Word: unclearly
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...confidence. The London Interbank Offered Rate, the benchmark for short-term interbank lending rates, actually rose to 4.75% Thursday, its highest level of the year. In Hong Kong, interbank lending rates have doubled in the past month. Banks remain gun-shy about resuming lending, in part because they remain unclear about the scope and details of a proposed U.S. bailout of its banking industry. "The level of trust between financial institutions is relatively low," says Tai Hui, head of Asia economic research for Standard Chartered. "That needs to be restored as soon as possible...
...Finance has become one of the most international of industries, with major banks spreading their activities across numerous countries and continents, yet regulation still takes place on a national or even more local basis. When banks run into trouble, it's unclear who is supposed to help or how. The favored solution so far - direct government intervention, like the $700 billion rescue package approved by the U.S. Congress or the British plan - isn't an option everywhere. Banks have become so big and so leveraged that their balance sheets can exceed the gross domestic product of the country in which...
...It’s unclear what is most offensive about this troubling trend: the fact that they serve no function (they neither block UV rays nor allow effective vision) or that you have to jump continuously to see the loser next to you at a party...
While it’s unclear if she flew in on a broomstick, used Floo Powder, or took more “Muggle” means of transportation, Emma Watson, the British actress who plays Hermione Granger in the “Harry Potter” films, graced campus with her magical presence for much of yesterday...
...benchmark Nikkei index plummeted 9.4%, its biggest one-day drop since the global stock market crash of October 1987. Hong Kong's benchmark Hang Seng index fell 8.2%, while Seoul's Kospi dropped 5.8%. Indonesia shut down its stock market after shares plunged more than 10%. It is unclear when trading will resume. "We need to watch further before we can open," Erry Firmansyah, the exchange's president, told reporters...