Mortgage and Financial News From 2009-1-8 Page 01
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South Korean central bank cuts key rate to 2.5 per cent - Earthtimes
Seoul - South Korea's central bank on Friday lowered its key interest rate to 2.5 per cent, the fifth cut in three months, to help kick-start the country's economy. The Bank of Korea's monetary policy committee lowered the benchmark seven-day ...
2009-01-08 10:37:00 -
Fitch to Upgrade New York State Housing Finance Agency 2003M to 'AA ... - PR Inside
Effective Jan. 14, 2009, Fitch Ratings will upgrade the long-term rating to 'AA+' from 'A+' and assign a short-term rating of 'F1+' to the New York State Housing Finance Agency (NYSHFA) $88,750,000 (currently outstanding) 2003 series M refunding ...
2009-01-08 07:17:00 -
Peru central bank holds rates but boosts liquidity - Guardian Unlimited
LIMA, Jan 8 (Reuters) - Peru's central bank held its benchmark interest rate steady at 6.5 percent on Thursday but eased rules to inject liquidity into a banking system impacted by the global economic crisis. Minimum deposit requirements for lenders ...
2009-01-08 07:10:00 -
BOE rate now lowest since bank's creation in 1694 - Business Standard
The bank rate was reduced a half-point to 1.5 per cent, bringing policy makers closer to the point at which they will run out of options to fight the financial crisis with conventional tools. The pound rose against the euro and the dollar because ...
2009-01-08 09:33:00 -
Savings income is cut to pennies: Bad news for your nest-egg as the ... - Daily Mail
Savers are being hit with interest rates as low as 0.001 per cent as the Bank of England's base rate falls to its lowest for 315 years. An account with £5,000 now earns as little as 5p a year in interest - a paltry return for a lifetime of prudent ...
2009-01-08 05:44:00 -
Interest rate cut to historic 1.5% - Guardian Unlimited
Interest rates were slashed to their lowest level ever as the Bank of England threw another lifeline to the UK's ailing economy. Borrowing costs fell by 0.5% to 1.5% - the lowest since the Bank was founded in 1694 - although some business leaders had ...
2009-01-08 07:17:00 -
Rove falsely asserted that Frank called Bush's Fannie, Freddie reform ... - Media Matters
Summary: In his Wall Street Journal column, Karl Rove falsely claimed that Rep. Barney Frank "labeled" President George W. Bush's "proposals" for reform of Fannie Mae and Freddie Mac as "inane." In fact, Frank's remark came in response to Bush's ...
2009-01-08 05:58:00 -
South Korea cuts rates, automaker seeks protection - Guardian Unlimited
SEOUL, Jan 9 (Reuters) - The Bank of Korea cut interest rates to a new low and suggested more cuts to help fend off recession, while a local auto maker filed for court receivership to become South Korea's first high-profile victim of the global ...
2009-01-08 10:51:00 -
World slump to take bite out of shipping volumes (Independent Online)
Shipping volumes are expected to take a hit over the next 12 months from the effects of the global economic downturn.
2009-01-08 11:26:48 -
New Zealand Weakness To Continue Before Short Reversal (Forex Hedging Strategy) (Daily FX)
The beginning of October saw the Australian Dollar bullishly rebound from the kiwi’s buying spree. As the RBNZ aggressively slashed interest rates in an effort to pad its three consecutive quarters of negative growth, traders began selling the isle-nation’s currency.
2009-01-08 11:28:37 -
Australian Dollar Heads for First Weekly Decline in a Month (Bloomberg)
Jan. 9 (Bloomberg) -- The Australian dollar was set for its first weekly decline in a month as concerns over a deteriorating U.S. economy curbed demand for higher-yielding assets.
2009-01-08 11:28:38 -
Make Money From Your New Year’s Resolution! (The Motley Fool)
Keeping your New Year’s resolution to quit smoking could save you 40% on your life insurance and nearly £40,000 on your mortgage. Alternatively, it might increase your pension by almost £134,000. Find out how...
2009-01-08 11:28:47 -
Strange Times For Mortgage Borrowers (The Motley Fool)
Should you remortgage now, or wait until the credit crunch is over? Neil Faulkner has conducted an experiment to find out.
2009-01-08 11:29:01 -
Asia stocks mixed ahead of US jobs report (AP via Yahoo! News)
Asian stocks were narrowly mixed Friday amid more corporate gloom and worries that a key U.S. jobs report could show recession in the world's largest economy is deepening.
2009-01-08 11:29:34 -
(AFX UK Focus) 2009-01-09 05:04 WRAPUP 1-South Korea cuts rates, automaker seeks protection (Interactive Investor)
By Seo Eun-kyung and Cheon Jong-woo
2009-01-08 11:30:33