Benchmark Lending

Markets: Despite Europe’s woes, Asia and U.S. reflect strength

Markets: Despite Europe’s woes, Asia and U.S. reflect strength
This sets the stage for a Canadian interest rate hike on Tuesday

Read more on The Globe and Mail

Hormel enters credit facility

Hormel enters credit facility
Hormel Foods Corp., the Austin, Minn.-based manufacturer of Spam lunchmeat, said it entered into a three-year, $300 million unsecured revolving credit facility.

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European shares fall to 9-month low

European shares fall to 9-month low
European shares fell to their lowest close in nearly nine months overnight, with banks hit as interbank lending rates rose and worries persisted that austerity measures to be taken in European economies will hurt growth.

Read more on Stuff

Nigeria Plans Measures to Improve Stock-Market Transparency

Nigeria Plans Measures to Improve Stock-Market Transparency
May 26 (Bloomberg) — Nigeria, whose stock market was the second-worst performer worldwide after Ghana’s last year, plans to introduce a code of corporate governance to improve transparency at the country’s bourse.

Read more on Bloomberg

(AFX UK Focus) 2010-05-27 07:00 UPDATE 1-Bank of China to push ahead with fundraising

(AFX UK Focus) 2010-05-27 07:00 UPDATE 1-Bank of China to push ahead with fundraising
By Clare Jim

Read more on Interactive Investor