Mortgage and Financial News From 2009-1-18 Page 01
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Bank of Canada to chop interest rates again, but will lenders follow? - Canada East
OTTAWA - The Bank of Canada is all but certain to again take an axe to interest rates Tuesday, but as economic woes deepen and money markets tighten - despite aggressive central bank action globally - a sense of the very real limits of monetary ...
2009-01-18 11:12:00 -
Banks profiting at expense of SMEs’ - Irish Examiner
THE top Irish banks are increasing their interest margins on loans to small and medium-sized enterprises (SMEs) as a way of “shoring up” their profits, according to small firms lobby group ISME. The organisation has called on the Government to ...
2009-01-18 06:29:00 -
Inflation not expected to deter interest rate falls - National Business Review
The Reserve Bank of New Zealand (RBNZ) should get a green light to slash interest rates from inflation and retail sales data this week, economists said. The annual inflation rate is at an 18 year high of 5.1 percent but it is expected to plunge this ...
2009-01-18 02:54:00 -
Rate cut likely as inflation hits new low - ninemsn
The falling cost of petrol, fruit and vegetables during December has pushed a key inflation indicator down to a fresh low, raising the possibility of further interest rate cuts. While petrol prices fell by as much as 15 percent, the falls in consumer ...
2009-01-18 09:07:00 -
Report: German economy could shrink by 2.5 percent - Associated Press
BERLIN (AP) -- The German economy, Europe's biggest, could shrink by as much as 2.5 percent this year, the country's economy minister was quoted as saying Saturday. Germany went into recession in last year's third quarter and economists have ...
2009-01-18 06:58:00 -
(AFX UK Focus) 2009-01-19 03:36 JGBs track Treasuries down, eye Nikkei and auction (Interactive Investor)
By Masayuki Kitano
2009-01-18 10:15:18 -
Villar: RP needs 'new economic model' (Philippine Daily Inquirer)
MANILA, Philippines -- Former Senate president Manny Villar Monday called for a "new economic model" that would suit the Philippines as he criticized the "prescriptions" of the International Monetary Fund (IMF).
2009-01-18 10:39:17 -
THE IRISH EMIGRANT (Irish Emigrant)
The Irish Emigrant
2009-01-18 11:13:59 -
Bought Satyam stocks once? Here's what to do! (rediff.com)
In an hour-long chat on Wednesday, stock market expert Pranav Sanghavi, director, Jitendra Harjivandas Securities (P) Ltd, offered some tips on the stock market.
2009-01-18 11:40:57 -
IDFC: On solid ground (Business Standard India)
Diverse revenue streams and focus on quality lending will help IDFC sustain profitable growth in future.
2009-01-18 11:57:50 -
Expanding markets (Business Standard India)
Moves to expand into new geographies, immense potential in the domestic market and lower metal prices augur well for KEC International. The global economic slowdown may prove to be a dampener for many, but there are a few companies that may go relatively unscathed.
2009-01-19 12:01:03 -
Nigeria: High Lending Rates Halt Fuel Importation (AllAfrica.com)
Contrary to the impression given by Major Oil Marketers Association of Nigeria (MOMAN) that late interest payments and exchange rate differentials caused the stoppage of importation of petroleum products, THISDAY checks have revealed that banks' lending rate was chiefly responsible.
2009-01-19 12:01:39 -
Still playing 'catch-up' on market regulation (National Post)
The way Canada's financial markets are regulated is likely to have a lot more to do with plans laid out in the coming months by Barack Obama, the new President of the United States, than a much-discussed 100-page "roadmap" unveiled this week by the Expert Panel on Securities Regulation in Canada.
2009-01-19 12:10:47 -
Manulife undeterred in plans for China fund launch (National Post)
China’s fund managers took a beating last year, with assets under management falling by more than 40% across the industry as the country’s equity markets lost almost two-thirds of their value
2009-01-19 12:10:57 -
"State of the City" for Debt-Laden San Diego (KOGO 600 AM San Diego)
The mounting economic troubles facing San Diego will be the focus of Mayor Jerry Sanders' annual "State of the City Address" tonight.
2009-01-18 11:26:28