Sunday, December 22

Tag: Derivative Securities

Investors Lose Legal Bid Against Exchange Over Nickel Market Blowup
29Nov By adminNo Comments
World

Investors Lose Legal Bid Against Exchange Over Nickel Market Blowup

LONDON—The London Metal Exchange chalked up a big victory over investors on Wednesday, when a court said it was within its rights to cancel trades during a high-profile blowup in the nickel market sparked by Russia’s full-scale invasion of Ukraine.The U.K. court rejected claims by activist fund Elliott Investment Management and market maker Jane Street Global Trading that the exchange had overstepped its powers by nixing $12 billion in trades in March last year. Had they won, Elliott and Jane Street planned to claim hundreds of millions of dollars in damages combined in a follow-on trial.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Oil Slips; Property Rally Boosts China Stocks
23Nov By adminNo Comments
Money

Oil Slips; Property Rally Boosts China Stocks

Oil prices came under fresh pressure Thursday, after recent signs of discord among leading energy producers, while growing optimism about support for property developers helped lift stocks in Hong Kong and mainland China.With the U.S. closed for the Thanksgiving holiday, action in most global markets was muted. Futures tied to major indexes edged higher, suggesting U.S. markets could be due a small bounce when they reopen for the shortened Black Friday session.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Regulators to Step Up Oversight of Iron-Ore Market
23Nov By adminNo Comments
World

China Regulators to Step Up Oversight of Iron-Ore Market

Nov. 22, 2023 11:28 pm ETChinese regulators pledged to step up oversight of the nation’s iron-ore market and warned traders not to speculate or hype price increases.The joint statement from regulators Thursday came in response to recent sharp rallies in iron ore prices.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Binance CEO Changpeng Zhao Agrees to Step Down, Plead Guilty
21Nov By adminNo Comments
Money

Binance CEO Changpeng Zhao Agrees to Step Down, Plead Guilty

The chief executive of Binance, the largest global cryptocurrency exchange, plans to step down and plead guilty to violating criminal U.S. anti-money-laundering requirements, in a deal that may preserve the company’s ability to continue operating, according to people familiar with the matter. Changpeng Zhao is scheduled to appear in Seattle federal court Tuesday afternoon and enter his plea, the people said. Binance, which Zhao owns, will also plead guilty to a criminal charge and agree to pay fines totaling $4.3 billion, which includes amounts to settle civil allegations made by regulators, the people said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Energy & Utilities Roundup: Market Talk
7Nov By adminNo Comments
World

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0337 GMT – CK Power’s earnings may turn around in 4Q on the easing impact from the El Niño weather phenomenon, Thanachart Securities analyst Nuttapop Prasitsuksant says in a research report. The El Niño-induced drought is subsiding, so electricity generation from the Thai company’s hydropower projects is recovering, the analyst says. Given that drought is usually at its worst in the first year of the El Niño cycle, the company’s hydropower output should continue to rise in 2024-2025, the analyst adds. Also, its interest expenses should decline next year, owing to debt repayments and lower average debt costs, says the brokerage. It raises its target price fo...
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Energy & Utilities Roundup: Market Talk
6Nov By adminNo Comments
World

Energy & Utilities Roundup: Market Talk

Updated Nov. 6, 2023 5:02 pm ETThe latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1457 ET – WTI crude futures lose steam at the end of today’s session and rise only 0.4% to $80.82 a barrel, after surpassing $82 in morning trade. The day’s stronger pace was triggered by news that Saudi Arabia and Russia would keep a combined 1.3 million barrels of oil a day out of the market through the end of the year. “While already known, the comments added to speculation that the two producers will agree to extend the cuts into 2024,” DTN’s Brian Milne says. But concerns over global demand have been weighing on energy futures. The WTI is down nearly 14% since its September peak and 12% in 12 months. (paulo.trevisani@wsj....
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Trading Startup Sues Regulator in Effort to Launch Election-Betting Market
1Nov By adminNo Comments
Money

Trading Startup Sues Regulator in Effort to Launch Election-Betting Market

WASHINGTON—An online-trading startup is suing the federal government after regulators blocked its plan to let people bet on U.S. elections.The company, Kalshi, said in a complaint filed Wednesday in the U.S. Court of Appeals for the D.C. Circuit that the Commodity Futures Trading Commission was “arbitrary, capricious and otherwise contrary to law” when it rejected the proposal to launch a market for derivatives tied to results of congressional elections. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Here’s a Bill That Might Be Lower Than Last Year’s
25Oct By adminNo Comments
Money

Here’s a Bill That Might Be Lower Than Last Year’s

Updated Oct. 24, 2023 3:10 pm ETCheaper heating bills are in the forecast this winter for millions of Americans. Ample stockpiles of natural gas and expectations for a warmer-than-normal winter have forecasters from Wall Street to Washington calling for gas to cost much less than last year, when big utility bills busted household budgets, shocked business owners and helped drive inflation. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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