Mortgage and Financial News From 2008-10-27 Page 01
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UPDATE:Auto Parts Cos Post Sharp Drops On Detroit's Struggles - CNN Money
DETROIT -(Dow Jones)- Auto parts stocks posted sharp declines Monday amid growing concerns that the continued automotive downturn will accelerate cash burn and force more companies - especially those that rely on the Detroit auto makers for the ...
2008-10-27 06:01:00 -
Look before you leap when changing loans - News.com.au
WITH interest rates on the way down, many people may be looking at refinancing their home loan, but there are some important things to consider before taking this step. BankSA general manager Chris Ward said people often opted to refinance when there ...
2008-10-27 04:43:00 -
Brokers don't offer best deals - Choice - News.com.au
Credit unions and online loans can save money Mortgage brokers make things easy, but not always cheaper Switching loans : Look before you leap MORTGAGE brokers do not offer access to the best deals, according to consumer group Choice. Credit unions ...
2008-10-27 07:06:00 -
EXCLUSIVE-China may lend Russia $25 bln in oil deal - Forbes
MOSCOW (Reuters) - Russia and China will sign a much-delayed, long-term oil supply deal Tuesday and Beijing is in talks to lend Russian companies $20 billion to $25 billion in export-backed loans, industry sources said on Monday. The deal will give ...
2008-10-27 04:43:00 -
Ukraine Gets an IMF Bailout - BusinessWeek
The victims of the global financial crisis just seem to be getting bigger and bigger. First it was financial institutions, then came entire countries. After Iceland, the latest domino to wobble is Ukraine, which on Oct. 26 reached an agreement with ...
2008-10-27 04:50:00 -
Foreclosures Open Door To Disorder - Washington Post
Above, Sgt. Tony Sindlinger, left, and Deputy John Zampino of the Prince William sheriff's office secure a foreclosed house for an asset management company. Bicycles, furniture and dog food were among the things that the former occupants had left in ...
2008-10-27 10:41:00 -
Brazil assesses impact of currency crisis - Financial Times
Contradictory signals emerged yesterday on the extent of the damage suffered by Brazil's companies and banks caused by failed bets on the domestic currency, a crisis dubbed "Brazilian subprime". Problems have mounted during the Brazilian real's sharp ...
2008-10-27 09:00:00 -
Banking system's lending capacity enhanced (Business Recorder)
KARACHI (October 28 2008): State Bank of Pakistan has enhanced the existing lending capacity of the banking system by Rs 500 to 550 billion as the average of advance to deposit ratio has dropped from 75 to 57 percent.
2008-10-27 06:02:37 -
National’s Economic Plan of National (Scoop.co.nz)
On 6 October 2008, the New Zealand Treasury delivered its independent Pre-Election Fiscal Update which is required under the Public Finance Act. The verdict was damning. Under current policies, the government of this country will run its account in the red for the next ten years.
2008-10-27 07:23:57 -
Rosneft May Get Loan From China (The Moscow Times)
28 October 2008 By Anatoly Medetsky / Staff Writer When Prime Minister Vladimir Putin and Chinese Premier Wen Jiabao meet Tuesday, they may reach a new oil export deal that would win Rosneft a much-needed line of credit from Beijing.
2008-10-27 07:46:35 -
Persimmon cuts value of land holdings by £600m as buyers walk away from deals (Independent)
The housebuilder Persimmon has slashed the value of its land holdings by a further £600m, as it warned that conditions in the housing market had deteriorated after recent developments in the banking crisis.
2008-10-27 08:18:28 -
CenturyTel to Buy Embarq for $5.76 Billion in Stock (New York Times)
The deal successfully ends efforts by Embarq, a rival of CenturyTel and a spinoff from Sprint Nextel, to sell itself.
2008-10-27 08:58:04 -
Juliet Cos. completes retail complex in downtown Henderson (Las Vegas Business Press)
Lake Mead Crossing, downtown Henderson's largest shopping complex, recently made its debut.
2008-10-27 09:23:32 -
Owner of several Inland malls struggles (The Press-Enterprise)
Retail observers said Monday they weren't sure whether troubled mall operator General Growth Properties might be forced to sell other holdings beyond its Las Vegas centers, as it struggles to pay down debt amid a worldwide credit crunch.
2008-10-27 09:34:06 -
Embattled General Growth names new CEO, president (Honolulu Advertiser)
General Growth Properties Inc., the Chicago-based shopping-mall owner whose shares have fallen 95 percent this year, replaced Chief Executive Officer John Bucksbaum, who resigned yesterday, with interim CEO Adam S. Metz.
2008-10-27 10:16:27