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UK/US: Derivatives Traders Assess New Regs

MILESTONES: UNITED KINGDOM / UNITED STATES By Anita Hawser Banks are scrambling to launch electronic trading platforms for derivatives transactions such as credit default swaps (CDSs) in an attempt to get ahead of planned regulatory changes aimed at ...

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US: Greifeld Seeks Merger Partner for Nasdaq OMX

NEWSMAKERS: UNITED STATES By the Gordon Platt Robert Greifeld, chief executive of Nasdaq OMX, has been the odd man out in the search for a merger partner to keep the New York–based stock market viable in a world ...

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US: Nuclear Energy Central To Policy

MILESTONES: UNITED STATES By Gordon Platt Panic-stricken residents of Western US states cleared pharmacy shelves of potassium iodide tablets last month, amid fears that radiation from Japan’s nuclear crisis could reach the West Coast. Obama: No plans ...

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Canada / UK: Friction From Toronto-London Exchange Deal

MILESTONES: CANADA / UNITED KINGDOM By Erik Heinrich London Stock Exchange: Dominant partner? The proposed merger between the London Stock Exchange (LSE) and the Toronto Stock Exchange (TSX) has prompted criticisms that it would not be, as the ...

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Ecuador / US: Record Fine Sparks Fierce Legal Battle

MILESTONES: ECUADOR/UNITED STATES By Antonio Guerrero Still waiting: Chevron's appeal delays payment of its fine When a provincial court in Ecuador in February ordered Chevron to pay an $8.6 billion fine for damaging the rainforest, the ruling intensified an ...

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US: Cash-Poor States Eye Corporate Tax Hikes

MILESTONES: UNITED STATES By Denise Bedell As budget season for US State and municipal authorities pushes into high gear, and as hedge funds and money managers begin touting the potential value of distressed municipal bonds,US-based corporations may find themselves ...

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US: Treasurers Oppose Tighter Rules On MMFs

NEWSMAKERS: UNITED STATES By Anita Hawser Proprietary trading by banks and OTC derivatives has come under increased regulatory scrutiny following the 2008 subprime crisis, but, to the surprise of many, regulators are also fixing their gaze on money ...

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US: Obama Sets New Course For Next Two Years

NEWSMAKERS: UNITED STATES By Gordon Platt Obama: Changing course President Barack Obama's tax deal with the Republican opposition and his efforts to woo business leaders demonstrate a willingness to compromise and suggest a new direction for his administration ...

Award Winners

Best Derivatives Providers: North America

WINNERS: NORTH AMERICA Best Commodity Derivatives Provider Goldman Sachs In the wake of the credit crunch in 2007 and the stock market crash of 2008, hundreds of billions of dollars poured out of stocks and bonds and into commodities, ...

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Canada: Potash Snub Stirs Protectionist Fears

MILESTONES: CANADA By Denise Bedell Harper: Potash decision prompts concerns When Canada's government blocked Australian mining firm BHP Billiton's $39 billion bid for fertilizer giant Potash of Saskatchewan, it did more than put a dent in the Canadian ...

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United States: Can Consumers Rescue The US Economy?

NEWSMAKERS: UNITED STATES By Gordon Platt Spending again: US shoppers head to the mall Surprisingly strong US retail sales in September virtually ruled out the possibility of a double-dip recession. Consumer spending, which accounts for two-thirds of US ...

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The Great Recession Lives Up To Its Name

MILESTONES: UNITED STATES By Gordon Platt It's official. The US recession that came to be known as the Great Recession is over. In fact, it's been over for more than a year, having officially ended in June 2009, ...