Mortgage and Financial News From 2008-7-3 Page 13
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ECB expected to raise rates as inflation jumps - International Herald Tribune
LONDON : The European Central Bank is expected to raise interest rates for the first time in over a year on Thursday, following broad hints from policymakers, as it tries to cool inflation from close to boiling point. A month ago analysts had ...
2008-07-02 10:31:00 -
Services data hits pound - Financial Times
The pound lost ground on Thursday after a survey suggested activity in the UK services sector dropped to its lowest level in six years last month. The UK services purchasing managers’ index dropped from 49.8 in May to 47.1 in June, way below ...
2008-07-03 02:56:00 -
ECB to raise interest rates, markets eye more - Forbes
FRANKFURT, July 3 (Reuters) - The European Central Bank is expected to raise interest rates on Thursday for the first time in more than a year and analysts are keen for any hint on whether one increase will be enough to extinguish price pressures ...
2008-07-03 03:38:00 -
Iceland keeps interest rates on hold at 15.5 pct - CNBC
STOCKHOLM, July 3 (Reuters) - Iceland's central bank held interest rates at a record 15.5 percent on Thursday despite inflation running at its highest level since 1990. The central bank has raised interest rates sharply over the past four years to ...
2008-07-03 02:27:00 -
(AFX UK Focus) 2008-07-03 10:37 RWI research institute urges ECB to raise interest rates on Thursday (Interactive Investor)
ESSEN (Thomson Financial) - RWI research institute said the European Central Bank should increase its key interest rates at its Governing Council meeting on Thursday in order to fulfil its mandate to maintain price stability in the euro zone and keep its credibility.
2008-07-03 03:07:55 -
Finance leasing firms and the inflation lament (Vietnam Net)
VietNamNet Bridge – Tightened credit policy and high interest rates both have pushed finance leasing firms against the wall.
2008-07-03 03:12:16 -
Need More Room? Don't Move - Improve (Carteret County News-Times)
(ARA) - According to the National Association of Realtors, the continuation of a soft market is predicted for existing home sales in the coming months. This comes as bad news for people who are considering selling their homes in the near future.
2008-07-03 03:21:26 -
DLF Announces Share Buy-Back (Nasdaq)
(RTTNews) - DLF, India's biggest real-estate developer by market capitalization announced a buyback of its equity shares from the public. The company has scheduled a meeting of the board of directors on July 10 to decide on the buyback price and the cost of the buyback.
2008-07-03 03:47:31 -
Central bank expected to aggressively hike rates (GMA News)
MANILA, Philippines - Merrill Lynch, the biggest foreign fund manager in the Philippines, is betting that the Bangko Sentral ng Pilipinas will aggressively raise policy rates this year to arrest the country"s galloping inflation.
2008-07-03 03:51:21 -
West's loss of Gulf funds East's gain (Asia Times)
DUBAI - As politically motivated restrictions on investments by oil-rich countries intensify in the West, the sovereign wealth funds (SWFs) of the Gulf countries could opt to invest in Asia and other emerging markets despite attractive valuations in the slowing US and European markets.
2008-07-03 03:51:52 -
Nigeria: Probing the Banks (AllAfrica.com)
The conduct of legislative oversight into the banking sector is, no doubt, one of such probes being carried out in the economy by the House of Representatives.
2008-07-03 03:53:05 -
Use social networking sites to snag ‘twentysomething’ home buyers - Nashville City Paper
Despite the housing recession, there are still more than 1.5 million real estate agents in the United States. Competition is one thing good real estate agents have in common. Real estate agents are used to competing heartily against each other for ...
2008-07-02 11:42:00 -
Higher sales spur growth in home mortgages - Herald Tribune
The Mortgage Bankers Association reported Wednesday that mortgage applications increased 3.6 percent during the week ended June 27. The trade group's application index climbed to 477.7, bouncing back from a year-to-date low of 461.3.
2008-07-03 01:37:00 -
We're in for a bleak winter as the economy slumps into deep freeze - Daily Telegraph
This is not just any slump, this is an M&S slump. It is a risotto recession and a Starbucks slowdown. The credit crunch has just landed foursquare in the front garden. Listen to Howard Schultz of Starbucks, who is axing seven per cent of his global ...
2008-07-03 12:47:00 -
Bias seen in mortgages - Baltimore Sun
NAACP officials accused top lenders of discriminatory mortgage practices in a series of protests yesterday in Baltimore and cities across the nation. Last year, the National Association for the Advancement of Colored People filed lawsuits against 17 ...
2008-07-03 12:11:00