Mortgage and Financial News From 2008-9-4 Page 11
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Rates must fall sharply - and soon - Guardian Unlimited
Another month, another decision by the Bank of England to hold interest rates at 5% as the economy tips firmly into recession. Today's announcement was preceded by news from the Halifax that house prices were falling at their fastest pace since its ...
2008-09-04 05:16:00 -
ECB holds rates as inflation stays high, growth slows - Forbes
FRANKFURT, Sept 4 (Reuters) - The European Central Bank left its key interest rate at 4.25 percent on Thursday, against a backdrop of high inflation and rapidly slowing economic growth in the euro zone. Financial markets' focus now falls on ECB ...
2008-09-04 04:54:00 -
Bank of England holds rates steady - International Herald Tribune
LONDON : The Bank of England kept official interest rates unchanged at 5 percent at its monthly rate-setting meeting on Thursday despite a looming domestic recession. The central bank's decision was widely expected by economists given its remit to ...
2008-09-04 04:54:00 -
Canadian interest rate staying steady - Miami Herald
The Bank of Canada held its key interest rate unchanged at 3 percent on Wednesday and gave no indication of future interest rate move. The central bank said the Canadian economy has weakened, but not enough to cut interest rates. Economists had ...
2008-09-03 11:53:00 -
How to Be a Savvy Credit Card Holder (Fox News)
Credit card issuers have been calling the shots for years. Follow these rules to beat them at their own game.
2008-09-04 08:11:00 -
India's inflation slows for second successive week (Khaleej Times)
NEW DELHI - India's inflation slowed for a second week in a row but remained far above the central bank's tolerance level, data on Thursday showed.
2008-09-04 08:13:42 -
2ND ROUNDUP European rates on hold amid recession fears (EARTHtimes.org)
Frankfurt - Europe's two leading central banks - the European Central Bank (ECB) and the Bank of England - kept interest rates on hold Thursday amid growing recession fears and worries about high inflation. While the London-based Bank of England left...
2008-09-04 08:16:57 -
Bank of England leaves rates unchanged (Moldova.org)
The Bank of England said Thursday it would keep its key interest rate at 5 percent, leaving the rate unchanged for the fourth consecutive month.Although food inflation reached an annual rate of 10 percent in Britain in August and the country is predicted to dip into a recession, many expected the bank would maintain its current rate.The influential think tank, the Organization for Economic ...
2008-09-04 08:22:18 -
Trichet Focuses on Inflation Even as Growth Slows (Update2) (Bloomberg.com)
Sept. 4 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said the bank remains focused on fighting inflation even after cutting its economic growth forecasts.
2008-09-04 08:32:46 -
Media Alert: Ray of Hope in Subprime Crisis; Leading Mortgage Loan Servicing Company Sees Delinquencies Flatten or ... (Business Wire via Yahoo! Finance)
WEST PALM BEACH, Fla.----One of the nation's leading subprime mortgage servicers reports that delinquencies on the subprime mortgages it handles flattened or declined this summer, in large measure due to its technology-enhanced loan modification program.
2008-09-04 08:41:00 -
The Bad News About Falling Oil Prices (Newsweek)
If commodity prices are dropping, how come inflation might be getting worse?
2008-09-04 08:44:06 -
The World as We See It (GoldSeek.com)
I identify the foundational forces now driving our economy to establish a basis for the investment recommendations you’ll read in this advisory in the months to come.
2008-09-04 08:44:20 -
Big trouble for little water (Explorer News)
Randy Metcalf/The Explorer , Marana Domestic Water Improvement District Board Members Luis Castaneda (left) and Louis Preston face removal from the board. Both sides in the recall effort have pointed to the district’s finances as a key cause for concern.
2008-09-04 08:55:27 -
3,400 Ballots Missing in Florida Election: Recount Flips Race - Wired
Palm Beach County, Florida, is in the news again for another election mishap. This time the culprit isn't the county's infamous butterfly ballot that made headlines in the 2000 presidential race. Instead, the problem is ballots used with the county's ...
2008-09-03 08:51:00 -
Rocky Mountain Power plans rate challenge, service cuts - ksl.com
that the top execs should have to take any cuts in wages or benefits. Does anyone know how much the top ten executives get paid (combined)? I'll bet it's not far from $30 million, when calculating wages, benefits, stock, etc. Just provide worse ...
2008-09-03 11:36:00