Mortgage and Financial News From 2008-6-11 Page 11
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South Africa: World Bank Upbeat On Economy (AllAfrica.com)
THE World Bank expects SA's economy to grow by a robust 4,2% this year, slightly above official estimates and surpassing consensus forecasts for a sharp slowdown prompted by higher interest rates, power shortages and global risk aversion.
2008-06-11 02:32:25 -
European Stocks Won't Recoup Losses in 2008, ING Says (Update1) (Bloomberg.com)
June 11 (Bloomberg) -- ING Groep NV strategists cut their 2008 estimate for the Dow Jones Stoxx 600 Index by 11 percent, forecasting that equities will remain near current levels after the European Central Bank suggested it may raise interest rates.
2008-06-11 02:41:28 -
Stormy markets blow builders' houses down - Guardian Unlimited
Analysts at Dresdner Kleinwort yesterday issued a severe wealth warning to investors in housebuilder Barratt: do not buy the shares; if you own any, cut your losses and sell now, and if you are shorting the stock think hard what might happen if the ...
2008-06-11 12:16:00 -
American Home Mortgage - Newsday
American Home Mortgage Investment Corp., a real estate investment trust based in Melville, filed for bankruptcy in 2007, a victim of tightening credit markets and the decreasing value of its loan portfolio. American Home is the first major lender ...
2008-06-09 04:53:00 -
RBS Profit Will Be `Satisfactory,' Helped by ABN Amro (Update2) - Bloomberg
June 11 (Bloomberg) -- Royal Bank of Scotland Group Plc , the U.K.'s second-biggest bank, said first-half profit will be ``satisfactory'' as it reduces bad loans in the U.K. and wrings costs out of ABN Amro Holding NV faster than forecast. RBS rose ...
2008-06-11 12:30:00 -
Some Buy a New Home to Bail on the Old - Wall Street Journal
Next month, Michelle Augustine plans to walk away from her four-bedroom house in a Sacramento, Calif., subdivision and let the property fall into foreclosure. But before doing so, she hopes to lock in the purchase of another home nearby. "I can find ...
2008-06-10 11:54:00 -
Tight credit won't slam home values - Seattle Times
Rising defaults and foreclosures and an oversupply of homes are more likely to stunt a real-estate recovery than tighter mortgage standards, lenders say. "I think improvement [in the real-estate market] can occur while standards are still this tight ...
2008-06-11 12:16:00 -
Maine-N.H. Seacoast drill features mines, explosion - Sun-Journal
Lt. Chad Naefken of the Canadian Navy talks about the Dorado, an unmanned underwater vehicle used to search for mines under water at the Portsmouth Naval Shipyard in Kittery, Maine, Tuesday, June 10, 2008. Canadian and U.S. military forces are ...
2008-06-09 05:57:00 -
European government bonds little changed as equities fall - FXStreet.com
LONDON (Thomson Financial) - European government bonds were little changed as the recent firm downward trend came to a brief halt, helped by falls on equity markets as well as profit-taking after steep falls on Monday. There is still little support ...
2008-06-10 05:32:00 -
For this broker, foreclosures spell boom (CNN Money)
For many real estate agents, these aren't exactly the best of times. Don't put David McIlvaine in that category.
2008-06-11 01:18:54 -
Wyo housing construction doesn't keep up (Casper Star-Tribune)
ROCK SPRINGS -- The Wyoming energy boom gave Richard Sherman a new job and a housing headache.
2008-06-11 01:31:49 -
Canada halts cuts amid inflation concerns - Financial Times
The Bank of Canada unexpectedly put a brake on falling interest rates on Tuesday, saying the risk of accelerating inflation now outweighed damage from the slowing US economy. The bank left its overnight lending rate unchanged at 3 per cent after four ...
2008-06-10 06:18:00 -
House building starts to shut down (icWales)
THE housing market slump has caused builders on some of Wales’ largest developments to down tools.
2008-06-11 01:34:20 -
Currency Rates Of Coffee Producing, Consuming Countries - FXStreet.com
Copyright 2008 Dow Jones & Company, Inc. The Dow Jones content is the property of Dow Jones or its licensors, and is protected by copyright and other intellectual property laws. If you are an individual, you agree not to store, copy, reproduce ...
2008-06-11 12:51:00 -
Barclays, Rensburg Sheppards, RBS: U.K., Irish Equity Preview (Bloomberg.com)
June 11 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets. Stock symbols are in parentheses, and prices are from the last market close.
2008-06-11 12:22:02