Mortgage and Financial News From 2008-11-18 Page 01
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Is there a danger of deflation? - BBC Business
It's a measure of how dramatically the outlook has changed that the D word is now being used extensively (even by the Prime Minister) just a couple of months after rising inflation appeared to be the main threat. And let's not forget that, although ...
2008-11-18 05:33:00 -
Slowing U.K. Inflation Is Good News for Brown - Wall Street Journal
LONDON -- Britain's annual inflation rate has begun a steep descent that could take it close to or below zero in the next year, opening the door for further interest-rate cuts and strengthening the position of Prime Minister Gordon Brown. Official ...
2008-11-17 05:55:00 -
Lawmakers press Paulson on bailout plan changes - KTAR.com
WASHINGTON (AP) - Faced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping ...
2008-11-18 02:34:00 -
Key expects interest rate cuts - ONE News
Incoming prime minister John Key expects "significant" interest rate cuts if global economic conditions have a severe impact on New Zealand. The Treasury opened its books for Key this week, showing him a situation that has deteriorated since the pre ...
2008-11-12 11:56:00 -
Lending rate to manufacturers, others rises - Punch
The 24 consolidated banks in Nigeria have made borrowing more expensive for manufacturers as evidenced by the increase in average prime lending rate to the sector from 15.24 per cent in August to 16.20 per cent in October. The Central Bank of Nigeria ...
2008-11-18 05:25:00 -
What is not old, senior, mature or prime? - Topeka Capitol-Journal Blogs
What is eligible for Social Security and Medicare but is not old, senior, mature or elderly? This is not a trick question, but it is a tricky question for those marketing products and services to those that one Kansas City bank tactfully refers to as ...
2008-11-18 05:11:00 -
Rs 400 billion of PSDP lying with banks: Tarin estimates inflation at 20 percent, GDP growth at four percent (Business Recorder)
ISLAMABAD (November 19 2008): Pakistan will miss its inflation target of 12 percent, achieving around 20 percent annualised CPI inflation by fiscal year 2008-09 end and would be fortunate if it attains 4 percent GDP growth against its target of 5.5 percent in this global economic meltdown, said Finance Advisor in an interview with Aaj TV/Business Recorder.
2008-11-18 05:37:06 -
Hamish McRae: Recessions serve a useful purpose (Independent)
The game has changed. Every day that passes brings more evidence of a rapid slowdown in the world economy. To meet that there will, and should be, a strong policy response not just from the main developed world economies but from the emerging markets too. So there will be tax cuts here and elsewhere, and there will be further cuts in interest rates around the world too.
2008-11-18 06:18:13 -
David Prosser: Deflation is scary. So too is a policymaker in a blind panic (Independent)
Outlook Here's a thought about the terrifying spectre of deflation now looming large if the much bigger than expected fall in inflation seen last month is a taste of things to come. It may not be so terrifying.
2008-11-18 07:10:12 -
Shekel Proves Hard Currency; Israel Defies Unraveling (Update4) (Bloomberg)
Nov. 18 (Bloomberg) -- Leah and Dov Yaakoby got a surprise wedding gift when their landlord offered a month's free rent to renew the lease on an apartment in the suburbs of Haifa in northern Israel.
2008-11-18 07:55:40 -
Why Taming the China Dragon Is Tricky (BusinessWeek)
2008-11-18 07:56:21 -
Aussie Dollar to Recover on Economy, Say Bank America, Barclays (Bloomberg)
Nov. 19 (Bloomberg) -- Australia's dollar, the worst- performing major currency since June 30, will rally next year as the country skirts a recession while Europe, Japan and the U.S. shrink, Bank of America Corp. and Barclays Capital said.
2008-11-18 08:27:57 -
India May Reduce Key Rate as Inflation Slows, Chidambaram Says (Bloomberg)
Nov. 19 (Bloomberg) -- India's central bank has scope to cut borrowing costs further as growth slows and inflation approaches a level ``we can live with,'' Finance Minister Palaniappan Chidambaram said.
2008-11-18 08:39:42 -
India's Central Bank May Cut Rates Further, Standard Reports (Bloomberg)
Nov. 19 (Bloomberg) -- India's central bank may cut interest rates further in a week to increase liquidity and reduce borrowing costs to counter slowing economic growth, the Business Standard said, citing unidentified government officials.
2008-11-18 08:59:16 -
Bank partners up with IOLTA (The Brownsville Herald)
Lone Star National Bank announced it would become a Prime Partner in the state 's Interest on Lawyer's Trust Accounts program.
2008-11-18 09:43:03