Fitch Rates Southern Company's $600MM FRNs 'A'; Outlook Stable (Centre Daily Times)
Fitch assigns a rating of 'A' to the $600 million of floating rate notes (FRNs) to be issued by Southern Company (Southern). The maturity date of the new notes is Aug. 20, 2010 and the interest rate is LIBOR + 0.70%. The notes are unsecured and rank equally with existing and future unsecured notes of Southern. The proceeds will be used to reduce a portion of short term debt, which totaled $639 ......more...Turkey stocks rise after c.bank rates held (Reuters via Yahoo! Malaysia News)
ISTANBUL, Aug 15 (Reuters) - Turkish stocks strengthened more than 1 percent on Friday while the lira softened slightly following a dovish statement from the central bank which left key interest rates unchanged at Thursday's monthly meeting....more... Check runaway inflation and rising interest rates (Express India)
The immediate priorities for the government should be to check the runaway inflation and rising interest rates that can threaten to slow down economic growth....more... Mexico hikes its key interest rate (The Globe and Mail)
MEXICO CITY ? Mexico's central bank lifted interest rates for the third straight month Friday to tackle the worst inflation in more than three years, but said a crisis caused by soaring food and energy prices may be ending....more... Rates must retreat (iafrica.com)
If SA's slide into recession is to be reversed, interest rates must come down, says Cosatu....more... British Pound Forecast: GBPUSD Could Bounce After Record Declines (Daily FX via Yahoo! Finance)
The British Pound has now fallen for the 11th consecutive trading day?its worst losing streak in the past twenty years of forex trading. The turn in the US dollar is clearly the main culprit for such sharp GBPUSD declines, but we likewise see that recently bearish forecasts for the future of UK interest rates hurt outlook for the British Pound itself....more... Banks told to make fair disclosure of loans, products rates (Business Recorder)
KARACHI (August 17 2008): State Bank of Pakistan Governor Dr Shamshad Akhtar on Saturday directed all commercial banks to adopt fair practices and to make complete disclosure of the lending and deposit rates of all consumer products offered by them and to clarify the pricing structure of loan in the their respective loan agreements with their customers....more... Rates must retreat (IAfrica South African Business News)
If South Africa's slide into recession is to be reversed, interest rates must not just remain unchanged but come down, the Congress of South African Trade Unions (Cosatu) said on Thursday....more... Lockhart Favors Current Fed Rate, Sees Debate About an Increase (Bloomberg.com)
Aug. 16 (Bloomberg) -- Federal Reserve Bank of Atlanta President Dennis Lockhart said he prefers to keep interest rates unchanged for now, while anticipating a debate among policy makers about whether to raise them in coming months....more... |