Mortgage and Financial News From 2008-2-13 Page 01

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  • Paulson: rate cuts alone can't end US credit woes

    Reuters - WASHINGTON, Feb 13 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Wednesday interest-rate cuts alone would not solve the credit woes afflicting U.S. financial markets. "All of the markets aren't performing as normal and we're not able to ...
    2008-02-13 03:06:00
  • Pressure eases on Fed to impose new rate cut

    Times Online - The likelihood of another emergency cut in US interest rates decreased as new data showed that American retail sales had risen unexpectedly by 0.3 per cent in January. However, economists said that the outlook for the economy in the United States ...
    2008-02-13 02:44:00
  • Jobless fall may lift rates

    News.com.au - THE unemployment rate dropped to a fresh 33-year low of 4.1 per cent in January, fuelling speculation of another interest rate hike. The unemployment rate fell to a seasonally-adjusted 4.1 per cent in January compared with 4.3 per cent in December ...
    2008-02-13 09:03:00
  • British central bank hints at limited rate cuts

    Xinhua News Agency - LONDON, Feb. 13 (Xinhua) -- The Bank of England signaled on Wednesday that the scope for further interest rate cuts is limited, despite slow growth, after it forecast higher inflation. The bank predicted that Britain's growth would slow sharply to ...
    2008-02-13 04:24:00
  • Inflation fears dash hopes of new rate cuts

    Times Online - Growth will slow sharply this year but there is only limited room for further interest rate cuts, the Bank of England (BoE) said yesterday. In a hawkish quarterly inflation report, the Bank said that annual growth would slow to below 2 per cent, down ...
    2008-02-13 04:39:00
  • Taiwan 25 bln twd, 273-day T-bill offer fully awarded at 2.160 pct

    CNBC - TAIPEI (XFN-ASIA) - The central bank said it awarded 25 bln twd in 273-day treasury bills today amid strong demand. The interest rate on the offer -- the stop-out rate -- was 2.160 pct. The stop-out rate represents the highest bid rate needed to ...
    2008-02-13 11:05:00
  • Jobless rate falls to 33-year low

    News.com.au - THE unemployment rate dropped to a fresh 33-year low of 4.1 per cent in January, fuelling speculation of rising wages and another interest-rate hike in March. The unemployment rate fell to a seasonally adjusted 4.1 per cent in January, from 4.3 per ...
    2008-02-13 06:04:00
  • CBA hints at more rate rises

    News.com.au - THE Commonwealth Bank of Australia today defended its recent interest rate rise, saying it may have to raise rates again. But CBA chief executive Ralph Norris said it still had the equal lowest rates in the market, despite raising its standard ...
    2008-02-13 05:22:00
  • King's focus on inflation dampens hopes of a series of rate cuts

    The Independent - The Bank of England dampened hopes of a series of interest rate cuts as the Governor hammered home his determination to keep to the 2 per cent inflation target over the medium term. The central bank's quarterly Inflation Report yesterday predicted ...
    2008-02-13 05:43:00
  • CBA defends interst rate hike, more possible

    News.com.au - Mr Norris said the bank had absorbed between 8-10 basis points of the official interest rate hikes. "If rates stay where they are then I would expect that we would be increasing our rates in line with the RBA increases," he said. "With the RBA's view ...
    2008-02-13 09:39:00
  • UBS Won't Support Auction-Rate Securities as Failures Increase

    Bloomberg - Local governments are obliged to pay the high rates until either the auctions start attracting more buyers or they modify the bonds to some other kind of variable-rate debt or a fixed interest rate. Bankers and borrowers have been working on ...
    2008-02-13 09:39:00
  • Teknion Corporation Announces 2007 Fourth Quarter and Year-End Results

    Market Wire - ... international markets and operations; significant fluctuations in exchange rates ... unit is less than its carrying amount, further evaluation is required to compare ... Net proceeds on sale, after the discharge of the mortgage on the property of $13.9 ...
    2008-02-13 02:30:00
  • Australia's Jobless Rate Falls to Lowest Since 1974 (Update4)

    Bloomberg - Signs that the jobs boom is stoking inflation was a key reason Reserve Bank of Australia Governor Glenn Stevens raised the benchmark interest rate by a quarter point to 7 percent last week, adding to similar moves in November and August. ...
    2008-02-13 09:39:00
  • Bank of Japan expected to stand pat at two-day meeting on interest ...

    CNBC - Bank of Japan expected to stand pat at two-day meeting on interest rate policy ... TOKYO - The Bank of Japan was expected to stand fast on interest rates at a two-day policy meeting that began Thursday ...
    2008-02-13 11:05:00
  • Bank of Japan Begins Rate Policy Meeting - Houston Chronicle

    Bank of Japan Begins Rate Policy MeetingHouston Chronicle, United States - 15 minutes ago2008 AP TOKYO — The Bank of Japan was expected to stand fast on interest rates at a two-day policy meeting that began Thursday amid concerns about the ...
    2008-02-13 11:08:06