Energy
Malaysia’s ASM Investment offers fund invests in structured product
Investment manager ASM Investment in Malaysia has launched a fund that invests 96% of its assets in a three-year Ringgit-denominated structured product issued by Deutsche Bank. The return of the structured product is linked to nine underlying assets:…
Lithuania to auction EUAs
The Lithuanian Environmental Investment Fund is to offer 552,000 EU Allowances (EUAs) for online auction.
Indexchange launches new commodity ETF to trade on Xetra
German-based ETF specialist Indexchange Investment has launched the Dow Jones AIG Commodity Swap ETF on the XTF segment on Deutsche Börse’s Xetra.
US firms not disadvantaged by Sox, claims Oxley
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Nymex confirms sale talks
Following months of heightened speculation, Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex) has released a statement confirming it has been in “preliminary” talks to be purchased.
US Futures Exchange to launch weekly binary options
The Chicago-based US Futures Exchange (USFE) will offer weekly binary options, each with nine or more strikes, to let investors take positions on the performance of five assets - crude oil, gasoline, gold, silver and the euro. The contracts are valued at…
Evolution expands into global merchant banking
Evolution Markets Financial Services, a subsidiary of environmental market brokerage Evolution Markets, is set to expand its range of activities across global merchant banking within the environmental, energy and clean energy sectors.
House passes controversial energy bills
A controversial bill to re-direct $15 billion in oil-industry tax breaks towards renewable energy initiatives over the next decade has been passed in the US House.
Merrill Lynch launches new Energy Efficiency Index
US investment bank Merrill Lynch has launched the Energy Efficiency Index, which identifies industry sectors which should benefit from the drive to improve global energy efficiency.
ETF Securities launches six new oil ETCs
ETF Securities (ETFS) has launched six new oil Exchange Traded Commodities (ETCs) on the London Stock Exchange (LSE), offering direct exposure to one, two and three-year oil futures prices in Brent and WTI oil benchmarks.
Court of appeals rules in favor of Ice in Nymex litigation
The United States Court of Appeals for the Second Circuit has ruled in favour of IntercontinentalExchange in its long-running litigation with the New York Mercantile Exchange (Nymex) over the right of market participants to use Nymex settlement prices.
Getting strongly bullish about the prospects and future opportunities in the land of the bear
russia equity long/short
Credit Suisse joins global warming index world
Credit Suisse has launched a new global warming index, offering the opportunity to invest in renewable energy and carbon controlling stocks which are selected by the bank’s equity research and Holt teams.
Lufthansa
The German airline group stresses strong communication between those handling the physical and financial sides of the business as paramount to energy price risk management
Adelaide Brighton
Volatility in the Australian power market has forced the cement manufacturer to employ some innovative risk management and asset optimisation solutions
Tales from the sell side
Asia, and in particular China and India, represents the largest source of project-related emissions reduction credits going into the UN's Clean Development Mechanism system. Oliver Holtaway speaks to Asia Carbon Exchange's N Yuvaraj Dinesh Babu about the…
AstraZeneca
Pharmaceutical company AstraZeneca has restructured its supply contracts towards a more flexible model
Weathering risk
Earlier this year, Storm Exchange unveiled its electronic weather exchange, based on 500 proprietary, industry-specific weather indexes serving the over-the-counter markets. David Watkins speaks to David Riker, Storm's president and chief executive,…
Weighing up the options
Mounting domestic environmental issues and worldwide energy security uncertainty are pushing the Chinese government to consider the full gamut of energy options – including renewables. Yue Zhang and Chong Siang Chew of the Institute of Energy Economics,…
Edward Morse
Previously a professor, a politician and now chief energy economist at Lehman Brothers, Edward Morse talks to David Watkins about his accidental career in energy
Tentative decisions
Private equity has shied away from investment in energy assets in the past. But as Ian Bagshaw and Charles Jacobs, partners at Linklaters, explain, some players are now starting to show an interest
Stora Enso
The Scandinavian paper maker has found that having its own generation assets can be an effective hedge against rising and volatile power prices
South Korea hedges its bets
Corporate hedging of energy and commodity price risk in South Korea used to be the purview of a handful of large conglomerates. But a recent change in regulation has opened up the door to a whole new tier of potential hedgers. Local banks are now teaming…
Matchmakers
Post-trade confirmation in the energy market, once slow and prone to error, is becoming increasingly efficient due to the successful rollout of trade confirmation standards. David Watkins looks at how two of the competing standards have developed