News
FOMC pledges to maintain scale of asset purchases
Federal Reserve fails to announce additional quantitative easing but pledges to keep size of purchases at current levels; calls for more easing spurred by weak jobs data
IEA: BP’s oil spill threatens future supply
The International Energy Agency (IEA) expresses major concerns over future oil supply, as new regulations threaten to tighten deepwater drilling, following BP’s Gulf of Mexico oil spill
Standard Chartered names Oswald as global head of fixed-income research
The UK-based bank has named an emerging markets specialist with a strong quantitative pedigree to run global fixed-income research
Private placement structured products boosted by retail mandates
The use of structured products by discretionaries who are managing money on behalf of retail advisers has helped the private placement market continue growing.
Nomura hires new Americas debt chief
Jim Merli leaves Barclays to take up newly created position of head of debt origination and debt syndicate for the Americas.
Standard & Poor's Angel leaving company
Executive managing director Tony Angel is leaving Standard & Poor's after two years
Energy firms' hedging programmes give mixed results
Hedging programmes for oil & gas companies show widely differing outcomes according to the latest flurry of company results
Bullish credit analysts back cyclicals
Cyclical credits offer good value for those bond investors confident about the state of the economy.
Nomura snares RBS's Melph as global head of central bank and sovereign wealth sales
Central banks and sovereign wealth funds have become an increasingly important source of revenue for derivatives dealers.
FTSE100 market values dwarfed by scheme deficits
For three firms, pension liabilities are more than double their equity market value
UK FSA exodus stokes fears of anaemic operations
Regulator revealed to have shed 121 personnel in second quarter of the year, 128% up on a year previous; insists it still draws top talent, but commentators worry resignations will weaken it
Haitong debuts RMB mutual fund in Hong Kong
The head of Hai Tong Asset Management in Hong Kong, which debuted the financial centre’s first renminbi mutual fund, says he expects an offshore renminbi convertible bond to emerge in Hong Kong and believes Beijing will approve a ‘mini-QFII’.
HSBC focuses on India, promotes country chief Kidwai to board
Chief executive Michael Geoghegan said the appointment reflects the importance of India in the bank's emerging markets strategy.
Morgan Stanley hires new Japan e-trading head
Takayuki Saito will become Japan head of Morgan Stanley electronic trading, which offers an algorithmic trading suite and various direct market access (DMA) strategies.
UBS rebuilds equity derivatives unit in Asia
The Swiss bank has hired Julien Bahurel from Morgan Stanley, promoted Michel Lee and recruited Gilbert Langner from Timber Hill in a bid to rebuild its equity derivatives business in the Asia-Pacific region.
TradingScreen launches corporate bond platform in Europe
TradingScreen has created a multilateral trading platform to streamline the process of corporate bond transactions by centralising the buying and selling of corporate bonds in Europe.
Basel III watered down by politics and not fit for purpose, says CLSA risk chief
The most recent draft of the Basel III proposals has been watered down by politics, according to an Asian risk officer.
Symbolic first 2020 EU carbon futures trade between JP Morgan and Gunvor
JP Morgan and Gunvor completed the first European Union 2020 over-the-counter European Union Allowance carbon contract on August 6, signalling their confidence in the European carbon markets
Investors inject $360m of new capital into Asian-focused hedge funds in Q2
Hedge funds in Asia were the recipients of large net asset fund inflows during the second quarter of 2010, reversing the trend witnessed in the first quarter
Flash crash lessons learned: Interview with Bannert-Thurner
Now that the dust has settled after the extraordinary May 6 ‘Flash Crash’, Victor Anderson catches up with FTEN’s Valerie Bannert-Thurner to discuss how technology can help guard against future crises
LCH.Clearnet in a raft of Asia deal talks
Clearing giant LCH.Clearnet strengthens its position in Asia as it looks to seal a number of clearing deals with a raft of exchanges and other market participants
Reliance makes third US shale gas field purchase in four months for $392 million
Latest US shale gas investment from Indian energy firm Reliance as the company seeks to bolster foreign investment
Selvaggi leaves Oric for Qatar Financial Centre
Oric head leaves London for a role at the Qatar Financial Centre Regulatory Authority
Nigerian political stability boosts oil production
Nigeria’s crude oil production is on the up, after geopolitical stability hints at consistent growth, says the NNPC