Mortgage and Financial News From 2008-1-29 Page 14

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  • Chile's Peso Rises to Nine-Year High on Interest-Rate Outlook

    Bloomberg - Jan. 29 (Bloomberg) -- Chile's peso reached a nine-year high on speculation the central bank will keep raising benchmark lending rates will U.S. policy makers cut borrowing costs. Futures contracts indicate traders see a 76 percent likelihood the U.S ...
    2008-01-29 01:00:00
  • Global stocks firmer on rate cut hopes

    News.com.au - EUROPEAN stock markets closed higher today, helped by a positive performance in Asia as investors pinned their hopes on another substantial US interest rate cut, dealers said. Asian and European shares rallied after an overnight rebound on Wall ...
    2008-01-29 03:16:00
  • Brazil stocks, currency gain ahead of Fed rate move

    Reuters - SAO PAULO, Jan 29 (Reuters) - Brazil's stocks and currency rose on Tuesday for a third straight session, tracking overseas financial markets as hopes mounted the U.S. Federal Reserve would cut interest rates again this week to boost the economy. The ...
    2008-01-29 03:38:00
  • FTSE surges as world bets on U.S. rate cut

    Reuters UK - LONDON (Reuters) - Top shares surged 1.7 percent in a global rally on Tuesday, as banks and miners forged higher and investors bet the U.S. Federal Reserve would serve up another interest rate cut to soothe recession nerves. The FTSE 100 index closed ...
    2008-01-29 04:49:00
  • Gold and platinum prices retreat after surging to new records ahead of ...

    CNBC - NEW YORK - Gold and platinum prices eased off record highs Tuesday as traders cashed in on profits ahead of an expected interest rate cut by the U.S. Federal Reserve. Silver hit its highest level in almost 30 years and agricultural futures settled ...
    2008-01-29 02:40:00
  • Australian, N.Z. Dollars Trade at Two-Week Highs on Rate Spread

    Bloomberg - Jan. 30 (Bloomberg) -- The Australian and New Zealand dollars traded at the highest levels in two weeks on bets the countries' interest-rate advantages will widen as the Federal Reserve cuts the U.S. benchmark today. The local dollars have gained ...
    2008-01-29 02:48:00
  • Japan stocks open up but slip, Fed rate cut eyed

    Reuters India - TOKYO (Reuters) - Japanese stocks eased on Wednesday after opening slightly higher following a sharp rise the previous session and ahead of an expected second U.S. Federal Reserve interest rate cut in about a week. As of 0007 GMT, the benchmark ...
    2008-01-29 04:49:00
  • Chile stocks close higher on rate cut expectations

    Reuters - SANTIAGO, Jan 29 (Reuters) - Chilean stock indexes closed sharply higher on Tuesday as investors anticipated another U.S Federal Reserve interest rate cut. The blue-chip IPSA index advanced 3.14 percent to 2,742.32 points, while the all ...
    2008-01-29 03:38:00
  • European stocks gain on rate hopes; SocGen bounces

    Reuters - PARIS, Jan 29 (Reuters) - European stocks ended higher on Tuesday, helped by expectations of a U.S. interest rate cut while strong durable goods orders data soothed worries over the health of the world's biggest economy. Shares in French bank Societe ...
    2008-01-29 03:52:00
  • FACTBOX-History of sharp Fed interest rate cuts

    Forbes - WASHINGTON (Reuters) - The U.S. Federal Reserve's three-quarters of percentage point cut to the overnight federal funds rate on Jan. 22 was among its biggest and most abrupt reductions in borrowing costs since the early 1980s. The Fed's policy ...
    2008-01-29 02:40:00
  • Dollar Is Little Changed Before Fed's Interest-Rate Decision

    Bloomberg - Jan. 30 (Bloomberg) -- The dollar was little changed against the euro and yen amid speculation the Federal Reserve will lower borrowing costs today by a half-percentage point. The central bank made an emergency cut of three-quarters of a percentage ...
    2008-01-29 03:30:00
  • Borrowing costs likely to drop as Fed weighs another rate reduction

    International Herald Tribune - WASHINGTON : Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy. Fed Chairman Ben Bernanke and his colleagues opened a two-day ...
    2008-01-29 06:01:00
  • Japan's Bonds May Fall; U.S. Interest-Rate Cuts to Spur Growth

    Bloomberg - Jan. 30 (Bloomberg) -- Japanese bonds may fall for a second day on speculation a Federal Reserve interest-rate cut today will buoy the U.S. economy. The Fed will probably cut rates by half a percentage point, interest-rate futures show, which may ...
    2008-01-29 03:52:00
  • Big Ticket Items Are Still A Big Draw - Nightly Business Report

    Big Ticket Items Are Still A Big DrawNightly Business Report, FL - 20 minutes agoSUSIE GHARIB: Some encouraging news about the economy today, as the Federal Reserve kicked off its two-day meeting on the future of interest rates. ...
    2008-01-29 06:39:43
  • NS to direct issue student loans; move will lower interest payments - The Canadian Press

    NS to direct issue student loans; move will lower interest paymentsThe Canadian Press - 20 minutes agoThe Conservative government's direct-lending initiative will shave two percentage points off the interest rate students would have paid under the existing ...
    2008-01-29 06:40:37