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Business

German Nasdaq to Close

The German electronic trading platform Nasdaq Deutschland will be closed, sources close to the firm told Reuters and the Berlin-based Tagespiegel newspaper. The company's supervisory board will be meeting on Monday to discuss the Nasdaq's future. The technology market was launched in March. The U.S. Nasdaq has the largest stake in the German firm, which is also owned by Commerzbank, Dresdner Bank and the Berlin-Bremen Stock Markets: Neither Nasdaq Deutschland nor the banks have so far commented on the reports.