Members of the global metal community can use hedging to manage their price risk on the London Metal Exchange (LME), an expert told participants of a workshop in Bahrain yesterday (November 25).
According to LME's senior busin
Ducab, a leading manufacturer of high-quality power cables and wires in the Middle East, is set to convert its conventional metals hedging practices into Islamic structures.
The initiative, taken under the guidance from its board,
JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large losses in financial derivatives trading, a $2 billion embarrassment that has given banking regulators new ammunition.
In an i
Standard & Poor's Ratings Services has revised its outlook on JPMorgan Chase & Co to negative from stable, the latest blow to the bank after it revealed a shocking $2 billion trading loss from a failed hedging strategy.
The euro hit a 3-1/2-month low on Friday as news of JPMorgan's trading losses from a failed hedging strategy spooked investors and lent support to the safe haven dollar, with stop-loss selling adding to the euro's drop.
The euro al
Dubai's Emirates airline may revive its hedging program to help guard against soaring fuel costs, which forced it to pay an additional $1 billion in its half year results alone, its chairman said.
Sheikh Ahmed bin Saeed al-Maktoum
Opec member Qatar has joined Mexico in taking out an insurance policy against falling oil prices next year, hedging some of its oil for 2012 as both nations adopt a cautious view about the global economy, the Financial Times reported.
The World Bank on Tuesday launched a new agricultural hedging tool that will provide an initial $4 billion to help farmers in poorer countries deal with food price volatility.
The World Bank said the Agricultural Price R
A surge in oil refining in India and the Middle East could eventually turn Dubai into a trading hub to rival Singapore, but much depends on the emirate's capacity to deal with derivatives for hedging price risk.
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