News
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.
Banks call for Basel III rewrite as QIS exercise ends
The industry hopes the impact study will lead to a rewrite of proposed new rules on capital, liquidity and leverage.
TriOptima releases first rates repository figures
The TriOptima-run interest rate derivatives trade repository has registered $448 trillion notional in transactions, as of the end of March.
First US offshore wind farm approved
The first US offshore wind farm has been approved by the US government in an area of the Outer Continental Shelf, with the potential to eventually provide 1 million megawatts of offshore energy.
US financial reform to be debated after Republicans cave in
After three attempts to block debate on financial reform, Senate Republicans gave in last night and agreed to let the bill through.