Mortgage and Financial News From 2008-6-20 Page 3
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Bankers expect further hike in CRR, repo rate (Express India)
With inflation touching 11.5% on Friday, bankers are now expecting stringent monetary measures to be taken by the Reserve Bank of India to check the rapidly rising inflation.
2008-06-20 01:42:45 -
Double-digit demon mauls stocks (The Telegraph)
Mumbai, June 20: Stocks sank as inflation worries spooked the markets, sending the sensex tumbling to its lowest closing level in 2008 at 14571.29 and wiping out Rs 1,68,007 crore of investor wealth.
2008-06-20 02:14:13 -
Stage set for early RBI action (The Telegraph)
Mumbai, June 20: The Reserve Bank of India (RBI) is unlikely to wait till the quarterly review due on July 29 to raise interest rates further.
2008-06-20 02:14:22 -
Will interest rates rise? (Hindustan Times)
With the inflation crossing 11 per cent, interest rates are set to rise, burning a hole in your pocket. The banks are expected to hike lending rates by at least one per cent soon. HDFC Bank has already hiked its prime lending rate (PLR) by 0.25 per cent.
2008-06-20 02:20:46 -
Inflation surge sets the stage for a hike in interest rates (Express India)
With the wholesale price index-based inflation rate touching a 13-year high by shooting past the 11 per cent mark...
2008-06-20 02:20:52 -
Ten-plus tempest - Price panic clouds Cong nuclear push (The Telegraph)
New Delhi, June 20: The economy is diagnosed with a double-digit affliction and the chief executive is laid low by a viral infection, the maladies striking together in the middle of a political crisis.
2008-06-20 02:26:28 -
Soaring worries for Manmohan Singh (The Times of India)
Will history repeat itself? It's a question that the Congress must be asking itself anxiously. But the fate of the country's economy too rests on the answer.
2008-06-20 04:15:20 -
Asian Currencies: Won, Ringgit Post Weekly Advance; Baht Slumps (Bloomberg.com)
June 21 (Bloomberg) -- Asian currencies posted a weekly gain, led by South Korea's won, on signs the government wants the exchange rate to strengthen after record oil prices pushed inflation to the fastest in seven years.
2008-06-20 04:41:55 -
Friday's Asia ADR Recap: Sohu.com (TheStreet.com)
These stocks from China and India are making moves and news in the U.S.
2008-06-20 05:02:31 -
The spectre of the Seventies - are we now facing another economic meltdown? (Evening Standard)
The gold-covered columns and urns were glistening brightly. The car-sized glass chandeliers dazzling. The City grandees were sipping fine wines and tucking into beetroot gravadlax as the statues of Alfred the Great and Alexander the Great looked down.
2008-06-20 05:22:57 -
Capmark doles out $19 million in project financing - Birmingham Business Journal
Capmark Finance Inc.'s Birmingham office said it recently provided more than $19 million in financing for numerous projects around the country. It provided $16 million in financing for the refinance of Oak Creek Village Apartments, a 501-unit complex ...
2008-06-20 12:29:00 -
Payzone says has secured its banking facilities - CNBC
LONDON (Thomson Financial) - Payzone Plc. said it has secured its banking facilities totaling 332 million euros, which it had entered into on Dec. 5 with the Royal Bank of Scotland. Of the 332 million euros, 291 million were drawn at March 31, 2008 ...
2008-06-20 02:14:00 -
Fitch Expects to Rate Synagro-Baltimore's Revenue Refunding Bonds 'BBB ... - PR Inside
- Fitch Ratings expects to assign a rating of 'BBB+' with a Stable Outlook to Synagro-Baltimore LLC's (Synagro) proposed issuance of $26.15 million tax-exempt series 2008 A and taxable series 2008 B revenue refunding bonds (the bonds). The Maryland ...
2008-06-20 02:52:00 -
Fitch Upgrades Rogers Communications IDR to 'BBB'; Outlook Stable - Forbes
The Rating Outlook is Stable. Approximately C$4.9 billion of debt securities are affected by these actions. The ratings upgrade reflects Rogers' continued strong financial performance that has led to a strengthening of its credit measures driven by ...
2008-06-20 09:52:00 -
European Stocks Fall on Earnings Concern; UBS, HBOS, Fiat Drop - Bloomberg
June 20 (Bloomberg) -- European stocks fell, sending the Dow Jones Stoxx 600 Index to a three-month low, as analysts forecast more losses at banks, carmakers said the market was deteriorating and oil jumped more than $4 a barrel. UBS AG and Deutsche ...
2008-06-20 11:32:00