Mortgage and Financial News From 2007-10-29 Page 9

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  • Dollar plumbs new low versus euro

    BBC Business - This, in turn, has spread to global credit markets, as many of the sub-prime mortgages were repackaged and sold on to European and UK banks as investment assets. The Fed cut its main interest rate in September to ease the pressure on consumers and ...
    2007-10-29 11:03:00
  • Vietnam 'key for N Korea reform'

    BBC Asia-Pacific - I think there is currently great interest in North Korea in Vietnam's way of economic ... With a 9% growth rate projected for 2008, the Vietnamese leadership hopes to take ... weekly, Yazhou Zhoukan, based in Hong Kong, quoted the Vietnamese Deputy Prime ...
    2007-10-29 05:22:00
  • Euroshares close higher on commodity-sector strength, Fed rate-cut ...

    CNN Money - ... market that is increasingly confident that the US Federal Reserve will cut interest ... Its key rate, known as the fed funds rate, currently stands at 4.75 pct. Williams ... to make bigger writedowns than anticipated on their exposure to the US sub-prime ...
    2007-10-29 10:49:00
  • Bets On A Rate Cut Drag Dollar Lower

    Forbes - With the Fed set to cut rates further this week, interest-rate differentials are likely to weigh even more on euro/dollar." ... on Friday, though it's probable that was offset by bullish comments on the currency from Jean-Claude Juncker, prime ...
    2007-10-29 12:29:00
  • Dollar still above US92c

    News.com.au - Currencies trade on the back of interest rate and growth differentials," Ms Masters said. "There are still fears about the (US) banking sector. The (sub-prime worries) haven't gone away. I don't think anything has changed." Ms Masters said traders ...
    2007-10-29 03:56:00
  • Fed Officials to Weigh Another Rate Cut

    Forbes - What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week. In ... If the funds rate is lowered, commercial banks' prime lending rate - for certain credit cards, home equity lines of credit and ...
    2007-10-29 03:56:00
  • Commodities help drive stocks higher ahead of Fed interest rate news (The Canadian Press via Yahoo! Canada News)

    TORONTO - Strong commodity prices and financial stocks helped push the Toronto stock market higher Monday morning.
    2007-10-29 07:20:00
  • Bets On A Rate Cut Drag Dollar Lower (Forbes)

    Euro hits record as rate differentials narrow.
    2007-10-29 12:47:20
  • Fed Officials to Weigh Another Rate Cut (San Francisco Chronicle)

    The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come...
    2007-10-29 12:25:46
  • Fed officials to weigh another rate cut (AP via Yahoo! News)

    The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week.
    2007-10-29 03:57:12
  • Commodities help drive stocks higher ahead of Fed interest rate news (MSN Money Canada)

    TORONTO - Strong commodity prices and financial stocks helped push the Toronto stock market higher Monday morning. New York indexes were also positive ahead of a possible interest rate cut later in the week by the U.S. Federal Reserve.
    2007-10-29 08:11:53
  • Interest Rate Speculation Boosts Stocks - U.S. Commentary (Nasdaq)

    (RTTNews) - Wall Street is rising on Monday in anticipation of an expected interest rate reduction by the Federal Reserve at its next meeting later in the week. The gains come despite another record high in oil prices.
    2007-10-29 09:54:09
  • Madrid shares higher midday on US rate cut hopes; banks gain, Acerinox ...

    Forbes - Among other builders, Sacyr advanced 1.12 or 3.60 pct to 32.25, extending last week's gains on hopes that the group will eventually decide to divest its Eiffage stake to help refinance debt. Gas Natural climbed 0.90 or 2.13 pct to 43.21 after ...
    2007-10-29 04:44:00
  • Merrill's mess

    BBC Brasil - A general tightening of credit conditions could cause serious difficulties for weaker borrowers, if they’re unable to refinance their debts, and also wider discomfort if there is a slowdown in economic growth. Which is why all the bankers I meet ...
    2007-10-29 06:02:00
  • Champion Enterprises to Sell $130M Debt

    Forbes - Manufactured homes maker Champion Enterprises Inc. said Monday it plans to offer $130 million in senior convertible notes in a move to refinance existing debt. The company said the notes will be due 2037 and have a conversion premium of about 73 ...
    2007-10-29 05:26:00