News
US carbon market addresses known unknowns
The election of Barack Obama as President has made a federal cap-and-trade emissions scheme in the US almost certain. Pauline McCallion reports on how stakeholders are coping with the remaining uncertainties
Demise of UK suppliers hits end-users hard
The near-simultaneous bankruptcies of the UK's only two independent energy suppliers has exposed problems in market frameworks and added to challenging operating conditions for end-users, finds Roderick Bruce
European carbon emissions saw increase in 2007
Despite reduction targets, major European electricity producers have increased their carbon emissions since 2007 according to a report released by PricewaterhouseCooper (PwC) last week.
Plastics futures to launch on DGCX
The Dubai Gold and Commodities Exchange (DGCX) will launch plastics futures contracts on February 5.
750 MW Welsh wind farm given go ahead
Npower Renewables, a subsidiary of German utility RWE, received permission on December 3 from the UK's Department of Energy and Climate Change to build and operate the 750 megawatt (MW) Gwynt y Mor wind farm off the coast of North Wales.
Interbank lending benefits from rates cuts
The sterling interbank borrowing rate has dropped significantly after the Bank of England's (BoE) move to cut interest rates to their lowest levels since 1951 on Thursday.
FSA to order banks to stock up on Treasuries
New liquidity rules proposed by the UK Financial Services Authority (FSA) will compel banks and lenders to keep a 'liquid assets buffer' of short-term government bonds, which will mean a significant increase in most banks' holdings.
FSA consults on new liquidity rules
Daily news headlines
NY approval brings Ice CDS clearing platform a step closer
The Intercontinental Exchange (Ice) has won permission to create a New York-chartered trust company, the next step towards the creation of its central counterparty (CCP) facility for credit default swaps (CDS).
SEC votes to tighten rules on rating agencies
The US Securities and Exchange Commission (SEC) voted yesterday for new rules governing rating agencies, aimed at reducing conflicts of interest in the ratings process.
Credit Suisse wields axe after Sfr3 billion loss
Credit Suisse is planning to cut 5,300 jobs following a Sfr3 billion ($2.5 billion) net loss at the firm during October and November this year. Two-thirds are expected to be in investment banking - the primary source of the bank's losses.