This shows just how precarious the situation is ....From the webLenders' funding fears see LIBOR rocket to 1%Mortgage StrategyThree-month LIBOR last week rose to 1% for the first time since July 2009 as lenders' funding and liquidity fears deepened on the back of the eurozone crisis. LIBOR has risen from 0.83% since August, steadily increasing the gap between it and the 0.5% base rate, which in normal trading ...Recommended by Google+
Once upon a time the US would have provided this finance..Brazil-China: too close for comfort?It is hard to say no to a trillionaire. That is what Brazil and its oil industry partners are finding as China continually steps up to the plate to provide much-needed capital for the development of g...
The head of China's biggest ratings agency, Dagong Global Credit Rating, is warning that it may downgrade the US's sovereign debt rating again because of Washington's failure to tackle the federal budget deficit. The remarks by Dagong's chairman, Guan Jianzhong, to be broadcast in an interview with al-Jazeera on Saturday morning, come at the end of another week of deep turmoil for the world economy. Dagong, which has maintained a pessimistic outlook on US fiscal policy, has been leading the charge to downgrade US debt over the last 12 months, lowering the US rating from AA to A+ a year ago. http://m.guardian.co.uk/business/2011/nov/12/chins-threatens-us-with-new-debt...
