Mortgage and Financial News From 2007-12-22 Page 17
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Pound hits all-time low against euro
International Herald Tribune - LONDON : The pound hit an all-time low versus the euro on Friday as expectations of an interest rate cut on the back of a slowing economy led investors to sell the currency. The pound held near its lowest in more than a year and a half on a trade ...
2007-12-21 02:44:00 -
SunTrust's glow also fading in credit crunch
St. Petersburg Times - Recent Federal Reserve interest-rate cuts also forestall any boost in loan profits that banks such as SunTrust were hoping would offset housing and credit woes. "The halo's gone," said Christopher Marinac, research director at FIG Partners LLC, a ...
2007-12-21 09:32:00 -
China shares gain on bargain-hunting
Boston Globe - SHANGHAI, China -- Chinese stocks rose Friday, though property developers declined after the central bank announced an interest rate hike, the country's sixth for this year. The benchmark Shanghai Composite Index gained 1.2 percent, or 58.24 points ...
2007-12-21 02:58:00 -
US RATE FUTURES-Take a hit from PCE, spending data
Reuters - CHICAGO, Dec 21 (Reuters) - U.S. short-term interest rate futures slipped on Friday after a government report showed strong consumer spending and an uptick in inflation, tempering worries about an economic slowdown. The futures sell-off trimmed the ...
2007-12-21 09:00:00 -
Lenders failing to pass on rate cut to borrowers
Financial Times - Only half of all mortgage lenders have signalled that they will cut interest rates in the wake of this month's quarter-point base rate reduction, according to research by financial comparison site Moneyfacts.co.uk. Some of the biggest lenders ...
2007-12-21 09:03:00 -
Interest rate hikes won't quell property appetite
China Daily - Friday's interest rate hike will likely curb investment-oriented house buying but will not deliver a major blow to the property market, experts say. The People's Bank of China raised the one-year deposit interest rate by 27 basis points to 4.14 ...
2007-12-21 08:42:00 -
Cyprus' central bank cuts key interest rate by 50 basis points
CNBC - NICOSIA, - Cyprus' central bank cut its key interest rate by 50 basis points on Friday to align monetary policy with the European Central Bank before the island's Jan. 1 entry into the euro zone. The minimum bid rate on main refinancing operations ...
2007-12-21 09:22:00 -
US Fed has auctioned another $20 billion in funds to commercial banks ...
International Herald Tribune - WASHINGTON : The Federal Reserve, working to combat the effects of a severe credit crunch, announced it had auctioned another $20 billion (€13.9 billion) in funds to commercial banks at an interest rate of 4.67 percent. Fed officials pledged to ...
2007-12-21 07:23:00 -
Lingering interest rate talk in U.S. undercuts dollar's steady rise ...
San Diego Union-Tribune - FRANKFURT, Germany – The dollar slipped against the euro and pound Friday on speculation that the U.S. Federal Reserve may cut interest rates next month. The 13-nation euro bought $1.4368 in morning trading, up from $1.4323 in New York late ...
2007-12-21 02:44:00 -
Lenders fail to pass on rate cut to borrowers (FT.com via Yahoo! News)
Only half of all mortgage lenders have signalled that they will cut interest rates in the wake of this month's quarter-point base rate reduction, according to research by financial comparison site Moneyfacts.co.uk.
2007-12-21 06:55:14 -
Chinese shares rise for third consecutive session despite interest rate hike (People's Daily)
Chinese shares rose for the third day in a row on Friday, as investors shrugged off the sixth interest rate hike this year. The central bank raised the benchmark one-year deposit rate by 0.27 percentage points and the lending rate b ...
2007-12-21 04:06:50 -
Interest rate hikes won't quell appetite for real estate (China Daily)
Friday's interest rate hike will likely curb investment-oriented house buying but will not deliver a major blow to the property market, experts say.
2007-12-21 04:42:06 -
China: Stock Market Unperturbed By Interest Rate Hike (Sin Chew Jit Poh)
BEIJING, CHINA: Chinese stocks have shrugged off the year's sixth interest rate hike as the major index gained for a third day and recaptured the 5100-point position by close of trading.
2007-12-21 08:20:55