Mortgage and Financial News From 2008-9-10 Page 01
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Dollar Rises as Higher-Yielding Currencies May Lose Advantage - Bloomberg
Sept. 11 (Bloomberg) -- The dollar rose to a one-year high against the euro on speculation slowing global economic growth will prompt central banks to lower interest rates, narrowing the yield disadvantage of holding U.S. assets. The U.S. currency ...
2008-09-10 10:12:00 -
Australian jobless rate falls to 5-month low - Financial Times
SYDNEY, Sept 11 - Australia’s jobless rate fell to a five-month low in August as employers created a lot more jobs than expected even as the economy cooled, giving policy makers extra reason to be cautious in easing interest rates. Thursday’s ...
2008-09-10 10:19:00 -
Surprise drop in jobless rate reduces rate cut chances - News.com.au
A SURPRISE drop in Australia's jobless rate lessens the chance of an October interest rate cut, economists say. The unemployment rate was a seasonally adjusted 4.1 per cent in August, down from an unrevised 4.3 per cent in July, figures from the ...
2008-09-10 10:12:00 -
Unemployment fall reduces interest rate cut chances - News.com.au
THE jobless rate unexpectedly shrank to 4.1 per cent in August, its lowest level in March and lessening the need for an imminent follow-up to this month's interest rate cut. New data shows the number of people employed also grew by a seasonally 14 ...
2008-09-10 10:12:00 -
Bollard Cuts New Zealand's Key Rate to 7.5%; Currency Tumbles - Bloomberg
Sept. 11 (Bloomberg) -- New Zealand's central bank cut its benchmark interest rate by a half point to 7.5 percent, more than forecast by most economists, saying the economy is in a recession and inflation will slow. The nation's currency dropped to a ...
2008-09-10 05:26:00 -
NZ Reserve Bank interest rate cut larger than expected - Xinhua News Agency
WELLINGTON, Sept. 11 (Xinhua) -- The New Zealand Reserve Bank on Thursday cut the official cash rate by half a percentage point, to 7.5 percent - a larger than expected drop. In his statement, Reserve Bank Governor Alan Bollard said the New Zealand ...
2008-09-10 05:19:00 -
S Korea's central bank freezes key rate at 5.25% for Sept. - Xinhua News Agency
SEOUL, Sept. 11 (Xinhua) -- South Korea's central bank said Thursday that it will leave the key interest rate for September unchanged reflecting the ease of inflation growth in the previous month. The Bank of Korea (BOK) Governor Lee Seong-tae and ...
2008-09-10 10:12:00 -
Business Briefs (The Oklahoman)
NATION Feds delay contract for refueling planesWASHINGTON — The Defense Department has again delayed plans to award a $35 billion contract for Air Force refueling planes, handing a victory to defense contractor Boeing Co. and leaving the politically charged decision for the next president. Defense Secretary Robert Gates told lawmakers Wednesday that he ended the current round of bidding on the ...
2008-09-10 10:39:16 -
Pending home sales in August lift hopes (Minneapolis-St. Paul Star Tribune)
The home-sales market remains weak, but a reduction in new listings helps sellers, and new purchase agreements were up 15 percent from August 2007.
2008-09-10 10:39:42 -
New workers, more drilling, drugs cited (The Oklahoman)
SNYDER, Texas — Less than two months into the job in the oil fields of West Texas, Brandon Garrett lost his life to a motorized spool of steel cable as he and other roughnecks struggled to get a drilling rig up and running. Garrett's death illustrates another soaring cost of America's unquenchable thirst for energy: Deaths among those working the nation's oil and gas fields have risen at an ...
2008-09-10 10:40:56 -
How to get the most out of life (Journal Inquirer)
A good friend called the other day and offered this comment, “I know you have been selling life insurance a long time, but I don’t recall a single column you have written on the subject. Any reason?”
2008-09-10 10:43:02 -
(AFX UK Focus) 2008-09-11 06:37 NZ dollar at 23-month low after rate cut; bonds up (Interactive Investor)
WELLINGTON, Sept 11 (Reuters) - The New Zealand dollar tumbled to a 23-month low on Thursday after the central bank cut interest rates by more than expected and pointed to further cuts to come.
2008-09-10 10:43:21 -
New Zealand Dollar Tumbles To 2-Year Low Against US Dollar On RBNZ Interest Rate Reduction (Nasdaq)
(RTTNews) - The New Zealand dollar tumbled to a 2-year low versus the US dollar as the Reserve Bank of New Zealand lowered its key interest rate by 50 basis points to 7.50 percent. The move surprised the economists who were widely expecting a 25 basis point cut.
2008-09-10 10:43:57 -
(AFX UK Focus) 2008-09-11 06:23 UPDATE 1-Brazil's central bank raises rates 4th time in row (Interactive Investor)
BRASILIA, Sept 10 (Reuters) - Brazil's central bank raised interest rates on Wednesday to their highest level in almost two years, lifting borrowing costs for the fourth time since April to keep inflation in check as the economy gains steam.
2008-09-10 10:45:00 -
Income tax on property sale (Business Standard India)
Either you can purchase a property with the proceeds or pay tax after indexation benefits, but only if the property sold had been held for more than three years.
2008-09-10 10:45:52