Financing
CME makes offer for Nymex
The Chicago Mercantile Exchange (CME) has confirmed that it has made an offer for the New York Mercantile Exchange (Nymex).
Bank of America closes London commodities desk
Bank of America has closed its London-based energy and commodities trading desk as part of a global “realignment” strategy of its investment banking division that will see a total of 650 employees made redundant.
Green backing
The financing of renewable energy projects is becoming more attractive, as rising demand and prices make it a safer investment. The subprime crisis will tip the balance further in favour of green investment and open up opportunities for end-users to…
Schroder Investment Management
Schroder Investment Management launches Alternative Solutions Commodity Fund to the Hong Kong retail public
The tide is high
Soaring dry freight prices due to the booming trade in global commoditieshave encouraged a wealth of new participants into the freight market. Buthow long can the party last? Oliver Holtaway investigates
Commodity investor sophistication increasing, says Barclays Capital
A survey of 150 Barclays Capital clients has found that half expect to have more than a 10% exposure to commodities in their portfolios, a threefold increase from a similar poll carried out in 2005.
The future arrives for renewables
The emerging market in renewable energy futures is expected to lower the cost of financing renewables and smooth out the volatility often encountered when running intermittent renewable resources, such as wind and solar. Catherine Lacoursière investigates
Nymex takes 15% share in Imarex
New York Mercantile Exchange (Nymex) has agreed to acquire 15.1% of Norwegian derivatives exchange Imarex for around $52 million. Nymex will buy the shares from founding Imarex shareholder Frontline, a Bermuda-based crude oil tanker company.
Andrew Polydor
Tullett Prebon Energy's managing director EMEA Andrew Polydor talks with Oliver Holtaway about his optimistic outlook and his competitive approach to charity auction dinners
Macquarie consortium buys US utility
A consortium of infrastructure investors led by Macquarie Infrastructure Partners (MIP) has purchased utility company Puget Energy, based in Washington State.
Mizuho launches alternative investment group
Mizuho International, the London-based international securities arm of Mizuho Financial Group, has launched a new alternative investment group (AIG).
Goldman Sachs invests in Nordic Windpower
Investment bank Goldman Sachs has made a “significant investment” in Nordic Windpower, a manufacturer of two-bladed utility-scale wind turbines.
Merrill Lynch introduces biofuels indices
Investment bank Merrill Lynch has introduced two indices designed to offer investors exposure to the fast-growing biofuels market.
John Casaudoumecq
Citi's head of global commodities John Casaudoumecq explains to Oliver Holtaway why he switched to the sector after a career in the rate markets – and why he felt relocating to London was crucial to building the business