Mortgage and Financial News From 2008-5-12 Page 9
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Making Sure Investments Beat Inflation - Street.Com
With inflation on the rise and "safe" investments offering paltry returns, it's important to make sure you're not actually losing money on your CDs, money-market accounts or bonds. As the stock market began to retreat toward the end of 2007 ...
2008-05-12 11:35:00 -
Pound Rises on Producer Prices, Bets BOE Won't Speed Rate Cuts - Bloomberg
May 12 (Bloomberg) -- The pound rebounded from a three-month low against the dollar and climbed versus the euro after a surge in U.K. producer prices prompted traders to pare bets the Bank of England will cut interest rates next month. Gilts fell ...
2008-05-12 08:58:00 -
Bank of Japan's Shirakawa sees need to hike rates, reiterates downside ... - Forbes
downside risks remain in the near term. 'We need to take into consideration that interest rates in Japan are still at nearly zero and should the Japanese economy achieve a sustained expansion from a long-term viewpoint, as outlined by the semi-annual ...
2008-05-11 11:18:00 -
FOREX-Dollar falls versus euro on rate outlook - Reuters
NEW YORK, May 12 (Reuters) - The dollar fell against the euro and pared gains versus the yen on Monday amid renewed concerns the Federal Reserve could still have to cut interest rates to boost growth. The euro rose 0.1 percent on the day at $1.5493 ...
2008-05-12 10:38:00 -
Industry adds to RBI's headache (The Times of India)
A senior economist has said that the slowdown in industrial growth is mainly because of high interest rates, a fallout of tight monetary policy pursued by RBI to fight inflation.
2008-05-12 12:47:08 -
Talk About Travel (Washington Post)
Post travel editors and writers field questions and comments. On the itinerary this week: off-the-beaten-path sightseeing in Boston; tips on making those travel dollars stretch this summer; and a luxurious weekend at the Keswick Hall resort in Virginia.
2008-05-12 12:47:35 -
Government-backed housing bailout badly needed (Madison Daily Leader)
NEW YORK (AP) -- A government-backed mortgage bailout is needed, and it must be done right away.
2008-05-12 12:47:56 -
Interest rate cuts fail to relieve pressure on homeowners (The Herald)
Hard-pressed homeowners continued to face big rises in mortgage costs last month, in spite of the April 10 cut in base rates, according to figures yesterday from the Bank of England which point to continued weakening of the UK housing market.
2008-05-12 12:48:02 -
Clearfield, Inc. Reports Third Consecutive Profitable Quarter (wallstreet:online AG)
Clearfield, Inc. (1133216;Nasdaq:CLFD) today announced results for the second quarter ending March 31, 2008.
2008-05-12 12:49:06 -
Fitch Rates Santa Clara, CA $88MM Electric System Revs Underlying ´A´ (wallstreet:online AG)
Fitch Ratings assigns an underlying ´A´ rating to the City of Santa Clara, California´s
2008-05-12 12:50:06 -
Wachovia subpoenaed over auction-rate securities 3:23 PM (WCNC Charlotte)
CHARLOTTE, N.C. -- Wachovia Corp., the nation's fourth-largest bank, said Monday its securities unit and affiliates have received inquiries and subpoenas from federal and state regulators over auction-rate securities.
2008-05-12 12:52:48 -
Major provisions of housing rescue package (Centre Daily Times)
Major provisions of a House-passed housing rescue bill aimed at heading off foreclosures and stabilizing the market.
2008-05-12 12:54:11 -
Business confidence and home lending dive - Australian Broadcasting Corp.
Audio: HIA Chief Economist Harley Dale talks housing finance with the ABC's Michael Janda (ABC News) Audio: The NAB's Geoff Greer speaks with the ABC's Michael Janda (ABC News) The market may have surged on Monday in response to Westpac's mammoth ...
2008-05-12 01:27:00 -
Regulators under fire for ignoring red flags - The Washington Times
"I thought, 'Oh no, it's coming back already,' " said Mrs. Bair, the Federal Deposit Insurance Corp. chairman who had spotted problems with abusive and risky mortgages long before the mortgage crisis broke out last year. The pop-up on the screen took ...
2008-05-11 09:23:00 -
Liquidity woes less,morale returning -ECB's Paramo - Guardian Unlimited
MADRID, May 12 (Reuters) - Liquidity problems in debt markets are now isolated and confidence is slowly returning, European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said on Monday. He told a seminar in Madrid that banks were ...
2008-05-12 08:36:00