Mortgage and Financial News From 2008-10-5 Page 2
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Government won't tell Bank to cut rates (Interactive Investor)
Mon 06 Oct, 2008 01:00
2008-10-05 06:33:54 -
UPDATE: Asian Shares, Currencies Drop; US Econ Concerns Rise (INO News)
SINGAPORE (Dow Jones)--Asian share markets have started the week on a downbeat footing, with emerging market currencies under pressure as concerns mount about the health of the U.S. - and thus global - economy.
2008-10-05 08:16:45 -
5 Mistakes That Can Ruin Your Life (Insurance) (Investopedia via Yahoo! Finance)
Dont let these simple errors leave you unprotected. Read on to learn more.
2008-10-05 08:35:39 -
Financial crisis: Cost of interbank dollar loans rises by record ... - Daily Telegraph
The rate of overnight dollar Libor – the London interbank offered rate – rose by 431 basis points to 6.88pc as a $330bn injection of dollar liquidity from the central banks failed to ease alarm about continued economic weakness and the rejection ...
2008-09-30 04:41:00 -
Said and Done - Guardian Unlimited
Uefa say new anti-obesity kids book Eat For Goals! - healthy recipes from 13 players including Ruud van Nistelrooy, Thierry Henry and Steven Gerrard - will 'inspire kids'. 'Through our active support of Eat For Goals! Uefa is focusing attention on ...
2008-10-05 04:06:00 -
The mortgage meltown, explained -- by Saturday Night Live - Los Angeles Times Blogs
From time to time over the past 30 years or so, Saturday Night Live has done some pretty good political analysis wrapped in sketch humor. This weekend was one of those times. If you have seven minutes, watch this weekend's SNL take on the bailout. It ...
2008-10-05 02:40:00 -
SOUTH KOREA'S FIXED MORTGAGE RATES RISE UP TO 10% - TradingMarkets.com
Shinhan Bank (KSE:055550), the third-biggest lender, set its fixed interest rates on three-year house-backed loans from 8.4 per cent to 10 per cent, with its highest rate rising 0.14 percentage points from early this week, the sources said. The bank ...
2008-10-05 04:13:00 -
Yen Unbeatable as Credit Seizure Proves `Carry Trade Is Dead' (Bloomberg)
Oct. 6 (Bloomberg) -- The same credit market collapse that drove Lehman Brothers Holdings Inc. into bankruptcy and sent bank borrowing costs in Europe to record highs is making the yen unbeatable.
2008-10-05 07:09:10 -
Deflation May Be Next Threat as Commodities, Asset Markets Sink (Bloomberg)
Oct. 6 (Bloomberg) -- As Federal Reserve Chairman Ben S. Bernanke and his global colleagues fight the worst financial crisis since the 1930s, one danger is looming larger by the day: deflation.
2008-10-05 07:18:01 -
Countrywide to Set Aside $8.4 Billion in Loan Aid (New York Times)
As part of a settlement with officials in 11 states, Countrywide has agreed to the largest program ever to modify home loans.
2008-10-05 07:28:07 -
Depression Deepening (GoldSeek.com)
By: David N. Vaughn, Gold Letter, Inc. We definitely live in interesting times, huh? I believe future historians will allocate Monday, September 29, 2008 as the start of the second Great Depression. That is not to say we may yet see exciting corrections and even occasionally a stronger US dollar.
2008-10-05 07:29:10 -
Bank of Japan Injects 1 Trillion Yen Into System (Update1) (Bloomberg)
Oct. 6 (Bloomberg) -- The Bank of Japan added 1 trillion yen ($9.6 billion) to the financial system as global subprime mortgage-related losses force lenders to restrict credit.
2008-10-05 07:30:16 -
Responding to the Global Financial Meltdown (This Day)
The THISDAY Town Hall Meeting, the third in the series, presented the perfect platform for regulators and operators in the financial services sector to hold discussions on the international financial crisis and its impact on the Nigerian financial system.
2008-10-05 07:31:55 -
Scotiabank forecasts recession for Canada (CTV.ca)
A Scotiabank report is forecasting recessions for both Canada and the United States that could last well into 2009. But the report says a potential recession in Canada would not be nearly as bad as one in the U.S.
2008-10-05 07:31:58 -
Finance sector enters new era of regulation (San Francisco Chronicle)
Amid the wreckage of the U.S. financial system, a new consensus is taking shape. Old Wall Street is dead. And the new era of finance will be one of much greater regulation and much less risk. The masters of the universe, as author Tom Wolfe dubbed the titans...
2008-10-05 09:15:39