Mortgage and Financial News From 2008-8-10 Page 01
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TREASURIES-Futures rise in Asia on geopolitical concerns - Reuters
TOKYO, Aug 11 (Reuters) - U.S. Treasury futures rose on Monday as armed conflict between Russia and Georgia sparked safe-haven bids in government debt, while oil's retreat from record highs helped ease inflation fears. Credit concerns also offered ...
2008-08-10 09:59:00 -
Rate cut expected next month despite inflation outlook - The Australian
THE financial markets are still backing the prospect of an interest rate cut in September, despite the Reserve Bank forecasting a sharp inflation spike. The pricing for a 25-basis point cut next month remains at 118 per cent, and traders predict the ...
2008-08-10 10:35:00 -
Bank of Baroda raises prime lending rate by 75 bps - Reuters India
MUMBAI (Reuters) - State-run Bank of Baroda said on Monday it has raised its benchmark prime lending rate by 75 basis points to 14 percent with immediate effect. However, the revision will not apply to existing home, education, auto loans and also ...
2008-08-10 11:17:00 -
Australia's central bank says demand is slowing - Forbes
Australia's central bank said Monday domestic demand is slowing significantly and should reduce inflationary pressures in the economy, increasing the chances for a fall in interest rates. In its quarterly statement on monetary policy, the Reserve ...
2008-08-10 09:37:00 -
Rate cut 'more likely in November' - News.com.au
THE Reserve Bank's concerns about high inflation in the near-term would make an interest rate cut in November more likely than next month, economists say. The central bank's quarterly statement on monetary policy, released today, said consumer price ...
2008-08-10 07:14:00 -
RPT-UPDATE 1-India cbank to launch rate futures on 10-year bond - Reuters India
MUMBAI, Aug 8 (Reuters) - India will introduce interest rate futures contracts based on the notional value of a 10-year government bond and foreign investors will be subject to an overall limit of $4.7 billion, a central report said on Friday. The ...
2008-08-10 07:43:00 -
INSTANT VIEW 3-Australia cenbank sees room for lower rates - Forbes
SYDNEY, Aug 11 (Reuters) - Australia's central bank said on Monday the economy looked to be slowing enough to significantly reduce inflation over time, providing growing scope to ease interest rates from 12-year highs. - In its quarterly Statement on ...
2008-08-09 05:49:00 -
Fed says foreclosures will sweep exurbs next (BizJournals)
Woodbury, Plymouth, Apple Valley and Minnetonka — communities usually associated with wealth and prosperity — may become foreclosure trouble spots, according to an analysis by the Federal Reserve Bank of Minneapolis.
2008-08-10 11:26:14 -
Industrial output growth down at 2.2% in June (Prague Daily Monitor)
Prague, Aug 8 (CTK) - Year-on-year growth of industrial production slowed to 2.2 percent in the Czech Republic in June from 3.4 percent in May, and seasonally adjusted output was 3 percent higher yr/yr, the Czech Statistical Office (CSU) said Friday.
2008-08-10 11:27:12 -
HGH Infrared Systems (PhotonicsOnline)
HGH Infrared Systems (www.hghinfrared.com), manufacturers of advanced infrared cameras and a variety of thermal imaging products and systems, introduced the new IR Revolution 360, a 20° vertical, 360° horizontal field of view (FOV) panoramic infrared vision system for security and surveillance.
2008-08-10 11:28:21 -
Council to vote on $14M debt issue (The New Braunfels Herald-Zeitung)
The New Braunfels City Council could free up the cash to fund a number of public improvement projects on Monday.
2008-08-10 11:32:42 -
Focus on Seniors: Elderly among favorite targets of predatory lenders (Florida Today)
Wikipedia.com defines predatory lending as "the practice of a lender deceptively convincing borrowers to agree to unfair and abusive loan terms, or systematically violating those terms in ways that make it difficult for the borrower to defend against.
2008-08-10 11:33:21 -
The Herald-Zeitung (The New Braunfels Herald-Zeitung)
Homes holding value even as market slows Comal County houses taking longer to sell, but average price continues to climb. August 10, 2008 Professor sparks kids' interest in insects Entomology expert from Texas State shows kids how to collect and preserve different bug specimens.
2008-08-10 11:33:30 -
NZ dollar steady near 11-month lows, bonds flat (The Economic Times)
The New Zealand dollar was slightly weaker, easing close to 11-month lows on a resurgent U.S. dollar.
2008-08-10 11:34:15 -
(AFX UK Focus) 2008-08-11 07:06 More than 12 suitors voice interest in buying Cains - report (Interactive Investor)
LONDON (Thomson Financial) - More than a dozen potential bidders have expressed interest in buying supermarket own-brand beer supplier Cains, the Daily Telegraph reported.
2008-08-10 11:37:59