Foreign exchange
Fed expert to speak at OpRisk Asia
Daily news headlines
TradeCapture relocates to Houston
TradeCapture, an online software provider for commodity traders, has announced it will be moving its corporate headquarters to Houston , Texas from Stamford Connecticut .
Barcap offers Arabian exposure for offshore bonds
Barclays Capital has launched both the Five-Year Guaranteed Arabia Titans 50 and FTSE 100 Deposits designed exclusively for use within offshore bonds and UK wrap accounts.
Morgan Stanley launches double long and short ETNs
Morgan Stanley has launched two exchange-traded notes (ETNs), the Market Vectors-Double Long Euro ETN and the Market Vectors-Double Short Euro ETN, both of which are traded on NYSE Arca. The ETNs offer leveraged exposure to the euro/US dollar exchange…
HSBC global profits growth undermined by US losses
HSBC has announced a rise in global profits for the first three months of 2008 over the same period in 2007, despite heavy losses at the bank's US arm, where loan impairments and other charges sent pre-tax profits plunging by 39%.
MBIA losses climb to $2.4 billion
Monoline insurer MBIA reported a net loss of $2.4 billion for the first three months of the year today. Over the whole of 2007 it lost $1.9 billion.
Playing fair
Editor's blog
Crude nears $126 as speculator debate continues
Crude oil closed at a new record high of $125.96 a barrel on the New York Mercantile Exchange (Nymex) today as market participants moved to rubbish Democratic concerns that speculators were influencing prices.
Fed proposes unfair practices rules for cards and overdrafts
Daily news headlines
Talking Point
Emerging markets
$2.2 billion loss as Fannie Mae mortgage purchases continue
Fannie Mae has posted a $2.2 billion loss for the first three months of 2008 as the government-sponsored entity continues to take a battering for its role in propping up the ailing US mortgage market.
Crude surpasses $123 as Democrats blame speculators
Crude oil closed at a new record high of $123.53 a barrel on the New York Mercantile Exchange (Nymex).
CantorCO2e launches VER initiative
Environmental broker CantorCO2e has launched a new venture, the Social Carbon Company, to provide advice and carbon management services to project developers in the Verified Emission Reduction (VER) market.
BIS sets up new Americas council
Daily news headlines
Financial services confused over TCF
Daily news headlines
LPL financial moves into US independent adviser space
LPL Financial is expanding into the registered investment adviser (RIA) space in the US. The distributor is launching its own integrated adviser platform, with a full range of financial products, including structured products, set to be offered later…
5,500 jobs to go at UBS as losses continue
UBS will cut 5,500 jobs over the next 12 months as its losses due to subprime exposure continue, the bank announced today.
Fed ramps up bank support to $75 billion
The US Federal Reserve has increased the scale of its Term Auction Facility (TAF), intended to provide extra liquidity in the securities market, and has relaxed its criteria for collateral in another support, the Term Securities Lending Facility (TSLF).
Crude posts new high as analysts eye $200/bbl
Crude oil closed at a new record high of $121.84 a barrel on the New York Mercantile Exchange (Nymex).
New governor overhauls South Korea's financial watchdog
Daily news headlines
Deutsche Bank issues four commodity ETNs
Deutsche Bank has launched four exchange traded notes (ETNs) linked to the Deutsche Bank Liquid Commodity index and the Deutsche Bank Commodity Index-Optimum Yield, offering long, short and leveraged exposure to commodities.
Meteor launches protected equity fund
Meteor Asset Management has launched a new capital protected Ucits III fund. The fund provides exposure to FTSE 100 index volatility, with downside protection of 10%.