Camco International, the Aim listed climate change business, held its first auction of carbon certificates to companies seeking offsets to meet pollution reduction targets.
The auction of 5.8m tonnes of carbon was over-subscribed four times as oil companies and utilities bid for the equivalent of almost 24m tonnes to avoid breaching EU greenhouse gas emission regulations […]

Bank Muscat will issue 250 million rials ($649.7 million) in certificates of deposit (CDs)through an auction in a move supported by the nation’s central bank to encourage saving, the bank said yesterday.
The auction is the first of its kind in Oman, where CD auctions are reserved for the central bank will be open to […]

PT Indonesia Power (IP) and PT Wijaya Karya (WIKA) have secured three geothermal power plant projects in West Java with a total capacity of 285 megawatts (MW).
Director of geothermal utilization at the Energy and Mineral Resources Ministry Sugiharto Harsoprayitno said Monday IP would exploit geothermal reserves in Cisolok Sukarame and Tangkuban Perahu concessions, which have […]

The Royal Bank of Scotland is close to abandoning the auction of its Direct Line and Churchill insurance empire after raising close to £6 billion from the markets. Coupled with the £1 billion sale of its 50% stake in Tesco Personal Finance and the disposal of Angel Trains, RBS’s finance state has improved.

NEW YORK - Morgan Stanley announced today that it will repurchase at par auction rate securities (ARS) that are held by its retail accounts and were purchased through the Firm prior to February 13, 2008. Morgan Stanley has informed the appropriate authorities at the Office of the New York State Attorney General, the Office of […]

The US Federal Reserve has auctioned $25billion in loans to banks in its latest bid to boost credit markets.
The results of Monday’s auction were revealed on Tuesday and showed the auction was oversubscribed with 64 bidders seeking $54.8bn from the bank.
This latest auction involved lending firms money for 84 days - rather than the […]

Extreme Networks Inc. has announced that it has planned to start a modified Dutch auction tender offer to buy $100 million of common stock at a price per share not less than $3.30 and not greater than $3.70. Extreme Networks intends to start the stock tender offer on August 11 2008.

The State of Massachusetts sued Merrill Lynch & Co Inc. yesterday, charging the company with fraud over its sales of auction-rate securities, as the state widened its actions against Wall Street firms.
The case, brought by the state’s top securities regulator, William Galvin, charged Merrill with fraud and “dishonest and unethical” conduct for creating and implementing […]