News
Enel launches renewables arm
Italian energy company Enel launched renewables arm Enel Green Power on December 1, to expand operating power generation from renewable resources in Europe and internationally.
Econcern to make €863 million investment in China
Renewables firm Econcern is to invest €863 million in four onshore wind projects in China. The total investment represents 720 megawatts of sustainable generation capacity.
Banks cut staff in Europe and US
More European and US banks joined the growing list of institutions to cut staff in the wake of the financial crisis.
Australian interest rate cut 100bp to 4.25%
The Reserve Bank of Australia (RBA) reduced its overnight interest rate today by 100bp to 4.25% - the lowest level since records began in 1990.
Five new partners for Arch Financial Products
London-based asset-managers, Arch Financial Products, last week appointed five new partners to expand its Middle Eastern and Asian operations.
Exotic derivatives head steps down at Citi
Alberto Cherubini, the former London-based head of exotic equity derivatives trading for Europe at Citi, has taken voluntary redundancy in order to pursue outside interests.
China NDFs weaken sharply on devaluation jitters
The price of Chinese renminbi non-deliverable forwards (NDFs) spiked sharply against the dollar in active trading this week, following a cut in interest rates by the People's Bank of China (PBOC) last week and fears that China would be unable to avoid…
Bank of Japan steps up support for corporate borrowing
The Bank of Japan will accept BBB-rated corporate debt as collateral for loans for the first time, in an effort to aid companies struggling for financing.
Sovereign CDSs hit all time highs
The cost of credit protection on a number of eurozone sovereigns reached record levels this morning, while financial institutions suffered from declining market sentiment.
Mortgage investors turn to analytics firms for due diligence on MBS assets
Baseline Capital and Edeus are two firms that have released evaluation tools for residential mortgage assets to help investors assess credit risk in securitisation pools