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LIBOR RATE
Vedanta Resources seeks $200 million loan top-up after $350 million deal earlier this yearVedanta Resources is looking to boost its existing $350 million loan by at least $200 million. The company is in talks with Sumitomo Mitsui...- UK regulator makes 'final call' to switch off LiborMarkets participants have been given a month to stop using Libor, the scathed interest rate, fined for rigging, said the UK’s Financial Con...
- Libor limbers up for 'Y2K' walk into a $265 trillion sunsetY2K in the end saw few major incidents but regulators are taking no chances with Libor, with banks busy testing their systems.
- Dying Libor gives rise to risk-free rate benchmarksThe London Interbank Offer Rate, commonly known as Libor, is the most widely used benchmark in many financial products ranging from loans t...
- RBI warns banks of LIBOR preparednessIn March, the UK’s Financial Conduct Authority (FCA) said that all LIBOR settings would either cease to be provided by administrators or no...
- US regulators urge financial firms to quickly ditch Libor rate benchmarksFederal Reserve Vice Chair Randal Quarles emphasized there is "no path forward" for Libor, which is being scrapped after numerous banks wer...
- LIBOR is dying, but markets not ready to let it goThe London Interbank Offered Rate or Libor, once dubbed the world's most important number, will be replaced at the end of December with "ri...
- New US credit benchmarks gain traction as Libor deadline approachesInvestors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate.
- Large banks gear up for transition from LIBOR to SOFRSOFR will likely be the new bellwether for Indian companies/banks pricing overseas money market/derivative deals or loans. That would repla...
- Pandemic market volatility reinforces need to scrap Libor: BOEThe London Interbank Offered Rate is used for pricing borrowing costs in contracts worth $400 trillion globally.
- Demise of Libor: A global trend that many overlookLibor was introduced in 1986 as a measure of wholesale interbank lending rates.
- A $7 trn moment of truth in markets is just 3 days awayThe three-month US dollar Libor rate has jumped to 0.87 per cent currently ahead of money market reform that's due to come into effect on O...
- UK derivatives trader Tom Hayes gets 14-year jail for rigging Libor rateIn a landmark case, a 35-year-old derivatives trader, who had worked for UBS and Citigroup, was today jailed for 14 years by a UK court for...
- RBI extends interest rate ceiling on export credit to six monthsThe Reserve Bank today extended the interest rate ceiling on export credit with overseas banks to six months.
- British Bankers Association bows out of role as Libor's chief arbiterBritish Bankers Association, the body that has been in charge of setting Libor since 1986, officially bowed out of its role as the chief ar...
- NRI economist drawn into UK bank crisisShriti Vadera, who worked closely with former Prime Minister Gordon Brown, has come under focus in the latest scandal that has hit British ...
- RBI hikes interest rates on NRE and FCNR(B) depositsThe interest rates will also be applicable to deposits with the maturity period exceeding three years and to deposits renewed after their p...
- Easier dollar credit in the offing for exportersThe government will ask the Reserve Bank of India (RBI) to relax rules governing dollar credit, so that banks can extend loans to cash-star...
- Banks unwilling to lend to most industrial groupsTop foreign banks operating in the country are reluctant to price foreign currency loans to Indian corporates linked to the London Interban...
- Hindalco refinances $2 bn foreign currency loanHindalco Industries is re-financing its $2-billion foreign currency loan at a much higher rate, thanks to the rise in Libor rates.
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