Mortgage and Financial News From 2007-11-18 Page 3
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No concern yet for global recession: Japan's Fukuda
Reuters - WASHINGTON (Reuters) - Japan's prime minister said on Sunday that he does not ... The Federal Reserve has twice cut benchmark U.S. interest rates in the last two ... policy-setting Federal Open Market Committee in cutting the federal funds rate ...
2007-11-18 01:35:00 -
Costello brushes aside Reserve warning
News.com.au - Mr Costello again defended Prime Minister John Howard's announcement last Monday of more than $9 billion in new spending ... The RBA warned that stimulating the economy could cause inflation and lead to further interest rate rises. Mr Costello said the ...
2007-11-18 04:20:00 -
Labor will deliver tax cuts: Gillard (Nyngan Observer)
Labor will not cancel or reduce its promised $31 billion worth of tax cuts even if there are two interest rate rises before the cuts could be implemented by a Labor government.
2007-11-17 07:12:43 -
No concern yet for global recession: Japan's Fukuda (Reuters via Yahoo! News)
Japan's prime minister said on Sunday that he does not see the deepening U.S. housing slump and credit crisis triggering a global recession.
2007-11-18 10:59:22 -
DIARY: Watch The US Again (Australasian Investment Review via Yahoo!7 Finance)
US interest rate speculation, BHP Billiton and Rio Tinto, the price of gold, oil and copper and the credit crunch will all be on the agenda this week. For investors that makes finding a lead or a theme tough. China will also bear watching to see if there's a sixth interest rate rise. Australian stocks will be watching the BHP-Rio market to see if there's any sign of an agreement on a bid, or ...
2007-11-18 01:21:00 -
Election bad for inflation (Adelaide Now)
ONLY five more sleeps to go before the big day. It's the day we elect the next federal government that will likely preside over several more interest rate rises, because both parties have put buying votes ahead of sensible economics.
2007-11-18 04:45:00 -
Sorting out the sub-prime problem (BBC News)
Can politicians sort out the sub-prime crisis before millions lose their homes?
2007-11-18 09:51:03 -
Indian bourses second in Asia post-US rate cuts (Express India)
Ever since the Federal Reserve cut its key interest rates on August 17 to keep the US economy from a possible recession after the US sub-prime crisis, India has become Asia's best investment destination after Indonesia.
2007-11-18 12:18:28 -
Duff’s financial woes force him to sell home
MSN New Zealand - I couldn't refinance on my house. 'That wasn't the only issue, but it was one of the issues that brought on everything else.' Duff said he planned to sell his $3m Ian Athfield designed Havelock North home and rent a new house. His financial advisers ...
2007-11-18 01:14:00 -
Lifeline to Britain's Northern Rock could be extended
Big Pond News - The bank has been investigating the possibility of using loans from the European Central Bank to refinance its borrowings, the Sunday Telegraph reported. Commercial banks have become very nervous in recent months about lending cash to each other amid ...
2007-11-18 03:30:00 -
Treasury seeks to get round rules on loans to Rock
Times Online - That would allow the Bank to provide indefinite funding to Northern Rock – making it easier for bidders grappling with how to refinance the business’s borrowings. European Union state aid rules prevent the bank from receiving the existing ...
2007-11-18 02:33:00 -
Global debt market turmoil ruffles feathers at Peacocks . . .
Times Online - A few months ago there was talk that maybe we should refinance the business as the debt markets were buoyant. As it happens, the debt market has changed, it’s closed, so we have done nothing. “We are not in active talks to refinance or sell, and ...
2007-11-18 02:33:00 -
London office prices suffer as big banks put lettings on hold
Times Online - HSBC is still sitting on an £800 million short-term vendor loan granted in April to the Spanish company that bought its Canary Wharf headquarters building for £1.1 billion The bank had hoped to refinance its loan through a securitisation this ...
2007-11-18 02:54:00 -
Quebecor World shares fall to historic low (CNews)
MONTREAL - Concerns about Quebecor World's (TSX:IQW) ability to refinance its debt and weak quarterly results are believed to have caused its shares to fall by more than 21 per cent Friday to a record low on the Toronto Stock Exchange.
2007-11-18 06:26:54 -
House bill would toughen lending rules
North County Times - ... foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage ... Republicans argued that the bill would make it harder for borrowers to refinance ... Prohibit excessive fees for payoff information or late payments, the financing of ...
2007-11-14 03:56:00