TREASURIES-Futures fall in quiet Asian trade
fears that the fallout from U.S. subprime mortgage problems would derail the economy. Traders said ... Fed policy meeting to bet on an interest rate cut. The Fed acknowledged the subprime-induced ... said a trader at a U.S. investment bank. "No one seems to want to take ...
Fed keeps US rates steady
The Federal Reserve on Tuesday kept US interest rates unchanged at 5.25 percent but it ... slump dogging the US economy. The central bank has now kept US interest rates steady ... Naroff Economic Advisors said that despite the mortgage and credit woes, the Fed continues to ...
Homeownership Rate Slides Again
with fixed rates. Experts say the tighter mortgage money causes some homeowners to lose their ... they can't refinance their way out of higher-interest rate trouble. Also, a growing number of ... real estate market. The periodic survey of bank executives and other professionals in the 12 ...
How Credit Got So EasyAnd Why It's Tightening
When the Fed cut interest rates to the lowest level in a ... once seen as isolated to a few subprime-mortgage lenders are beginning to propagate across markets ... to repay debts and left the central bank seemingly powerless to stimulate growth. "Even though ...
Blame Greenspan?
deals uneconomic, the collapse of the subprime mortgage market and with it several hedge funds, ... decision by Wells Fargo to raise its interest on 30-year fixed mortgages in excess of ... specialise. William Poole, president of the Federal Bank of St. Louis, used a speech to ...
Fed leaves key interest rate unchanged
The Federal Reserve left a key short-term interest rate unchanged Tuesday, but indicated that it ... Reserve Chairman Ben Bernanke and his central bank colleagues acknowledged challenges that have intensified since ... said. The meltdown in the housing and mortgage markets has caused home foreclosures to climb ...
RM3.36 vs US dollar seen by year's end
huge current account surplus, said Standard Chartered Bank senior FX Strategist, Global Research, Thomas Harr. ... appetite, mainly depressed by the US subprime mortgage crisis, which could get worse in the ... the US Federal Reserve decides to lower interest rates to manage the sub-prime loans issue. ...
Rate rise will make life a bit harder for private equity mega deals
in peace", but yesterday's 25 basis points interest rate rise did not help the cause ... the cause of private equity. The Reserve Bank yesterday confirmed rates were on the way ... last month, and the effect of subprime mortgage defaults on hedge funds such as Basis ...
Shares on the rise again, so what was all the fuss about?
the stockmarket can take a hit when interest rates are increased, in this case by ... are up, which is excellent." The Commonwealth Bank rose 99c to $53.99, NAB climbed 64c ... market by reassuring investors that problems in mortgage lending would not drag down the broader ...
Rate hike may hurt Howard at polls
Australia's central bank yesterday raised its benchmark interest rate a quarter point to the highest ... it harder to maintain his argument that mortgage rates will always be lower under the ...