The commodity trading industry normally thrives on market volatility, be it crude oil or cocoa beans. Lately, however, it’s the industry itself that is enduring unprecedented flux, with Western investment banks bowing out and private investors piling in. At the Global Commodities Summit next week, Reuters will speak to executives from the biggest and best-known companies in the sector about how they’re adapting to a rapidly changing market, what they think of their new competitors and how they’re responding to the surprising slump in oil prices.
31 Oct 2014Thomson Reuters
Key topics will include:
Oil price drop – What does it mean for trading companies? Hedgers? Banks? The future?
Private equity investment – Is this trend finished or just getting started? What’s the next shoe to drop? Where does it leave the industry in a few years?
Wall St. exodus – Is this trend overplayed? What does the impact of this exodus now look like?
Sanctions on Russia and Iran – What’s the impact? What will happen next?
Corporate hedging – What’s the outlook for managing commodity price risk? What are the new trends from the corporate sector?
The European Central Banks’s comprehensive assessment found the biggest problems in Italy, Cyprus and Greece, but concluded that banks’ capital holes had since been plugged, leaving only a modest 10 billion euros to be raised. Today’s graphic looks at the 25 banks that failed the ECB’s test, designed to mark a clean start before the organization takes on supervision of the banks next month.
29 Oct 2014Thomson Reuters
Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.
What will it take to ensure that women have equal representation on boards of directors?
That was the subject of last week’s panel discussion and networking event sponsored by the Women’s Bond Club of New York at our 3 Times Square offices. Titled “Trading on Diversity,” the panel looked at new investment vehicles that target women’s board membership and presence in senior roles for both progress and profit.
Changing energy markets create new opportunities. Are you going to see and seize them first?
23 Oct 2014Thomson Reuters
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The Pricing & Reference Services (PRS) Asia Roadshow kicked off this week, a two-week series of events taking place throughout Asia and Australia. During this time, the PRS leadership team, in partnership with PRS Proposition Marketing and the regional GTM team, will be hosting briefing sessions for internal sales teams, external Risk & Regulatory Data Seminars, Private Networking Receptions, a sponsored boat in the ASX/Thomson Reuters Foundation Regatta in addition to a series of customer meetings. All events highlight the latest risk and regulatory developments impacting the local and global markets.
On the afternoon of Tuesday, October 21, the PRS team hosted the first Risk & Regulatory Data Seminar & Networking Reception at the Raffles City Convention Centre in Singapore.
Attendance was even higher than expected and we were left with standing room only! Over 110 people registered for places in a room holding a maximum of 70. More than 60clients and prospects attended the event where an array of speakers from Thomson Reuters, Tullet Prebon Information, ComplianceAsia Consulting and UBS Delta discussed the challenges impacting the Asian region and global market. The presenters shared best practices to ensure risk is mitigated and levels of risk exposure are lowered. After lively discussion and friendly debate, a networking reception was held for attendees to continue conversations around the seminar’s topics.
The first day of the Roadshow was quite a success. Stay tuned to hear about the activities taking place in Australia later this week!
A new report on Oman’s Islamic finance potential to be released at the World Islamic Economic Forum 2014 in Dubai projects Omani Islamic banking assets to reach 10 per cent of total banking assets by 2018. (more…)
The Q3 TRust Index, released today, shows that the trust sentiment in the top 50 global financial institutions remained positive at a steady 0.5 percent from Q2. However, the data reveals significant divergence at the regional level.
Tracking trust through news sentiment shows: (more…)
Dan Solak, Global Head of Elektron Feeds, talks about the upcoming innovation in market data technology event in London on 21st October. Dan discusses why the theme of the event is so important today, what Thomson Reuters is looking to do to help customers and innovate, and why you should attend the event. Dan will be speaking at the event, and part of a panel that includes Piers Linney (co-CEO Outsourcery and Dragon’s Den investor), Peter Sharp (Global Head of Market Data Operations, Credit Suisse) and moderated by Paul Rowady (Principal and Director of Data and Analytics Research, TABB Group).
Will the Islamic finance industry thrive without the “Islamic” name attached to it? This is a widely debated topic, but a discussion in the Zawya Islamic Community (login required) moved from the dichotomy between people’s attachment to retaining the “Islamic” prefix and an idea among the same people that it was holding back the industry’s adoption. From this contrast within the industry itself emerged a discussion that moved beyond the semantic arguments about what the industry is called to how it can express the sense of social responsibility that is imbued as a result of its “Islamic” identity.
14 Oct 2014Thomson Reuters
From this idea, that there is much more importance on how Islamic finance actually incorporates “social responsibility”, community members highlighted how even communicating this message to laypeople is difficult. One community member highlighted the vast gap between the number of Muslims living in the UK who have a choice between conventional and Islamic banking, but are not convinced of the value of Islamic banking, whether due to misconception or real questions about how Shariah-compliant banking effects its responsibility to society.
As the issue of how to broaden the appeal entered into focus, the discussion considered the other half of the pair of expanding outreach, which is whether Islamic finance can and should appeal to a mainstream audience. An astute observation from one community member highlighted how “mainstream” does not mean appealing to everyone. Instead of trying to be everything to everybody, Islamic finance should expand among targeted demographic segments.
In reaching out to these targeted demographic segments, community members highlighted the paucity of able professionals in the marketing/branding sector within Islamic finance who can ably bring to the fore the underlying ethical value that the sector brings to its stakeholders without misrepresenting what it can and cannot do. Some of the shortfall between hope and reality is a result of many of the (well-documented) limitations within the Islamic finance sector. These are a result both of its relative youth and the need to operate in emerging markets with underdeveloped regulatory systems or in regulatory systems that do not contemplate an alternative to interest-based finance.
Within these limitations, there is a sense in many corners that they can be swept under the rug and marketed away with use of the “Islamic” label notwithstanding the problems associated with trying to use the same methods to achieve different results. At this point, community members are discussing ways in which the next generation of consumers—who have different expectations for financial services than their parents—can be reached and how Islamic banks can effectively build their brand in a way that both preserves the ethical basis within Islam while also demonstrating how the social responsibility that comes from this foundation is effectively operationalized in day-to-day business.