High Return Investments

LIBOR

LIBOR stands for the London Interbank Offered Rate and is the rate of
interest at which banks borrow funds from other banks in the London
wholesale (or "interbank") money market.

The British Bankers Association (BBA) LIBOR rate is a widely used reference
rate for forward rate agreements, and interest rate swaps.

It is based on inter-bank deposit rates offered by designated contributor
banks. It is compiled by the BBA and released to the market at about 11:00
each day.

Investment FreshNews:

G7 finance chiefs to meet Friday in Washington: Treasury (AFP via Yahoo! News)
Mon, 06 Oct 2008 17:42:02 GMT
The US Treasury said Monday that the finance chiefs of the Group of Seven industrialized nations will meet this week ahead of the annual meetings of the International Monetary Fund and the World Bank.

A.I.G. To Sell Thai Consumer Finance Unit (New York Times)
Mon, 06 Oct 2008 12:00:32 GMT
American International Group is to sell its Thai consumer finance businesses, including AIG Retail Bank and AIG Card, the head of the bank said on Monday.

European Finance Ministers Struggle to Agree on Crisis Response (Bloomberg)
Mon, 06 Oct 2008 22:37:24 GMT
Oct. 6 (Bloomberg) -- European finance ministers struggled to agree on a coordinated response to the global financial crisis after European stocks dropped the most since 1987.

Brazil to Use International Reserves to Finance Trade (Update1) (Bloomberg)
Mon, 06 Oct 2008 20:39:18 GMT
Oct. 6 (Bloomberg) -- Brazilian central bank President Henrique Meirelles , seeking to shore up confidence after stocks and the currency plunged, said the government will use its record international reserves to finance exports and ease a credit crunch.

Council delays vote on hiring new finance director requesting more background information (Macon Telegraph)
Tue, 07 Oct 2008 01:31:14 GMT
A Macon City Council committee today postponed its confirmation of Tom Barber as the city's next finance director.

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