News
NYSE-Euronext wins landslide shareholder approval
In a ballot held at a special meeting today, participating NYSE Group shareholders cast 99.7% of votes in favour of a merger with Euronext.
Statoil buys Hydro’s oil and gas assets
Norwegian companies Hydro and Statoil have agreed a merger of Hydro’s oil and gas activities with Statoil, creating the world’s largest offshore operator in an estimated $28billion deal.
globalCOAL settles with GFI in dispute over physical coal contract
Electronic trading platform globalCOAL has fended off another attempt by a major inter-dealer broker to use its products on their own screens, after reaching an agreement with GFI to prevent any use of its Standard Coal Trading Agreement (SCoTA) on its…
JP Morgan and Goldman restructure foreign exchange
JP Morgan and Goldman Sachs have made senior management changes to their foreign exchange divisions that will come into effect early next year.
JP Morgan launches implied volatility indexes
JP Morgan has launched indexes tracking the level of implied volatility in G7 and emerging-market economies.
Credit Suisse get Vietnam's approval to trade stocks and bonds
Credit Suisse has received approval from the Vietnamese authorities to trade domestic equities and government and corporate bonds, the bank said in a statement released last week.
London-based UBS structurer departs
Jamil Ghalayini, London-based foreign exchange structurer at UBS, has left the bank.
NAB gets regulator’s nod to resume risk modelling
National Australia Bank (NAB) has received approval from the Australian Prudential Regulation Authority (Apra) to resume use of its internal model for the calculation of the market risk component of risk-weighted assets, the bank said in a statement…
RBS builds e-commerce team
The Royal Bank of Scotland (RBS) has made a series of hires in its e-commerce division.
FSA publishes Market Watch newsletter
The FSA has published a Market Watch newsletter
98% of Euronext shareholders approve NYSE deal
At an extraordinary general meeting in Amsterdam, participating Euronext shareholders cast 70.3 million votes - 98% of the total - in favour of the exchange's planned merger with NYSE Group.
Lehman names Italy chief and new head of European fixed-income sales
Lehman Brothers has named Riccardo Banchetti as chief executive for Italy
Bondholders agree last ditch Eurotunnel refinancing plan
The group of investors holding subordinated debt in Eurotunnel voted yesterday to support the beleaguered Channel Tunnel operator’s latest debt restructuring plan.
Reuters and TMA to launch renminbi swap offer rate fixing
Reuters and the Hong Kong Treasury Markets Association (TMA) will launch a renminbi swap offer rate fixing on 18 December.
Headhunting firm expands credit sales
Hutton Consulting is expanding its credit headhunting business by branching out into fixed income sales.
IRA Releases Q3 2006 Economic Capital Profiles for all US banks
IRA has released Q3 2006 Economic Capital, Basel II and financial performance indicators for all US banks
First trade for Creditex's online bulk CDS platform
Q-Wixx, the US credit derivatives technology company, has conducted its first electronic trade of a bundle of credit default swap (CDS) contacts.
Reuters launches new China pension index
Reuters has launched a second China pension index, as part of its efforts to create investment performance benchmarks for the country’s enterprise annuity funds.