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Corporate bond rates keep rising, portend defaults - Associated Press hosted.ap.org NEW YORK (AP) -- The recent decline in bank-to-bank lending rates is having no effect on corporate bonds, which continue to plunge in value - a sign that the market believes more loan defaults and a wave of bankruptcies are ahead for U.S. companies ...
French moving to le Big Macs (The Columbus Dispatch) www.dispatch.com It's lunchtime in Paris, and the packed restaurant has neither checkered tablecloths nor carafes of red wine. It's a McDonald's, and the French are lovin' it. While rising prices and record low consumer confidence drive the French to throw their culinary pride to the wind and embrace le Big Mac, traditional bistros are hurting. About 3,000 independent French restaurants filed for bankruptcy in ...
Matthew Vincent: Another black hole is looming (Financial Times) www.ft.com And with one bound, we were free! Or, to put it more technically, with £21bn of short-dated government bonds – to fund the £37bn government investment in new shares issued by Royal Bank of Scotland (RBS), Lloyds TSB and HBOS – our money markets will be freed!