Mortgage and Financial News From 2008-6-3 Page 2
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China 7-day repo rate set at 3.2770 pct vs 3.1337 pct - Forbes
BEIJING (XFN-ASIA) - The China Foreign Exchange Trading System (CFETS) set the reference rate this morning for seven-day repurchase agreements at 3.2770 pct against 3.1337 pct yesterday. The overnight repurchase rate was set at 2.8750 pct against 2 ...
2008-06-03 09:18:00 -
Economy displays resilience - News.com.au
The economy grew 3.6pc over the year to March Consumer spending up despite higher interest rates Prices : Are central bankers doing the shopping? AUSTRALIA'S economic growth rate has surprised analysts, with the economy growing by 3.6 per cent over ...
2008-06-03 06:19:00 -
New Zealand, Facing a Recession, Must Wait for Rate Reductions - Bloomberg
June 4 (Bloomberg) -- New Zealand central bank Governor Alan Bollard may be pushing the economy into a recession by keeping interest rates at a record to fight inflation, ignoring factory closures and slumping consumer spending. The Reserve Bank will ...
2008-06-03 04:03:00 -
Oil prices drop below $124 a barrel in Asia - Forbes
Oil prices dropped below $124 a barrel Wednesday in Asia as demand concerns deepened and after Federal Reserve Chairman Ben Bernanke indicated that more U.S. interest rate cuts are unlikely. Bernanke's comments suggesting inflation is too much of a ...
2008-06-03 08:56:00 -
Ohio governor signs law restricting payday lending - MSN MoneyCentral
COLUMBUS, Ohio (AP) - Gov. Ted Strickland signed a bill Monday that puts new restrictions on the payday lending industry. The law limits borrowers to four short-term loans a year and caps annual interest rates at 28 percent. The state Legislature ...
2008-06-02 10:20:00 -
Unchanged rates at ECB, BoE look certain - MSN MoneyCentral
FRANKFURT, Germany (AP) - The European Central Bank and the Bank of England both appear set to leave their interest rates unchanged this week as concerns over inflation trump any temptation to lower the cost of borrowing. Analysts were united in ...
2008-06-03 08:53:00 -
Australian growth beat expectations in first quarter (Market Watch)
HONG KONG (MarketWatch) -- The Australian economy expanded at twice the expected pace in the first quarter, helped by buoyant construction and consumer spending, defying a near-universal view the economy was headed for marked slowdown.
2008-06-03 09:37:47 -
Bernanke worried about dollar, toughens inflation message (TurkishPress.com)
Federal Reserve chairman Ben Bernanke has signaled that the US central bank is worried about the dollar, saying the sagging currency has led to "unwelcome" inflation pressures.
2008-06-03 09:45:12 -
(AFX UK Focus) 2008-06-04 05:50 Australia's better-than-expected Q1 GDP indicates resilient economy (Interactive Investor)
SYDNEY (Thomson Financial) - Australia's economy was surprisingly resilient to higher interest rates, soaring fuel prices and instability in financial markets during the first quarter, economists said on Wednesday following the release of better-than-expected gross domestic product (GDP) data for the period.
2008-06-03 09:51:55 -
(AFX UK Focus) 2008-06-04 05:50 Philippine shares close weaker ahead of inflation data, central bank meeting (Interactive Investor)
MANILA (Thomson Financial) - Philippine shares closed slightly lower in listless trade on Wednesday as anxiety prevailed a day before the announcement of the inflation figure for May and the central bank's decision on interest rates.
2008-06-03 09:53:08 -
Fed says dollar's spiral a problem (Bradenton Herald)
Worried about high prices for energy, food and other things? Ben Bernanke is, too.
2008-06-03 09:53:57 -
Aussie Surges To New Multi-month High Against Euro (Nasdaq)
(RTTNews) - Wednesday morning in Asia, the Australian dollar soared to a new multi-month high against the Euro after a report showed that the Australian economy grew more than expected in the first quarter of 2008. The aussie also climbed to a 6-week high against the loonie and a 5-day high against the kiwi.
2008-06-03 09:54:34 -
(AFX UK Focus) 2008-06-04 05:19 Asian stocks mixed as exporters lift Nikkei, Shanghai slips on telco losses (Interactive Investor)
MANILA (Thomson Financial) - Asian stocks were mixed on Wednesday with exporters helping lift the Nikkei index by more than 1 percent while extended losses in telecom stocks dragged down the Hong Kong and Shanghai markets.
2008-06-03 09:54:46 -
(AFX UK Focus) 2008-06-04 05:18 Japan's Q1 GDP seen lifted as falls in capex slow; but stronger risks ahead (Interactive Investor)
TOKYO (Thomson Financial) - A quarterly survey by the Ministry of Finance found that a reduction in corporate capital investment slowed in the first quarter to March from the previous quarter, providing enough grounds for a possible upward revision to real gross domestic product in the quarter.
2008-06-03 09:55:16 -
Republic of NL and AB. See ya later hosers! - Globe and Mail
Art Vandelai from Burlington, Canada writes: Great to see the two largest provinces in Canada taking initiative. What remains to be seen, is: how will the governments of Ontario and Quebec determine the caps. What total amount of emissions will each ...
2008-06-01 05:52:00