Globalization forces world stock market consolidation
'Globalization is rapidly reshaping world stock markets with the New York-Euronext merger raising questions about the future of European bourses sidelined by the new transatlantic mega-market.
The New York Stock Exchange and Euronext moved Thursday to end the long-running battle for control of the Paris-based bourse by agreeing to a forge a new share market that would bring together companies with a total market value of about 27 trillion dollars.'
