Dollar Libor rate Climbs to highest in a year

The cost to borrow money in dollars remained at the highest level in more than a year on Monday while the rate to borrow euros was little changed. The London interbank offered rate, or Libor, for three-month dollar loans traded at 0.35133%, little changed from Friday and up from 0.34289% a week ago. The three-month Libor rate for euros was little changed at 1.48375%, near the highest since early 2009.