News
Sovereign CDSs balloon as equity markets crash
CDS spreads on vulnerable eurozone countries widened dramatically today as stock markets crashed over uncertainty surrounding the Greek bailout.
Green Exchange’s London launch brings Nymex carbon products to Europe
The New York Mercantile Exchange's (Nymex) environmental products trading platform, the Green Exchange, has announced the opening of a London office, in an attempt to penetrate the European carbon space. Green Exchange International intends to list…
Basel Committee’s Walter: Basel III on track
A package of reforms to the Basel II capital framework will be calibrated by year-end as planned, says secretary-general.
Carbon market welcomes ICE purchase of CCX
The Intercontinental Exchange (ICE) has announced the £395m acquisition of The Climate Exchange. The two entities have been partners since 2003.
European oil refineries profitability to drop off
European oil refineries have little chance of making profits for companies over the next two years, despite the sector’s first quarter burst of profitability, say industry analysts.
BNP Paribas’ commodity research to triple
French investment bank BNP Paribas is set to more than triple its commodity research team, across metals, soft commodities and carbon emissions, in order to bolster its trading side as it goes on an aggressive drive to gather more hedge funds and…
Through-the-cycle haircut in securities financing likely, says senior regulator
Supervisors look to keep a firmer grip on securities lending haircuts to prevent asset bubbles from forming.
Volcanic ash cloud could reduce airlines’ carbon allowances
Market experts have warned that last week’s Europe-wide flight disruptions, following the volcanic ash cloud precaution, will affect the aviation industry’s carbon allocations under the European Union’s Emissions Trading Scheme (EU ETS) from 2012.
Deal could trigger downgrade for E.ON US and subsidiaries
German power and gas company E.ON's decision to sell its US subsidiary to PPL Corporation for $7.625 billion has resulted in a ratings review and possible downgrade for E.ON US.