News
APGA supports Ferc decision to fine three companies
The American Public Gas Association (APGA) has applauded the US Federal Energy Regulatory Commission (Ferc) for its decision to fine three energy companies $8.1 million for sharing natural gas storage inventory data with their customers and affiliates. …
US companies fined for sharing gas storage data
Three US energy companies are to pay penalties totalling $8.1 million for sharing natural gas storage inventory data with their customers and affiliates. This is the result of a settlement with US interstate energy regulator the Federal Energy Regulatory…
Oklahoma utility sells $140 million of 30-year senior notes
Oklahoma Gas and Electric Company (OG&E), the power utility subsidiary of OGE Energy Corp, has sold $140 million of 6.5% 30-year senior notes to help finance a power plant purchase.
Growing differences in US and European convertibles markets, says report
The influence of hedge funds is driving leverage levels in the US and European convertibles markets in different directions, according to research published by Greenwich Associates, the Connecticut-based consultancy.
Morgan Stanley quant joins Caspian Capital
Caspian Capital, a New York-based hedge fund specialising in fixed-income strategies, has hired Ali Hirsa from Morgan Stanley as head of analytical trading strategies.
Mark-it and eClerx provide joint risk benchmarking services
Mark-it Partners, the daily pricing service for credit derivatives, has teamed up with Mumbai-based eClerx, a provider of data and risk analysis services, to provide joint clients with risk benchmarking capabilities using Mark-it credit and reference…
S&P strengthens in risk solutions
Standard and Poor’s has made two appointments to its risk solutions team in New York.
Edison Mission sells off foreign power assets, posts Q2 loss
California-based Edison Mission Energy is to sell its remaining foreign generation assets to London-based generator International Power and Japanese trader Mitsui & Co for $2.3 billion. International Power will take a 70% stake and Mitsui a 30% stake of…
Big increase in portfolio trading, says report
The most active US institutional traders executed half their equity trading volume through portfolio trades last year, according to consultants Greenwich Associates.
ABN Amro launches life and pensions advisory group
Dutch bank ABN Amro has created a life and pensions advisory group as part of its wider financial markets advisory team.
Dollar volatility could be back
The global currency markets could be in for a bout of unseasonal volatility and trading activity if the US dollar breaks through its recent range against the euro, traders said last week, reports RiskNews’ sister publication FX Week .
TXU sells Australian unit to Singapore Power, posts results
Energy company Singapore Power finalised the purchase of TXU Australia, part of Texas-based TXU Corp, on July 30 for $3.6 billion. TXU Corp’s 2004 second-quarter results reveal it has posted a $600 million loss, compared with $105 million net income in…
Bloomberg and Cognotec partner on streaming FX rates
Bloomberg is bringing streaming foreign exchange rates to users of its Bloomberg Professional terminals, courtesy of a joint venture with forex vendor Cognotec, the two firms will announce today, reports RiskNews’ sister publication FX Week .
Hedge fund industry grows 34%, says survey
The hedge fund industry grew 34% in 2003, from $592 billion to $795 billion, according to a survey by Hennessee, the New York hedge fund adviser.
Briefs
Regulatory update
Spitzer skips RBC inquiry
Regulatory Update
Political stirrings in run-up to EU CAD
Front Page News
Emerging nations consider Basel II
Front Page News
SEC’s ORA mission and structure outlined
Regulatory Update
EU CAD: behind the smiles
EU capital adequacy directive
US Group Issues New Broker 'Points' Guide
Regulatory Update
What's happening and when
What's coming and when
FSA opens up to industry
Regulatory Update
Outsourcing paper published
Regulatory Update