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Temenos launches intelligence system for fraud prevention
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Government response to crisis will up fraud, says study
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Porsche makes a further €6.84bn on VW options
Porsche has made a further €6.84 billion from its holdings of cash-settled options on shares of its rival German car maker Volkswagen (VW).
House unveils draft cap and trade bill
Democrats in the House of Representatives issued draft legislation today proposing an 83% carbon cap by 2050 and a national renewable energy requirement of 25% by 2025.
Constellation completes sale of trading units
Constellation Energy this week completed the divestiture of its Houston-Based downstream natural gas and international coal and freight business units.
CDSs on US banks widen on fears of auto bankruptcies
The cost of credit protection on US banks increased yesterday, following the Obama administration's warning that it would let the US auto industry slide into bankruptcy if necessary.
IIF report shows banks making changes to pay structures
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Concrete steps taken on international regulation
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CDSs on European financials widen
As equity markets tumbled this morning amid fears the US government would not extend further aid to the auto industry, the cost of credit protection on European banks rose.
US Treasury outlines framework for regulatory reform
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Ceiops members approve financial crisis guidelines
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$9.2 billion derivatives losses for US banks in Q4
US commercial banks reported $9.2 billion in derivatives trading losses during the fourth quarter of 2008, bringing total trading losses in 2008 to $836 million, according to a quarterly report by the Office of the Comptroller of the Currency (OCC). This…
Iberdrola Renovables: “No change in investment plans”
Spanish energy company Iberdrola Renovables has confirmed that it still plans to deliver all the wind projects planned for this year and will continue with its strategic plan to invest €18.8 billion by the end of 2012.
Low oil price puts supply growth at risk
Future oil supply growth could be hit by the fall from last July's peak price of $147 per barrel, according to a new study, with 7.6m barrels per day (bpd) at risk between 2009 and 2014.
Shanghai steel futures begin trading
The Shanghai Futures Exchange launched trading in steel futures on March 26 to modest success, with a wide range of trading houses supporting the new contracts, traders and analysts said.
Top executives leave RBS Sempra
RBS Sempra Commodities has confirmed that president Frank Gallipoli and CEO David Messer have left the company.