Mortgage and Financial News From 2007-9-16 Page 01
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How to control credit card debt
MSNBC - Last year's debt binge is this year's stress headache. Tip Sheet's Linda Stern asked Sherry how borrowers can get out from under. Start with your credit-card bills. Make a chart listing the interest rate (annual percentage rate, or APR), annual fee ...
2007-09-16 07:03:00 -
Fed expected to cut interest rates Tuesday
Christian Science Monitor - If the Fed does reduce rates, it will be their first interest-rate action since problems in the subprime mortgage arena spilled over to the credit markets. (Subprime mortgages are made to individuals with less-than-stellar credit records ...
2007-09-16 03:43:00 -
RPT-Wall St Wk Ahead:Stocks may rise on expected interest rate
Reuters - NEW YORK, Sept 16 (Reuters) - Wall Street expects Federal Reserve policy-makers to cut interest rates on Tuesday to help ease a global credit squeeze, a much anticipated event that spurred stock prices higher last week and could boost them this week ...
2007-09-16 12:51:00 -
Philippine shares firmer on rosy ADB outlook; caution ahead of FOMC ...
Forbes - ... Thomson Financial) - Philippine shares were firmer halfway through Monday's session with the Asian Development Bank's upbeat outlook for the domestic economy providing some support to a market anxiously awaiting the Federal Reserve's interest rate ...
2007-09-16 09:41:00 -
European Stocks Seen Down as Credit Woes Persist
CNBC - European shares were set to dip in early trade on Monday, adding to Friday's losses, as worries over the impact of a crunch in the credit market remain high despite expectations of a U.S. interest rate cut. Financial bookmakers, or spread betters, in ...
2007-09-16 10:17:00 -
TIPS Prove Treasuries' Best as Fed Mulls Lower Rates (Update1)
Bloomberg - Sept. 17 (Bloomberg) -- Inflation-linked bonds, the best- performing Treasury securities this year, may get even better as the Federal Reserve considers lowering the nation's benchmark interest rate for the first time since 2003. Treasury Inflation ...
2007-09-16 09:41:00 -
Asian Stocks Slip Ahead of Fed Meeting, Yen Stalls
CNBC - Asian stocks eased in the afternoon session Monday, taking a breather after four straight weeks of gains, with expectations of a U.S. interest rate cut this week offset by renewed worries about a global credit squeeze. A public holiday in Japan kept ...
2007-09-16 09:05:00 -
Dollar Trades Near Record Low Against Euro Before Fed Meeting
Bloomberg - Sept. 17 (Bloomberg) -- The dollar traded within a cent of its record low against the euro on speculation the Federal Reserve will lower its benchmark interest rate tomorrow, eroding the U.S. yield advantage over Europe. The dollar has declined ...
2007-09-16 10:17:00 -
UPDATE 1-Gold near 16-month high,focus on Fed rate meeting
Reuters UK - SINGAPORE, Sept 17 (Reuters) - Gold gained on bargain hunting on Monday, staying within sight of a 16-month high of $717 an ounce struck last week with expectations running high for the U.S. Federal Reserve to cut interest rates. The Fed is widely ...
2007-09-16 07:54:00 -
China 7-day repo rate set at 5.9410 pct vs 5.6700 pct
Forbes - CFETS began the daily fixing of overnight and seven-day repurchase rates in March 2006 to provide a reference for derivatives such as interest rate forwards, swaps and short-term interest rate futures. ivy.cheng@xinhuafinance.com ic/kmq xfnic/xfnkm ...
2007-09-16 09:27:00 -
Philippine shares close slightly higher ahead of Fed rate decision ...
Forbes - The question is whether the Fed will cut its key interest rate by 25 or 50 basis points, and whether it will remain open to further rate reductions if necessary in order to prevent the US economy from slipping into recession, he said. The ADB's report ...
2007-09-16 10:31:00 -
Gold near 16-month high, focus on Fed rate meeting
Reuters - SINGAPORE (Reuters) - Gold rose on Monday and stayed within sight of a 16-month high of $717 an ounce struck last week with expectations running high for the U.S. Federal Reserve to cut interest rates. The Fed is widely expected to trim its benchmark ...
2007-09-16 10:17:00 -
Treasuries Little Changed on Outlook for Quarter-Point Rate Cut
Bloomberg - Sept. 17 (Bloomberg) -- U.S. Treasuries were little changed, with two-year yields near the highest in a week, as speculation increased that the Federal Reserve will limit any interest-rate cut tomorrow to a quarter percentage point. Money-market ...
2007-09-16 09:41:00 -
Hong Kong shares end morning lower on profit taking, China rate hike ...
Forbes - HONG KONG (Thomson Financial) - Hong Kong shares finished Monday's morning session lower as investors locked in gains after the main index hit record highs last week. China's interest rate hike announced late Friday also triggered selling in banking ...
2007-09-16 10:38:00 -
China A-shares end morning higher as rate hike shrugged off
Forbes - SHANGHAI (XFN-ASIA) - China A-shares finished the morning session higher led by financials and steelmakers, with investors shrugging off China's latest interest rate hike. The central bank announced after market close Friday that it is raising ...
2007-09-16 10:02:00