Mortgage and Financial News From 2007-8-20 Page 13

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  • Federal Reserve Cuts Discount Rate to Ease Credit Worries

    FOX News - It is much more critical in determining interest rates in the economy such as banks' prime lending rate. The nation's once high-flying housing market is sinking deeper into gloom, and credit, the lifeblood of the economy, is drying up. Many economists ...
    2007-08-17 12:53:00
  • Hong Kong Monetary Authority says will not cut rate to follow US Fed ...

    FXStreet.com - HONG KONG (XFN-ASIA) - The Hong Kong Monetary Authority (HKMA) is not planning any cut in interest rates, HKMA chief executive Joseph Yam said. He made the remarks to journalists who asked if Hong Kong's de-facto central bank will follow the lead of ...
    2007-08-20 06:26:00
  • London shares remain up midmorning after Fed's fund-rate cut; miners ...

    Forbes - ... mortgage lending in the UK reached a new record level for the month of July despite the Bank of England's series of interest rate ... It said it believed the capital markets will remain open to Northern Rock, being a highly-rated issuer of prime ...
    2007-08-20 10:43:00
  • Asian Stocks Climb Most in Three Years After Fed's Rate Cut

    Bloomberg - Federal Reserve unexpectedly cut its discount rate, halting a global equities ... citing the industry's underperformance and prospects for the Fed to lower interest ... Singapore Prime Minister Lee Hsien Loong late yesterday raised the forecast for ...
    2007-08-20 10:58:00
  • Hong Kong shares close sharply higher on China move, US discount rate ...

    Forbes - The news provided strong boost to H-shares as they are seen as prime targets for ... credit worries by announcing Friday that it is cutting its key discount rate by ... I expect the strong interest in H-shares to be sustained... as investors speculate on ...
    2007-08-20 10:29:00
  • Thai shares jump on Fed rate cut , referendum result

    Thai News Agency - ... has begun to recover with the composite index surging by almost 25 points in tandem with other stock markets the world over after the US Federal Reserve cut a discount rate by a half percentage point unexpectedly to calm down fears over sub-prime ...
    2007-08-20 07:23:00
  • Thai shares close sharply higher after US rate cut, charter approval ...

    Forbes - ... prices closed sharply higher Monday, lifted by a strong regional rebound as investors took heart from a surprise US interest rate ... referendum, which was seen as a crucial test for the generals who led last September's bloodless coup, army-backed Prime ...
    2007-08-20 11:19:00
  • Asian markets rebound after U.S. rate cut

    USA Today - ... Asian stock markets rallied Monday from last week's rout, heartened by the Federal Reserve's decision to cut a key interest rate. ... Investors have hammered stocks of banks and financial firms with exposure to the collapsed sub-prime mortgage market ...
    2007-08-20 11:12:00
  • Bank of Japan may say no this week to an interest rate increase

    International Herald Tribune - TOKYO: Toshihiko Fukui, governor of the Bank of Japan, may say no this week to an interest rate increase. It will not be his last ... Resuming rate increases in Japan would put Fukui at odds with the International Monetary Fund and the government of Prime ...
    2007-08-20 09:53:00
  • Federal Reserve interest rate cut may lessen consumer confidence

    San Francisco Examiner - Had this rate been cut, it would have had a much greater effect on everyday consumers, as interest rates on prime mortgages would have dropped. The discount rate doesn’t affect mortgage or credit card payments. Economists said, however, that ...
    2007-08-20 09:46:00
  • Asian Currencies Rally as Stocks Gain on Fed Discount Rate Cut

    Bloomberg - Asian Currencies Rally as Stocks Gain on Fed Discount Rate Cut By Jake Lee Aug. 20 (Bloomberg) -- Asian currencies rebounded ... Singapore's currency, which is managed against a basket of its biggest trading partners, also gained as Prime Minister Lee ...
    2007-08-20 08:35:00
  • CPF Board to pay higher interest (Channel News Asia via Yahoo! Asia News)

    SINGAPORE: Prime Minister Lee Hsien Loong announced a 1 percentage point increase in interest for part of the savings in Central Provident Fund (CPF) accounts in his National Day Rally speech on Sunday.
    2007-08-19 02:17:05
  • Thai shares jump on Fed’s interest cut , referendum result (MCOT - TNA English News)

    BANGKOK, Aug 20 (TNA) – The investment sentiment in the Stock Exchange of Thailand has begun to recover with the composite index surging by almost 25 points in tandem with other stock markets the world over after the US Federal Reserve cut a discount rate by a half percentage point unexpectedly to calm down fears over sub-prime lending woes.
    2007-08-20 07:16:47
  • Dollar steady as Fed rate cut calms market (Philstar.com)

    TOKYO (AFP) - The dollar held steady in Asian trade on Monday as the US Federal Reserve's decision late last week to cut its discount interest rate helped to bolster ailing global stock markets, dealers said.
    2007-08-20 03:57:10
  • CPF savings to earn higher interest (Channel News Asia via Yahoo! Asia News)

    SINGAPORE: Prime Minister Lee Hsien Loong announced a one percentage point increase in interest for part of the savings in Central Provident Fund (CPF) accounts in his National Day Rally speech on Sunday.
    2007-08-20 04:47:03