Internet activist John Gilmore famously said, "The Internet interprets censorship as damage and routes around it." A key event of the Internet age was the invention of Napster, the direct online music-sharing program that helped erode the business model of the global music industry. This capability of the Internet to route around middlemen is becoming more apparent. A reader of the Financial Ti...
City Council Tuesday agreed to refinance nearly $65 million of its debt for a lower interest rate, which will save the city roughly $2 million over two years.
City Manager Randy Hildebrandt had originally planned not to go to the bond market until July, but with the interest rates so low, the city will now sell the existing bonds in April.
In addition, City Council Tuesday night als...
* S.Korea injects dollars, won cross-currency swaps down
* Malaysian yields higher, rate cut expectations dim
* Euroyen futures implied rates up as Japan year end nears
SINGAPORE , Feb 24 - South Korea 's central bank pumped in dollars through its weekly swaps on Tuesday, while Japanese yen implied yields in euroyen futures crept up as both markets prepared for possible stres...
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Full Coverage You are here: Home > Business & Finance > Deals > IPOs > Article Home Business & Finance Markets Deals Mergers & Acquisitions IPOs Private Capital Hedge Funds Regulatory News Dealmakers Small Business Industries Industry Summits Stocks Funds ETFs Currencies Commodities Options Economy Bonds Analyst Research P...Easy liquidity conditions allow Reserve Bank of India (RBI) to be more active in its intervention. Market positioning is also balanced now.
Fears of a deepening worldwide recession gripped financial markets last week. Global stock markets ended the week at multi-year lows as fresh worries about the banking sector drove nervous investors to the safety of gold, US treasuries and other gover...
The Dubai Government yesterday launched a $20 billion (Dh73.4bn) bond programme as part of its long-term financing strategy.
The bond is being issued in two tranches, the first of which, valued at $10bn, has been fully subscribed by the UAE Central Bank. The unsecured bond pays a fixed yield of four per cent per annum and has a five-year maturity, said a statement from the Department of F...
Bad economic news was pervasive this week – but I honestly do not see how it was not expected unless you walk around with rose colored glasses. The markets, which are supposed to be a forward looking indicator, fell 6% this week on all the news. This only points out that the equities market is not a forward indicator – and the market does what the market does. Conditions are going t...
An economic depression the likes of which the world has not seen ... ever ... is headed our way. This will be an L-shaped economy, drudging along for the better part of a decade, wreaking havoc among the plans and dreams of people across the planet. Some areas are already depressed and will remain so for not less than five bitter, miserable, hungry, desperate years. Other areas will feel the he...
How do I share? Some denounce Obama's homeowner rescue as unfair By STEVENSON JACOBS and ALAN ZIBEL Friday, February 20, 2009 6:45 PM CST NEW YORK - Banks got bailed out. So did automakers. So why not struggling homeowners? The question has struck a raw nerve across the country, with critics saying the Obama administration's latest housing rescue rewards people who bought homes they couldn't...
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