The Main Wire, with information on the global financial markets; Foreign Exchange Bullet Points, with information on currency markets; Fixed-Income Bullet Points, with data on the fixed-income markets; and, The Breckner Report, covering developments at the Federal Reserve. MNI has about 5000 subscribers. Xinhua Financial Network's largest investor (20%) is China's Xinhua News Agency “Xinhua” redirects here. For other uses, see Xinhua (disambiguation). The Xinhua News Agency (Simplified Chinese: 新华社; Traditional Chinese: . The remainder of the company is owned by private individuals and institutional investors, including Nob Hill Noun 1. Nob Hill - a fashionable neighborhood in San Francisco San Francisco - a port in western California near the Golden Gate that is one of the major industrial and transportation centers; it has one of the world's finest harbors; site of the Golden Gate Bridge Capital. The deal is the first acquisition of a Western news service by a Chinese company and may Indicate China's intention to become more involved In world financial markets. |
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