You are here

Libor reaching point of pain for firms with high debt

New York

SHORT-term borrowing rates are rising to the point where some heavily indebted US companies can no longer ignore them.

A benchmark for near-term borrowing, the three-month US dollar London interbank offered rate, has risen above 0.75 per cent. That's a key threshold for...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to