Mortgage and Financial News From 2008-1-9 Page 25

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  • Rate reductions will revive economies, says top manager

    Daily Telegraph - He says he does not expect that the current inflationary pressures in the US economy will discourage the Federal Reserve from cutting interest rates this year. Mr Buxton said: "Concerns about the UK economy should also begin to subside in this ...
    2008-01-09 01:52:00
  • Sagging Sales Slam Britain's Retailers

    BusinessWeek - Analysts say current high interest rates are to blame. The Bank of England lowered interest rates last month (BusinessWeek, 12/7/07) to 5.5% from 5.75% to combat the credit crunch and sluggish economic growth. But according to Lansbanki's Deacon ...
    2008-01-09 01:17:00
  • Goldman Sachs sees US recession

    BBC Business - Goldman Sachs said that the slowdown would force the US Federal Reserve to reduce interest rates to 2.5% from the current level of 4.25%. But a survey of 62 economists by the Bloomberg news agency suggested the slowdown might not lead to a recession
    2008-01-09 10:46:00
  • Newsnight's Monetary Policy Committee

    BBC News - At current interest rates, with banks and other lenders tightening their lending conditions, there is a greater risk that the slowdown in the UK will be excessive than that it will fail to occur and inflation will accelerate. "House prices have ...
    2008-01-09 10:54:00
  • Goldman predicts light recession

    BusinessWeek - And, by the time it's all over, economists believe the Federal Reserve will cut interest rates to 2.50 percent from its current 4.25 percent. There is a silver lining to the dire prediction, however, since Goldman projects the economy will recover as ...
    2008-01-09 11:51:00
  • More firms see aggressive Fed rate cuts

    Reuters - That follows a recent Reuters poll in which a growing number of firms said they believe the U.S. economy is weakening so quickly that the central bank will cut interest rates by a half point this month from the current 4.25 percent. Cantor ...
    2008-01-09 01:10:00
  • Peak Oil & Beyond - Gold Seek

    Peak Oil & BeyondGold Seek - 1 hour agoThey basically didn’t understand that the peak oil people were talking about flow rates. They thought we were talking about the ultimate resource base, ...
    2008-01-09 02:43:48
  • Christmas misery for M&S sparks rout - Times Online

    Christmas misery for M&S sparks routTimes Online, UK - 57 minutes agoSir Stuart Rose, the chief executive, joined the calls for an interest-rate cut and said: “These are the toughest conditions I have seen for a decade. ...
    2008-01-09 02:53:46
  • Raytheon Introduces Long-Range, 360-degree Sensor for Border Security - Trading Markets (press release)

    Raytheon Introduces Long-Range, 360-degree Sensor for Border SecurityTrading Markets (press release), CA - 44 minutes agoRaytheon will market the Eagle-300 globally, including in the US So far the company has had more interest from potential international customers, ...
    2008-01-09 03:06:50
  • Breaking-up with your bank should be easy - NEWS.com.au

    Breaking-up with your bank should be easyNEWS.com.au, Australia - 44 minutes agoThe Treasurer, Wayne Swan, has come out forcefully in admonishing ANZ over its latest, larger than expected, rise in home mortgage interest rates. ...
    2008-01-09 03:07:27
  • Canada could ride out global gloom - Financial Post

    Canada could ride out global gloomFinancial Post, Canada - 44 minutes agoIt will help keep a lid on inflation giving the Bank of Canada the wiggle room it needs to cut interest rates. Mr. Wolf forecasts those will be hefty. ...
    2008-01-09 03:07:32
  • After crackdown in Lahore - The News - International

    After crackdown in LahoreThe News - International, Pakistan - 43 minutes agoLPG is being sold at Rs80 to Rs90 in parts of Lahore while rates in Karachi have also fluctuated between Rs70 to Rs75 in recent days. ...
    2008-01-09 03:07:47
  • Hornbeck Offshore to acquire Superior Achiever - Offshore Shipping Online

    Hornbeck Offshore to acquire Superior AchieverOffshore Shipping Online, UK - 39 minutes agoHornbeck has also agreed to a five-year time charter with Superior for the Superior Achiever or another acceptable vessel at a day rate commensurate with ...
    2008-01-09 03:12:11
  • The Cable Sector Drives COGECO's 2008 First Quarter Performance - StreetInsider.com (subscription)

    The Cable Sector Drives COGECO's 2008 First Quarter PerformanceStreetInsider.com (subscription), MI - 38 minutes agoThese agreements have the effect of converting the US interest coupon rate of 6.83% per annum to an average Canadian dollar fixed interest rate of 7.254% ...
    2008-01-09 03:13:24
  • For Bernanke, a Question of Toughness - New York Times

    For Bernanke, a Question of ToughnessNew York Times, United States - 30 minutes agoTheir quarrel is partly with the Fed’s reluctance to cut interest rates even more than it already has. But mostly those on Wall Street object to what they ...
    2008-01-09 03:21:06