News
BarCap releases emerging market indexes
Barclays Capital has published a set of indexes based on inflation-linked government bonds in eight emerging markets.
Crude price surges past $95
Crude oil futures closed at a new record high Wednesday, driven by U.S. crude inventories dropping to the lowest level in two years and a falling dollar following the Federal Reserve’s rate cut.
ICE and Platts partner on pricing
Commodities information provider Platts is to integrate OTC market data from IntercontinentalExchange (ICE) into its forward curve data products for North American gas and power markets.
SocGen names northern Europe structured sales head
Société Générale Corporate and Investment Banking (SG CIB) has appointed Marc El Asmar as head of equity derivatives structured product sales and distribution for northern Europe.
Tax benefits spare Deutsche Bank’s profit blushes
Deutsche Bank recorded net profits of €1.6 billion for the third quarter, an improvement of 31% on the same period last year, as a result of tax reforms and rebates.
CFTC asks Congress for greater powers over ECMs
Oversight of trading on regulated futures markets and exempt commercial markets (ECMs) is generally satisfactory but some legislative action is still required, the Commodity Futures Trading Commission (CFTC) has concluded.
T-Zero appoints head for north America
T-Zero, a credit derivatives affirmation and connectivity provider based in London and New York, has appointed Clive de Ruig as head of its north American operations.
JP Morgan hires 50 for commodities teams
JP Morgan has announced 50 new hires for its commodities teams, focusing on energy and environmental products.
Global firms face increased pressure to address potential risks
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Federal carbon trading bill to be "passed next year,” says lawmaker
A Democrat on the US House of Representatives Energy and Commerce Committee says that a carbon cap and trade bill could be passed in the United States as soon as the middle of 2008.
O'Neal 'retires' as Merrill CEO after $8 billion writedown
Stan O'Neal, chief executive officer of Merrill Lynch, has left the firm with immediate effect, the company has confirmed.
UBS warns of continuing subprime risk
UBS has suffered significant losses from writedowns on asset-backed and mortgage-backed securities, and warns it remains exposed to further problems in the US housing and mortgage market.
Deutsche unveils new inflation team
Deutsche Bank has confirmed the appointment of Brice Benaben as global head of inflation.
McCreevy says financial crisis best solved behind closed doors
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Reuters launches Mifid best execution software
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Mifid is new compliance priority, says report
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US regulators to focus on consumer protection, says survey
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Crude oil sets new price record
Crude oil futures closed at a new record high Monday, driven by tight fundamentals, geopolitical tensions and a production setback in Mexico.
Macquarie consortium buys US utility
A consortium of infrastructure investors led by Macquarie Infrastructure Partners (MIP) has purchased utility company Puget Energy, based in Washington State.
Tullett Prebon poaches ABN Amro team to head electronic arm
London-based interdealer broker Tullett Prebon has named Paul Humphrey as chief executive of electronic broking.
FSA offers market abuse advice after “disappointing” hedge fund review
The Financial Services Authority (FSA) has issued new market abuse best practice proposals for hedge fund managers after a series of inspections turned up “disappointing” results.