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London to be world carbon market centre
The UK’s early move into carbon emissions trading means London is now well placed to become a world centre for the emerging carbon market, UK Environment Minister Elliot Morley said Wednesday.
China Aviation Oil hid US$390m derivative loss in struggle to survive
China Aviation Oil’s trading unit, China Aviation Oil (Singapore) Corp (CAOSCO) hid an initial US$390 million loss while its directors sought “white knights” to save it from liquidation, it emerged yesterday as the company announced an estimated US$550…
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BoA loses Sandelman
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Freight market hits credit rocks
New Angles
Putnam Lovell hires hedge fund risk manager
Putnam Lovell NBF Securities has hired Avtar Vasu as a vice-president and risk manager in its alternative investment group in New York.
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Long live longevity bonds?
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Weather derivatives watershed?
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Dominion buys 310MW plant from Dynegy and NRG
Dominion Virginia Power, the power utility subsidiary of Dominion, today completed the purchase of the 310-megawatt Commonwealth power plant in Chesapeake, Virginia. The move is consistent with its aim of reducing the cost of long-term power purchase…
BNP makes European fixed-income hires
French banking group BNP Paribas has announced two appointments in its fixed-income business servicing German, Austrian and Swiss corporates.
First hearing scheduled for EU's CAD
BRUSSELS – A hearing is scheduled for November 22 on the EU's Capital Adequacy Directive and related legislative text in the European parliament. It is the first hearing on the directive since the parliament reconvened after the elections, and the…
QIS4 set to go international in 2005
BASEL, SWITZERLAND – Quantitative impact study four (QIS4) is about to go international, according to sources in Basel, the US and the EU. Although the Basel Committee on Banking Supervision won't take the co-ordinating role it did during previous QISs,…
Saudi to up oil output to 12.5 million b/d
Saudi Arabia’s total oil production capacity is now at 11 million barrels a day (b/d) and plans are in place to increase it to 12.5 million b/d, Saudi Arabia’s Minister of Petroleum and Mineral Resources, Mr Ali Al-Naimi, said Monday.