Mortgage and Financial News From 2008-7-31 Page 01

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  • Dollar near 1-mth high vs euro before US jobs data - Forbes

    United States - * Dollar edges up near 1-mth high vs euro before US payrolls * Rate cut speculation batters Aussie, kiwi hits 10-month low * Japan PM Fukuda to reshuffle cabinet, little impact seen
    2008-07-31 09:49:00
  • FOREX-Dollar near 1-mth high vs euro before US jobs data - CNBC

    TOKYO, Aug 1 (Reuters) - The dollar edged up towards a one-month high against the euro on Friday before monthly U.S. jobs data later in the day, with investors viewing the report as a key hurdle for whether the U.S. currency can sustain its rebound ...
    2008-07-31 09:49:00
  • Japan Bonds May Gain on Rate-Cut Outlook, Sumitomo Mitsui Says - Bloomberg

    July 30 (Bloomberg) -- Japan's five-year government bonds are likely to climb, driving yields down to 0.8 percent by the end of the year, as a deepening economic slump makes interest- rate cuts more likely, according to Sumitomo Mitsui Banking Corp ...
    2008-07-29 11:03:00
  • The Fed's rate dilemma - CNN Money

    NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke talked about the risks posed by both further economic weakness as well as inflation in testimony to Congress last month. But if the Fed leaves interest rates unchanged on August 5, that ...
    2008-07-31 01:35:00
  • RBA tipped to leave interest rates steady - The Australian

    THE Reserve Bank is expected to leave interest rates on hold next week amid further signs that domestic demand is slowing. None of the 19 economists surveyed by AAP expect the central bank to raise the official cash rate at its August 5 board meeting ...
    2008-07-31 06:29:00
  • November emerges as rate-cut hope - The Age

    Mortgage-holders and other borrowers can expect to see a rate cut by November after weaker-than-expected retail sales and slowing inflation signalled the economy moves closer to stalling. Investors' expectations shifted overnight, pricing in a ...
    2008-07-31 06:00:00
  • RBA told to cut rates or Australia goes into recession - News.com.au

    THE Reserve Bank has gone too far with its relentless run of interest rate rises, with economists now calling for urgent rate cuts to save the country from full-blown recession. Grim economic data released by the Australian Bureau of Statistics ...
    2008-07-31 05:03:00
  • Thai Inflation Accelerates; May Prompt Rate Increase (Update1) - Bloomberg

    Aug. 1 (Bloomberg) -- Thailand's inflation accelerated to the fastest pace in a decade in July, suggesting the central bank may increase borrowing costs further to cool prices even as economic growth cools. Consumer prices gained 9.2 percent from a ...
    2008-07-31 09:49:00
  • Choice: Rate cut or recession - News.com.au

    Economists say Reserve Bank has gone too far Rates must fall 'urgently', or recession certain Terry McCrann : Time for RBA to start cutting rates IT'S official, the Reserve Bank has gone too far with its relentless run of interest rate rises , with ...
    2008-07-31 05:31:00
  • RBI may act again only if commodity prices rise: HSBC - Moneycontrol.com

    RBI may act again only if commodity prices rise: HSBCMoneycontrol.com, India - 4 minutes agoVineet Malik, Director and Head of Interest Rates At HSBC India feels that the RBI move has anchored long-term inflationary expectations better. ...
    2008-07-31 10:47:02
  • Commissioners unseal courthouse bids (Marion Chronicle-Tribune)

    Five unsealed envelopes revealed four bids to loan money to Grant County for rehabilitation work on the Grant County Courthouse. The envelopes were unsealed Thursday during a special session of the Grant County Commissioners.
    2008-07-31 10:35:26
  • Thomasville: Mixed drinks, mixed results (Asheboro Courier-Tribune)

    Editor’s Note: In 1994, Asheboro voters rejected legal sales — as they had in 1985, in 1977 and in 1965. Alcohol is on the ballot again 14 years later. A series of stories that explores the volatile issue continues today.
    2008-07-31 10:41:12
  • Dollar firmer against euro in Asia (Zawya)

    TOKYO, Aug 1, 2008 (AFP) - The dollar clawed back against the euro in Asian trade Friday as traders waited for key US jobs data amid renewed jitters about the health of the world's largest economy, dealers said.
    2008-07-31 10:41:36
  • House panel backs curbs on credit card practices (Washington Post)

    WASHINGTON (Reuters) - Legislation aimed at curbing credit card billing practices that surprise borrowers with unexpected interest rate increases and fees was approved on Thursday by a U.S. House of Representatives committee.
    2008-07-31 10:43:37
  • Reserve Bank signals rates may have peaked (Business Day)

    THE Reserve Bank’s chief economist Monde Mnyande sent a strong signal yesterday that interest rates may have peaked, spurring a rally in the bond market which was also backed by news of lower than expected factory inflation.
    2008-07-31 10:46:28