Mortgage and Financial News From 2007-10-31 Page 22
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Japan's central bank maintains key rate
Xinhua News Agency - TOKYO, Oct. 31 (Xinhua) -- The Bank of Japan (BOJ), the country's central bank, decided on Wednesday to maintain its key short-term interest rate at 0.5 percent. The decision was made by a majority vote of 8 to 1 at the BOJ Policy Board meeting ...
2007-10-31 02:32:00 -
Fed Rate Cut Expected Wednesday
San Francisco Gate - With oil prices soaring and the housing market sinking, the Federal Reserve is likely to combat the economic turmoil with more interest rate cuts. Federal Reserve Chairman Ben Bernanke and his colleagues were wrapping up a two-day meeting Wednesday ...
2007-10-31 12:23:00 -
India, China Face Fallout From U.S. Fed's Interest-Rate Cuts
Bloomberg - Oct. 31 (Bloomberg) -- India and China may be forced to further restrict bank lending this year to check inflation, as investors facing declining interest rates in the U.S. pump record cash into the world's two fastest-growing economies. Reserve Bank ...
2007-10-30 10:43:00 -
Dollar up as rate rise looms
News.com.au - THE Australian dollar closed higher today after strong economic data boosted expectations of not one but two more interest rate rises this year. While traders adjusted their Australian dollar positions, dealings were relatively quiet elsewhere with ...
2007-10-31 02:25:00 -
Fed expected to cut rate a quarter point
Boston Globe - WASHINGTON - The Federal Reserve is expected to cut an important interest rate this week, a move designed to help the economy get through the stresses of a painful housing slump and credit crunch. Fed chairman Ben Bernanke and his central bank ...
2007-10-30 11:33:00 -
Investors, don't count on rate cuts
Chicago Tribune - I nvestors like the idea of another interest rate cut by the Federal Reserve. The Fed probably will deliver on Wednesday. But Michael Moskow, the recently retired president of the Federal Reserve Bank of Chicago, says don't get used to it. Moskow ...
2007-10-30 11:48:00 -
Treasuries Set for Fourth Winning Month Before Fed Rate Meeting
Bloomberg - Oct. 31 (Bloomberg) -- U.S. Treasuries headed for a fourth monthly gain, extending their longest-winning streak in 2007, as traders bet the Federal Reserve will cut interest rates today to fuel economic growth. U.S. debt have returned 1.2 percent in ...
2007-10-31 02:25:00 -
Euroshares tread water in opening trade ahead of Fed rate decision ...
CNBC - (Updating with full report) LONDON (Thomson Financial) - Leading European shares were treading water in opening trade ahead of a US Federal Reserve decision on interest rates, but Deutsche Bank, Alcatel-Lucent and Sanofi-Aventis outperformed on ...
2007-10-31 02:47:00 -
Wall Street expects rate cut
Miami Herald - Wall Street expects the Federal Reserve to cut its benchmark interest rate by another quarter point on Wednesday, but some analysts question whether that is enough. The Fed surprised financial markets on Sept. 18 by making a larger-than-expected half ...
2007-10-30 11:55:00 -
Japan's central bank leaves benchmark interest rate at 0.5 percent
MSN UK News - The Bank of Japan slashed its yearly economic growth forecast by 0.3 percentage points and held interest rates steady Wednesday, as uncertainty in the global economy and financial markets continued to cloud Japan's outlook. In a report issued ...
2007-10-31 02:47:00 -
Metals - Copper down on rising stocks; thin trade as mkt awaits US ...
Forbes - LONDON (Thomson Financial) - Copper fell amid thin trading ahead of a key US interest rate decision this evening and as stocks, tracked by the London Metal exchange, rose almost 4 pct. After the Fed's half-point reduction in September, most investors ...
2007-10-31 02:47:00 -
Oil prices fall more than US$1; below US$90 ahead of US Fed decision ...
CNBC - SINGAPORE - Oil prices dropped below US$90 a barrel Wednesday in Asia ahead of the U.S. central bank's impending decision on its key interest rate. Light, sweet crude for December delivery fell US$1.03 to US$89.35 a barrel in Asian electronic trading ...
2007-10-31 01:06:00 -
U.K. Pound Rises to Highest Since 1981 on Interest-Rate Outlook
Bloomberg - Oct. 31 (Bloomberg) -- The British pound rose to the highest since 1981 against the dollar as traders increased wagers the U.S. Federal Reserve will cut interest rates today, widening the difference in borrowing costs with the U.K. The pound climbed ...
2007-10-31 12:59:00 -
Euro hits fresh record versus dollar as US Fed expected to cut key ...
CNBC - Also on Wednesday, the Bank of Japan left its benchmark interest rate unchanged at 0.5 percent after a one-day policy meeting. It also cuts its growth forecast forecast for Japan by 0.3 percentage points. The move to keep the rates unchanged was ...
2007-10-31 01:35:00 -
Japan's central bank leaves benchmark interest rate at 0.5 percent ...
CNBC - TOKYO - The Bank of Japan slashed its yearly economic growth forecast by 0.3 percentage points and held interest rates steady Wednesday as uncertainty in the global economy and financial markets continued to cloud Japan's outlook. The BOJ lowered its ...
2007-10-31 02:11:00