Posts Tagged ‘investment’

FCA sets out expectations for investment managers on dealing commission

by Forex Rooton May 8, 2014 7:13 pm BST
Investment managers should only use client dealing commission to pay for substantive research or costs related to executing trades, the Financial Conduct Authority (FCA) said today as it published a policy statement on forthcoming changes to dealing commission rules. The changes reinforce the current rules and provide greater clarity on what investment managers can pay […]

Market wary of currency war risk

by Forex Rooton February 20, 2013 5:39 am BST
The market is increasingly wary of the growing risk of Asian countries devaluing their currencies to protect exports, but ignored a decline in China’s foreign direct investment (FDI) inflows, traders said. In the latest sign of worries that Asian countries may push down the value of their currencies, as Japan has done, the New Zealand […]

BP Trinidad gas discovery doubles field estimate to 2 Tcf

by on November 19, 2012 2:28 pm BST
BP Trinidad gas discovery doubles field estimate to 2 TcfHOUSTON -- BP Trinidad & Tobago (bpTT) today announced that it has discovered an estimated 1 Tcf of gas offshore Trinidad, doubling the estimated gas in place of the Savonette gas field, to 2 Tcf.BPTT made the announcement during a meeting in London between

Seadrill to buy Ultradeepwater rig from Songa for $590 million

by on November 19, 2012 1:33 am BST
Seadrill to buy Ultradeepwater rig from Songa for $590 millionBY BEN FOX RUBINSeadrill said it agreed to buy the ultradeepwater semisubmersible rig Songa Eclipse from Songa Offshore for $590 million, giving Seadrill increased exposure to the ultradeepwater market. The Norwegian oil services company said it intends to take delivery of