Business Digest, December 7, 2012

Hong Kong Exchanges and Clearing chairman Chow Chung-kong, chief executive Charles Li Xiaojia and head of market development Romnesh Lamba will join the board of London Metal Exchange Holdings after HKEx's takeover was completed yesterday after Britain's High Court gave its approval. LME chief executive Martin Abbott and chairman Brian Bender remain directors. The 10 other LME directors resigned. Enoch Yiu

The European Commission will seek to review merger rules next year in search of changes that could reduce tax evasion and fraud, an action plan released yesterday shows. The commission will also call for common anti-abuse standards to prevent firms from using an "artificial arrangement" to avoid taxes. Bloomberg