Mortgage and Financial News From 2009-3-17 Page 01
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Gordon's Last Stand - Foreign Policy
Britain's prime minister is on his last legs. Jeff J Mitchell/Getty Images But will he be there? Gordon Brown is running out of time to save his political career. T ime appears to be running out for Gordon Brown, Britain's beleaguered prime minister ...
2009-03-17 06:20:00 -
Rates cut tipped as recession looms large - Australian Broadcasting Corp.
A closely watched private index has confirmed the declining state of the Australian economy and that a recession is all but inevitable. The Westpac-Melbourne Institute Leading Index has fallen into deeply negative territory with the weakest reading ...
2009-03-17 08:58:00 -
Industry recommends money-market fund safeguards - International Herald Tribune
BOSTON : An industry group is proposing stricter rules for money-market mutual funds after one fund exposed investors to losses last fall, triggering fears about the nearly $4 trillion held in what are supposed to be safe-haven, low-yield investments ...
2009-03-17 09:05:00 -
Rosy outlook from Harper and Carney 'unrealistic,' former BoC boss ... - Globe and Mail
OTTAWA — Canada and the world are facing a long and deep recession that will fundamentally alter the nature of capitalism, former Bank of Canada governor David Dodge said in an exclusive interview a year after he left the bank. Recovery “is not ...
2009-03-17 10:52:00 -
Cox Talks About Countrywide Money - ClickOnDetroit.com
DETROIT -- Nearly $10 million from a state settlement with mortgage lender Countrywide Financial Corp. will go to about 3,700 borrowers who lost their homes to foreclosure, Michigan Attorney General Mike Cox announced Tuesday. Cox said at a news ...
2009-03-17 07:03:00 -
On Native Ground - American Reporter
After President Bush, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke pressured congressional leaders to approve a $700 billion bailout of the financial markets as soon as possible to prevent a global economic panic, lo and ...
2009-03-17 10:45:00 -
BOJ may buy more govt bonds as recession deepens (Reuters via Yahoo! Philippines News)
(For more stories on the financial crisis click [ID:nCRISIS ])
2009-03-17 07:59:09 -
(AFX UK Focus) 2009-03-18 01:15 BOJ may buy more govt bonds as recession deepens (Interactive Investor)
TOKYO, March 18 (Reuters) - The Bank of Japan may increase buying of government bonds to funnel more funds to markets, as Prime Minister Taro Aso mulls another stimulus package to battle a deepening recession. But markets are divided on whether the central bank will opt for the move at its two-day rate review ending on Wednesday, which would push it closer to the policy of quantitative easing it ...
2009-03-17 08:39:31 -
Sewer rates may go up by 23% (The Huntington Herald-Dispatch)
HUNTINGTON -- Huntington Sanitary Board officials say they need a 23 percent rate increase to begin replacing the city's aging sewer system.
2009-03-17 08:43:33 -
Australian Dollar Near One-Month High; New Zealand Dollar Slips (Bloomberg)
March 18 (Bloomberg) -- The Australian dollar traded near a one-month high as equities rallied, prompting investors to buy higher-yielding assets. New Zealand’s currency slipped.
2009-03-17 09:27:17 -
Key talks up NZ's position (Stuff)
Prime Minister John Key talked up New Zealand's position amidst the global recession at a Council of Trade Unions (CTU) productivity conference in Wellington today.
2009-03-17 10:24:57 -
Business roundtable predicts economic recovey next year (Vietnam Net)
VietNamNet Bridge – The national economy would begin to stabilise early next year, Deputy Prime Minister Nguyen Sinh Hung said at the business roundtable discussion with Government officials yesterday.
2009-03-17 10:58:07 -
King Says U.K. Inflation Outlook Will Guide BOE Policy Reversal (Bloomberg)
March 18 (Bloomberg) -- Bank of England Governor Mervyn King said that the outlook for consumer prices will determine when policy makers reverse their program of buying assets to bolster the economy and start raising interest rates again.
2009-03-17 11:19:29 -
MCOT Public Company Limited.2008 (MCOT - English News By Thai News Agency)
HANOI, March 18 (VNA)- Prime Minister Nguyen Tan Dung has asked Dong Thap province to address volatility in production and marketing in order to better cash in on its rich Mekong Delta resources for rice and catfish production.
2009-03-17 11:20:07 -
General Growth gets a reprieve on debt - Providence Journal
General Growth Properties Inc., the owner of the Providence Place mall that is trying to stave off bankruptcy, said yesterday the company’s lenders agreed to delay until Dec. 31 efforts to seek remedies to a default on about $2.58 billion of senior ...
2009-03-17 06:35:00