Mortgage and Financial News From 2008-1-30 Page 01

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  • Stocks bounce from credit scare

    International Herald Tribune - HONG KONG : Investors jumped back into shares on Thursday, brushing aside worries about top U.S. bond insurers' credit ratings that plagued markets in early trade, while the latest U.S. interest rate cut weighed on the dollar. Stock markets began the ...
    2008-01-30 10:39:00
  • Hong Kong Stocks Have Worst Month in a Decade; Banks Lead Fall

    Bloomberg - Jan. 31 (Bloomberg) -- Hong Kong stocks fell, pushing the Hang Seng Index to its worst month in a decade, after a U.S. interest-rate cut failed to ease concern that credit-market losses will widen. China Construction Bank Corp. led declines among ...
    2008-01-30 11:29:00
  • Comerica cuts key interest rate

    MSN MoneyCentral - NEW YORK (AP) - Comerica Inc. on Tuesday lowered its prime rate by one half of a percentage point after the Federal Reserve cut its key interest rate. Dallas-based Comerica said its prime rate is now 6 percent. The Fed cut the federal funds rate ...
    2008-01-30 03:58:00
  • Fed Cuts Interest Rate to 3% as U.S. Growth Falters (Update6)

    Bloomberg - Jan. 30 (Bloomberg) -- The Federal Reserve lowered its benchmark interest rate by half a point to 3 percent, the second cut in nine days, and indicated its willingness to do so again to prevent a U.S. recession. ``Downside risks to growth remain ...
    2008-01-30 03:51:00
  • What action means for loans, CDs

    Boston Globe - The Federal Reserve yesterday cut the interest rate yet again to prop up the US economy. But what does this mean to consumer borrowing and saving? Here are some answers to frequently asked questions: Q. Does the interest rate cut mean that now is a ...
    2008-01-30 09:49:00
  • Italian Stocks - Factors to watch on Jan 31

    Reuters - The U.S. Federal Reserve cut its key interest rate by a half-percentage point in an aggressive effort to halt a sharp downturn in the country's economy. Senate speaker Franco Marini agreed to try to form an interim government aimed at reforming ...
    2008-01-30 10:24:00
  • Shares likely to have impact on interest rate rise

    News.com.au - Which, if it is the case, should - not exactly incidentally - impact on the Reserve Bank's interest rate decision next Tuesday. It's certainly impacting on fragile confidence. Seemingly turning what started as a strong up-day on the stock exchange ...
    2008-01-30 05:31:00
  • Market slides on US rate cut

    News.com.au - The media speculation by a CNBC reporter came in the last hour of trade, reversing 1.5 per cent gains triggered by an aggressive interest rate cut by the Federal Reserve. The Dow Jones industrial average dropped 37.47 points, or 0.30 per cent, to 12 ...
    2008-01-30 09:13:00
  • Credit growth means rate hike even more likely

    News.com.au - DEMAND for credit has accelerated to levels last seen in the high-flying days of the late 1980s, further boosting the case for an interest rate rise next week. Figures released today by the Reserve Bank of Australia show total credit rose by 1.1 per ...
    2008-01-30 08:01:00
  • Bank of China HK to cut prime rate by 25 bps

    Reuters - Hong Kong tracks U.S. interest rate moves because its currency is pegged to the U.S. dollar although local banks have some leeway to lag U.S. moves when setting prime rates. (Reporting by Donny Kwok; writing by Susan Fenton; editing by Dominic ...
    2008-01-30 11:15:00
  • Hong Kong shares end morning lower as US worries persist despite rate ...

    Forbes - HONG KONG (XFN-ASIA) - Share prices finished the morning lower, giving up modest early gains, amid doubts whether the US economy can get back on its feet again despite interest rate cuts by the US Federal Reserve. The US central bank cut its key ...
    2008-01-30 09:06:00
  • Dollar battles back after rate cut blow

    Hindustan Times - The dollar regained some ground in Asian trade on Thursday after falling sharply overseas in response to the US Federal Reserve's second interest rate cut in just over a week, dealers said. They said Japanese importers were buying the dollar, while ...
    2008-01-30 10:10:00
  • Bernanke's Rate Cut, Growth Outlook Align Fed With Investors

    Bloomberg - Jan. 31 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and his critics in financial markets may finally be on the same page. The central bank reduced its benchmark interest rate by half a point to 3 percent yesterday, eight days after an ...
    2008-01-30 10:03:00
  • Hong Kong shares end morning down as US worries persist despite rate ...

    CNBC - HONG KONG (XFN-ASIA) - Share prices finished the morning lower, giving up modest early gains, amid doubts whether the US economy can get back on its feet despite interest rate cuts by the Federal Reserve. The US central bank cut its key rate by 50 ...
    2008-01-30 10:03:00
  • Taipei shares close lower as Fed rate cut fails to ease US economy ...

    Forbes - TAIPEI (XFN-ASIA) - Share prices closed lower amid doubts whether the US economy will be able to avert a recession despite interest rate cuts by the Federal Reserve. The Fed cut its key rate by another 50 basis points overnight after a 75 point cut ...
    2008-01-30 10:10:00