Mortgage and Financial News From 2007-11-12 Page 01

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  • Inflation to spark early riser in '08

    News.com.au - INTEREST rates are almost certain to hit 7 per cent early next year after the Reserve ... of a downturn in the US economy fuelled by woes in the American sub-prime mortgage sector, sent the benchmark ASX 200 index down 90 points to 6455 - its lowest close ...
    2007-11-12 05:57:00
  • Sensex extends losses

    Daily Pioneer - Market analysts said that Global worries like a slowdown in the US and speculations that debt-rating services would downgrade hundreds of mortgage-related investments took a toll on Asian markets including India. Also slowdown in India's industrial ...
    2007-11-12 09:39:00
  • Australian Dollar Falls to Three-Week Low on Carry Trade Exit

    Bloomberg - The currency fell to the lowest in almost eight weeks against the yen as Deutsche Bank AG analysts said yesterday losses from the falling value of subprime mortgage assets may reach $300 ... earned on the gap between the borrowing and lending rates ...
    2007-11-12 02:25:00
  • Developed and Emerging World Equity Markets Post Strong October ...

    Forbes - Looking at the sub-industries, Internet Software & Services was the best performer in October with a gain of 16.06%, while Thrifts & Mortgage Finance showed the lowest results with a 10.43% monthly loss. Short-term U.S. interest rates declined in ...
    2007-11-12 10:29:00
  • Japan's Bonds Gain; Yield Falls to Lowest Since February 2006

    Bloomberg - Yield Falls to Lowest Since February 2006 By Theresa Barraclough Nov. 13 (Bloomberg ... said ``downside risks'' for the economy are rising as fallout from the U.S. mortgage ... proportion of economists forecasting that the Bank of Japan will increase rates to ...
    2007-11-11 03:53:00
  • U.K. House-Price Index Falls to Lowest in Two Years, RICS Says

    Bloomberg - House-Price Index Falls to Lowest in Two Years, RICS Says By Brian Swint Nov. 13 (Bloomberg) -- An index of U.K. house ... The U.S. subprime mortgage slump has also prompted banks to lift mortgage rates, further hurting affordability. ...
    2007-11-11 03:53:00
  • Risk aversion keeps yen near 18-mth high vs dollar

    Guardian Unlimited - Worries about U.S. financial institutions' losses from the subprime mortgage crisis ... The dollar fell as low as 109.85 yen on electronic trading platform EBS, the lowest ... percent comfort zone, strongly suggesting a further increase in interest rates ...
    2007-11-12 04:49:00
  • Yen falls from highs as dealers book profits

    Guardian Unlimited - Revelations by major U.S. banks of losses from the subprime mortgage crisis have ... The euro slid as low as 158.70 yen the lowest since mid-September, on Tuesday ... The BOJ kept interest rates unchanged at 0.50 percent on Tuesday, as widely ...
    2007-11-12 07:48:00
  • Yen slips on profit-taking, more gains seen

    Guardian Unlimited - ... revelations by major U.S. banks that they have been burned in the subprime mortgage ... The euro slid as low as 158.70 yen the lowest since mid-September, on Tuesday ... The BOJ kept interest rates unchanged at 0.50 percent on Tuesday, as widely ...
    2007-11-12 10:25:00
  • Australian, N.Z. Dollars Recover as Losses Considered Excessive

    Bloomberg - ... trades on speculation the Bank of Japan will signal plans to leave interest rates ... bought 88.84 U.S. cents at 4:55 p.m. in Sydney from 87.54 cents earlier, the lowest ... Bank AG analysts said yesterday losses from the falling value of subprime mortgage ...
    2007-11-12 10:25:00
  • Japan Q3 growth stronger but BOJ seen on hold

    Guardian Unlimited - The central bank, keen to return Japan's low rates to more normal levels, is seen ... Despite firm GDP figures, Tokyo share prices opened down after setting their lowest ... was due to tighter Japanese building rules rather than the U.S. subprime mortgage mess
    2007-11-12 08:23:00
  • Credit turmoil spreads to US commercial property

    MSN MoneyCentral - Market turbulence is also raising the cost of commercial mortgage borrowing. The difference in rates on AAA-rated CMBS and the so-called risk ... Ms Pendergast expects total issuance to fall to $100bn or less next year, the lowest since 2004, from what ...
    2007-11-12 10:04:00
  • Bank of Japan Votes 8-1 to Hold Key Rate at 0.5% (Update2)

    Bloomberg - Nov. 13 (Bloomberg) -- The Bank of Japan refrained from increasing interest rates, the lowest among industrial nations, amid ... Hiroko Ota said the government needs to monitor the effect of Japan's housing slump, higher oil prices and U.S. mortgage ...
    2007-11-12 10:54:00
  • Bank of Japan Votes 8-1 to Hold Key Rate at 0.5% (Update2) (Bloomberg.com)

    Nov. 13 (Bloomberg) -- The Bank of Japan refrained from increasing interest rates, the lowest among industrial nations, amid signs that the world's second-largest economy is slowing.
    2007-11-12 11:21:21
  • Japan's Bonds Gain; Yield Falls to Lowest Since February 2006 (Bloomberg.com)

    Nov. 13 (Bloomberg) -- Japanese bonds gained, pushing 10- year yields to the lowest since February 2006, on speculation central bank Governor Toshihiko Fukui will signal plans to keep borrowing costs unchanged in coming months.
    2007-11-12 06:36:21