Feature/Foreign exchange
CAAM opens subsidiary in Malaysia
Crédit Agricole Asset Management (CAAM) has opened a subsidiary in Malaysia, which was established as a foreign fund management company. CAAM Malaysia holds a Capital Markets and Services License allowing it to carry out fund management in the country.
Db x-trackers delivers commodity ETF
Db x-trackers, the exchange-traded fund arm of Deutsche Bank, has launched its commodity ETF on the London Stock Exchange (LSE) tracking the Deutsche Bank Liquid Commodity Index - Optimum Yield (DBLCI OY Balanced). The db x-trackers DBLCI OY Balanced ETF…
Brazilian equity reverse convertible coupons soar
Annualised coupons offered on three-month reverse convertibles linked to Brazilian blue-chip stocks have soared over the past few months because of the extreme equity volatility environment. A reverse convertible priced in January last year on Vale do…
Citic Pacific parent company assumes currency losses
Mining and manufacturing company Citic Pacific in Hong Kong has reached an agreement with parent company, Citic Group, to provide critical financial support to meet liabilities from the exposure to leveraged FX contracts disclosed on October 20. (…
Minibond swap agreements terminated in Singapore
HSBC Institutional Trust Services (Singapore), the trustee for the Lehman Minibond programme, has terminated the swaps in the product for series 1 to 8 of the programme, which removes the risk of credit events in the underlying securities and helps to…
UK Treasury to hold session on remuneration
Daily news headlines
US firms likely to sell 50% of assets to Tarp
Daily news headlines
Barclays Wealth launches protected series
Barclays Wealth has launched a new range of protected investments that will be available until January 9 2009: a five-year regular income bond linked to the DJ Stoxx 50 index of European supersector stocks offers a fixed annual income of 7.75% or a…
What the financial crisis means for op risk
Editor's blog
Maybank launches Islamic commodity structured deposit
Malaysian bank Maybank has launched the Al-Sayf (MAS-i) structured Islamic deposit which is a sharia-compliant Mudharabah investment which is designed to provide exposure to the commodity-based Maybank Al-Sayf index.
Trades on the rise but volumes suffer in Switzerland
The number of structured product and warrant trades on the Swiss structured product exchange, Scoach broke all previous records in October, despite a 13% fall in the volume of Swiss franc issuance. Exchange-traded funds (ETFs), a separate category from…
End of the boom?
Canadian oil sands production has grown rapidly in recent years, but are rising project costs and falling oil prices now jeopardising projects? Pauline McCallion investigates
Paul Ezekiel
You don't need to be brain surgeon to be a successful carbon trader, but it helps, Paul Ezekiel, managing director and head of carbon trading at Credit Suisse, tells Pauline McCallion
Renewables call for transmission build
Many US states have ambitious renewable energy targets, but billions need to be spent on transmission infrastructure if this new power is to come on line. Susan Arterian Chang looks at the challenges involved in creating the interstate transmission…
PowerShares to release actively managed US Real Estate ETF
Invesco PowerShares has announced its plan to launch an actively managed US Real Estate exchange-traded fund (ETF) on NYSE Arca in November.
Warsaw witnesses its highest volumes in structured products
The Warsaw Stock Exchange (WSE) has recorded its highest monthly value in turnover of structured products, reining in more than Z26 million PLN (US$9.6 million). The figure includes €2.03 million on bonds and Z23.99 million on certificates. The WSE also…
What’s our policy?
Today’s volatile and unpredictablemarket conditions make itincreasingly important to designan overarching risk managementpolicy upon which a riskmanagement programme can bedefined and built. David Perez ofEnite offers some guidelines
Shale shake-up
With high natural gas prices, volatility and fewer financingoptions, shale gas developers are de-risking through jointventures and more aggressive hedging programmes. CatherineLacoursière reports
Barclays releases Guaranteed Deposit Accounts for offshore bonds
Barclays Capital has launched two deposit accounts as the latest in its structured deposit series for offshore bonds. The five-year Guaranteed Arabia Titans 50 Deposit Account provides exposure to 50 leading Arab stocks, represented by the Arabia Titans…
Carbon and waste ETFs hit Euronext Paris
EasyETF listed both low carbon and global waste exchange-traded funds (ETFs) on NYSE Euronext today. The EasyETF Low Carbon 100 Europe offers investors exposure to 100 blue-chip European companies that have the smallest carbon footprint relative to their…
Direxion burst into ETF market with eight leveraged ETFs
Direxion, a provider of alternative investment strategies, has entered the exchange-traded fund (ETF) arena with eight leveraged bull and bear ETFs, offering 300% leveraged exposure. The Direxion Shares 3x ETFs provide 300% of the daily performance, or…
SG takes a €370m hit on exotics and €447m loss on Lehman in Q3 2008
SG Corporate & Investment Banking reported a 14.3% increase in equity flow business over the third quarter of 2008, compared to the same quarter of 2007; also a 17.4% increase on the previous quarter. “However, structured products were penalised by an…
HSBC launches government-guaranteed steepener in US
HSBC has launched a new rates-linked certificate of deposit (CD) in the US. The deposit product lasts 15 years and is linked to the spread between 30 and five-year constant maturity swap (CMS) rates.
Investors' interest intensifies in hedge funds as countries compete for business
With vast sums looking for attractive investment opportunities, the Middle East is ripe for hedge fund development. While there are significant challenges still to overcome, liberalisation and the development of viable financial service centres are…