Commodities/Foreign exchange
BlueNext and Markit announce new carbon index
Environmental exchange BlueNext has announced that it will form a strategic partnership with financial information provider Markit, to create a range of emission index products.
Regulators and exchanges prepare for boom in carbon trading
As the Obama administration moves closer to introducing a cap-and-trade system for controlling greenhouse gases, US regulators and other players are preparing for steep growth in the emissions market.
Regulator expands energy panel to examine carbon trading
The Commodity Futures Trading Commission (CFTC) has appointed 11 members to a newly expanded panel established to prepare the government for carbon trading.
LCH.Clearnet to clear iron ore swaps
London based clearing house LCH.Clearnet has announced that it will clear over the counter (OTC) iron ore swap contracts before the end of May.
Platts price assessment proposals face scrutiny
Questions have been raised in the energy trading sector about Platts' decision to align its US fixed price and differential crude oil and products assessments at 3.15pm eastern time (ET).
Shale gas production could reduce Europe's dependence on Russia
Rising shale gas production in the US and Canada as well as potential natural gas supplies from Iraq could reduce European energy dependence on Russia, according to a new study released today by Rice University's Baker Institute for Public Policy.
It's payback time
If you still wake up in a cold sweat, haunted by the memory of opening your 2008 bonus slip, you're not alone. Credit professionals across the board saw their bonuses slashed last year. But not all banks were forced to scale back their remuneration…
A downward spiral?
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Goldman's commodity record
Record results for first-quarter 2009 commodity trading driven by competitive dynamics, wider margins and liquid transactions
Providers bank on Russia recovery
Arc Capital and Income has launched the second tranche of its Emerging Markets Russia plan for UK investors. The latest issue follows the launch of four new tradeable Russian sector indexes on March 31 by the Vienna Stock Exchange (VSE), which are…
BlueNext to move into US carbon market
European environmental exchange BlueNext has announced plans to open a New York office this summer and launch Regional Greenhouse Gas Initiative (RGGI) products by the end of 2009.
Ex-SemGroup CEO denies trading strategy caused bankruptcy
Former SemGroup chief Tom Kivisto has criticized a court report that stated his speculative oil trading drove the company to bankruptcy.
Morgan Stanley named in FCStone saga
Morgan Stanley has revealed its role in the disposal of a loss-making energy trading account by FCStone in March 2009.
RWE/E.ON and EDF win UK nuclear auction
The UK government has confirmed that the Nuclear Decommissioning Authority has successfully completed the auction of three potential new nuclear sites for a combined total of £387 million, significantly more than the government had previously expected to…
Carbon trading volumes up but market value down in 2009
Trading volumes in the global carbon market grew by 37% in the first quarter of 2009, compared to quarter four of 2008, according to New Carbon Finance.