Mortgage and Financial News From 2008-2-15 Page 01

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  • Consumer test: Credit cards

    Guardian Unlimited - The Capital One card also has a very competitive 9.9% interest rate on purchases, so is a better choice if there is a chance you will occasionally be unable to clear your entire balance." What if I have debt to transfer? If you are paying interest on ...
    2008-02-15 04:36:00
  • New Trouble in Auction-Rate Securities

    New York Times - ... rates are governed by the terms of the bond, and in some cases they are tied to short-term interest rates like the London interbank offered rate, which has been falling for much of the year as the Federal Reserve has cut its benchmark interest rate.
    2008-02-15 09:12:00
  • Mexico peso little changed before rate decision

    Reuters - MEXICO CITY, Feb 15 (Reuters) - Mexico's peso currency was little changed on Friday as investors waited for a central bank interest rate decision, while stocks fell as U.S. economic data disappointed investors. The peso MEX01 was off 0.04 ...
    2008-02-15 06:42:00
  • Japan 10-Year Bonds Fall This Week as Odds for BOJ Cut Decline

    Bloomberg - Feb. 16 (Bloomberg) -- Japanese 10-year government bonds fell for the week as traders reduced bets the Bank of Japan will lower the benchmark interest rate this year. Demand for fixed-income securities waned as the Nikkei 225 Stock Average rose by ...
    2008-02-15 02:56:00
  • US RATE FUTURES-Extend gains on weak U Mich

    Reuters - CHICAGO, Feb 15 (Reuters) - U.S. short-term interest rate futures extended earlier gains on Friday after the University of Michigan's consumer sentiment survey for February was much weaker than expected. Futures FFJ8 show as much as a 44-percent ...
    2008-02-15 07:11:00
  • Canada's 2-Year Bond Rises Amid U.S. Slowdown, Looming Rate Cut

    Bloomberg - Feb. 15 (Bloomberg) -- Canada's two-year bond rose, pushing the yield to the lowest since 2005, on concern the U.S. economy will slip into a recession and force Canadian interest rates lower. Traders bought government bonds and sold the Canadian ...
    2008-02-15 10:02:00
  • US RATE FUTURES-Weak U Mich boosts ideas of big Fed cuts

    Reuters - CHICAGO, Feb 15 (Reuters) - Prospects for aggressive Federal Reserve interest rate cuts rose on Friday after a key reading on U.S. consumer sentiment posted its biggest drop since September 2005. U.S. short-term interest rate futures jumped to ...
    2008-02-15 10:53:00
  • Odds of further Fed rate cuts increase on weak NY-area manufacturing ...

    Forbes - BOSTON (Thomson Financial) - The odds of further interest rate cuts rose Friday as a surprise tumble in manufacturing activity in the New York region overshadowed inline industrial production data and a bigger-than-expected rise in import prices. May ...
    2008-02-15 07:39:00
  • BlackRock Communication on Auction Rate Preferred Shares Market ...

    Forbes - ... to differ materially from forward-looking statements or historical performance: (1) the introduction, withdrawal, success and timing of business initiatives and strategies; (2) changes in political, economic or industry conditions, the interest rate ...
    2008-02-15 12:04:00
  • UPDATE 2-Mexico holds key rate steady, food prices a worry

    Forbes - MEXICO CITY (Reuters) - Mexico's central bank held its key overnight interest rate steady at 7.50 percent at its monthly review Friday, as expected, as it balances niggling inflation with a nascent economic slowdown. The bank said it remains vigilant ...
    2008-02-15 08:29:00
  • One Hungarian interest rate setter voted for hike in January - minutes

    CNBC - BUDAPEST (Thomson Financial) - One member of Hungary's central bank's monetary policy committee voted to hike interest rates in January, minutes from the meeting revealed today. The central bank voted 10-1 to keeps rates on hold at 7.5 pct at its ...
    2008-02-15 06:13:00
  • Mexico's Central Bank Keeps Benchmark Rate at 7.5% (Update2)

    Bloomberg - Feb. 15 (Bloomberg) -- Mexico's central bank kept its benchmark interest rate unchanged for a fourth month as policy makers balance concerns the economy is slowing with their forecast for inflation to exceed the bank's target this year. Banco de ...
    2008-02-15 09:27:00
  • Government Agency Predicts Economic Uptick

    CBS News - Government Agency Predicts Economic Uptick Congressional Budget Office Says Stimulus Bill, Interest Rate Drop, Will Boost Economy
    2008-02-15 03:32:00
  • Changing high-rate bonds is costly

    Boston Globe - Escaping from high interest payments on variable-rate bonds may prove costly for many schools and hospitals. The parent of Beth Israel Deaconess Medical Center in Boston, for instance, could pay more than $15 million in termination costs and ...
    2008-02-15 09:44:00
  • FPL's finance chief to pursue 'passion' for sailing - Palm Beach Post

    FPL's finance chief to pursue 'passion' for sailingPalm Beach Post,  United States - 38 minutes ago"We are all sorry that Moray has decided to leave, but we understand his long-standing personal interest in sailing," Hay said. ...
    2008-02-15 10:17:02