Mortgage and Financial News From 2008-1-17 Page 7

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    WELCOME GUEST! Asian shares tumbled in early trading Friday as panicked investors dumped stocks after Wall Street set the lead and plummeted to fresh lows on intensifying recession fears, dealers said.
    2008-01-17 10:12:53
  • Bernanke backs U.S. fiscal stimulus if quick

    International Herald Tribune - He said a fiscal package could be effective if used in concert with interest-rate cuts. Bernanke's comments, which lent impetus to efforts in Congress to assemble a package of stimulus steps, also reinforced expectations in financial markets that a ...
    2008-01-17 08:38:00
  • Homebase and Argos see tough times ahead

    Daily Telegraph - Mr Duddy added that "it feels like 1995," and repeated calls for an interest rate cut. Despite a 30pc increase in internet sales Argos delivered almost flat like-for-like sales, at minus 0.2pc, in the 18 weeks to January 5. Internet sales now account ...
    2008-01-17 08:24:00
  • JGB two-year yield hits two-year low as stocks slide

    Guardian Unlimited - TOKYO, Jan 18 (Reuters) - Gains in Japanese government bonds pushed the two-year yield to its lowest in two years on Friday, with safe-haven debt surging as tumbling stocks and worries about a U.S. recession stir talk of a Bank of Japan interest rate ...
    2008-01-17 05:46:00
  • Odds of further rate cut increases after Philly Fed, erasing earlier ...

    Forbes - NEW YORK (Thomson Financial) - The odds of further interest rate cuts increased Thursday, reversing earlier declines, after the release of data showing that manufacturing activity in the Philadelphia region was much worse than expected. February fed ...
    2008-01-17 08:21:00
  • Dollar dips on Bernanke testimony

    Reuters - NEW YORK (Reuters) - The dollar slipped on Thursday after Federal Reserve Chairman Ben Bernanke told a congressional committee more interest rate cuts may be necessary as the U.S. economic outlook has worsened. In testimony before the House of ...
    2008-01-17 02:33:00
  • Mexico's Bonds Advance on Federal Reserve Rate Cut Expectations

    Bloomberg - Jan. 17 (Bloomberg) -- Mexican local bonds rose as speculation the Federal Reserve will cut U.S. interest rates spurred demand for the region's higher-yielding securities. The yield on Mexico's benchmark bond fell to its lowest in five weeks as ...
    2008-01-17 08:57:00
  • Rate Cut Hopes Can't Stop Market Drop

    CNBC - Despite promises of an interest rate cut and a government-sponsored stimulus package, stocks tumbled after economic data showed weak factory activity and Merrill Lynch reported the biggest loss in company history. Federal Reserve Chairman Ben ...
    2008-01-17 11:34:00
  • Global stocks sink again on recession fears

    International Herald Tribune - NEW YORK : World stock markets slid for a third straight day on Thursday as more weak U.S. economic data fanned fears of a recession, and bond prices jumped after Federal Reserve Chairman Bernanke boosted expectations for an aggressive interest rate ...
    2008-01-17 04:42:00
  • India can withstand impact of US rate cut’

    Sify - New Delhi: The Union Finance Minister, P. Chidambaram, today said that interest rates cut in the US would affect India but the India’s high exports to other countries, including China and Japan, would insulate it from any crisis. Though a drastic ...
    2008-01-17 07:27:00
  • No clear decision on rates

    Financial Times - Sterling rose and interest rate futures dipped as the markets digested his remarks, deciding that the likelihood of a cut by as much as 50 basis points next month was receding. "In reaching our decisions, the [monetary policy committee] always looks ...
    2008-01-17 07:12:00
  • UPDATE 2-Gold falls as consolidation kicks in, eyes Fed

    Reuters UK - The Fed is scheduled to render its interest rate decision at the end of a two-day meeting from Jan. 29 to 30. Platinum fell to $1,550/1,555 from $1,555/1,560 an ounce in New York. Palladium dropped to $366/370 an ounce from $367/372. ...
    2008-01-17 09:00:00
  • 20,000 to get trained

    News.com.au - Finance Minister Lindsay Tanner refused to comment on whether the figure increased the risk of an interest rate rise next month. "All I can say is, it is our job to ensure that the Budget settings are as strong as possible and that we are putting ...
    2008-01-17 08:38:00
  • US RATE FUTURES-Bernanke, Philly underscore rate cut ideas

    Reuters - CLEVELAND, Jan 17 (Reuters) - U.S. short-term interest rate futures pared losses on Thursday after comments from Federal Reserve Chairman Ben Bernanke and a weak reading on manufacturing in the Philadelphia Fed's district for January. Futures fully ...
    2008-01-17 10:37:00
  • Gold falls after rollercoaster ride

    News.com.au - The market is waiting for the U.S. interest rate decision. The target is unchanged. Finally, it will hit $US1000 within six months," he said. Gold, which roared to a record high of $US914 an ounce on Monday, is expected to trade in a range of $US870 ...
    2008-01-17 08:17:00