Saturday 23 November 2024
 
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Credit woes

ME company loans hit $54bn

Middle Eastern firms agreed syndicated loans worth $54 billion in the first half of this year, up from $44 billion the same period last year, despite the global credit crunch, according to Reuters Loan Pricing Corporation. There was a raf

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Credit woes easing says Fed

Top US Federal Reserve officials have cited progress in alleviating months of turmoil in financial markets, but said a full return to normalcy was still some time away. The recent credit woes underscore the need for banks to hold "generous

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