Mortgage and Financial News From 2008-3-7 Page 21
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European Central Banks Hold Rates Steady
FOX News - Current elevated inflation risks meant that it was too soon for the bank to be comfortable about cutting interest rates again despite serious concerns about the growth outlook," said Global Insight Chief U.K. economist Howard Archer.
2008-03-05 03:59:00 -
Japan government picks Muto for central bank governor
Boston Globe - ... credibility and raised concern about a policy vacuum in the midst of global market turmoil once current BOJ governor Toshihiko Fukui retires in 12 days. The nomination came as the central bank, in Fukui's last scheduled review, left interest rates ...
2008-03-07 01:02:00 -
FUND VIEW-Kokusai bond fund sees appeal in Nordic currencies
Forbes - Investors now see a chance the Fed could cut the federal funds rate by a full percentage point in March from the current 3 percent. By contrast the European Central Bank kept interest rates on hold at 4 percent on Thursday and played down the ...
2008-03-07 12:19:00 -
Insurer seeks lower loan costs
Miami Herald - ... to convert $4.75 billion in variable-rate notes to fixed-rate debt to protect itself from rising interest costs from the current ... Traditionally fixed-rate notes carry higher interest rates than variable-rate securities.
2008-03-06 11:51:00 -
Japanese interest rates on hold
BBC Business - The Bank of Japan's rate-setting committee has voted unanimously to keep interest rates unchanged at 0.5% ... The bank's latest decision is the last one to be made under current governor Toshihiko Fukui, who is scheduled to retire ...
2008-03-06 11:51:00 -
Rates on hold as food and property prices demand Bank balancing act
Guardian Unlimited - Current elevated inflation risks meant that it was too soon for the Bank of England to be comfortable about cutting interest rates again despite serious concerns about the growth outlook.
2008-03-07 12:12:00 -
HIGHLIGHTS-Central Bank symposium in Paris (Reuters via Yahoo! Singapore News)
PARIS, March 7 - The following is a selection of comments from a symposium on globalisation, inflation and monetary policy hosted by the Bank of France on Friday.
2008-03-07 01:15:46 -
(AFX UK Focus) 2008-03-07 09:04 GMT: Norway central bank governor says inflation still an important target for banks (Interactive Investor)
OSLO (Thomson Financial) - Norway's central bank governor Svein Gjedrem said that amid the current global financial turmoil, central banks needed to remain closely watching tackling inflation as a top priority.
2008-03-07 01:28:31 -
Japan's Bonds Gain for Second Week as Bets on Rate Cut Increase (Bloomberg.com)
The odds of a rate reduction by the end of December climbed to 73 percent from 62 percent yesterday, according to JPMorgan Chase & Co. The Bank of Japan left its target rate unchanged at a policy meeting today.
2008-03-07 01:29:48 -
National unemployment declines (The Tuscaloosa News)
WASHINGTON | The number of people signing up for unemployment benefits fell sharply last week, a spot of welcome news that nonetheless failed to change the overall picture of a softer employment climate.
2008-03-07 01:32:59 -
ECB's Weber says weaker growth prospects don't dampen inflation pressures UPDATE (The Forex Market)
FRANKFURT (Thomson Financial) - European Central Bank Governing Council member Axel Weber said the prospects of weaker growth in the euro area do not pose enough reason to expect a dampening of inflation pressures in the foreseeable future.
2008-03-07 01:39:47 -
Turkish lira, stocks lose 2 pct in global sell-off (Reuters via Yahoo! Singapore News)
ISTANBUL, March 7 - Turkish currency and stocks fell about 2 percent each on Friday, bringing the main share index's loss for the year to 25 percent, as new credit losses and U.S. recession fears hit markets globally.
2008-03-07 01:40:10 -
ECB holds line on rates (Toronto Star)
FRANKFURT–The European Central Bank and Bank of England left their benchmark interest rates unchanged yesterday – and the European bank president suggested a rate cut was unlikely any time soon.
2008-03-07 01:45:30 -
Political Blogs (The Herald)
Menzies Campbell's memoirs have been a long time coming. They were scheduled for publication at his first Lib Dem autumn conference as leader, ghosted by former Herald editor Mark Douglas-Home.
2008-03-07 01:56:42 -
Asia Stocks Set for Biggest Weekly Drop Since August; BHP Falls
Bloomberg - ... be the largest drop since the period ended Aug. 17, when stocks fell amid concern U.S. mortgage lender ... Standard & Poor's 500 Index fell 2.2 percent to the lowest since September 2006 after mortgage foreclosures jumped to 0.83 percent of all home ...
2008-03-06 10:53:00