Author Archive
Dubai World Interest Rate Offer Likely to Hurt Local Banks
April 23rd, 2010 | 
Author: April 22 (Bloomberg) — Dubai World’s offer to pay creditors interest of 1 percent on new loans as part of a plan to restructure $14.2 billion of debt, or a fifth of the market rate, will hurt local lenders more than foreign banks, analysts say.
Posted in 
Tags: 
Pound Gains as Rising U.K. Home Loans Fuel Recovery Speculation
April 22 (Bloomberg) — The pound rose against the euro after a Bank of England report showed lenders increased home loans last month more than economists predicted, adding to signs the recovery is gaining strength.