Mortgage and Financial News From 2007-9-12 Page 16

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  • Jobless figures fall but pay inflation remains muted

    Guardian Unlimited - As such the numbers are unlikely to change perceptions that interest rates have probably peaked in the current cycle at 5.75%. "While earnings growth is now on the rise, it is still nowhere near the sort of pace to pose a significant concern for the ...
    2007-09-12 02:40:00
  • India Production Grows at Slowest Pace in 9 Months (Update3)

    Bloomberg - Higher interest rates are denting sales of cars, trucks and motorcycles, which dropped in three of the first four months of the current fiscal year. Hero Honda Motors Ltd. and Baja Auto Ltd., India's biggest motorcycle makers, continued with ...
    2007-09-12 03:09:00
  • Current account holders demand good service

    MyFinances.co.uk - Good service is the biggest priority for current account holders, beating good interest rates and low penalty charges. As the market for current accounts heats up - with banks and building societies offering packages featuring everything from free ...
    2007-09-12 01:29:00
  • OUTLOOK SNB set to hike rates by 25 basis points for 8th consecutive ...

    Forbes - ZURICH (Thomson Financial) - The Swiss National Bank (SNB) is expected to hike interest rates for an eighth ... left its three-months Libor rate unchanged at its meeting in December 2005, but has since then hiked rates seven times to the current ...
    2007-09-12 02:40:00
  • Forex - Euro at all-time dollar high as ECB/Fed diverge

    Forbes - Analysts said this sort of rhetoric suggests that the ECB is nowhere near cutting interest rates in the current liquidity crisis for fear of undermining hard-won economic stability even if the US Federal Reserve, as widely expected, cuts its ...
    2007-09-12 01:57:00
  • Japan PM's departure adds to rates uncertainty

    Reuters - ... on Wednesday to quit, complicating the policy outlook for the Bank of Japan and reinforcing doubts it can raise interest rates ... Aso's likely to easily secure the party's leadership, as he clearly reflects the current party sentiment that it is the ...
    2007-09-12 04:56:00
  • Bank of England's King refuses to bail out banks, hints interest rates ...

    International Herald Tribune - ... Mervyn King stood firm against bailing out struggling banks on Wednesday, but hinted that interest rates had ... King also indicated that the current crisis could rule out further interest rate rises. He noted that the sharp increase in borrowing costs ...
    2007-09-12 06:15:00
  • Bank of Canada's Dodge views rates as "appropriate"

    Reuters - OTTAWA, Sept 12 (Reuters) - The Bank of Canada sees no need to change interest rates as it studies the impact on economic ... speech he was delivering on Wednesday in London, Bank of Canada Governor David Dodge repeated the view that the current ...
    2007-09-12 06:15:00
  • Forex - Euro hits highs against dollar, pound as rate outlooks diverge

    Forbes - They are pricing in 100 basis points worth of interest rate cuts by the Federal Reserve, and are betting on UK interest rates not rising above their current level of 5.75 pct. This divergence in rate outlooks has pushed the euro to a new all-time ...
    2007-09-12 06:22:00
  • European govt bonds continue slight decline after Bernanke speech ...

    Forbes - ... this morning, saying the provision of extra liquidity by central banks 'undermines the efficient pricing of risk by providing ex post insurance for risky behaviour,' even though it may help reduce market interest rates. He also said the current ...
    2007-09-12 04:21:00
  • Dollar Sinks to New Low vs. Euro, Fed Expected to Cut Rates

    CNBC - That report strengthened speculation that the Fed will cut interest rates at its Sept. 18 meeting. A cut from the current rate, 5.25%, would be the first reduction in four years. The new record came as "traders continue to second-guess how (Fed ...
    2007-09-12 03:45:00
  • Hopes of a reduction in US interest rates provide investors with transatlantic tonic (Times Online)

    Shares charged higher on both sides of the Atlantic yesterday, as hopes that the Federal Reserve would underpin global financial markets with a cut in US interest rates next Tuesday soothed the nerves of shell-shocked investors.
    2007-09-11 03:13:35
  • National Bank of Hungary official interest rates - 12/09/2007 (Interfax)

    BUDAPEST. SEPTEMBER 12. INTERFAX CENTRAL EUROPE - Following is a table of official money market rates as set by the National Bank of Hungary (MNB). The Central Bank's Monetary Policy Council kept official interest rates unchanged at its August sitting.
    2007-09-12 12:01:50
  • Bank of England's King refuses to bail out banks, hints interest rates at their peak (International Herald Tribune)

    Bank of England Governor Mervyn King stood firm against bailing out struggling banks on Wednesday, but hinted that interest rates had reached their peak as he made his first comments since the credit crisis swept global markets.
    2007-09-12 06:26:12
  • California economy weak, but no recession seen-report

    Reuters - Calabasas, California-based Countrywide Financial Corp. (CFC.N: Quote , Profile , Research ), the largest U.S. mortgage lender, said on Friday it would cut up to 12,000 jobs amid deepening troubles in the home-financing business. Continued... ...
    2007-09-12 12:53:00