Foreign exchange
Heating up
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A long way to go
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Getting the green light
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Remapping the future
Inflation
AML: tough times continue
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Foreign exchange
OMX and Nord Pool to create Nord Pool International
Swedish exchange technology company OMX has acquired Norwegian derivatives exchange Nord Pool’s international derivatives products, along with its clearing and consulting operations.The two companies aim to create an international energy and carbon…
CPDO ratings hang in the balance
Investors in constant proportion debt obligations (CPDOs) were given an unwanted early Christmas present by rating agencies, as Standard & Poor’s (S&P) and Moody’s Investors Service put the ratings of CPDO notes on review for a possible downgrade.
Monolines in a world of pain
The shockwaves emanating from the monoline industry show no signs of easing up before Christmas. It had seemed that the pressure was abating, as the beleaguered financial guarantors had started to secure some much-needed capital to bolster their ratings,…
EDF Trading makes Polish power debut
EDF Trading has completed its first electricity trades in Poland, executed in the spot and forward markets, after obtaining a Polish trading licence.
Dry market forces ABX roll delay
Market information provider Markit has postponed the next roll of its ABX.HE index, due on January 19, for three months.
Barclays releases Super Tracker plan as dual option
Barclays Wealth will release the Super Tracker plan, on January 1 2008, in the form of a dual option, which will allow investors to potentially double their investment from a 10% rise in the DJ Euro Stoxx 50 index. The growth product is a five-year…
Italease to launch securitisation repo
Troubled Milanese leasing specialist Banca Italease plans to securitise an €800 million portion of its lease portfolio, structured with ABN Amro.
Goldman $3.2bn profit masks $600m subprime writedown
Goldman Sachs has posted impressive returns for the last quarter of 2007, but has confirmed losses of around $600 million in its mortgage business.
ECB takes further steps to improve liquidity
The European Central Bank (ECB) has boosted levels of liquidity over the Christmas period by lending €348.6 billion in a main refinancing operation that matures on January 4.
EEX and Powernext agree to merge
The board of Germany’s European Energy Exchange (EEX) has agreed plans for the exchange to pool its power spot and futures markets with France’s Powernext exchange, laying the foundations for a pan-European energy exchange.
Central banks offer $20bn auctions to revive liquidity
The Federal Reserve, the European Central Bank (ECB) and the central banks of the UK, Canada and Switzerland have agreed upon a series of auctions to provide billions for credit-starved financial institutions.
Banks not ready for Sepa, says report
Daily news headlines
Renewables set to lose out as Energy Bill stalls in Senate
US Republicans have forced Democrat supporters of the Energy bill to drop a controversial tax provision that would have cut tax breaks to major oil companies in an effort to boost spending on renewables.
Australian banks prepare for Basel II
Daily news headlines