Commodity trade costs surge as industry seeks up to $500bn in extra finance – Financial Times
High interest rates, volatile prices and the war in Ukraine have made it significantly more expensive to finance commodity trade, forcing the industry to hunt for an extra $300bn to $500bn in working capital to keep raw materials moving around the world. Changing trade patterns have made the global flow of raw materials less efficient and more […]
Banks prepare for deepest job cuts since the financial crisis – Financial Times
Banks are gearing up for the biggest round of job cuts since the global financial crisis, as executives come under pressure to slash costs following a collapse in investment banking revenues. The lay-offs — which are expected to be in the tens of thousands across the sector — reverse the mass hirings banks made over […]
Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock – Yahoo Finance
Perpetuals-focused decentralized exchange dYdx is set to unlock 150 million or about $200 million worth of its native token, DYDX, on Feb. 2, which could be a potential shorting opportunity for traders. The supply release, however, isn’t necessarily bearish, some analysts said, cautioning against making short bets in the derivative market tied to the cryptocurrency. […]
Euronext to switch derivatives clearing to Italy in 2024 – Financial Times
Euronext has agreed a deal to move part of its clearing business from a subsidiary of the London Stock Exchange Group, reducing its reliance on its British rival in a controversial area of Europe’s capital markets. Euronext, the biggest operator of stock markets in Europe, has agreed a €36mn termination fee with LSEG that ends […]
What economists get wrong about personal finance – Financial Times
In my defence, I didn’t get into financial trouble immediately after finishing my master’s degree in economics. It took months. I had a decently paid graduate job and was living within my means, so how did it happen? Simple: I had “cleverly” put all my savings in a 90-day notice account to maximise the interest […]
Hedge fund fees fall to lowest level since 2008 financial crisis -HFR – Reuters
LONDON, Jan 6 (Reuters) – Hedge fund fees have dropped to their lowest level since the global financial crisis in 2008, research firm Hedge Fund Research (HFR) said on Friday, as high inflation and recession fears hit investors. HFR said hedge fund base fees fell from the second to the third quarter of 2022 by […]
New business makes derivatives trading easy – Ponte Vedra Recorder
By Shaun Ryan For businesses that are not mega-corporations, a fluctuating marketplace can be a source of great suspense. That’s because an unpredictable downturn in price can prove devastating, especially in manufacturing or in agriculture, where crops must be planted far in advance of any reliable financial forecast. But there is an answer: derivatives trading. […]
U.S. finance faces ESG backlash, with more to come in 2023 – Yahoo Finance
By Ross Kerber, Isla Binnie and Simon Jessop BOSTON (Reuters) – A movement by financial firms and activists to challenge companies over their efforts on climate change and social inequality faced organised and growing push-back in 2022, led by Republican U.S. politicians. Focusing on environmental, social or governance-related issues, ESG in industry parlance, could hit […]
Second batch of Saudi oil derivatives grant arrives in Yemen’s Al-Mahra | YemenOnline – YemenOnline
The second batch of a new Saudi oil derivatives grant has been delivered to Al-Mahra in Yemen, the Saudi Development and Reconstruction Program for Yemen announced on Saturday. The grant, which included 4,491,000 liters of diesel, comes as part of the Kingdom’s support for the Yemeni people, under the directives of King Salman and Crown […]
Ether bounces above $1.2K, but derivatives metrics show traders fear a collapse – Cointelegraph
Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes. Ether/USD price index, 12-hour. Source: TradingView Jim Bianco, head of institutional research firm Bianco Research, said […]
