Mortgage and Financial News From 2008-8-21 Page 14
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DCB feels another hike in interest rate on cards (New Kerala)
Mumbai, Aug 21 : Privately owned Development Credit Bank (DCB) visualises another increase in the interest rates by banking regulator Reserve Bank of India before the end of the current calendar year.
2008-08-21 01:45:23 -
Massmart triumphs (iafrica.com)
In a negative trading environment, retailer Massmart has announced "strong" results.
2008-08-21 01:52:24 -
NAB will deliver rate cut (Perth Now)
NAB has confirmed it will pass on a 25 basis point rate cut if the RBA reduces the official cash rate at its September board meeting.
2008-08-21 02:11:00 -
Five million hit by E.ON's energy price hikes (Times Online)
E.ON, the energy provider, has become the latest to reveal prices rises above the level of inflation, by adding 15 per cent to the price of gas and 9.7 per cent to electricity from tomorrow.
2008-08-21 02:34:08 -
(AFX UK Focus) 2008-08-21 10:27 UPDATE 1-POLL-Euro zone business activity stabilises in August (Interactive Investor)
LONDON, Aug 21 (Reuters) - Business activity in the euro zone unexpectedly stabilised at weak levels in August, while the plunge in crude oil eased inflationary pressure, bolstering the view that interest rates will stay on hold for now. The August Flash Eurozone PMI data from RBS/Markit published on Thursday were all better than expected, although they pointed to an ongoing deterioration in ...
2008-08-21 02:59:54 -
Shamir Optical Industry Ltd. Reports Second Quarter 2008 Results (PR Newswire via Yahoo! Finance)
Shamir Optical Industry Ltd. , a leading provider of innovative products and technology to the ophthalmic lens market, today announced unaudited financial results for the second quarter ended June 30, 2008.
2008-08-21 03:00:00 -
Regulator Will Help Borrowers at IndyMac (The Gainesville Sun)
Troubled borrowers with mortgages from IndyMac will be able to seek lower-priced, fixed-rate loans under a plan unveiled by the regulatory agency that took over the failed thrift.
2008-08-21 03:06:23 -
Where to Find College Funding in a Credit Crunch (Carteret County News-Times)
(ARA) - This year alone, more than 60 lenders have exited the federal student loan market and in the private market, most lenders have significantly tightened restrictions or left the business altogether.
2008-08-21 03:06:25 -
FDIC Restructuring Some IndyMac Loans (Washington Post)
Federal regulators yesterday announced a plan to systematically modify the loans of at least 25,000 homeowners with mortgages held by failed lender IndyMac in an attempt to create an industry model for assisting troubled borrowers.
2008-08-21 03:11:48 -
Shiloh ponders issuing working cash bonds - Paris Beacon-News
HUME – After several years of facing deficit budgets and watching fund balances dwindle, the Shiloh Board of Education is looking for ways to generate more cash. An option available to the board is selling working cash bonds to increase the amount ...
2008-08-20 01:40:00 -
FOREX-Dollar edges off 8-month peak on profit-taking - FXStreet.com
TOKYO, Aug 21 (Reuters) - he dollar edged down on Thursday, slipping from an eight-month high against a basket of currencies as investors booked profits on the U.S. currency's surge this month. Persistent worries that a bailout of U.S. mortgage ...
2008-08-20 08:42:00 -
Dovish central bank stance hits pound - Financial Times
Sterling slid against the dollar on Wednesday, on expectations of UK interest rate cuts by the end of the year Minutes from the Bank of England’s August meeting were interpreted as showing an increasingly dovish stance on interest rates. Sterling ...
2008-08-20 04:36:00 -
Abbey slashes rates on fixed and flexible deals - Banking Business Review
The rates now start from the following with a GBP995 fee: two-year fixes from 5.89% at 70% loan-to-value (LTV); three-year fixes from 5.79% at 70% LTV; two-year fixes from 5.99% at 75% LTV; and three-year fixes from 5.94% at 75% LTV. In addition, all ...
2008-08-20 05:36:00 -
Who wins in a credit crunch? Ask the person with cash (Los Angeles Times)
Blog: Continuing turmoil in the financial system is keeping mortgage rates up, but also means better interest earnings for investors and savers
2008-08-20 09:11:31 -
Tight liquidity grips money market (Business Standard India)
The rupee liquidity in the money market remained tight on Wednsday, triggering inter-bank call rates to rise to an intraday high of 9.70 per cent. The funds crunch also led to banks rolling over their certificates of deposits (CDs) at 10-15 basis points higher to mobilise resources.
2008-08-20 12:44:39