The world’s next ‘leap second’ event will occur on June 30, 2015 — and, for the first time ever, according to the Futures Industry Association (FIA), it will happen “during active trading hours in an environment where electronic and automated trading relies on sub-second precision for communication, execution, clearing, surveillance and audit trails.”
Posts Tagged ‘finance’
By Joseph Innace | May 21, 2015 12:01 AM Comments (0)
By Christine Forster | November 21, 2014 12:01 AM Comments (2)
A small Australian upstream company, with the appropriate name of American Patriot Oil and Gas, is hoping to achieve what several of its peers have been unable to do: turn a little into a lot in the US market.
American Patriot’s business model is simple, yet crucially different from that pursued by some other small Australian companies that have burned through their own capital trying to make a go of it in US conventional and unconventional oil and gas, according to the company’s CEO Alexis Clark.
By Peter Maloney | October 23, 2012 10:18 AM Comments (1)
Bankers’ memories are likely to be tested by the current power generation market.
While discussing the challenging outlook for financing new power plants during a recent conference in New York, Carl Williams, a principal at Riverstone Holdings, harkened back to 1998-2001 when a sudden surge in building new generation fired by natural gas resulted in the addition of 70 GW to the grid. But rather than scaling back, developers – and the bankers who funded them – continued the build-out, adding another 105 GW between 2001 and 2003, the equivalent of replacing the entire capacity of the PJM Interconnection, Williams noted.
By Peter Maloney | June 29, 2012 03:54 PM Comments (0)
Some people would say that developers of renewable energy projects are optimists. A rosy outlook would certainly be helpful in an environment in which low natural gas prices are challenging the push toward the Holy Grail of renewable energy, reaching price parity with fossil fuel-fired generation.
That alone could be enough to dim the outlook of a US renewable energy developer, without the added concerns of a tighter banking climate brought about by more restrictive capital requirements and legislative gridlock over renewable incentives such as the production tax credit, which expires at the end of the year.
By Jeff Ryser | June 26, 2012 12:38 PM Comments (0)
The name Solyndra has a certain sizzle for those who happen to reside on one of the two ends of the political spectrum.
Very generally put, anti-renewable, right-leaning Republicans utter the name with a certain salaciousness as it connotes to them “crony capitalism.”
Left-leaning Democrats often blanch at the utterance of the name, but insist Solyndra–and its loss of $530 million in tax payer loans–was the cost of the government stimulating renewables needed to fight climate change.
By News Desk | June 11, 2012 09:44 AM Comments (0)
By Peter Maloney | May 30, 2012 08:57 AM Comments (0)
Full-page color ads ran in the Wall Street Journal almost every day last week touting Beal Bank’s prowess at “Financing Merchant Power.”
Actually the deals touted were by CSG Investments, a
By Jeff Ryser | May 3, 2012 03:21 PM Comments (0)
This “period of persistent low prices,” as a state regulator called it recently, is playing havoc with margins in a lot of different segments of the energy industry.
By Brian Scheid | December 28, 2011 09:13 AM Comments (1)
It’s hard to say with a straight face that 2011 for the Commodity Futures Trading Commission was truly historic.
The idea of historians a century from now breathlessly discussing the debate over the federal commodity position limits regime or a new market manipulation standard may seem downright absurd.