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nymex
Latest Headlines
Latest Headlines
JPMorgan's commodities prowess stokes controversy
When it comes to commodities, JPMorgan ( NYSE: JPM ) has quickly made itself a powerhouse, generating controversy in several areas. The latest: the bank has reduced substantially its once-massive position in the silver market. The move came amid a controversy that led to accusations by silve
Inside a high-frequency commodities outfit
Way back in July 2008, the CFTC charged a little known Chicago company called Optiver with manipulating the price of oil. The suit has drawn little attention to date, but the New York Times has just taken a fresh look and offers an interesting look at how some trading practices can really whip
What to do about energy speculators?
Can any one country really regulate the capital markets? The issue has cropped up in the wake of the Wall Street Journal's report (later reported on by the Washington Post ) about Vitol, the big Swiss energy conglomerate that is a massive player in the energy markets. The CFTC has been look
ALSO NOTED: Wachovia cuts Merrill estimates; Citi takes minority stake in TradeWeb; and much more...
Company News:
> Citi takes minority stake in TradeWeb. Article
> John Mack sees crisis ebbing. Article
> WaMu investment from TPG-led group to be $7 billion. Article
> Wachovia cuts Merrill estimates. Article
Regulatory News:
> SWFs to be
CME's new futures contract: Employment
The Chicago Mercantile Exchange will launch a new futures contract in April that will allow people to bet on the government's nonfarm payrolls indicators. Such contracts have been gaining steam in recent years. The idea is not news, Business Week Online  notes. Goldman Sachs and Deutsche
ALSO NOTED: UBS downgrades financial firms; Chanos tied to Spitzer scandal; and much more...
Company News:
> UBS considering 8,000 layoffs. Article
> Chanos tied to Spitzer scandal. Article
> Wilbur Ross buys H&R Block mortgage unit. Article
> Lehman in rumor-denying mode. Article
> Lehman fears overblown. Brief
> Biggest threat
ALSO NOTED: Merrill Lynch shares tank, will shutter subprime unit; Carlyle bond fund misses margin calls; and much more...
Company News: > Citic demanding a larger stake of Bear Stearns. Article > Carlyle bond fund misses margin calls. Article > Merrill Lynch shares tank; will shutter subprime unit. Article > Thornburg's ratings slashed by Fitch. Article > UBS buys stake in re
ALSO NOTED: Merrill Lynch reimburses Mass. city for CDO losses; Fidelity to lay off 250; and much more...
Company News: > Fidelity to lay off 250. Article > Merrill Lynch reimburses Mass. city for CDO losses. Article > BNP Considers SocGen move. Article > Nymex earnings barely beat estimates. Article > Icahn takes a stake in Penney. Article
Industr
CME-NYMEX's $11B deal
The clearest sign yet of the Chicago Mercantile Exchange's growing stature: it is in talks to buy the Nymex. We're talking about an $11 billion deal. The New York Times reports the two exchanges are in a 30-day exclusive negotiating period. The deal would solidify the CME's stature as a deriv
ALSO NOTED: Citigroup setting up China JV?; Rogue of SocGen released; and much more...
Company News: > Citigroup setting up China JV? Article > Rogue of SocGen released. Article > Timeline of SocGen fraud. Article > S&P affirms Nymex, CME ratings. Article
Industry News: > Singapore SWF pledges more transparency. Article &
