8.10.08 - As Platts is reporting, the crisis of the financial system can result in the increase of letter of credits costs in oil trade. The payment rate has been already increased from 1-1.25 % of 110 % price to 2 %, the source reports.

 

8.10.08 - The People's Bank of China has responded to the collapse of financial markets: simultaneously with central banks of leading world's countries it suddenly has reduced the key interest rates by 0.27 percentage points.

 

7.10.08 - Fitch has decreased the rating of Swedbank and its daughter financial institutions which are operating in Baltic countries up to the negative one. «The activity of Swedbank in Baltic counties is still profitable, however, the individual rating of the bank was decreased mainly to the fact that this bank is subjected to the risks of the influence of real estate market's sector overheat», — Fitch reports in its overview.