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Oil & gas sector stung by Obama budget proposals
Tax changes proposed in President Obama's 2010 budget have raised concerns in the US oil & gas industry about supply security and price volatility. Pauline McCallion reports
“Slow and Painful” recovery for oil industry says Moodys
Ratings agency Moody's expects economic recovery within the global oil industry in 2010 to be 'slow and painful', according to its Industry Outlook for the Global Integrated Oil sector published last week.
EC looks to move standardised OTC derivatives onto exchanges
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UK chancellor warns bankers off a return to excess
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Austrac censures two banks over breaches of AML law
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Suspected oil rogue trader costs company £6 million
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US Wrap: Lively market focuses on energy and financials
The US market was showing convincing signs of life yesterday, with an impressive spread of 28 products launched by eight providers. The days of heaviest issuance have been dominated by reverse convertibles, but the structure only made up half of…
UK Wrap: Emerging Markets and bonds appear as underlyings
MSS has launched its first structured product in the UK market, offering a 100% capital protection. The six-year investment gives 100% participation in an equally-weighted basket consisting of four underlyings - subject to a maximum return of 45% growth.
Updated: Investec shares the wealth with income increase
Investec will increase the return on its five-year Capital Guaranteed FTSE 100 Income Plan 2 by 40 basis points due to changing market conditions.
EC looks to move standardised OTC derivatives onto exchanges
The European Commission (EC) today served notice of its intention to push standardised over-the-counter derivatives onto regulated exchanges, in a move that could prove unpopular among dealers.
Rogue PVM oil deals not behind price spike say traders
Unauthorised trading in Brent futures contracts on June 30 by a staff member at oil broker PVM was not the main cause of a spike in oil prices, according to traders.
Negative repos distort dividend hedging strategies
Abnormally low repurchase rates are forcing banks to hedge their dividend exposures with swaps instead of forwards.
Credit starts to flow, but more defaults ahead
Although credit availability has improved and lending costs have dropped in the UK, the rise in defaults is set to continue, according to the Bank of England's latest survey of the lending markets.
FSA announces final stage of internal operational reform
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