The credit market is pricing in a 36% chance BP will default within five years as the oil giant deals with the fallout from the Gulf of Mexico disaster.
The default risk implied by credit default swaps is up from 7% one month ago, according to CMA DataVision prices. BP swaps climbed 70.5 basis points to 576.5 yesterday, Bloomberg reports. BP debt due...
Bond defaults at all-time lows
Focus on high-quality companies
Economy is rebounding
Global makets 'riddled' with uncertainty
The long-promised robotics revolution has arrived. True, it is not quite what people imagined only a few decades ago. The humanoid automata beloved by science fiction are still at best fringe novelties.