Mortgage and Financial News From 2008-10-30 Page 01
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Japan Nakagawa: govt, BOJ must cooperate on policy - Guardian Unlimited
TOKYO, Oct 31 (Reuters) - Japanese Finance Minister Shoichi Nakagawa said on Friday he wants the government and the Bank of Japan to cooperate closely in policy management to deal with the financial crisis and market turmoil. Asked at a news ...
2008-10-30 08:28:00 -
The Insurance Industry Doesn't Need Subsidies - Wall Street Journal
The Treasury Department reached out to insurance companies last week to gauge our interest in participating in its Capital Purchase Program (CPP) -- where the government provides capital to distressed companies in the form of equity stakes. The ...
2008-10-30 11:20:00 -
World moving toward zero interest rate? India unlikely to join the ... - Economic Times
NEW DELHI/NEW YORK: The latest interest rate cut in the US has sparked speculations that a number of major economies across the world, including the US, Japan, England and Australia, are moving towards a zero-per cent regime, but bankers differ about ...
2008-10-30 08:57:00 -
BOJ Poised to Cut Rates as Crisis Hurts Japan - CNBC
The Bank of Japan is poised to join a global wave of interest rate cuts on Friday to fight the world's worst financial crisis in 80 years, and also to slash its growth outlook for an economy heading towards recession. The central bank may halve its ...
2008-10-30 07:52:00 -
JGBs rise on Nikkei drop, eyes on BOJ rate verdict - Guardian Unlimited
TOKYO, Oct 31 (Reuters) - Japanese government bonds rose on Friday as Tokyo shares fell, but trading activity was largely sidelined with investors nervously awaiting to see whether the Bank of Japan will cut interest rates later in the day. Investors ...
2008-10-30 08:42:00 -
How low can the Fed go on interest rates? - AZCentral.com
WASHINGTON - Just how far will the Federal Reserve go in lowering interest rates to save the country from a long and painful recession? Ratcheting its key rate from the current 1 percent all the way down to zero can't be ruled out. But there are ...
2008-10-30 05:58:00 -
Very fixed rates - Boston Globe
Federal Reserve chairman Ben Bernanke has been cutting interest rates like a lumberjack for more than a year now. So why isn't it a dime cheaper to borrow money to buy a home? The Fed started cutting the key federal funds rate in September of 2007 ...
2008-10-30 11:20:00 -
In troubled times, Ford plans to hitch a ride with GM (Los Angeles Times)
It will let the larger automaker take the lead in exploring options for help from the government as well as possible concessions from the United Auto Workers union. With the U.S. auto industry melting down, General Motors Corp. executives are burning up phone lines to Washington seeking billions in financial aid to help cement a merger with Chrysler. Ford Motor Co., meanwhile, has developed ...
2008-10-30 11:24:10 -
Economy jolts into decline (Austin American-Statesman)
Americans reduced their purchases of everything from cars to cornflakes in the July-September quarter, cutting back their spending by the largest amount in 28 years and pushing the national economy further into what could be the most painful downturn in decades.
2008-10-30 11:25:17 -
Asian stocks lower as investors await Japan's rate decision (Channel NewsAsia)
TOKYO - Japan mulled Friday an interest rate cut to fight a looming recession in the world's second largest economy as Asian shares slipped after three days of strong gains.
2008-10-30 11:33:33 -
How U. S. politicians and bankers built a financial debt house of cards, whose collapse threatens to destroy the world ... (Online Journal)
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
2008-10-30 11:34:06 -
Asian stocks edge lower on profit taking (The Economic Times)
Asian stocks slipped in early deals on Friday as investors took profits after several days of sharp gains, waiting to see if Japan's central bank would join a global campaign of interest rate cuts.
2008-10-30 11:35:44 -
Municipal bond market beginning to thaw (The Providence Journal)
WARWICK — It is supposed to go smoothly: A city or town borrows money by issuing bonds, then pays the bondholders back, with interest.
2008-10-30 11:43:14 -
$250bn wiped off Gulf stocks in Oct (The Peninsula)
kuwait city • The total value of shares listed on stock markets in the Gulf region plummeted by $250bn in October as indexes sank by an average 25 percent amid the global market meltdown.
2008-10-30 11:47:55 -
IMF concludes first round of talks to bail out Pakistan (New Kerala)
Islamabad, Oct 31 : The International Monetary Fund (IMF) on Thursday concluded the first round of technical talks in Dubai with Pakistani officials about creating a system to save the south Asian nation from economic collapse, officials said.
2008-10-30 11:49:01