Mortgage and Financial News From 2007-11-13
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FTSE rises as Vodafone leads, banks recover
Reuters - The UK's main blue-chip index was 24.5 points higher at 6,362.4 as unexpectedly high British inflation data pushed expectations of a possible Bank of England interest rate cut further into the future. Consumer prices rose at an annual rate of 2.1 ...
2007-11-13 09:24:00 -
BBA says Bank should cut emergency loan rate in crisis
Reuters UK - The Bank of England should relax its penalty rate of 1 percent above the base interest rate at times of "market stress", it said. Barclays (BARC.L: Quote , Profile , Research ), Britain's third biggest bank, used the standing facility twice in August ...
2007-11-13 03:11:00 -
Sterling up, UK rate futures down after 2.1 pct UK CPI
Reuters UK - LONDON, Nov 13 (Reuters) - Sterling ticked up to session highs against the dollar and euro, while UK interest rate futures extended losses on Tuesday after data showed a stronger-than-forecast rise in inflation last month, dampening expectations the ...
2007-11-13 01:31:00 -
FTSE rises as Vodafone leads
MSN UK News - The index was 24.5 points higher at 6,362.4 as unexpectedly high inflation data pushed expectations of a possible Bank of England interest rate cut further into the future. Consumer prices rose at an annual rate of 2.1 percent in October compared with ...
2007-11-13 09:38:00 -
Howard's only way is more betrayal
News.com.au - After the sixth interest rate rise since the last election, Mr Howard gave what sounded like an apology. It looked, for an all-too-brief moment, like Mr Howard was finally taking responsibility for the hurt inflicted on working families who trusted ...
2007-11-13 10:14:00 -
Inflation data help drive broad sterling rebound
Reuters UK - LONDON (Reuters) - Sterling recouped some of the previous session's sharp losses on Tuesday, strengthening broadly after unexpectedly high inflation data pushed expectations of a possible Bank of England interest rate cut further into the future ...
2007-11-13 07:22:00 -
Banco do Brasil's Profit Rises 50 Percent on Lending (Update2)
Bloomberg - Government-controlled Banco do Brasil expanded lending as the monetary policy makers slashed the benchmark interest rate almost in half over two years to 11.25 percent in September. The bank is the biggest lender to farmers, who are benefiting from ...
2007-11-13 11:40:00 -
Bank likely to cut growth forecast
Reuters UK - Financial markets are betting on two interest rate cuts before the end of next year, emboldened by surveys suggesting a cooling housing market and slowing economy. The Treasury and independent economists have already lowered their growth predictions ...
2007-11-13 11:40:00 -
ECB average refi rate 4.16 pct; marginal rate 4.15; awards 182 bln eur
Forbes - FRANKFURT (Thomson Financial) - The European Central Bank said the weighted average interest rate on accepted bids at today's main refinancing operation rose to 4.16 pct from 4.15 pct last week. The marginal rate -- the lowest rate at which bids were ...
2007-11-13 02:43:00 -
U.K. Inflation Rate Increases to a Four-Month High (Update4)
Bloomberg - Nov. 13 (Bloomberg) -- Britain's inflation rate unexpectedly rose above the Bank of England's 2 percent target to a four-month high in October, suggesting higher interest rates have yet to wring price pressures out of the economy. Consumer prices ...
2007-11-13 04:16:00 -
Philippine stock index slips second straight session ahead of expected ...
CNBC - MANILA, Philippines - Philippine stocks slid their second straight session Tuesday, but expectations of an interest rate cut inspired buying that prevented steeper losses. The Philippine Stock Exchange Index fell 18.88 points, or 0.5 percent, to 3 ...
2007-11-13 02:21:00 -
Dollar gives up some gains from previous trading day on interest rate ...
CNBC - BERLIN - The dollar lost some gains from the previous day as traders Tuesday tried to figure out if another interest rate cut was in the works. The euro rose as high as $1.4633 before settling back to $1.4605. That was still well above the $1.4554 it ...
2007-11-13 03:54:00 -
Inflation spike scuppers hopes of rate-cut
Times Online - Soaring oil and food prices have driven inflation above the Bank of England’s 2 per cent target, all but ruling out an interest rate cut this year. Consumer price inflation hit 2.1 per cent in October, the Office for National Statistics said ...
2007-11-13 10:28:00 -
Small business optimism sours on Fed rate cut
MSNBC - Optimism about the U.S. economy among small businesses soured last month as a Federal Reserve interest cut intended to aid the economy instead triggered cutbacks in spending and hiring, a survey released on Tuesday showed. The index of small business ...
2007-11-13 07:51:00 -
Yen Falls as BOJ's Fukui Says No Preset Time for Rate Increase
Bloomberg - Nov. 13 (Bloomberg) -- The yen fell against the 16 most- actively traded currencies as Bank of Japan Governor Toshihiko Fukui gave no indication of when the central bank would increase interest rates following today's policy meeting. The drop started ...
2007-11-13 11:40:00