Mortgage and Financial News From 2008-2-12 Page 22

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  • Bank of Korea leaves benchmark rate at 5 percent for sixth straight ...

    FXStreet.com - SEOUL (Thomson Financial) - South Korea's central bank on Wednesday left its key interest rate unchanged at 5 percent for the sixth straight month in February as it continued to strike a balance between managing economic growth and curbing ...
    2008-02-12 05:16:00

  • Australian Consumer Confidence Slumps to 15-Month Low (Update1)

    Bloomberg - Homeowners are paying more for their mortgages after Westpac increased the interest rate on home loans by 25 basis points last week and Commonwealth Bank of Australia added 30 basis points. The nation's largest banks also raised interest rates by an ...
    2008-02-12 03:57:00

  • Pessimists outnumber optimists

    News.com.au - Interest rate worries Westpac chief economist Bill Evans said the RBA's decision on February 5 to raise interest rates by a quarter of a percentage point to 7 per cent had hurt consumers. The big banks independently raised their retail lending rates ...
    2008-02-12 04:54:00

  • Meirelles Says Brazil's Real Interest Rates Falling (Update4)

    Bloomberg - ... knows, that we're committed to the inflation target,'' Meirelles told investors at a conference at the Brazilian American Chamber of Commerce in New York, his first public speech since the bank released its minutes of the Jan. 22-23 interest rate ...
    2008-02-12 10:56:00

  • Seoul stocks seen up on financials, BOK eyed

    Reuters - ... 13 (Reuters) - Seoul stocks may rise on Wednesday, led by lenders such as Kookmin Bank (060000.KS: Quote , Profile , Research ) after Wall Street rose as worries about the financial sector receded, but trading is seen cautious ahead of an interest rate ...
    2008-02-12 03:21:00

  • Struggling homeowners give CBA $2.371 billion profit

    News.com.au - COMMONWEALTH Bank of Australia has recorded a $2.371 billion first half profit, an 8 per cent jump on the same period last year. CBA drew the ire of the government and homeowners last week after it increased its variable interest rate by 30 basis ...
    2008-02-12 04:54:00

  • CBA records $2.371bn profit

    News.com.au - COMMONWEALTH Bank of Australia has recorded a $2.371 billion first half profit, an 8 per cent jump on the same period last year. CBA drew the ire of the government and homeowners last week after it increased its variable interest rate by 30 basis ...
    2008-02-12 04:33:00

  • Credit Suisse Lowers Forecast for Euro as Growth Slows Down

    Bloomberg - Feb. 12 (Bloomberg) -- The euro will decline to its lowest level against the dollar since October over the next three months as the European economy slows and the European Central Bank is forced to reduce its main interest rate, according to Credit ...
    2008-02-12 03:28:00

  • Home battlers hand CBA record profit

    News.com.au - THE Commonwealth Bank has announced a super half-year profit of $2.37 billion, a record for the bank as it gouges home loan borrowers with interest-rate rises. CBA, the nation's biggest home lender, drew the ire of the Federal Government and ...
    2008-02-12 05:37:00

  • Savings rates still high despite Bank's cut

    The Independent - Consumers are enjoying a bumper crop of savings interest rates thanks to fierce competition for deposits, despite this month's quarter-point cut in the Bank of England base rate. The battle for customers' money, particularly through "best buy ...
    2008-02-12 04:47:00

  • Mantega Says Central Bank Has No Reason to Raise Rate (Update2)

    Bloomberg - Feb. 12 (Bloomberg) -- Brazilian Finance Minister Guido Mantega said the central bank has no need to increase the benchmark interest rate because inflation in Latin America's biggest economy is under control. ``A certain inflation fueled by ...
    2008-02-12 02:17:00

  • Hopes of rate cut are dashed by inflation rise

    Times Online - Rising inflation has put the possibility of further interest-rate cuts in doubt, offering little relief for homeowners struggling to pay their mortgages. The Consumer Price Index - the official measure of inflation - rose to a seven-month high of 2.2 ...
    2008-02-12 04:04:00

  • S.Korea holds interest rates steady, as expected

    Guardian Unlimited - SEOUL, Feb 13 (Reuters) - South Korea's central bank held its main interest rate steady at 5.00 percent on Wednesday, as widely expected, balancing pressures from rising inflation against growing expectations of a global economic slowdown. The ...
    2008-02-12 04:54:00

  • Calls for interest rate cuts as inflation rises to 2.2%

    The Independent - Inflation rose only marginally in January, official figures showed yesterday, prompting renewed calls for aggressive interest rate cuts. The Office for National Statistics said inflation, as measured by the consumer price index (CPI), hit 2.2 per ...
    2008-02-12 04:47:00

  • Pioneer Diversified High Income Trust Announces Credit Agreement - PR-Inside.com (Pressemitteilung)

    Pioneer Diversified High Income Trust Announces Credit AgreementPR-Inside.com (Pressemitteilung), Austria - 34 minutes agoSecurities with floating interest rates generally are less sensitive to interest rate changes but may decline in value if their interest rates do not rise ...
    2008-02-12 06:01:35

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