Mortgage and Financial News From 2008-3-13
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Metals - Gold up as weak dollar, high oil spark new round of ...
CNBC - Also, players are betting on the likelihood of an aggressive US Federal Reserve interest rate cut on March 18 because the Fed's 200 bln usd liquidity injection has failed to ease credit market tensions.
2008-03-13 03:00:00 -
DATA SNAP: UK Inflation Expectations Hit Record High In Feb
FXStreet.com - LONDON (Dow Jones)--The rate at which U.K. consumers expect prices to rise over the coming 12 months hit a record high in February, making it unlikely that the Bank of England will cut its key interest rate next month. A survey conducted by GfK NOP ...
2008-03-13 02:31:00 -
UPDATE 4-Gold nears record high on weak dollar, oil jump
Reuters - Gold has gone up as much as 19 percent in 2008, on top of a 32 percent rise last year, on fears of the inflationary impact of rising energy costs and expectations of further interest rate cuts in the United States, which elevate the metal's appeal as ...
2008-03-13 01:55:00 -
ANALYSTS VIEW 2-Dollar slides below 100 yen to 12-year low
Forbes - I think it's basically a result of the interest rate differential between the U.S. and Japan." "The problem is that it is not very good for the (Japanese) economy.
2008-03-13 02:02:00 -
Australian dollar ends firmer after labour data
News.com.au - Carry traders who sell the low-yielding Japanese yen during times of heightened risk appetite dumped the high interest rate dollar causing it to finish at 93.73/80 yen, down sharply from Wednesday's close of 95.98/05.
2008-03-13 01:12:00 -
Treasuries Gain as Carlyle Group Fails to Reach Lender Accord
Bloomberg - Interest-rate futures show odds of 76 percent that the Fed will lower its target rate for overnight loans between banks by 75 basis points on March 18.
2008-03-13 02:52:00 -
Asian Currencies: Won Declines on Stock Sales; Rupiah Weakens
Bloomberg - Elsewhere, the Malaysian ringgit rose for a third day to a decade low on speculation further interest-rate cuts in the U.S. next week will prompt investors to seek higher-yielding assets in emerging markets.
2008-03-13 02:09:00 -
Fixed rate mortgages 'are the key'
This is Money - Mr Darling thinks fixed rates lasting up to 25 years will bring stability to the housing market, and protect homeowners from the payment shock of seeing their interest rate suddenly shoot up. He also launched two shared ownership schemes which would ...
2008-03-13 02:38:00 -
Dollars falls below Y100 level
Financial Times - The dollar slumped below the Y100 level for the first time in more than 12 years in early European trading Thursday, as persistent pessimism over the outlook for the US economy and expectations of further interest rate cuts caused a sell-off of the ...
2008-03-13 01:48:00 -
Westpac Says Rate Rises Over
Turkish Weekly - A dramatic collapse in consumer confidence has caused Westpac to declare that Australia's record run of 12 consecutive interest rate rises is over. The bank says the next move in professional interest rates will be down most likely in the second half ...
2008-03-13 12:15:00 -
ECB says current rates will help anchor inflation expectations
CNBC - The ECB's main interest rate has been at 4.00 pct since June. Persistent inflation pressures have prevented the central bank from cutting interest rates in response to slowing euro zone growth, according to economists.
2008-03-13 02:09:00 -
U.K. Inflation Outlook Highest Since at Least 1999 (Update1)
Bloomberg - The central bank reduced the benchmark interest rate by a quarter point in December and by the same amount in February to cushion the economy from a slowdown.
2008-03-13 03:00:00 -
Home Retail braced for lower profit, core sales
Reuters - LONDON, March 13 (Reuters) - Britain's Home Retail (HOME.L: Quote , Profile , Research ) is braced for a fall in profits and like-for-like sales in its 2008-9 financial year, as debt-laden shoppers rein in spending and recent interest rate cuts take ...
2008-03-13 01:19:00 -
GRIM REAPING (The Globe and Mail)
There's new life in the business of death, at least for those willing to move with the times. At Vancouver's storied Kearney funeral home, Trevor Crean and his dad hope that personalizing the services for bereaved families will help keep their "retrieval" numbers up.
2008-03-13 03:16:41 -
Seawall repair, growth cap changes top Wells' referendum questions (York County Coast Star)
WELLS — Wells voters will face five referendum questions at this year's Town Meeting in addition to the variety of warrant articles associated with the annual town budget. The questions include a bond issuance, changes in the town's growth...
2008-03-13 03:17:40