Mortgage and Financial News From 2009-1-21 Page 01

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• Pound Falls to Record Low Versus Yen on U.K. Economic Concern - Bloomberg

  Jan. 21 (Bloomberg) -- The British pound fell to a record low against the yen and the weakest since 2001 versus the dollar on concern the U.K. recession will deepen, supporting the case for the Bank of England to cut interest rates further. Sterling ...
  2009-01-21 03:09:00

• TOPWRAP 1-Japan exports plunge by record; China growth slows - FXStreet.com

  TOKYO/BEIJING, Jan 22 (Reuters) - Japanese exports plunged a record amount in December and China's economy slowed sharply in the fourth quarter as recessions in rich nations hammered the demand that Asia's top two economies rely on for growth. In a ...
  2009-01-21 10:07:00

• Financial Q&A: Will interest earned on a CD still be there after a ... - Christian Science Monitor

  Q: If I allow the interest to roll over into the CD balance each year on a five-year CD and during that time the bank fails, will the FDIC guarantee my principal and accumulated interest as of the failure date? Should I have the interest paid to me ...
  2009-01-21 02:36:00

• BankMuscat's Certificate of Deposit auction results point to declining interest rates (Zawya)

  21 January 2009 MUSCAT -- Bank-Muscat Bank-Muscat has successfully closed its fourth Certificate of Deposit (CD) auction issue on January 19. The issue was overwhelmingly subscribed to the extent of RO 24.3 million as against the issue size of RO 20 million.
  2009-01-21 01:36:38

• Take long view with mother's money plan (Bankrate.com via Yahoo! Finance)

  It's important to remember the big picture when planning for an older parent's financial future.
  2009-01-21 05:00:00

• Financial Q&A: Will interest earned on a CD still be there after a bank fails? (The Christian Science Monitor)

  
  2009-01-21 02:36:59

• County's investment portfolio takes a hit with low interest rates (Greene County Daily World)

  The downward spiraling interest rates during the last part of 2008 played havoc with the county's investment portfolio, the Greene County Board of Finance learned at its annual meeting Tuesday.
  2009-01-21 03:43:20

• FACTBOX-ECB POLICY STATEMENT-Key points from recent texts - Forbes

  FRANKFURT, Jan 15 (Reuters) - The European Central Bank is expected to cut benchmark interest rates from the current 2.5 percent on Thursday. Below are key points from recent ECB monetary policy statements. Capitals have been added by Reuters for ...
  2009-01-15 04:28:00

• Greenspan: Higher inflation to warrant double-digit rates in future - ABC News

  Former Fed Chairman Alan Greenspan predicts in a new book out Monday that the Fed will have to raise interest rates to double-digit levels in coming years to thwart inflation. (Getty Images) Greenspan, 81, says in The Age of Turbulence that the ...
  2009-01-15 01:50:00

• European Central Bank Cuts Rates - Washington Post

  The European Central Bank reduced a key interest rate by half a percentage point today, an aggressive step by an institution that has taken a more conservative approach to the current economic crisis than the Federal Reserve and other major central ...
  2009-01-15 07:13:00

• Farmland Values, How High Can They Go? - CattleNetwork.com

  ST. PAUL, Minn. — After the crash in farm land values from record high prices in the 1980s, farmland values continue to rise and are once again reaching all time record levels. At the end of each year a survey is conducted for farm land sales in ...
  2009-01-21 03:48:00

• ECB Expected To Trim Interest Rates - RTT News

  (RTTNews) - Thursday, the European Central Bank is expected to reduce its benchmark interest rate further to shore up the economy from prolonged recession. Economists expect the central bank to cut its key interest rate by 50 basis points to 2% in ...
  2009-01-15 06:01:00

• The Day Ahead Japan and Australia: BOJ Interest Rate Decision, Chinese ... - Economicnews

  (CEP News) - Markets are waiting to see if the Bank of Japan will cut interest rates to zero. Chinese GDP will also be closely watched for an indication of how the economy is holding up. The general consensus among economists is for the BOJ to hold ...
  2009-01-21 03:41:00

• Teilhet puts legislation info online (Marietta Daily Journal)

  SMYRNA - State Rep. Rob Teilhet (D-Smyrna) said he is posting Web videos during this year's legislative session to increase transparency and encourage residents to become more engaged in Georgia politics.
  2009-01-21 09:44:08

• Bankruptcies expected in oilfield services as drills sit idle (National Post)

  Profits at Canada’s oilfield service companies, such as drilling outfits, could plummet as much as 80% and lead to a wave of bankruptcy-protection filings as they are nailed by slower activity tied to falling energy prices, frozen debt markets and a higher royalty burden in Alberta.
  2009-01-21 09:44:13

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