Tag: Investment

‘Peak Oil’ is a Political Statement

The words ‘peak oil’ are a close second to ‘climate change’ when it comes to getting me worked up. For more than a decade, I have been writing articles about peak oil and how it simply isn’t going to happen anytime soon. Despite, being quoted sarcastically in books by left wing environmentalists and vilified in certain quarters, I’m having the last laugh. Even back in 2005, when I worked with Peter Fusaro on the Energy Hedge Fund Center, I was trying to explain why peak oil is nonsense and he and I wrote extensively about it in our book, Energy... continue reading

Peak oil? Majors aren’t buying into the threat from renewables

HOUSTON/LONDON (Reuters) – Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That transformation – marketed as “Beyond Petroleum” – led to manufacturing solar panels in Australia, Spain and the United States and erecting wind farms in the United States and the Netherlands. Today, BP (BP.L) might be more aptly branded “Back to Petroleum” after exiting or scaling back its renewable energy investments. Lower-cost Chinese components upended its solar panel business, which... continue reading

ION Enters Definitive Agreement to Acquire Aspect

OCTOBER 30, 2017 Aspect, a global provider of cloud-based solutions for commodity trade and risk management, commodities data and decision support, has entered into a definitive agreement to be acquired by ION Investment Group, the companies announced today. Andrea Pignataro, ION’s CEO, said “The acquisition of Aspect increases our footprint in commodities and our portfolio of SaaS solutions.” “ION’s long-term approach to product development and strategy is ideal for our culture of continuous innovation. I’m excited for what the future holds as we continue to expand our cloud offerings that enable our customers to solve their business challenges quickly and... continue reading

Noble shrinks, sells part of business to Mercuria as it faces huge quarterly loss

SINGAPORE (Reuters) – Noble Group (NOBG.SI), once Asia’s largest commodities trader, is to cut staff and sell assets, including its U.S. gas and power business to Mercuria Energy Group, as it faces a quarterly loss of up to $1.8 billion. Hong Kong-based Noble added that it would “explore strategic alliances in Asia” with Mercuria after establishing some initial links with the Swiss trader’s Asian affiliates. Noble announced on Wednesday the plans to sell its U.S. gas and power business to Mercuria for $248 million and has also put its capital-intensive oil liquids business up for sale, leaving it focused on... continue reading

Ethiopia: Coffee Value Chain Reform Continues

By Fasika Tadesse The Office of the Prime Minister gave the direction of establishing a coffee research institute as part of reforming the entire coffee value chain Following an order from the Office of the Prime Minister, the Ethiopian Coffee & Tea Development & Marketing Authority has finalised a first draft regulation to establish a Coffee & Tea Research Institute, which will mainly conduct research to boost coffee production. To draft the regulation, a technical committee was formed by the Authority comprising the Jimma Agricultural Research Center, the Ethiopian Institute of Agricultural Research (EIAR) and their staff. The research institute... continue reading

A European Power Market Designed to Deliver a Clean Future for European Citizens

Thirteen industry leaders and associations have launched “Make Power Clean,” a joint initiative to promote a European electricity market designed to deliver cleaner energy for all. The European Union’s electricity market must become more flexible, secure and sustainable to put Europe on track for the energy transition. Avoiding that State aid, in the form of capacity mechanisms, ends up incentivising the most polluting and less flexible power plants is central to meeting this goal. The new “Make Power Clean” initiative strongly supports the European Commission’s proposal for a carbon eligibility criterion in the Regulation on the Internal Market for Electricity:... continue reading

Singapore Diamond Investment Exchange partners with Kynetix and Everledge to trial first-ever blockchain verification and record-keeping service for diamond trading

Singapore, June 15, 2017 – Singapore Diamond Investment Exchange (SDiX), the world’s first commodity exchange in physically settled diamonds, today announced that it has successfully partnered with Kynetix, the physical commodity digitisation expert, and Everledger, supplier of blockchain and distributed ledger infrastructure, to complete the first part of a Proof-Of-Concept of a blockchain-based authentication and secure record-keeping service for trading diamonds on a global commodity exchange. The technology is designed to enable holders of diamonds with certificates from a major third party verification laboratory to authenticate the ownership and authenticity of the diamonds using Everledger’s distributed ledger technology queried securely... continue reading

Zinc rally may have further to run as supply shortfall bites

By Melanie Burton | MELBOURNE London zinc prices have nearly doubled over the past 13 months and are closing in on nine-year highs, but signs of tightening in the global market for refined zinc means the rally may have further to run. Zinc bulls pushed prices higher after the closure of several giant zinc mines last year led to a steep drop in global ore supply, setting the stage for a shortage of the metal used to rust-proof steel. There are now signs that shortage is materializing, with global stocks shrinking and prices for spot metal rising, just as post-holiday demand... continue reading

