Mortgage and Financial News From 2008-3-30 Page 01

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• The interest rate debate (+video) (The New Zealand Herald)

  Reserve Bank of New Zealand governor Alan Bollard has hit back at doomsayers who are baying for an early cut in interest rates, arguing the economy remains solid and inflation remains a problem, meaning interest rates are on hold for now.
  2008-03-30 05:28:10

• Beach Petroleum (ASX:BPT) Announce Cooper Basin Production Boundaries Expanded By Another Oil Strike (ABN Newswire via Yahoo!7 Finance)

  Sydney, Australia, Mar 31, 2008 - (ABN Newswire) - The announcement by Beach Petroleum Limited (ASX: BPT)(PNK: BEPTF) today of yet another successful well on the Patchawarra West Flank of the Cooper Basin shows that the region still holds great potential as Australia's premier onshore petroleum province.
  2008-03-30 07:45:00

• Six tax changes that will save you money (MSN Money Canada)

  New tax rules may save Canadians some money on their 2007 tax filings. Given that it has been such an unusually long, harsh winter, it seems that the only harbinger of spring in many parts of Canada this year is the inevitable arrival of tax time.
  2008-03-30 09:04:23

• Asian Metals Market Update for 31st March, 2008 (GoldSeek.com)

  Metals and energies have had a historical first quarter in 2008. 2008 returns are (A) Gold 11.64%, (B) Silver 21.17% (C) Crude oil 10.35% (D) Natural gas 29.55% (E) Copper 25.91% (F) Zinc -0.85% (G) Nickel 16.03% (H) Lead 11.98% (I) Aluminum 25.49%. Metals and energies have outperformed equities in the first quarter of 2008. More and more new investors have started investing in commodities and ...
  2008-03-30 09:12:04

• Fed rate cuts give limited credit relief (The Post and Courier)

  The Federal Reserve cut interest rates by three-quarters of a point recently to combat the credit crunch. Wall Street rallied immediately after the rate cut. OK, so when will the credit crunch end?
  2008-03-30 09:18:35

• Valley banks feel interest squeeze (BizJournals)

  Silicon Valley bankers are feeling the pain of the credit crunch and Fed rate cuts over recent months.
  2008-03-30 10:02:54

• Crisis talks in Liverpool power struggle (Daily Telegraph)

  The club's co-owners Tom Hicks and George Gillett are due to meet, along with a representative from Dubai International Capital, in the boardroom of the Emirates Stadium.
  2008-03-30 06:06:06

• Centro Properties, Retail Shares Soar on Release of Guarantee (Bloomberg.com)

  March 31 (Bloomberg) -- Centro Properties Group , the Australian property trust seeking to refinance A$4.9 billion ($4.5 billion) of debt, had its biggest three-day gain since January in Sydney trading after a unit was released from a $450 million bond guarantee.
  2008-03-30 06:31:33

• Conmen 'stole Cobain's millions' (Adelaide Now)

  KURT Cobain's family might lose their homes because two thieves scammed more than $200 million from his estate, his widow, Courtney Love claims.
  2008-03-30 06:42:43

• Morris hasn't escaped crunch of foreclosures (Daily Record)

  Foreclosures are becoming more common everywhere, and although affluent Morris County is not being hit as hard as other areas, it is feeling the pinch.
  2008-03-30 09:05:40

• Ascension Health seeks to refinance $1.5 billion debt (BizJournals)

  Ascension Health, the nation's largest non-profit health-care system, is the latest local organization to seek relief from spiking interest rates attached to debt sold in the form of auction-rate securities.
  2008-03-30 09:07:28

• Want to buy some foreclosed property? Hop on the bus (The Florida Times-Union)

  By the time JaxForeclosureBus.com's first tour of homes took off this month, it was full.
  2008-03-30 09:16:28

• Agencies help home buyers navigate affordable market (The Florida Times-Union)

  First-time home buyer Jenny Morgan plans to close on her sunny three-bedroom Riverside bungalow today - a bright spot in an otherwise depressed local housing market.
  2008-03-30 09:24:58

• New regulations may come too late to clean up Minnesota's mortgage mess (KARE 11 Minneapolis-St. Paul)

  On Monday, the Bush administration is expected to unveil its plan to keep a closer eye on Wall Street.
  2008-03-30 09:26:38

• Lenders: Commercial, residential borrowers face tighter scrutiny (BizJournals)

  Commercial and residential borrowers might be forgiven if they think loans are all but impossible to get now given the economy.
  2008-03-30 09:34:24

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