SHANGHAI, July 6- China stocks exploded higher on Monday after Beijing enacted an unprecedented series of policy moves to support the market over the weekend. China CSI300 stock index futures for July rose 6.7 percent, to 4,228.6, 42.36 points above the current value of the underlying index. Hong Kong's Hang Seng index added 0.7 percent, to 26,238.72 points.» Read More
Risk aversion lifts the dollar and Brazil and China do a deal - it's time for your FX Fix.
Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. The New York Times reports.
Conflicting signs are emerging in Washington over whether JPMorgan Chase’s surprise trading loss will spur tighter regulation on Wall Street, The New York Times reports.
JPMorgan’s next move depends on what happens in the credit markets. If investors become fearful about companies’ prospects , JPMorgan’s bet could face even bigger losses, The New York Times reports.
While few other banks, if any, pursue the complex strategies that led to JPMorgan’s losses, many traditional lenders regularly buy and sell securities, and make bets with derivatives, as part of their core operations, the NY Times reports.
In a conference call following this morning’s earnings announcement, JPMorgan Chase Chief Financial Officer Doug Braunstein basically laughed off the idea that a London-based trader in the bank’s chief investment office was engaging in large proprietary trades that were distorting the market in credit default swaps for investment grade corporate bonds.
House Republican attempts to blunt Dodd-Frank's regulatory requirements on derivatives would remove transparency and "allow these prices to continue to be secret," Rep. Barney Frank told CNBC Thursday.
Blythe Masters, head of global commodities at J.P. Morgan, discusses the company's strategies for commodity and derivative investments.
Japan has a trade surplus, the euro zone slows, and China sets off alarm bells in Asia - it's time for your FX Fix.
The triggering of insurance payments on Greek sovereign debt should be a "non-issue" for the markets, as they will happen in an orderly fashion, a representative of the International Swaps and Derivatives Association (ISDA) told CNBC on Monday.
The financial system could face a test this week as industry officials debate a provision of the Greek bailout, the New York Times reports.
The governor of France’s central bank has said Britain is more deserving of losing its top-notch credit rating than France as Paris braces itself for a potential downgrade of the country’s triple A status.
Earlier this year, Deutsche Bank quietly decided to reduce its exposure to Italian government bonds. But it did not do that by simply selling debt; instead it achieved this partly by buying protection against sovereign default with credit derivatives contracts. The FT reports.
Over the weekend, Gretchen Morgenson of the New York Times penned a column explaining what it was that doomed MF Global.
Operating earnings at Warren Buffett's Berkshire Hathaway increased by 36.8 percent to $3.81 billion in the third quarter. A reported "loss" of $1.59 billion for Berkshire's derivatives positions, however, contributed to a 23.8 percent drop to $2.29 billion for the company's net earnings.
Interest rate swaps are derivative instruments commonly used by sophisticated investors to allow cash flows on interest-earning securities or loans to be exchanged. CNBC explains.
CNBC's Kayla Tausche reports the latest details on the MF Global bankruptcy, and offers a deeper look at what happened. Also, impact on oil, with David Greenberg, Greenberg Capital founder. And the Fast Money traders weigh in on who stands to benefit from MF Global's demise.
European leaders finally agreed on the outlines of a rescue, and risk is back on big time — it's time for your FX Fix.
If I didn’t know better, I’d think Blackrock CEO Laurence Fink is doing his best to make sure his firm isn’t tarred and feathered by an ETF debacle, if one ever occurs.
While derivatives themselves carry risks and financial scandals have tarnished their image, many companies still use futures contracts, swaps, collars, and other hedging instruments to minimize volatility in their cost of doing business.