Mortgage and Financial News From 2007-10-18 Page 33
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Kirchner Pressures Argentine Banks Ahead of Election (Update4)
Bloomberg - Oct. 17 (Bloomberg) -- Argentine President Nestor Kirchner stepped up pressure on banks to cut interest rates and boost lending ... She said Oct. 3 that the country needs to increase investment by 5-to-6 percentage points from the current level of 22 ...
2007-10-17 03:28:00 -
Bank Of England Could Cut Rates, Soon
Forbes - ... minutes of the Bank of England's monetary policy committee meeting in early October in which it decided to hold interest rates ... The data was last published in August, before the crisis reached current proportions. Other recent data suggests a mixed ...
2007-10-17 10:06:00 -
Banks cave in to pres pressure, lower loan rates - Argentina
Business News Americas - Banks will start charging a fixed annual rate of 12% on consumer loans and 9% on corporates. The agreement also imposes a zero interest rate on 12-24 month purchases made with credit cards. Current consumer loan rates average around 25%, just ...
2007-10-17 02:52:00 -
Fitch Rates Charter Township of Buena Vista, Michigan's $3MM LTGOs ...
Forbes - Fitch Rates Charter Township of Buena Vista, Michigan's $3MM LTGOs 'BBB ... Current revenues provide solid 1.98 times (x) coverage of projected maximum annual ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
2007-10-17 02:52:00 -
New-home construction falls to lowest in 14 years
Chicago Tribune - As the current downturn probes deeper depths the risk of an outright recession will mount." The housing figures strengthen the case for Federal Reserve policymakers to cut interest rates again when they meet Oct. 30-31, economists say. The ...
2007-10-17 11:49:00 -
FOREX-Dollar weakens, hurt by US housing, oil surge
Reuters UK - A weaker housing market and a slowing U.S. economy has enhanced the chances of Federal Reserve policy-makers cutting benchmark interest rates again from the current 4.75 percent, which should diminish the dollar's appeal to global investors. Fed ...
2007-10-17 01:47:00 -
FOREX-Dollar falls vs euro as housing starts plunge
Reuters UK - A weaker housing market and a slow U.S. economy may prompt Federal Reserve policy-makers to cut benchmark interest rates again from the current 4.75 percent. Policy-makers meet next on Oct. 30-31. "The U.S. housing market is going to continue to be ...
2007-10-17 05:29:00 -
Dollar retreats as housing starts weigh
Reuters - A weaker housing market and a slow U.S. economy may prompt Federal Reserve policymakers to cut benchmark interest rates again from the current 4.75 percent. Fed officials next meet on October 30-31. The Commerce Department said home construction ...
2007-10-17 12:29:00 -
New challenges, faces will affect Fed's rate action
Chicago Tribune - What you don't see is an all-hands-on-deck reaction to the current housing and mortgage finance troubles. That's good ... Unlike the fed funds rate, discount rate actions do not affect general interest rates much. But the divided opinion shows Fed ...
2007-10-17 11:49:00 -
UPDATE 1-Gold bounces on bargain hunting,platinum hits record
Reuters UK - The data enhanced the chances of Federal Reserve policy-makers cutting benchmark interest rates again from the current 4.75 percent, which should diminish the dollar's appeal to global investors. Fed officials next meet on Oct. 30-31. The yen was ...
2007-10-17 08:21:00 -
Kirchner Urges Argentine Banks Cut Rates, Boost Loans (Update1) (Bloomberg.com)
Oct. 17 (Bloomberg) -- Argentine President Nestor Kirchner urged banks to cut interest rates and increase lending by about $6 billion a year to sustain the country's economic expansion.
2007-10-17 07:58:40 -
Bank Of England Could Cut Rates, Soon (Forbes)
Minutes of the central bank's last meeting reveal that the bankers only discussed cuts or leaving interest rates where they are; no one mentioned interest rate raises.
2007-10-17 10:32:10