Mortgage and Financial News From 2008-2-3 Page 15

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  • Death photo of war reporter Pyle found (Detroit Free Press)

    EDITOR'S NOTE: Richard Pyle, who has covered six wars for the Associated Press, is no relation to Ernie Pyle. NEW YORK - The figure in the photograph is clad in Army fatigues, boots and helmet, lying on his back in peaceful repose, folded hands holding a military cap. Except for a thin trickle of blood from the corner of his mouth, he could be asleep.
    2008-02-03 01:42:09

  • RPT-PREVIEW-S.Korea banks, brokerages to post strong earning (Reuters via Yahoo! Singapore News)

    (This is a repeat of previous story ahead of the release of Kookmin and Shinhan Financial Group's results on Monday)
    2008-02-03 02:30:21

  • Arab Banking’s profits dip on subprime woes (Gulf Times)

    DUBAI: Bahrain-based Arab Banking Corp has reported a decline in profit last year after setting aside $230mn to cover for US-related write-downs, one of the first Gulf banks affected by the subprime mortgage crisis.
    2008-02-03 03:37:34

  • Tricom accuses ASX of risky business

    News.com.au - The ASX has also ordered it to stop trading warrants and interest rate products, which Mr Rosenberg said was costing it one or two percentage points a day in lost revenue. He said the company was working with the ASX and would appoint the auditor ...
    2008-02-03 01:51:00

  • Paris end of Hobart

    News.com.au - This year he predicted people would still be able to buy a house in Tasmania for a "fair price", but more interest rate hikes would cool the market. In the December quarter, Devonport (68) Kingston (62) and Sandy Bay (52) recorded the most sales. Mr ...
    2008-02-03 02:27:00

  • Revisiting Hilton’s LBO

    Financial Times - Hilton’s interest rate hovers around 5.7 per cent, implying about $1.14bn in annual net interest costs. Internal projections call for earnings before interest, tax, depreciation and amortisation to hit $2bn in 2008. Given Hilton’s asset-light ...
    2008-02-03 11:21:00

  • Reports: Pub operator Punch Taverns in talks with rival Mitchells and ...

    CNBC - Mitchells and Butlers recently announced it had lost 274 million pounds (US$538 million; ??361 million) in a collapsed property deal and an interest rate hedge, leading to the resignation of its finance director. The group said it was launching a ...
    2008-02-03 01:44:00

  • Lebanese banking group calls for sharp rate cut to match US

    Lebanon Daily Star - BEIRUT: In line with the decision of the US Federal Reserve, the Association of Banks in Lebanon (ABL) has recommended cutting local interest rates on US dollar one-year deposits by 75 basis points, the secretary general of the ABL said on Sunday ...
    2008-02-03 01:16:00

  • Rates pain to hit Melbourne families

    News.com.au - Melbourne families are bracing themselves for an interest rate rise, with many preparing to tighten the purse strings yet again. The Herald Sun yesterday visited Pinewood Ave in Ringwood East. Many of those who live in the leafy street are older and ...
    2008-02-03 01:37:00

  • Wayne Swan: We feel your pain

    News.com.au - Notice how Kevin Rudd is letting Wayne Swan take all the flak for interest rate rises. None of the Swan or Rudd children will ever want for anything, the multi-millions their parents have "earned" from the taxpayer will keep them in luxury for the ...
    2008-02-03 01:51:00

  • Market poised to rise on sentiment

    News.com.au - AUSTRALIAN stock valuations are set to continue their upward trajectory this week following a strong Wall Street last week but an expected interest rate rise mid-week may dampen enthusiasm on the local bourse. The mooted mega-mergers of BHP and Rio ...
    2008-02-03 01:09:00

  • Pre-budget fall for home loan rates?

    Hindustan Times - Home loan interest rates are expected to fall in the weeks leading to the budget. After the HDFC reduced its interest rate by 25 basis points, ICICI Bank and other public sector banks are also thinking of reducing their interest rates by 25 to 50 ...
    2008-02-03 01:51:00

  • Reserve set to raise rates to 12-year high

    News.com.au - THE Reserve Bank's expected interest rate hike tomorrow will add about $1.6 billion to the annual cost of servicing home loans. The bank is considered almost certain to lift its cash rate by a quarter of a percentage point to 7 per cent following a ...
    2008-02-03 03:03:00

  • Interest rates set to hit 12-year high

    News.com.au - THE Reserve Bank's expected interest rate hike tomorrow will add about $1.6 billion to the annual cost of servicing home loans. The bank is considered almost certain to lift its cash rate by a quarter of a percentage point to 7 per cent following a ...
    2008-02-03 02:42:00

  • Gold May Rise as U.S. Interest-Rate Cuts Drive Dollar Lower

    Bloomberg - Feb. 4 (Bloomberg) -- Gold may rise on speculation the U.S. Federal Reserve's interest-rate cuts last month will erode the value of the dollar and boost the appeal of the precious metal. Seventeen of 26 traders, investors and analysts surveyed by ...
    2008-02-03 11:28:00

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