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Corporates ditch the dollar, bare yen for refinanc

Corporates are refinancing loans in yen against the earlier trend of dollar refinancing as the London interbank bid and offer rate-based yen loans are still cheaper than dollar loans.Over the last......

India Inc taps domestic mart

With the hardening of interest rates, which has pushed up the benchmark London Interbank Bid Offer Rate, investor appetite for Asian papers seems to be waning.As the foreign currency borrowings by......

If rupee depreciates 10%, these Indian cos will be in serious trouble

Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially,......

Rexit fears: Rupee hits 2-week low of 67.31

Raghuram Rajan, whose tenure as the RBI chief will end on September 4, had on last Saturday said he will not be seeking an extension as the governor. The rupee on Monday ended lower by 23 paise to......

Rupee steady against dollar at 68.57

The domestic currency has gained by four paise or 0.06 per cent in two days. The rupee on Wednesday ended almost flat as it gained one paisa to 68.57 against the US dollar on fag-end selling of......

Glazer to delist Man Utd by June 22

US tycoon Malcolm Glazer plans to delist Manchester United Plc as early as June 22 as part of his 790 million pound ($1.5 billion) takeover of the British soccer giants, his bankers said on......
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Russia bank rescue eases market concerns about contagion

By Andrey Ostroukh and Zlata Garasyuta MOSCOW (Reuters) - A central bank rescue of Russian bank Otkritie has eased market concerns that other banks... ...

http://www.sify.com/finance/russia-bank-rescue-eases-market-concerns-about-contagion-news-default-ri3xwcfigagej.html
U.S. accuses former Societe Generale bank managers of Libor scheme

By Brendan Pierson and Jonathan Stempel WASHINGTON (Reuters) - U.S. authorities on Thursday charged two managers at French bank Societe Generale... ...

http://www.sify.com/news/us-accuses-former-societe-generale-bank-managers-of-libor-scheme-news-crime-rizcwidjbifch.html

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