News
China secures big Angola oil deal
Chinese oil refining, producing and trading company China Petroleum and Chemical (Sinopec) has acquired deep-water oil assets in Angola by buying a 55% stake in Sonangol Sinopec, in a bid to further secure its diverse portfolio of oil import security.
Negative carry presents corporate hedging conundrum
Steep interest rate yield curves cause corporate treasurers to focus on the cost of carry.
Basel Committee proposals could break IASB loan-loss deadlock
The Basel Committee has revealed its thinking on loan loss accounting to standard-setters and industry experts.
All Europe’s electricity could be from renewables by 2050, says PwC report
Europe and North Africa could be powered solely by renewable electricity by 2050 through the implementation of a SuperSmart Grid, according to a report issued this week by global advisory firm PricewaterhouseCoopers.
$500 billion reserve drain made crisis worse: IMF’s Ferhani
Deputy director says IMF research shows central bank reserve managers withdrew $500 billion from deposits at commercial banks during crisis
UK building societies fear new FSA guidance impedes competition
Sector fears new rules will make it harder to compete
IEA: Power prices 2010 will depend on government finance spend & carbon prices
The cost of electricity for 2010 onwards will depend heavily on how governments plan to raise financial capital for electricity generation as well as the price of carbon, say the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA)…
Carbon market will bounce back from recycled CER scandal, say brokers
The sale of two million recycled Certified Emission Reduction (CER) units, the latest in a series of setbacks for European carbon trading, has been absorbed by the market as another teething problem, according to carbon market participants.
Iraq’s oil output targets 'impossible'
The Iraqi government’s stated intention to increase oil capacity from 2.5 to 10-12 million barrels per day (b/d) over the next decade is impossible and actual production will fall far short of official stated targets, a panel of market experts has…
MAS consults on changes to corporate governance framework
The financial crisis prompts the Singapore regulator to tighten corporate governance rules with a focus on management boards and directors
SaaS poses operational and regulatory risks for asset managers
Outsourcing is about more than cutting costs
UNFCCC official: public and private sectors must work together on CDMs
The relationship between the public and private sector needs to be strengthened at a quicker pace to ensure the future of project-based mechanisms such as clean development mechanism (CDM) and joint implementation (JI) projects, says a United Nations…