Mortgage and Financial News From 2007-9-11 Page 01

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  • A Bad Idea's Slow but Merciful Death

    Washington Post - ... on Ninth Street NW but on the site of the old convention center, taking up prime ... Flying the Marriott flag next to the convention center is of keen interest to company ... and finance a 1,400-room hotel so it can meet Bob Johnson's ambitious hurdle rate ...
    2007-09-11 08:35:00

  • St George CFO in running for top job

    News.com.au - I have expressed interest to the chairman," Mr Cameron said at an investment ... The exposure (to sub-prime) is zero," he said. "I think, particularly in the US ... cent for now, with the potential for a 25-basis points increase in the cash rate ...
    2007-09-11 07:31:00

  • Asian Stocks Climb, Led by BHP, Mitsubishi; Sun Hung Kai Gains

    Bloomberg - ... Stock Average slid 0.5 percent to 15,805.97, wiping out earlier gains, after Prime ... Hong Kong's overnight interbank offered rate fell to 3.8 percent yesterday, its lowest since June 28. ``A lower interest rates environment will give a short ...
    2007-09-11 10:30:00

  • Wall Street, Europe rally on rate cut hopes

    News.com.au - Although Mr Bernanke divulged no hints of potential interest rate moves, the markets soared as investors believe the Fed will ... We feel that you have got the risk where you don't know where the sub-prime issue is and then you have got to downgrade ...
    2007-09-11 03:49:00

  • Tokyo shares end morning higher on Wall Street gains, weaker yen ...

    Forbes - ... the firm performance overnight on Wall Street on growing hopes of a rate cut by ... The weakening of the yen boosted interest in exporters such as car makers and high ... Parliament reopened with Prime Minister Shinzo Abe under mounting pressure after a ...
    2007-09-11 09:33:00

  • Asian markets turn mixed on reports Japan PM Abe to resign UPDATE

    Forbes - ... 225 reversing early gains after reports that Japanese Prime ... Rate uncertainty Markets across Asia pared early gains, that came on growing expectations that the Federal Reserve will cut interest rates next week.
    2007-09-11 10:15:00

  • JGBs inch higher after PM Abe resignation news

    Reuters - TOKYO, Sept 12 (Reuters) - Japanese government bonds rose on Wednesday as investors shrugged off news that Prime ... The JGB market drew some support from expectations for a big interest rate cut by the Fed, while the BOJ is seen holding rates ...
    2007-09-11 09:40:00

  • Asian Stocks Are Mixed, Tokyo Slides on Abe's Imminent Exit

    CNBC - ... turned negative on, reversing a brief rally after news that Prime Minister Shinzo ... The S&P/ASX 200 Index rose as much as 1% as hopes of a rate cut in the U.S. next ... fell on concern the country's top export destination will raise its interest rates as ...
    2007-09-11 09:33:00

  • Japanese Stocks Volatile As Abe Says He Will Quit

    Wall Street Journal - SINGAPORE -- The Nikkei 225 was jostled Wednesday by news of Prime Minister Shinzo Abe's resignation, while other stock markets in Asia are mixed and trading light as next week's Federal Reserve interest rate meeting draws closer. Currency trading ...
    2007-09-11 10:30:00

  • Dollar Declines to Record Low Against Euro as Fed May Cut Rates

    Bloomberg - The yen gained even as Japan's Prime Minister Shinzo Abe said he will resign. ``Expectations of narrowing interest-rate differentials are underpinning the euro-dollar,'' said Michiyoshi Kato, a senior vice president of currency sales in ...
    2007-09-11 10:30:00

  • Asia Stks Mixed; Traders Move To Safety In Japan On Abe News (The Forex Market)

    SINGAPORE (Dow Jones)--Lacking a cohesive catalyst Wednesday, stock markets in Asia are mixed and trading generally light as next week's Federal Reserve interest rate meeting draws closer.
    2007-09-11 10:24:43

  • Sub-prime contagion spreading to Britain (The Australian)

    VICTORIA Mortgages has become the first British casualty of the sub-prime crisis after a lack of funding forced the lender into administration.
    2007-09-11 07:00:00

  • Bernanke fails to hint at rate cut (Daily Telegraph)

    Federal Reserve chairman Ben Bernanke failed to provide any hints to nervous financial markets that the central bank would cut interest rates next week as he devoted a speech in Berlin to global imbalances.
    2007-09-11 09:00:48

  • Dollar Trades Near Record Low Against Euro as Fed May Cut Rates (Bloomberg.com)

    Sept. 12 (Bloomberg) -- The dollar traded near a record low against the euro as investors bet the U.S. will lose its interest-rate advantage over Europe as the housing market slumps.
    2007-09-11 10:34:04

  • Dollar Declines to Record Low Against Euro as Fed May Cut Rates (Bloomberg.com)

    Sept. 12 (Bloomberg) -- The dollar fell to a record low against the euro as investors bet the U.S. will lose its interest-rate advantage over Europe as the housing market slumps.
    2007-09-11 10:52:34

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