Senegal is likely to issue a $500 million 10-year Eurobond this year at an interest rate of about 6 percent, the International Monetary Fund said in a report on Tuesday, though market watchers said the yield might have to be higher. The IMF said the bond would enable the West […]
World News
G20 task force to study Libor reform
The agency that sets rules for global banks will establish a task force to look at reform of Libor after a scandal in which three banks were fined for rigging the global interest rate benchmark. The Financial Stability Board, set up by the G20, will report back next year on […]
ECONOMIST: ‘Why The Chinese Central Bank Is Doing More Harm Than Good’
Chinese interbank rates, or the rates at which banks lend to each other, have been rising since before the Dragon Boat festival earlier this month. A statement from the People’s Bank of China on Monday suggests that policymakers are serious about reform and are willing to take on short term […]
