Mortgage and Financial News From 2008-3-27 Page 2
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MPC caught in quandary (The Herald)
The UK public's expectation of benchmark inflation over the coming year rocketed to a fresh record high of 3.6% in March, from 3.1% in February, according to a survey yesterday which will likely unnerve the Bank of England as it deliberates over interest rate cuts.
2008-03-27 05:14:58 -
The New Zealand economic outlook (Scoop.co.nz)
Recent global financial and economic developments have underlined the policy risks facing New Zealand, Reserve Bank Governor Alan Bollard told the Euromoney Australian Financial Markets Innovation Congress in Sydney today.
2008-03-27 05:16:58 -
UK consumer morale lowest since 1990s (TVNZ)
British consumer morale fell to its lowest level in more than 15 years in March as households grew more gloomy about the economic outlook than at any time since the downturn of the early 1990s, a survey showed on Friday.
2008-03-27 05:32:58 -
David Prosser's Outlook: Borrowers play musical chairs as the credit crunch hits mortgage lenders (Independent)
Ever since the credit crunch began to make headlines last spring, one of its curiosities has been the limited impact of the crisis on consumer confidence in the UK. Despite all expectations to the contrary, spending on the high street has not slowed markedly, and aside from the slowdown in the housing market – long overdue in any case – there has been little evidence of the crunch's effects ...
2008-03-27 05:41:42 -
Rudd, Bush Discuss Climate, Iraq Troops in Washington Meeting (Bloomberg.com)
March 28 (Bloomberg) -- Australian Prime Minister Kevin Rudd arrived in Washington last night for talks with U.S. President George W. Bush that will include two items of disagreement: Iraq and climate change.
2008-03-27 05:49:35 -
Reserve Bank signals no rate cuts (NZPA via Yahoo!Xtra News)
The Reserve Bank is comfortable with interest rates at the current level and signalled no rate cuts on the horizon, as domestic inflation pressures outweigh risks from international market turmoil.
2008-03-27 05:59:11 -
UNESCAP: China's economy expected to grow 10.7% in 2008 (People's Daily)
China's economy would moderate but remain robust in 2008 with a growth rate of 10.7 percent, providing a cushion against the expected international downturn, according to a forecast issued by the United Nations commission in Beijing on Thur ...
2008-03-27 06:11:46 -
State expanding help for struggling homeowners (Chicago Tribune)
The state is expanding help for homeowners struggling to pay their mortgages.
2008-03-27 03:53:03 -
Obama, Clinton vow to ease economic gloom (The West Australian)
Democratic White House hopeful Barack Obama has vowed to clean up a “distorted” Wall Street, as his rival Hillary Clinton warned the US economy was heading for a Japan-style depression.
2008-03-27 03:57:40 -
(AFX UK Focus) 2008-03-27 22:27 GMT: Australian shares outlook - Lower on Wall Street fall, leveraged stock concerns (Interactive Investor)
SYDNEY (Thomson Financial) - Australian shares are expected to open lower on Friday following a pullback on Wall Street and on concerns that more highly leveraged stocks may get into trouble.
2008-03-27 03:58:54 -
Gamuda shares surge on better Q2 results (The Star)
PETALING JAYA: Shares in Gamuda Bhd yesterday climbed the most in three months after the construction and engineering group reported net profit soared 93% in the second quarter ended Jan 31.
2008-03-27 04:29:23 -
Lancaster Event Center on track for record year, manager says (Lincoln Journal Star)
The Lancaster Event Center is on track for a record year — a feat aided by marketing efforts, the decision to expand and even the sluggish economy, the complex’s manager said.
2008-03-27 04:38:55 -
Lennar Swings to Loss as Demand Weakens (NYTimes.com via Yahoo! Finance)
The homebuilder reported a first-quarter loss of $88.2 million as it absorbed charges to write down asset values and costs, while new home sales and prices sank.
2008-03-27 04:41:05 -
Obama Urges Regulation in Wake of Housing Slump (NYTimes.com via Yahoo! Finance)
Senator Barack Obama laid much of the blame for the current financial difficulties on industry lobbyists and politicians.
2008-03-27 04:41:06 -
Help urged for those with mortgage woes (Chicago Tribune)
Gov. Rod Blagojevich on Thursday pushed legislation to give homeowners behind on their payments a grace period of up to 60 days before lenders can foreclose.
2008-03-27 04:44:59