Mortgage and Financial News From 2008-5-8 Page 10
Previous Day: 2008-05-07
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India Morning Call - Global Markets - Reuters India
NEW YORK - The dollar rose on Wednesday as a surprise advance in U.S. productivity added to gains booked after a Federal Reserve official said the central bank must stand ready to raise interest rates to combat inflation. A sharp decline in euro zone ...
2008-05-07 07:27:00 -
Peru's Credicorp 1Q net earnings soar 125 percent - International Herald Tribune
LIMA, Peru : Credicorp Ltd., Peru's largest financial-holding company, said Wednesday that profit surged 125 percent in the first-quarter as loans swelled, interest rates rose and currency gains helped to inflate its holdings. Net income rose to US ...
2008-05-07 05:25:00 -
UPDATE 1-Fed seeks approval to pay interest on reserves - Reuters
WASHINGTON, May 7 (Reuters) - The U.S. Federal Reserve has begun talks with Congress about starting to pay interest on commercial bank reserves this year, a move that would help the central bank thaw frozen credit markets, a person familiar with the ...
2008-05-07 07:45:00 -
Bank of Korea leaves key interest rate steady at 5 percent - International Herald Tribune
SEOUL, South Korea : The Bank of Korea left its key interest rate unchanged Thursday for a ninth straight month due to soaring import costs amid looming signs of an economic slowdown. The central bank kept its benchmark seven-day repurchase rate at 5 ...
2008-05-07 06:44:00 -
Franklin Credit Announces Hedge Agreements - MSN MoneyCentral
ADDITIONAL INTEREST RATE SWAPS WILL REDUCE IMPACT OF FUTURE INCREASES IN SHORT-TERM INTEREST RATES NEW YORK, May 6 /PRNewswire-FirstCall/ -- Franklin Credit Management Corporation FCMC , a specialty consumer finance company primarily engaged in the ...
2008-05-06 12:40:00 -
Bank of England set to hold rates - International Herald Tribune
LONDON : The Bank of England looks more likely to leave interest rates on hold rather than cut them later on Thursday, but a stream of dismal data over recent days has made the decision a close call. Only five of 65 economists polled last week ...
2008-05-07 11:16:00 -
Managing Your Credit Card Debts (Carteret County News-Times)
(ARA) - Credit cards are not always a bad thing, if you are smart with how you use them. They enable us to buy items immediately, eliminate having to carry cash, and record and track purchases. Disadvantages include interest, fees, and increased impulse buying.
2008-05-08 03:11:47 -
AP Executive Morning Briefing (Tri-City Herald)
The top business news from The Associated Press for the morning of Thursday, May 8, 2008:
2008-05-08 03:12:18 -
TTM Technologies, Inc. to Offer $125 Million of Convertible Senior Notes (Business Wire via Yahoo! Finance)
SANTA ANA, Calif.----TTM Technologies, Inc. , North America's largest printed circuit board manufacturer, today announced its intention to offer, subject to market and other conditions, $125 million aggregate principal amount of Convertible Senior Notes due 2015 in an underwritten public offering.
2008-05-08 03:15:00 -
Bank chief says South Korea's growth to slow (INO News)
(AP:SEOUL, South Korea) The head of Bank of Korea said Thursday that South Korea's economy is likely to expand at less than 4.5 percent this year. That would be slower than growth of 5 percent in 2007 and down from an earlier forecast of gross domestic product of 4.7 percent in 2008.
2008-05-08 03:16:43 -
Pound higher ahead of rate decision (Financial Times)
The pound edged higher from a 10-week low against the dollar on Thursday as investors trimmed bets against the currency ahead of the Bank of England’s decision on interest rates.
2008-05-08 03:16:59 -
Sales of soaring skyscrapers sag (The San Francisco Examiner)
In recent years, taxes from the sales of multimillion-dollar downtown skyscrapers have provided a budget boost for The City. But decreased sales this year have left San Francisco with $32 million less than planned for by city officials.
2008-05-08 03:18:05 -
FTSE down on banks and oils before Bank (Reuters.co.uk)
LONDON (Reuters) - The FTSE fell in late morning on Thursday ahead of the Bank of England's interest rate verdict, as gloom in oil shares and banks offset gains in miners and forecast-beating results from Unilever.
2008-05-08 03:18:19 -
Toyota issues bleak profit forecasts on yen, U.S. woes (EARTHtimes.org)
TOKYO (Reuters) - Toyota Motor Corp posted a bigger-than-expected 28 percent drop in quarterly net profit due to a stronger yen and sliding U.S. sales, and forecast its first annual profit decline in seven years.
2008-05-08 03:18:38 -
From the Archives – 1972 Sino-Japanese Détente (Far Eastern Economic Review)
Hu Jintao's visit to Japan this week marks a recent acme in the fitful relationship between China and Japan since they first resumed diplomatic ties in 1972. That year THE FAR EASTERN ECONOMIC REVIEW reported on then Prime Minister Tanaka Kakuei's historic trip to Beijing and the resulting joint communiqué, which re-established diplomatic ties between the two countries.
2008-05-08 03:18:38