Foreign exchange
Morgan Stanley offers new currency ETNs
Morgan Stanley has issued two new exchange traded notes (ETNs) linked to the Chinese Renminbi and the Indian Rupee. Each note will be listed on the Arca platform of the New York Stock Exchange (NYSE), and investment manager Van Eck Global will market the…
S&P launches first real-time currency indexes
S&P has launched the first real-time currency indexes, the S&P Chinese Renminbi index and Indian Rupee index, which are designed to provide exposure to emerging economic countries that currently lack a liquid currency futures market.
RGGI allowance auction date announced
States participating in the Regional Greenhouse Gas Initiative (RGGI), an agreement among the Governors of ten Northeastern and Mid-Atlantic states to reduce greenhouse gases from power plants, have announced the date for the first ever CO2 allowance…
Tullett Prebon acquires Primex
Interdealer broker Tullett Prebon is to acquire petroleum products broker Primex.
Fed will support securities market directly
The US Federal Reserve Bank will start backing primary securities dealers as well as banks through its discount in another attempt to stave off a general financial collapse, it announced yesterday.
JP Morgan buys Bear Stearns after receiving Fed guarantee
JP Morgan, the middleman in the Federal Reserve's discount-window attempt to prop up Bear Stearns on Friday, will buy the troubled bank at a knockdown price.
Bank writedowns - is the worst over?
The credit crisis that has roiled the financial markets has wiped out massive amounts of value from banks' balance sheets, resulting in crippling losses for some banks. Most recently, HSBC announced a 79% rise in loan impairment charges and credit risk…
Margin calls bring mortgage funds to their knees
Funds that invest in asset-backed securities (ABSs) are struggling to cope with hikes in margin calls from investors – and some are even collapsing.
FSA clamps down on insider trading
Editor's blog
US regulators tighten grip on mortgage lenders
Daily news headlines
Oil falls after record week
Crude oil for April delivery closed down 12 cents to $110.21 a barrel on the New York Mercantile Exchange (Nymex).
Gazprom Marketing & Trading makes smart metering investment
Gazprom Marketing & Trading, the UK-based subsidiary of the Russian natural gas giant has taken an equity stake in a leading automated meter reading supplier.
Fed bails out Bear Stearns
The Federal Reserve Bank of New York has stepped in to prevent insolvency at Bear Stearns, offering to provide liquidity through JP Morgan.
Sovereign wealth funds spark lively debate
At the Sovereign Wealth Management conference - hosted by Central Banking Publications in London on Thursday - calls for greater transparency by sovereign wealth funds were matched by demands from the funds themselves for fair regulatory treatment.
New LevX series to debut
Markit has announced the launch of the Markit iTraxx LevX Series 2 leveraged loan index for European loans.
Central banks act again to preserve liquidity
Led by the US Federal Reserve, five central banks have announced measures to improve short-term liquidity as the financial sector remains short of funding.
Crude Oil surges to $107
The New York Mercantile Exchange (Nymex) benchmark oil contract has exceeded $107 per barrel in midday trading as the value of the US dollar continues to plunge
More finger pointing in the US
Editor's blog
International regulators release risk management report
Daily news headlines
Crude rally continues as analysts eye $115 oil
West Texas Intermediate (WTI) crude for April delivery surged to over $105/bbl on Thursday as analysts questioned how much longer the rally could continue.