Mortgage and Financial News From 2007-9-20 Page 17

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  • Brown bids to halt panic with pledge on savings

    Scotsman - But it also exposed many households to the financial risk of higher interest rates, and personal insolvencies are soaring. It also saw banks like Northern Rock lending very heavily, racking up liabilities that had to be refinanced by borrowing from ...
    2007-09-20 06:56:00
  • USA Today

    USA Today - Expectation of more interest rate cuts. The hope rates may be cut again will give investors the courage to hold stocks despite upcoming economic data that may show weakness, Smyth says. "If this was a one-and-done rate cut, markets may be disappointed ...
    2007-09-19 05:27:00
  • Party turns on Ahmadinejad over attitude to inflation

    Guardian Unlimited - That may partly refer to one of Mr Ahmadinejad's most controversial recent moves in which he ordered banks to cut interest rates to 12% - below inflation, which is estimated at between 20% and 30%. Mr Ahmadinejad is on record as saying, "I pray to God ...
    2007-09-20 12:15:00
  • Euro nears $1.40 as traders digest US rate cut

    DAWN Group - LONDON, Sept 19: The euro hovered close to $1.40 on Wednesday in the wake of the US Federal Reserve’s decision to cut American interest rates by a half-point to 4.75 per cent.The European single currency touched earlier on Wednesday the record high ...
    2007-09-20 09:40:00
  • Dollar sets new all-time low against euro since 1999

    Pravda - Lower interest rates, while used to jump-start the economy, can also weaken a currency by giving investors less return on investments denominated in the currency. The European Central Bank kept its key rate unchanged at 4 percent earlier this month ...
    2007-09-20 10:23:00
  • President Bush Voices Optimism About Economic Outlook

    KABC - He was asked about concerns by some economists that the housing slump and higher mortgage costs could lead to a recession even in spite of action earlier this week by the Federal Reserve to cut short-term interest rates by a half-percentage point. ...
    2007-09-20 11:28:00
  • Philippine shares rise 2.4 percent

    Boston Globe - A possible cut in local interest rates here will encourage people to borrow and invest more for expansion, thereby helping economic growth to accelerate," said Banco de Oro market strategist Jonathan Ravelas. Philippine central bank Gov. Amando ...
    2007-09-20 05:01:00
  • Seeing Green In Ireland And China

    Forbes - While everyone was waiting for the Fed call on interest rates, I was adding positions in Ireland, Switzerland and China to Chartwell ETF Advisor portfolios. Play China with less volatility in Singapore, Malaysia and Hong Kong. Click here for all ...
    2007-09-20 09:05:00
  • Euro hits record high against the dollar

    International Herald Tribune - Federal Reserve slashed interest rates by 50 basis points last Tuesday to 4.75 percent in a bid to shield the U.S. economy from a deepening housing slump and credit market turbulence. Fed Chairman Ben Bernanke speaks at 1400 GMT. Investors expect more ...
    2007-09-20 11:28:00
  • Kuwait, UAE rate cuts may spur Gulf inflation (Gulf Times)

    DUBAI/KUWAIT: Kuwait and the United Arab Emirates cut interest rates yesterday, following a 50 basis point reduction in the US, raising the prospect that Gulf Arab economic growth and inflation may accelerate.
    2007-09-19 11:52:02
  • Bankers: Rate cut's impact instant (Roanoke Times)

    Area borrowers with adjustable-rate loans might have had their rates reduced Tuesday. The predicted trickle-down effect of Tuesday's half-point cut in interest rates to 4.75 percent will make an immediate splash for some borrowers, Roanoke-area bankers said Wednesday. "Our computer systems are updated inside the bank so that anything that changes rates happens automatically," said Gregory ...
    2007-09-19 10:36:38
  • Cheaper loans seen as UAE cuts interest rates (Zawya)

    20 September 2007 The UAE Central Bank cut domestic interest rates by 15 basis points (bps) yesterday after the US Federal Reserve slashed its rates by 50bps on Tuesday night.
    2007-09-19 10:13:27
  • UAE cuts CD rates by 15 basis points (Zawya)

    20 September 2007 DUBAI -- The UAE Central Bank UAE Central Bank yesterday cut the interest rate on its one-week, one-month and three-month certificate of deposit (CD) by 15 basis points.
    2007-09-20 12:13:40
  • UAE cuts CD rates by 15 basis points (Khaleej Times)

    DUBAI — The UAE Central Bank yesterday cut the interest rate on its one-week, one-month and three-month certificate of deposit (CD) by 15 basis points.
    2007-09-19 07:58:56
  • WALL STREET OUTLOOK Lower open seen on Fedex warning, mixed bank ...

    Forbes - A warning from Federal Reserve Chairman Ben Bernanke that mortgage defaults by ... money the Federal Reserve unleashed with its decision to cut interest rates will ... The current crisis in the credit markets is due to subprime borrowers defaulting on ...
    2007-09-20 07:17:00