News
ICE acquires ChemConnect's commodity business
IntercontinentalExchange (ICE) has agreed to acquire ChemConnect’s commodity trading business. ChemConnect is an electronic marketplace for the $150billion US natural gas liquids (NGLs) and chemicals markets.
More cooperation likely in oil industry
The long term challenge to access and develop new oil reserves is likely to foster greater cooperation between the international majors and some national oil companies, says a report on the sector by Moody's Investors Service, a credit ratings agency.
Financial services dominate CDS market, says GFI market update
Financial services were the busiest sectors of the credit default swap market in May in both the US and Asia, according to a report from US interdealer broker GFI.
Bank of America promotes White to head of global markets
Bank of America has announced the promotion of Mark White to replace Mark Werner as head of global markets at its New York office.
Swiss Re brings first Mediterranean quake bonds
Swiss Re, the Zurich-based reinsurance company, has announced the closing of what it claims is the first Mediterranean earthquake risk bond.
Fears over LatAm consumer credit boom
A lending spree by Latin American banks has led to a massive rise in consumer debt. Banks are content to securitise these loans, but what happens when consumers start defaulting?
India publishes credit derivatives guidelines
New guidelines from the Indian central bank are intended to kick-start development of the credit derivatives market in the region. But are the restrictions too limiting to be of any use?