Mortgage and Financial News From 2007-11-9 Page 21
Previous Day: 2007-11-08
Return to the mortgage news archive home.
Page: 1 - 20 21 22 23 24 25 26 27 28 29 30
31
-
GLOBAL MARKETS-Fresh banking concerns knock shares, dollar
Guardian Unlimited - LONDON, Nov 9 (Reuters) - The dollar hit record lows against the euro and a 26-year trough versus sterling on Friday as a warning from the Federal Reserve chief on U.S. growth reinforced interest rate cut expectations, which in turn supported stocks ...
2007-11-09 04:49:00 -
China central bank says rate hike needs more study - report
Forbes - BEIJING (XFN-ASIA) - China's central bank needs to study the situation further before moving to raise interest rates again, assistant governor Yi Gang said in a report carried by the official Shanghai Securities News. 'Further observation is needed ...
2007-11-08 10:51:00 -
Major HK banks cut prime rate for 2nd week in row
Guardian Unlimited - Hong Kong tends to track U.S. interest rate moves because of its currency peg with the U.S. dollar, although local banks have some leeway to lag rate moves in the world's largest economy.
2007-11-09 01:29:00 -
Dollar selling accelerates; stocks steady
Reuters - LONDON (Reuters) - The dollar hit record lows against the euro and a 1-1/2 year trough against the yen on Friday as a warning from the Federal Reserve chief on U.S. economic growth reinforced interest rate cut expectations, which in turn aided ...
2007-11-09 04:13:00 -
U.K. Banks Raised Two-Year Mortgage Rates in October, BOE Says
Bloomberg - Nov. 9 (Bloomberg) -- U.K. banks raised interest rates on two-year mortgages in October as they passed higher credit costs onto the most popular type of loan used by homebuyers, Bank of England data show. The average rate offered by lenders on a ...
2007-11-09 06:01:00 -
Defaults up, values freefall
News.com.au - HOME owners in Sydney's south and west are paying more for less after eight interest rate rises and a drop in house values of up to 15 per cent since the end of the property boom in 2003. As median house prices in the Fairfield and Liverpool region ...
2007-11-09 05:32:00 -
Dollar sinks on rate outlook
Financial Times - The Bank of England also resisted calls to lower its main interest rate on Thursday, holding at 5.75 per cent as risks to price stability in the UK remained the bank’s primary concern. Sterling rose 0.1 per cent to $2.1100, having been at a 26-year ...
2007-11-09 03:23:00 -
Bernanke to speak Wednesday on Fed communications
Reuters - WASHINGTON, Nov 9 (Reuters) - Federal Reserve Chairman Ben Bernanke will speak next Wednesday on communications by the U.S. central bank's interest-rate setting Federal Open Market Committee, the Fed said on Friday. Bernanke is due to speak at 9:10 a ...
2007-11-09 06:44:00 -
Dollar dives as credit woes fuel rate cut prospects
Guardian Unlimited - During Thursday's New York trading, U.S. short-term interest rate futures showed an 94 percent implied chance the Fed will trim benchmark rates by a quarter point in December, up from 70 percent late on Wednesday.
2007-11-09 04:28:00 -
Premiers crying foul over soaring loonie; McGuinty, Charest continue ...
Owen Sound Sun Times - Finance Minister Jim Flaherty told reporters yesterday both he and Prime Minister Stephen Harper are well aware it's not their place to get involved with the interest rate policy of the Bank of Canada, historically independent from Ottawa. ...
2007-11-09 04:49:00 -
Hong Kong index rises 0.8 percent; property stocks gain as banks cut ...
CNBC - Traders said local investors should brace for volatility in the coming week on expectations of another interest rate hike in China. Beijing has yet to succeed in many attempts to rein in its red-hot economy, as further economic data may show next week
2007-11-09 03:45:00 -
Asia: Rate Cuts Fail to Bolster China
Street.Com - Hong Kong banks allowed an interest rate cut but that couldn't help the whole day -- only 23 points up was smaller than expectations," adds Pang. In morning trading, HSBC , Hang Seng Bank , and Bank of China each announced they would cut their prime ...
2007-11-09 05:25:00 -
Investors Shred Bernanke's `Balanced' Outlook, Bet on Rate Cut
Bloomberg - Nov. 9 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke failed to convince investors that there's no need for further interest-rate cuts soon. Bernanke told lawmakers in Washington yesterday that officials already expect the economy to ``slow ...
2007-11-09 04:13:00 -
US RATE FUTURES-See Dec Fed ease after U Mich
Reuters - CHICAGO, Nov 9 (Reuters) - U.S. short-term interest rate futures held onto strong early gains on Friday after a key consumer confidence survey came in weaker than expected. Futures fully price another quarter-percentage-point cut in the Federal ...
2007-11-09 06:58:00 -
Bank of England freezes interest rate amid credit woes (AFP via Yahoo! UK & Ireland News)
The Bank of England (BoE) Thursday kept its key interest rate at 5.75 percent for a fourth month running, as expected, as policymakers sat tight amid rising concerns over the global credit squeeze.
2007-11-08 04:47:00