Mortgage and Financial News From 2008-9-21 Page 01
Previous Day: 2008-09-20
Return to the mortgage news archive home.
-
ECB maintains focus on inflation - Financial Times
For the European Central Bank, guardian of the euro currency, the world has changed in the past week - but nothing has changed. Financial market liquidity-boosting operations have been stepped-up by the Frankfurt-based institution. But whatever ...
2008-09-21 09:59:00 -
Iran's Central Bank Governor dismissed - Business24-7
Iran's Central Bank Governor has been dismissed, an Iranian official said, a year after he took office and following differences with the government over the nation's monetary policy. Tahmasb Mazaheri, appointed in September last year, has differed ...
2008-09-21 09:02:00 -
How $700 billion Paulson-Bernanke plan may help house prices - Christian Science Monitor
That sign has been popping up with rising frequency in front yards across America as banks unload foreclosed homes. Moreover, the distressed real estate market is causing housing prices to drop further, prompting yet more sales. It's been a vicious ...
2008-09-21 08:26:00 -
JGBs slip as Nikkei rises on U.S. bailout plan - Forbes
TOKYO, Sept 22 (Reuters) - Japanese government bonds fell on Monday as Tokyo shares rose and U.S. Treasuries tumbled late last week on the U.S. government's steps to help end the credit crisis. But losses in JGBs were limited as yields have risen to ...
2008-09-21 09:38:00 -
China Stocks Surge for 2nd Day on Buyback Rules, U.S. Bailout - Bloomberg
Sept. 22 (Bloomberg) -- China stocks surged for a second day after the securities regulator said it may make it easier for companies to buy back shares and the U.S. government unveiled a $700 billion debt rescue plan. Bank of China Ltd. , the nation ...
2008-09-21 09:16:00 -
Australia stocks rise over 3 pct; miners rebound - CNBC
SYDNEY, Sept 22 (Reuters) - Australian shares jumped 3.8 on Monday, boosted by a ban on short selling and renewed confidence after the U.S. government unveiled steps to rescue the financial system. The benchmark S&P/ASX 200 index was up 184.7 points ...
2008-09-21 09:30:00 -
Rate cuts are coming, but will banks pass them on? - ninemsn
The Reserve Bank of Australia (RBA) may be planning a few more interest cuts but the question is, will the banks pass these reductions on to home borrowers? Saul Eslake, chief economist with ANZ Bank, says with the cost of funding under pressure the ...
2008-09-21 07:07:00 -
Credit Act takes toll on estate agents (Independent Online)
Estate agents are being worn out in the fight against belt-tightening interest rates and tight-fisted banks.
2008-09-21 10:23:24 -
Bernanke at halftime: Deserving of some credit (The Philadelphia Inquirer)
Fed Chairman Ben S. Bernanke has inspired some damning nicknames: Helicopter Ben, B-52 Ben and Bearnanke, to cite just three.
2008-09-21 10:27:12 -
(AFX UK Focus) 2008-09-22 06:05 ANALYSIS-U.S. plan not seen as quick fix for money market (Interactive Investor)
NEW YORK, Sept 21 (Reuters) - The U.S. government's $700 billion bank bailout plan should boost money markets in the coming week, but don't look for dramatic improvement in global liquidity right away given the lack of detail about the proposal so far. Money markets seized up last week when the Lehman Brothers' bankruptcy led to an upheaval in money market mutual funds. This $3.5 trillion ...
2008-09-21 10:27:43 -
Dubai property outlook likely to remain robust (Zawya)
22 September 2008 The outlook for Dubai real estate remains robust, driven by the greater entrance of end-users into the property market, a reduction in mortgage rates and an increase in financing options, according to a new report.
2008-09-21 10:27:49 -
Grasping at straws (Online Journal)
On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC’s “Good Morning America.”
2008-09-21 10:29:36 -
Commodities Bottom as Speculators Vanish After Slump (Update1) (Bloomberg.com)
Sept. 22 (Bloomberg) -- The worst may be over for commodities after the steepest rout since at least 1956 drove out speculators and the U.S. government unveiled a plan to end the worst credit-market seizure since the Great Depression.
2008-09-21 10:29:49 -
South Africa: Mkhonza Disappears From Maritzburg (AllAfrica.com)
Maritzburg United have closed the door on former Kaizer Chiefs and SuperSport United defender Siphiwe Mkhonza, who vanished from training recently. Mkhonza, who was looking to sign with United, was handed his clearance by Matsatsantsa more than six weeks ago.
2008-09-21 10:31:02 -
Rudd falls in popularity stakes (TVNZ)
Support for Australia's Prime Minister Kevin Rudd has fallen to its lowest point since his November election victory, while a change of leader has seen opposition hopes surge, a poll showed.
2008-09-21 10:36:41