”basis points” News

Credit card losses climb with jobless rate in August

NEW YORK (Reuters) – A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills. Charge-offs, or the writedown of uncollectible
09 17 2009 1:48PM (...more)

U.S. banks credit default swaps widen: CMA DataVision

NEW YORK (Reuters) – The costs to insure the debt of some big U.S. banks against potential default rose between 10 and 20 basis points on Friday amid a selloff in riskier assets on investors' concerns about Dubai's debt
11 28 2009 4:56PM (...more)

Merrill, other banks tap debt markets after losses

NEW YORK (Reuters) - Investment banks including Merrill Lynch & Co (MER.N), UBS (UBSN.VX) and Wachovia Corp (WB.N) sold more than $13 billion in new debt on Tuesday in a move to shore up their balance sheets.
04 24 2008 11:21AM (...more)

Bear Stearns debt protection costs jump, puts active

NEW YORK (Reuters) - The cost to insure the debt of Bear Stearns Cos (BSC.N) surged on Monday and its share and put options were active on concerns the company may be facing liquidity problems.
03 11 2008 6:34AM (...more)

Global equity sell-off amid economic gloom

LONDON (Reuters) – World stocks sank toward 14-year lows in a broad-based sell-off on Monday, dragged lower by economic gloom in Europe and Asia, where Japan recorded its largest 03 10 2009 1:59AM (...more)

Fed set to make fresh rate cut as credit crisis worsens

WASHINGTON (AFP) - With a global credit crisis mushrooming and financial market turmoil unabated, the Federal Reserve is expected to announce another hefty rate cut Tuesday to help confidence and liquidity.
03 17 2008 6:02AM (...more)

India should focus on growth now - PM adviser

NEW DELHI (Reuters) - India's inflation rate would remain in double digits for some time, but it is now on an easing trend and policy can be focused towards growth, a top economic adviser said on Thursday.
10 17 2008 8:22AM (...more)

HDFC, ICICI Bank raise loan, deposit rates

MUMBAI (Reuters) - India 's biggest mortgage firm Housing Development Finance Corp Ltd and leading private bank ICICI Bank said on Monday they were raising lending and deposit rates.
07 1 2008 11:20AM (...more)

Retail sales, inflation fall

WASHINGTON (Reuters) - Retail sales last month dropped the most in more than three years while a measure of New York state manufacturing hit its lowest since the index started in 2001, intensifying recession fears.
10 16 2008 4:47AM (...more)

Canadian dollar sags on market concerns, lower oil

TORONTO (Reuters) - The Canadian dollar slid 0.6 percent against the U.S. dollar on Monday after Lehman Brothers Holdings Inc filed for bankruptcy protection, giving a bid to the greenback, and as commodity prices weakened.
09 16 2008 1:22PM (...more)