Mortgage and Financial News From 2007-11-19 Page 19

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  • Pound Falls to Near Month-Low Against Dollar on Housing Data

    Bloomberg - The British pound is trading against a background of interest-rate cut expectations,'' said Hans-Guenter Redeker, head of currency strategy at BNP Paribas SA in London. ``Interest rates may have to decline as soon as December.'' The pound ...
    2007-11-19 09:17:00
  • Yen Advances Versus Dollar, Euro as Traders Pare Carry Trades

    Bloomberg - The U.S. currency weakened to an all-time low of $1.4752 per euro on Nov. 9 and has lost 10 percent this year as two interest-rate cuts by the Federal Reserve dimmed the allure of U.S. financial assets. The dollar may fall to $1.50 per euro by the ...
    2007-11-19 09:59:00
  • Wright Medical to Offer $150M of Notes

    Forbes - Medical device maker Wright Medical Group Inc. said Monday it plans to offer $150 million of convertible senior notes due 2014. The interest rate, conversion rate and other terms of the notes have yet to be determined, the company said. Wright has ...
    2007-11-19 05:06:00
  • China's main share benchmark falls on rate hike worries, inclusion of ...

    CNBC - Concerns over the chance of another interest rate hike weighed on other blue chips. Analysts expect China to raise interest rates following October economic data that showed the country's economy is still growing rapidly. Bank of Communications fell 2 ...
    2007-11-19 02:36:00
  • Hong Kong index falls as investors stay cautious; property stocks gain ...

    CNBC - Property firms bucked the downtrend on the hopes of another interest-rate cut in Hong Kong. "The market now is volatile as it's lacking a clear focus. Property stocks are faring better as they have another story," said Peter Lai, a director at DBS ...
    2007-11-19 03:33:00
  • Loonie loses ground in wake of Dodge statements

    Globe and Mail - TORONTO — The Canadian dollar lost some ground this morning after Bank of Canada governor David Dodge raised the possibility of an economy-boosting interest rate cut during the weekend. The currency declined 0.65 of a cent to 102.04 cents (U.S ...
    2007-11-19 07:08:00
  • Taxpayers face payout on Darling's Northern Rock deal

    Times Online - Under the emergency funding facility, Northern Rock is being charged a punitive interest rate of 7 per cent. It has now emerged that 5.75 per cent of the interest rate is being paid to the Bank of England and the remaining 1.25 per cent is being paid ...
    2007-11-19 09:17:00
  • Canadian dollar slips in wake of Dodge comments

    Reuters - TORONTO, Nov 19 (Reuters) - The Canadian dollar slipped against the U.S. dollar on Monday following comments by Bank of Canada Governor David Dodge which raised the specter of an interest rate cut, although higher oil prices cushioned the fall ...
    2007-11-19 09:31:00
  • Fed Won't Cut Rates, Causing Stock Sell-Off, Bear Stearns Says

    Bloomberg - Nov. 19 (Bloomberg) -- Federal Reserve policy makers won't cut their benchmark interest rate on Dec. 11, spurring a sell-off in U.S. stocks and a rebound in the dollar, according to Bear Stearns & Co. Central bankers signaled in their Oct. 31 policy ...
    2007-11-19 09:45:00
  • U.S. 2-year swap spread widest since March 1989

    Reuters - NEW YORK, Nov 19 (Reuters) - The U.S. two-year interest rate swap spread gapped on Monday to its widest since March 1989, driven by rising interbank lending rates and credit jitters in the money market. The two-year swap spread bumped up to 92 basis ...
    2007-11-19 09:52:00
  • Canada's Dollar Falls as Dodge Raises Possibility of Rate Cuts

    Bloomberg - Nov. 19 (Bloomberg) -- Canada's dollar fell to an almost six-week low after Bank of Canada Governor David Dodge said an interest rate cut is possible because of ``risks'' to economic growth. Dodge said the growing threats to the global economy and ...
    2007-11-19 08:26:00
  • INTEREST SWAPS PUSH GOLAR INTO RED (Maritime Global Net)

    JOHN Fredriksen-controlled gas carrier company Golar LNG has reported a Q3 net loss of US$8.8m, compared to a profit of $89.6m for Q2. The company says: “The large movement in results arises because the Company booked a gain of $73.5m in respect of the sale of its investment in Korea Line and also a gain on its equity swap and interest rate swap valuations of $15m during the second quarter.
    2007-11-19 02:20:07
  • Interest rates rise on small loans (Channel 4)

    The average interest rate charged on smaller loans has reached nearly double figures as lenders respond to the global credit crunch, according to research.
    2007-11-19 05:10:04
  • Six Ways to Get a Better Mortgage Rate (TheStreet.com)

    Here are six strategies to qualify for a lower interest rate by boosting your credit score and reducing your debt.
    2007-11-19 09:41:40
  • PBOC Zhou: Don't Need Too Frequent Interest Rate Adjustment (Nasdaq)

    CAPE TOWN -(Dow Jones)- People's Bank of China Governor Zhou Xiaochuan said Monday that he didn't think it was necessary to raise interest rates too often, but that further hikes in the coming months shouldn't be ruled out.
    2007-11-19 01:24:09