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Low Interest Rates Help Companies at the Expense of Savers

Those who live off their savings and investments are hit hard by falling interest rates, as corporations borrow cheaply and sit on the cash.

Low interest rates are boon for borrowers, bust for savers

Households and corporations alike are refinancing their loans indroves to take advantage of interest rates that seem impossiblycheap. But those same low rates come with a flip side, driving downthe income of retirees and others who live off their savings.

Lukoil Leads Tripling in Loans as Rates Tumble: Russia Credit

Russian companies from OAO Lukoil to the oil unit of OAO Gazprom are taking advantage of a plunge in interest rates to triple borrowing in the market for syndicated loans.

Greece Says Bonds an ‘Opportunity’ as Deficit Falls

Greek government bonds are no longer “something to fear” and the country is on track to meet its budget goals for this year, said Finance Minister George Papaconstantinou.

Government moves to calm markets with Anglo plan

THE GOVERNMENT has unveiled plans to split Anglo Irish Bank into two entities and wind them down or sell them. However, it has not disclosed the amount of funding or time periods the move will involve.