Houston Office Investment Delivers Growth For Cloud CTRM Vendor Aspect

January 30, 2017 Penetration of the ultra-competitive US market for trade and risk management software by cloud pioneer Aspect is accelerating. The company’s creation of a dedicated sales and support unit in Houston 24 months ago has led to a series of ground breaking deals with trading houses right across the spectrum. From small start-ups to established global heavyweights, Aspect’s Houston office signings have come as trading operations seek to reconcile the need to grow revenues and improve flexibility at the same time as cutting costs. Companies include Elipitical, Aegean, AOT, Chemium to name a few. “The pressure on oil... continue reading

Bringing Nigeria’s Petroleum Investment Bill home

Nigeria’s Petroleum Investment Bill (PIB) is finally starting to make some progress through parliament. The Senate approved it after a second reading in November and now parliamentary committees are preparing their final reports before the third and final reading. Senate President Bukola Saraki said they aim to have the bill “signed, sealed and delivered for the benefit of the Nigerian public early in 2017.” The PIB’s passage has taken more than a decade to date. Given such glacial progress and the plethora of problems facing the Nigerian oil industry, it could be argued that the bill just needs to be... continue reading

Societe Generale Corporate & Investment Banking opts for Message Automation for global rollout

Wednesday 23rd November 2016 Message Automation (MA), the leading provider of Post-Trade Control solutions for derivatives processing, is delighted to announce they have signed a contract with Societe Generale Corporate & Investment Banking (SG CIB) to support the collection and harmonisation of their group wide CCP, Exchange and Broker data. This is a global relationship, and the first phase of the implementation is scheduled to go live in December 2016. Philippe De Brossard, Head of Fixed Income Clearing Solutions at SG CIB commented. “Monitoring and reporting of CCP exposures, is by nature a very complex process, particularly when having to... continue reading

Price rise revitalises southern African coal prospects

The speed of recovery in coal prices has caught almost everyone by surprise. Since the beginning of the year, thermal coal prices have more than doubled; South African coal sold FOB Richard’s Bay has jumped from below $50/mt mid-January to $99.7/mt November 9. The upturn appears to have put an end to a prolonged price slump that saw new projects cancelled and existing output slashed in an attempt to rebalance a heavily over-supplied market. Governments now appear keen to seize the opportunity, nowhere more so than in Mozambique and Botswana. Both southern African countries possess vast coal resources, but have... continue reading

MOPE invests Rs 1,100 million for stake in ice cream co Dairy Classic

Motilal Oswal Private Equity (MOPE) Investment Advisors Pvt Ltd’s India Business Excellence Fund–II and India Business Excellence Fund–IIA have invested Rs 1,100 million for a minority stake in the Bengaluru-based Dairy Classic … Read More... continue reading

Brexit: Passporting aside – regulatory considerations for firms providing investment services

Sophie Crisp, Manager, Risk and Compliance | 15 Jul 2016 Since the Brexit result, the focus for many has been on firms maintaining passporting rights under MiFID. Whilst this is undoubtedly the cornerstone of a firm’s ability to provide investment services throughout the EU, there are other regulatory considerations across the end-to-end provision of investment services. MiFID II legislation regulates conduct, ensures supervisory oversight and is central to primary and secondary market activity. Assuming the UK retains European Economic Area (EEA) membership, passporting rights will be retained under MiFID but we will lose the ability to directly influence future EU... continue reading

SDiX partner with Kynetix to use Sentinel as strategic platform for growth

Having successfully launched the world’s first and only electronic commodities exchange trading physically settled diamonds earlier this year, the Singapore Diamond Investment Exchange (SDiX) has announced it has selected Kynetix’s Sentinel platform as the strategic solution to support the launch of new products and functionality over the next 10 years. Kynetix has unique experience providing inventory and physical delivery platforms to global commodity exchanges such as the LME and the Intercontinental Exchange whose respective LMEsword, LMEshield and ICE Guardian platforms underpin the global trade and financing of base metals, coffee, cocoa, sugar, wheat and gold. Sentinel, Kynetix’s flagship market infrastructure... continue reading

MiFID RTS 22 on Transaction Reporting and FCA reporting system

On 28th July 2016, the European Commission published the final version of Regulatory Technical Standard(RTS) 22 of MiFID II, which specifies the way in which Investment Firms must report data to National Competent Authorities(NCA) under MiFID II. All Investment Firms are subject to the “Transaction Reporting” rules and must report data to  NCAs, in many cases via Authorised … Continue reading →... continue reading