Mortgage and Financial News From 2007-10-11 Page 16

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  • Euro Zone First-Quarter Growth Better than Expected

    CNBC - We believe that the ECB will not raise interest rates any higher from their current level of 4.0%, particularly given the strength of the euro," said Howard Archer, economist at Global Insight. A slower second quarter was one of the main reasons why ...
    2007-10-11 03:39:00

  • Wealthy foreigners flock to London

    Miami Herald - British consumers are taking on more debt and interest rates are rising. Some bankers say the current turmoil on financial markets is making them brace for layoffs and low bonus payments in the year to come. Last month, the Royal Institution of ...
    2007-10-11 05:19:00

  • Services sector slows sharply, BCC says

    Guardian Unlimited - He added that economic prospects had been dampened by the Northern Rock crisis and wider credit problems which would need lower interest rates than the current 5.75% level, a six-year high. The survey showed, however, that the continued strength of ...
    2007-10-11 03:10:00

  • 11-10-2007: South Korea holds rates, case high for future hike (The Edge Daily)

    SEOUL: South Korea's central bank held interest rates steady on Oct 11, as expected, in the face of risk from turbulent global financial markets and despite data bolstering the case for further monetary tightening.
    2007-10-10 07:08:21

  • South Korea holds rates, case high for future hike (Reuters via Yahoo! Malaysia News)

    SEOUL, Oct 11 - South Korea's central bank held interest rates steady on Thursday, as expected, in the face of risk from turbulent global financial markets and despite data bolstering the case for further monetary tightening.
    2007-10-10 06:18:26

  • Yen Declines Against Majors As Bank Of Japan Leaves Interest Rates Unchanged (Nasdaq)

    (RTTNews) - Thursday morning in Asia, the Japanese Yen declined against its major counterparts. The Bank of Japan's interest rate decision, which was released during the session, pushed the Yen to fell sharply across the board.
    2007-10-10 11:54:48

  • Japan's Interest Rates Held At 0.5% (Nasdaq)

    (RTTNews) - The Bank of Japan on Thursday held interest rates steady at 0.50 percent, as expected, on a board vote of 8-1, representing a split vote for the fourth straight month.
    2007-10-10 10:38:54

  • Countrywide Says Bad Mortgages Rise, New Loans Fall (Update1)

    Bloomberg - Oct. 11 (Bloomberg) -- Countrywide Financial Corp., the largest U.S. mortgage lender, said late payments on loans handled by its servicing business rose, foreclosures doubled, and originations fell 44 percent as housing sales slowed. Delinquencies as ...
    2007-10-11 06:24:00

  • Countrywide help for borrowers falls short, critics say (CNNMoney.com via Yahoo! Finance)

    As the nation's largest home lender and subprime debt collector, Countrywide has been the No. 1 whipping post of the mortgage crisis.
    2007-10-11 03:56:00

  • Rates of withdrawal add up to confusion

    Dallas Morning News - Rates of withdrawal add up to confusion 12:00 AM CDT on Thursday, October 11, 2007 ... It seems to me that I should withdraw all of my interest each year, as well as about 4 ... You won't get that from a CD. The same calculations estimate the value of your ...
    2007-10-10 08:58:00

  • Peso, stock market up on dollar inflows

    Manila Times - ... comment made by a multilateral agency that the central bank had no reason to cut rates since it would invite ... share prices closed 1.6 percent higher Wednesday, buoyed by gains on Wall Street and hopes of an interest rate cut ...
    2007-10-10 09:34:00

  • US employment figures makes Aust rate rise more likely

    Australian Broadcasting Corp. - The subprime mortgage fallout and global credit crunch have combined to keep Australia's Reserve Bank on the sidelines since it last raised official interest rates back in August. That came after a disturbing rise in the official inflation barometer ...
    2007-10-10 09:41:00

  • Employers Detect Racial Divisions In 401(k) Plans

    New London Day - ... surveys and research by two large employers strongly suggest that blacks participate in retirement plans at far lower rates ... Racial discrimination by mortgage lenders may have heightened blacks' interest in owning a home, she said. Blacks' lack of ...
    2007-10-11 02:56:00

  • Forex - Dollar strengthens after strong US jobless, trade data

    FXStreet.com - Meanwhile, the pound continued to fall after a weak housing market report overnight supported speculation that the property market is putting the brakes on sharply, suffering from flagging confidence and higher interest rates. The Royal Institution of ...
    2007-10-11 06:31:00

  • Where to Stash Your Emergency Cash (Washington Post)

    Krista Swetz and her husband are just a few months away from reaching a money milestone.
    2007-10-10 07:58:05

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