Mortgage and Financial News From 2008-6-1 Page 4
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Boss of B&B quits with heart problem as City prepares for profit warning (Independent)
Bradford & Bingley shares were set to plunge this morning after the company revealed the shock departure of its chief executive and an expected profit warning.
2008-06-01 04:20:28 -
Australia's Centro wins A$2.8 bln loan reprieve (Reuters Finance News, Australia via Yahoo!7 Finance)
The extension to the A$2.8 billion in debt includes A$2.3 billion owed to the Australian banks and $450 million owed to U.S. private noteholders.
2008-06-01 05:29:18 -
Australian Bonds Set for Record Half as Banks Look Onshore (Bloomberg.com)
June 2 (Bloomberg) -- Australian corporate bond sales are poised to rise to a record in the first half this year as the nation's banks lure local investors with higher yield margins after the U.S. housing collapse cut demand in global markets.
2008-06-01 05:36:27 -
Australia's Centro wins A$2.8 bln loan reprieve (The Globe and Mail)
MELBOURNE (Reuters) - Centro Properties Group , one of Australia's biggest casualties of the global credit crunch, won more time to repay about A$2.8 billion ($2.67 billion) in debt, sparking a rally in its shares on Monday.
2008-06-01 05:53:55 -
Find a mortgage lender you can count on - Herald News
Given all the turmoil in the nation’s mortgage markets, homebuyers must now search widely to find a dependable lender who’s also offering the best available rates. “In recent months, the mortgage industry has changed so dramatically that you ...
2008-05-30 05:41:00 -
Need to know - Times Online
Interest rates The Bank of England is expected to keep interest rates on hold again on Thursday, after its latest quarterly Inflation Report emphasised its concerns over rising inflationary pressures. Mortgage approval numbers are expected to have ...
2008-06-01 04:27:00 -
Home truths hit workers - News.com.au
MELBOURNE faces a shortage of essential workers as nurses, teachers, firefighters, police and ambulance officers are priced out of the property market. A study by BankWest has found all Melbourne council areas are too expensive for nurses to hope to ...
2008-06-01 04:05:00 -
Home mortgage 'reset' shock to hit suburbs - Minneapolis Star Tribune
There is a reason they say a home purchase is the biggest one many of us make in our lives. This isn't like buying a new pair of shoes. … read more Come on people. Read the fine print. Own some accountability. Do your research. Find a way to build ...
2008-06-01 02:03:00 -
One million families facing negative equity by the end of 2009 (Evening Standard)
Falling house prices will push almost one million homeowners into negative equity by the end of next year, according to a report yesterday. By the end of this year 250,000 could find the value of their home is less than the size of their mortgage, it said.
2008-06-01 01:23:11 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
InBev close to financing for Anheuser bid: paper
2008-06-01 03:50:25 -
Larry Elliott and Dan Atkinson on how reckless speculation of a super-rich elite has left us poorer (Guardian Unlimited)
In the first of three extracts from their new book, Larry Elliott and Dan Atkinson explain how the reckless speculation of a super-rich elite has left us all the poorer
2008-06-01 04:30:31 -
Japan continues climb out of lost decade (Guardian Unlimited)
After years of stagnancy, the recovering economy has avoided the sub-prime crisis
2008-06-01 04:31:52 -
Latest Updates (Malaysia Today)
AFTER a heady rally which sent crude oil prices rocketing to new record highs recently, prices began to show signs of correction last week. To hard-pressed motorists in Singapore watching the weekly rise in pump prices with alarm, this is a hopeful development.
2008-06-01 04:35:30 -
Dollar: Will Non Farm Payrolls Spoil the Rally? (Daily FX)
It was a pretty good week for dollar bulls as the unit managed to gain 130bp against the euro on surprisingly buoyant economic data including better than expected Durable Goods, New Home Sales and Chicago PMI numbers.
2008-06-01 04:35:37 -
Saler: Inflation's an issue, not '70s crisis (Milwaukee Journal Sentinel)
For the first time in more than a quarter-century, inflation is a key factor in how Americans go about their daily lives. Almost half the nation's population - those born after the mid-1970s or too young at that time to be paying thei...
2008-06-01 04:53:27