Financing
Outlook positive for commodities investors
Investors are bullish about commodities in the long term, according Barcap's annual investor survey, with 79% of participants planning to initiate or increase their exposure to commodities over the next three years.
Scotia Capital acquires part of UBS Energy
Scotia Capital, a subsidiary of Scotiabank, today announced the acquisition of assets and employees from UBS Energy, a unit of UBS AG.
A barren landscape
The credit crunch has changed the investment landscape for major energy infrastructure projects, as companies review capex plans and finance drains away. Roderick Bruce examines the implications
To be or not to be in 2009?
Commodity hedge funds performed particularly badly last year, losing over $200 billion collectively, with 15% of energy funds now closing shop. Michael Laznicka of Gardner Finance asks whether commodity funds will reappear and recover in 2009
Vincent Van Pelt
Vincent Van Pelt is recognised within the banking industry for establishing businesses from scratch. Rachel Morison finds out what drives Standard Chartered's head of equities and commodities to keep starting again
Constellation sells commodities business to Goldman Sachs
Constellation Energy is to sell the majority of its London-based international commodities business, including its coal and freight operations and European energy trading units, to Goldman Sachs.
UBS buys AIG commodity indexing business
UBS has announced that it will acquire the commodity index business of AIG Financial Products Group. The deal includes the rights to the Dow Jones-AIG Commodity Index, an industry benchmark launched a decade ago.
Commodities cutbacks at Merrill Lynch
Bank of America through its recent acquisition Merrill Lynch has started to make redundancies within the commodities department in the past few days, according to an article in today's Times .
Gold and silver trading hits record levels in 2008
Trading in gold and silver reached record levels in 2008, spurred on by the perception of precious metals as a "safe haven" from the credit crisis, according to International Financial Services London (IFSL) Bullion Markets 2009 report.
Merrill Lynch sues Reliant over credit facility
Merrill Lynch has filed a suit with the New York Supreme Court claiming Houston-based Reliant Energy defaulted when it cancelled a $300m credit agreement on 5 December 2008.
JP Morgan buys UBS’ Canadian energy and ags businesses
UBS is to sell its Canadian energy and global agricultural commodities businesses to JP Morgan, it has announced.
The big finance freeze
Falling oil and gas prices, the credit squeeze and the economic slump are combining to hit energy project investment, while lack of trust in financial markets has sidelined structured products. By Maria Kielmass