Mortgage and Financial News From 2008-3-10 Page 14

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  • Anhui gambling gang stands trial in east China

    Xinhua News Agency - The interest rate was said to bring in nearly one million yuan a month. More than 10 people who failed to pay the interest allegedly suffered threats, illegal detention and assault and battery, the court heard.
    2008-03-10 05:48:00
  • UPDATE 5-Gold falls on firmer dlr, platinum at 1-mth low

    Forbes - Federal Reserve meeting next week, but expectations of further interest rate cuts in the United States were likely to support the market over the medium to long-term.
    2008-03-10 06:31:00
  • Thursday, March 6

    News.com.au - THE reserve bank is watchful but up-beat about winning its battle against inflation, even if another interest rate rise to 7.5 per cent in May is a strong possibility.
    2008-03-10 06:02:00
  • UPDATE 1-ECB concerned about excessive FX moves - Trichet

    Reuters - The euro has soared against the dollar over the past week, hitting an all-time high near $1.5460 as fears of a U.S. recession and more Federal Reserve interest rate cuts grew.
    2008-03-10 06:23:00
  • UPDATE 1-ECB concerned about excessive FX moves - Trichet

    Forbes - It was important that we would continue to be solid anchors of inflationary expectations ... and also of course taking the position that would permit the anchoring of the very short term interest rate on the money market.
    2008-03-10 06:31:00
  • Manufacturers' costs soar at record pace

    International Herald Tribune - But sharp rises in food and energy prices are increasing the risk of it staying well above that target, making it harder to justify interest rate cuts despite ongoing financial market turmoil.
    2008-03-10 06:09:00
  • Producer prices at 16-year high

    BBC Business - In February, the Bank's rate-setting Monetary Policy Committee reduced the key UK interest rate from 5.5% to 5.25% amid growing evidence that the economy is slowing.
    2008-03-10 06:31:00
  • U.S. Stock-Index Futures Gain on Speculation Fed Will Cut Rates

    Bloomberg - March 10 (Bloomberg) -- U.S. stock-index futures advanced on speculation the Federal Reserve will accelerate interest-rate cuts to prop up the world's largest economy. Citigroup Inc. and Caterpillar Inc. advanced after Goldman Sachs Group Inc. said ...
    2008-03-10 06:02:00
  • China stock index falls to 7-month low

    Boston Globe - SHANGHAI, China— Chinese stocks fell to a seven-month low Monday as investors sold on worries over a possible interest rate hike to counter inflation and over slower growth in corporate earnings. The benchmark Shanghai Composite Index tumbled 3.6 ...
    2008-03-10 05:48:00
  • Dollar dives as Fed rate cut eyed

    CNN Money - He said that the euro could reach $1.55 this week - particularly if the Federal Reserve continues to cut its interest rate. Lower interest rates can jump-start a nation's economy, but can also weigh on its currency as traders transfer funds to ...
    2008-03-10 05:05:00
  • CBA ups rate by 35 points

    News.com.au - In the 3 years prior to losing office under the Coalition there were 5 interest rate rises amounting to a total of 1.25%, in just 3 months under Labor there have been 3 interest rate rises amounting to a total of 1.47%
    2008-03-10 06:02:00
  • Goldman says can't rule out Fed emergency rate cut

    Boston Globe - NEW YORK (Reuters) - An emergency interest rate cut from the Federal Reserve is possible ahead of its March 18th policy meeting, according to a Goldman Sachs research note on Monday. Goldman said its view on Fed policy changed on Friday. The ...
    2008-03-10 06:16:00
  • HedgeFund.net (HFN): Hedge Funds Rise as Equity Markets Fall in February (PR Newswire via Yahoo! Finance)

    Early estimates show the HFN Hedge Fund Aggregate Average, an equal weighted benchmark of all single manager hedge funds and CTA/managed futures products in the HedgeFund.net database, was +2.93% in February 2008.
    2008-03-10 06:50:00
  • Market opens flat; McDonald's rises (EARTHtimes.org)

    NEW YORK (Reuters) - U.S. stocks opened little changed on Monday after stronger-than-expected same-store sales from McDonald's Corp and speculation about an emergency interest rate cut overshadowed concerns about the economy.
    2008-03-10 06:51:16
  • German Export Growth Accelerates More Than Expected (Update5) (Bloomberg.com)

    March 10 (Bloomberg) -- German exports rose more than three times faster than economists forecast in January, as shipments to countries outside Europe increased.
    2008-03-10 06:52:30