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Libor loans news |
AIM Investments HOUSTON----AIM Investments announced today that the Boards of Trustees of the applicable funds have approved the following name changes, effective Feb. 28, 2007: AIM International Bond Fund to AIM International Total Return Fund AIM Enhanced Short Bond Fund to AIM LIBOR Alpha Fund George Smiths $42.4M Financing Demonstrates Benefits of Inverted Yield Curve DECEMBER 11, 2006 -- Moreno Valley, Calif.—With long-term rates lower than short-term rates, developers are opting for fixed-rate mortgages instead of LIBOR-based bridge loans as a way to lower interest rates. 13 Dec 2006 : Implications for South Africa Citing high levels of speculation in the US housing market as one of the main reasons for inflation-adjusted house prices in the US leaping well beyond their historic levels, US property economist Gary Shilling predicts that the “gigantic” housing bubble in the US is likely to burst within the next year and a half with dire consequences not only for the US economy, but for the rest of the world. Weak US dollar disturbs the OPEC cartel The G-20 is also worried about a fall in the value of the US dollar, which can exert upward pressure on global commodity prices, and undermine export oriented economies in Asia and Europe. “Money is too Important” to Trust with Central Bankers! The late Nobel Economic laureate Milton Friedman once remarked, “ Money is too important to be left to central bankers. You essentially have a group of unelected people who have enormous power to affect the economy. BSP December rediscount rates The BSP announced yesterday the rediscount rates applicable on loan availments by banking institutions for the month of December 2006. Banco Macro Announces Medium-Term Note Program Banco Macro S.A. announced today that it has priced an offering pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933 of US$ 150 million of its Fixed/Floating Rate Non-Cumulative Junior Subordinated Notes Due 2036, which are referred to as the Notes. Forest Oil Announces Completion of Alaskan Subsidiary Term Loan Financing DENVER----Forest Oil Corporation announced today that Forest Alaska Operating LLC , a new subsidiary of Forest, has completed its previously announced placement of $375 million of term loan financing to fund a $350 million distribution to Forest and provide initial working capital for its operations. How to take fear out of mortgage shopping Some people would rather eat ground glass than face the process of applying for a mortgage. It seems so ... complicated. Intimidating. Paperwork-laden Paperwork-laden. People just... ADB to lend USD 270 mn for improving urban infra in Karnataka New Delhi, Dec 7: Manila-based Asian Development Bank today said it will provide loans upto 270 million dollars to improve the urban infrastructure in Karnataka. |