A trifle is an expensive pleasure
The proverb “small spool, yes expensive” is beginning to take on more and more meaning. The production of small money is starting to cost the world so dearly that economically…

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Trust relationships, their goals and key benefits. Why trust is the best solution for KIK
Entrepreneurs conducting activities not only in the national but also in the global business field have been forced in the past few years to adapt to the requirements of the…

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Business in Sweden and Stockholm - Business Ideas
The Scandinavian countries are today considered one of the most promising in terms of business. This is where the most incredible startups can be brought to life. After the perestroika,…

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make it clear

LIBOR: time to change bets

The key LIBOR rate for credit markets is going to be modernized. City of London, New York Wall Street and regulators on both sides of the Atlantic are seeking a compromise in defining rules for calculating the global interbank rate systemic for institutionalized global usury. LIBOR replacement is planned for next year.

LIBOR (London Interbank Offered Rate) – the initial rate that is used on the interbank market, as well as in international commercial agreements to determine the interest on borrowed money. It was adopted in the 84th year and since then has not undergone any special changes.

LIBOR is set daily by the British Banking Association (BBA) for loans in ten currencies. Survey data from 16 largest banks are used to determine the rate. Every day in the morning, banks inform about the rates at which loans in foreign currency are provided. In this case, the four highest and four lowest rates are cut off, and the arithmetic average is calculated for the remaining eight. She becomes the rate of the day. The rate is calculated both for a day, that is, until 12:00 of the next business day, and for weeks, months and a year. Continue reading

Cash makes us even poorer
Do you want, as the grandfather of the heroine of one joke, "so that there are no poor"? Take away their money. In particular, cash - coins and pieces of…

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Business in Sweden and Stockholm - Business Ideas
The Scandinavian countries are today considered one of the most promising in terms of business. This is where the most incredible startups can be brought to life. After the perestroika,…

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Italy suspects Apple of tax evasion
The leadership of the Italian representative of Apple is forced to explain about the possible tax evasion in the country. The prosecutor's office of Milan has already opened an investigation…

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One wallet is good, but many are crowdfunding!
What unites the Eiffel Tower, modern Internet startups, the election campaign of Barack Obama and the feature film "Iron Sky" The energetic civilization of the Sun? The idea of ​​crowdfunding,…

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