Mortgage and Financial News From 2008-2-18
Previous Day: 2008-02-17
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India's ICICI Bank says rising rupee, forex reserves are challenges ...
Forbes - He however declined to comment on the country's current interest rate regime and whether there will be a rate cut in the near ... At its last quarterly review of the monetary policy on Jan 29, the central bank kept all rates unchanged. TFN.newsdesk ...
2008-02-18 02:42:00 -
British Pound Falls as U.K. Starts to Nationalize Northern Rock
Bloomberg - ... speculation gains that drove it to a 10-day high didn't reflect the outlook for falling interest rates ... The Bank of England will lower the benchmark interest rate to 4.75 percent by midyear from the current 5.25 percent, and to 4.5 percent by the ...
2008-02-18 04:08:00 -
Asian markets mixed in morning
CNN Money - Market observers say that it may take a while for the Nikkei to resume a stable upward trend even though current levels ... The market expects the Federal Reserve to cut interest rates again at its next meeting in March. Hong Kong banks tend to follow ...
2008-02-18 04:44:00 -
Schultz still sees an apocalypse
Marketwatch - Move some funds from short-term government paper (90 day T-bills) into a mix of six-month to two-year government paper (Swiss Franc, Euro, Australian dollars, Canadian dollars) to lock-in current interest rates and hedge against short-term rate ...
2008-02-18 02:57:00 -
New Bank of Canada governor to report on current state of economy
Vancouver Sun - ... his maiden public speech as governor of the Bank of Canada, will give an update of the bank's assessment of the current ... likely slip to 1.3 per cent, well below the Bank of Canada's two per cent target, which will give it room to cut interest rates ...
2008-02-18 01:38:00 -
UPDATE 2-Japan manuf mood at 3-yr low, econ doubts weigh
Forbes - The weak result in the Reuters Tankan reinforced the view that the Bank of Japan will keep interest rates on hold at 0.5 percent ... for fiscal 2008/09, the survey showed, with 48 percent expecting their capital spending to be flat from the current year ...
2008-02-18 02:14:00 -
Controlling Interest
Kommersant - Hence the current situation, in which the growth in share prices is slowing down ... and 7%, respectively), while share prices for the other banks grew, but at rates ... banks to understand that our bankers immediately try to sell a controlling interest ...
2008-02-18 04:30:00 -
Credit Crunch May Start to Bite Eastern Europe
CNBC - But in Romania's case, a large current account deficit and falling foreign direct investment sparked fears that the ... The leu had appreciated steeply before Romania joined the EU in 2007, as investors tried to benefit from higher interest rates ...
2008-02-18 12:33:00 -
In Africa, Bush wants AIDS plan renewed
Seattle Post Intelligencer - ... five years, twice his original commitment of $15 billion, is too little, and would merely continue the program at the current ... is one of the poorest countries in the world, it is gaining international investors, has among the best growth rates in sub ...
2008-02-17 10:36:00 -
Polish MPC members call for speedy rate hikes
Guardian Unlimited - ... Credit crunch Economics Interest rates US economy Viewpoint Private equity On America On Europe ... members Marian Noga and Dariusz Filar said higher borrowing costs were not only necessary but interest rate increases from the bank's current ...
2008-02-18 01:09:00 -
Dollar steady, Aussie hits three-month high
Forbes - ... three-month high against the dollar, boosted by its hefty yield advantage and expectations for a further interest rate rise in March from the current 11-year high of 7.00 percent. That contrasts with the Fed's hefty cuts in benchmark interest rates ...
2008-02-17 11:43:00 -
McCain says he wouldn't raise taxes
Carlsbad Current-Argus - ... he increase taxes and added that he could "see an argument, if our economy continues to deteriorate, for lower interest rates ... Copyright © 2007 Carlsbad Current-Argus; All Rights Reserved; No portion of this Web site may be copied, reprinted ...
2008-02-17 11:36:00 -
Dollar Firms vs. Euro after Fall, Aussie Shines
CNBC - ... 16-year low, had reignited worries about a U.S. recession and reinforced expectations for more hefty interest rate ... dollar, thanks to its hefty yield advantage and expectations that the Reserve Bank of Australia will raise rates from the current 11 ...
2008-02-18 01:52:00 -
China under pressure to let yuan appreciate
Business Times Malaysia - Central bankers in Thailand, Malaysia, Singapore and the Philippines are in the same situation as faster inflation raises the odds that Asian central banks will increase interest rates, bolstering the appeal of their currencies LIKE it or not, China ...
2008-02-18 03:11:00 -
Lawmakers correct on payday loan cap
Nashua Telegraph - At least not in its current, no-limit-on-interest-rates form. In this case, we agree with the state Legislature that payday lenders take advantage of consumers, especially when there are alternative lending sources and financial counseling available. ...
2008-02-18 03:54:00