Mortgage and Financial News From 2008-3-12 Page 18

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  • Darling slashes economic growth forecasts in budget speech (AFP via Yahoo! News)

    Britain risks a sharp economic slowdown over the next two years after Chancellor of the Exchequer Alistair Darling slashed official growth forecasts in his first budget speech on Wednesday.
    2008-03-12 09:29:59
  • Darling Raises Borrowing, Taxes as U.K. Economy Slows (Update2) (Bloomberg.com)

    March 12 (Bloomberg) -- Chancellor of the Exchequer Alistair Darling said the U.K. government will raise taxes and borrow an additional 20 billion pounds ($40 billion) in the next four fiscal years as higher credit costs slow economic growth.
    2008-03-12 09:47:00
  • Qatar to keep riyal peg, rate for now -cbank gov (Reuters via Yahoo! Malaysia News)

    MAINZ, Germany, March 12 - Qatar will keep its riyal pegged to the dollar at the same rate for now, its central bank governor said on Wednesday, as the oil producer grapples with near-record inflation and bets of imminent currency reform.
    2008-03-12 09:52:10
  • Remarks by the President to the U.S. Hispanic Chamber of Commerce (wallstreet:online AG)

    Ronald Reagan Building and International Trade Center 10:41 A.M. EDT THE PRESIDENT:
    2008-03-12 09:55:49
  • Examiner.com Related Articles: (The San Francisco Examiner)

    "We're still in a great deal of flux here. The fact that the Fed has gone from lender of last resort to lender of first resort worries me," said John O'Donoghue, co-head of equities at Cowen & Co.
    2008-03-12 10:10:12
  • Mier of Loop Capital Says the Fed Is 'Throwing Gas On the Fire' in Terms of Stagflation, On the DerivActiv MuniMarket ... (PrimeNewswire via Yahoo! Finance)

    MINNEAPOLIS, March 12, 2008 -- DerivActiv announces a MuniMarket Pulse podcast episode featuring Chris Mier of Loop Capital, who reacts to the Federal Reserve's move to aid the credit markets with $200 billion in the form of weekly auctions.
    2008-03-12 10:12:38
  • UPDATE: BOE:Paul Tucker Reappointed For New 3-Year Term On MPC (The Forex Market)

    (Adds information on outstanding reappointment, U.K. treasury comment, background.) LONDON -(Dow Jones)- The Bank of England announced Wednesday that its Executive Director for Markets, Paul Tucker, has been reappointed to the bank's Monetary Policy Committee for another three-year term.
    2008-03-12 10:38:42
  • Ferrovial Surges on Heathrow, Gatwick Airport Fees (Update1)

    Bloomberg - BAA, bought by Ferrovial in 2006 for $20 billion, is struggling to refinance at least 4.1 billion pounds of debt as it comes under increasing criticism from airlines, passengers and politicians for service standards at its three London airports.
    2008-03-11 03:02:00
  • Charter to Name Eloise Schmitz Interim Chief Financial Officer

    Forbes - our ability to pay or refinance debt prior to or when it becomes due and/or refinance that debt through new issuances, exchange offers or otherwise, including restructuring our balance sheet and leverage position;
    2008-03-11 03:31:00
  • Many more going bankrupt

    Boston Globe - Bankruptcy filings have surged 22 percent in Massachusetts this year, as more people are unable to afford their rising mortgage payments or refinance their homes to pay bills, according to court filings and bankruptcy attorneys. Massachusetts filings ...
    2008-03-11 07:12:00
  • New economic forecast: No recession

    World Link - The credit woes have deepened the housing slump, making it harder for would-be homeowners to borrow money and for homeowners to refinance. But consumer spending, while weakened, hasn’t declined severely due to credit problems, Leamer notes.
    2008-03-12 06:00:00
  • City To Refinance Debt, Exit Risky Market

    New York Sun - New York City today is selling hundreds of millions of dollars in fixed-rate bonds in an effort to counter the soaring cost of floating-rate debt, joining a growing slate of municipalities fleeing the most troubled corners of the credit market. The ...
    2008-03-10 10:01:00
  • Asur, Cresud, OHL Brasil, Sabesp, Telmex: Latin Equity Preview

    Bloomberg - The world's biggest beef producer plans to borrow as much as $800 million to refinance debt. The board of directors approved a proposal on Feb. 21 to accept loans from Banco Bradesco SA, Banco Santander SA and other financial institutions, Sao Paulo ...
    2008-03-12 05:45:00
  • UK DMO to issue 80.0 bln stg in gilts in 2008/9; jump in short-dated ...

    Forbes - This reflect the government's decision to refinance the Bank of England's loan to Northern Rock through a Treasury loan. The net outstanding of that loan is expected to be 14.0 bln stg, the DMO said.
    2008-03-12 06:57:00
  • Home loan demand drops

    CNBC - The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended March 7 fell 1.9 percent to 671.7.
    2008-03-12 06:50:00