Mortgage and Financial News From 2008-6-4 Page 10
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Housing industry renews call for interest rate cut - Guardian Unlimited
Federation wants cheaper borrowing to arrest the slump in the market. Britain's housebuilders are calling on the Bank of England to cut interest rates by half a point tomorrow, warning that a rapidly deteriorating property market risks dragging the ...
2008-06-04 05:03:00 -
Australian economy shows unexpected resilience - Financial Times
Australia’s economy grew by more than expected last quarter, helped by spending on infrastructure and defence, while the consumer held up surprisingly well in the face of high interest rates and surging living costs. The unexpected resilience ...
2008-06-04 02:40:00 -
DiMasi's friend is ordered to explain lobbying income at hearing (Boston Globe)
Secretary of State William F. Galvin ordered yesterday Richard D. Vitale, a close friend of House Speaker Salvatore F. DiMasi, to appear at an extraordinary public hearing tomorrow to explain why he failed to report lobbying income he received from the Massachusetts Association of Ticket Brokers.
2008-06-04 06:09:31 -
Pakistan stocks up by about 5 per cent on tax delay (Khaleej Times)
KARACHI - Pakistan stocks staged a massive rebounce Wednesday, gaining around 5 per cent on reports that government is likely to delay taxes on stock trading for at least next two years, traders said.
2008-06-04 06:17:55 -
Asian stocks close mostly down as fuel prices hiked (ABS-CBNNEWS.com)
HONG KONG - Asian stocks closed mostly down Wednesday as India and Malaysia hiked fuel prices amid an OECD warning that sharply higher inflation posed a risk to regional economic growth.
2008-06-04 06:20:03 -
U.K. Homebuilders Drop After UBS Cut, Davy Concerns (Update1) (Bloomberg.com)
June 4 (Bloomberg) -- U.K. homebuilders fell in London trading after UBS AG downgraded Bellway Plc , Persimmon Plc and Redrow Plc to ``sell'' and Ireland's Davy Stockbrokers advised clients not to invest in the industry.
2008-06-04 06:36:57 -
Banning of export of milk powder will be a retrogade step, says Punjab MP Gujral (New Kerala)
New Delhi, June 4 : Reported moves by the Government of India to ban the export of milk powder in order to contain milk prices in the country has been criticised by Naresh Gujral, the Member of Parliament representing the Shiromani Akali Dal party and Punjab in the Rajya Sabha.
2008-06-04 06:58:49 -
Czech President slams euro and European Central Bank (Eu Business)
(PRAGUE ) - Czech President Czech Vaclav Klaus launched a belated birthday attack on the European Central Bank (ECB) and the euro Wednesday, describing them as a piece of "political engineering par excellence" that had failed to fulfill their promises.
2008-06-04 06:59:20 -
Sino Fibre Completes Strategic Private Placement for Gross Proceeds of $212,483 (PrimeNewswire via Yahoo! Finance)
NEW YORK and HONG KONG, June 4, 2008 -- Sino Fibre Communications, Inc. , a broadband and value added Internet services provider in China, announced that it has completed a private placement of 685,428 units at a price of $0.31 per unit for gross proceeds of approximately $212,483, each unit consisting of one share of common stock of Sino Fibre and one share purchase warrant.
2008-06-04 07:00:00 -
India, Malaysia raise domestic fuel prices (AP via Yahoo! Finance)
India and Malaysia announced gasoline price hikes Wednesday, citing soaring oil costs as the two Asian countries struggle under the growing burden of subsidies for the motor fuel.
2008-06-04 07:00:40 -
Rates rise back on the agenda (The Age)
Australian households continue to spend nearly every cent earned.
2008-06-04 07:03:41 -
Home prices surge 13.6% - Baltimore Sun
WASHINGTON - U.S. home prices surged 13.6 percent in the second quarter, the fastest pace in more than a quarter of a century, as a decline in interest rates fueled record sales. The median price of an existing single-family home rose to $208,500 ...
2008-06-02 11:42:00 -
OECD downgrades UK growth estimates, urges medium term rate cuts ... - Forbes
LONDON (Thomson Financial) - The OECD Wednesday downgraded UK growth forecasts for this year and the next and urged the Bank of England to consider lowering interest rates over the medium term. In its semi-annual report, the OECD lowered its 2008 ...
2008-06-04 05:03:00 -
Mortgage application volume slips as rates rise - MSN MoneyCentral
Fannie Mae Ord Shs ( FNM ) Stock Quote , Chart , News , Add to Watchlist WASHINGTON (AP) - Mortgage application volume fell 15.3 percent during the week ended May 30, according to the trade group Mortgage Bankers Association's weekly application ...
2008-06-04 04:13:00 -
U.S. MBA's Mortgage Applications Index Fell 15.3% Last Week (Bloomberg.com)
June 4 (Bloomberg) -- Mortgage applications in the U.S. last week dropped to the lowest level in six years, reflecting less refinancing as interest rates jumped.
2008-06-04 04:28:48