Tuesday, Jun 12, 2007
deeper and deeper
The Telegraph, London: The bank's quarterly report
The Bank for International Settlements has warned that the current takeover boom across the world is being funded by ever greater levels of debt, storing up trouble should rising inflation lead to a sharp rise in interest rates.The bank's quarterly report, released today, said merger and acquisition activity had reached an unprecedented $1,100 billion (£560 billion) in the US over the first five months of this year, and $1,000 billion in Europe."Instead, companies have been taking on more debt to finance deals: total signings of syndicated loans for leveraged buyouts surged to $82.3 billion in the first quarter of 2007, almost double the amount in the previous quarter," it said.
Posted by dangerous trading @ 08:18 AM (137 views) Add Comment
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