Mortgage and Financial News From 2008-7-10
Previous Day: 2008-07-09
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U.S. mortgage applications surge despite higher rates (Providence Business News)
WASHINGTON – The number of mortgage applications filed nationwide has risen for the second consecutive week, even as contract interest rates edged up, the Mortgage Bankers Association said today in its weekly report.
2008-07-09 09:34:35 -
Alcoa's earnings report sends the Dow higher, but oil is to blame for sending it back down (Schaeffers Research)
Alcoa's (AA: sentiment, chart, options) stronger-than-expected earnings report pushed U.S. stocks higher this morning, but the cheers were erased when oil too moved upward, forcing the market lower...( Read More )
2008-07-09 10:17:27 -
Stock Tumble on Fears for Economy, Earnings (BusinessWeek)
Major indexes each dropped over 2% Wednesday, led by a slump in financial stocks
2008-07-09 02:30:27 -
Lower oil prices would benefit Canada, analyst says - Vancouver Sun
OTTAWA -- Some easing of world oil prices would be in the best interests of the Canadian economy, reducing inflation pressures at home and abroad and energizing the oil-importing economies of Canada's trading partners, especially the United States, a ...
2008-07-10 12:53:00 -
N-powered PM to meet President - NDTV
Prime Minister Manmohan Singh is back in the midst of the political storm. He arrived in New Delhi shortly after midnight from Japan after attending the G8 Summit. Speaking to reporters on board the flight from Japan, Foreign Secretary Shiv Shankar ...
2008-07-10 01:36:00 -
Inflation worries don't faze Harper - Globe and Mail
OTTAWA and TOYAKO, JAPAN -- Concern about inflation has consumed financial markets, central bankers, global leaders and consumers around the world - but not Prime Minister Stephen Harper. "I'm not sure that we would say that inflation is the major ...
2008-07-09 08:21:00 -
Bank of Korea keeps key interest rate unchanged for 11th straight ... - Forbes
SEOUL (Thomson Financial) - South Korea's central bank on Thursday kept its key interest rate unchanged at 5.0 percent for the 11th straight month, which is also the highest in seven years, as it continues to strike a balance between growing ...
2008-07-09 10:22:00 -
2500 new homes for Gawler East - News.com.au
ABOUT 2500 new homes will be built in Adelaide's north after the State Government announced the release of a 219ha parcel of land at Gawler East. The land, bordered on one side by Calton and Balmoral Rd, was rezoned by the Government to allow for the ...
2008-07-09 10:58:00 -
Lost in the mist - Guardian Unlimited
As a symbol of how quickly a booming economy can turn to bust, the Windsor Hotel on the south-west tip of the island of Hokkaido is hard to beat. Conceived in the heady 1980s, by the time the mountain-top retreat was completed in 1993 Japan was mired ...
2008-07-10 01:14:00 -
DIARY - Germany - to August 14 - Reuters
----- GMT MEDIAN DATE GMT/LOCAL INDICATOR PERIOD F/CAST PRIOR 11JUL 0600/0800 Wholesale price index m/m Jun 0.9% 1.4% 11JUL 0600/0800 Wholesale price index y/y Jun 8.9% 8.1% 15JUL 0900/1100 ZEW-Current conditions ...
2008-07-10 12:10:00 -
NCA is 'a saving grace' (Pretoria News)
While the effects of the 13-month old National Credit Act (NCA) have had a detrimental effect on property sales, its introduction has outweighed many of its negative consequences, Jose de Abreu, a senior partner at De Abreu and Cohen Attorneys, said on Wednesday.
2008-07-09 11:10:47 -
10.07.2008 - DJ DGAP-Adhoc: Heidelberger Druckmaschinen AG: Heidelberg predicts difficult market conditions and adopts ... (4investors)
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
2008-07-09 11:13:53 -
King's Hands `Tied' as U.K. Economy Edges Closer to a Recession (Bloomberg.com)
July 10 (Bloomberg) -- Bank of England Governor Mervyn King may have little option other than to stand by and watch as the U.K. edges closer to its first recession in a generation.
2008-07-09 11:21:37 -
10-07-2008: Political risks to dominate headlines (The Edge Daily)
FOLLOWING the 10% correction over the past month, the KLCI is now trading below its historical support of 12 times forward PE. In view of the economic and political headwinds, we anticipate a lacklustre trading outlook for the KLCI in the near term.
2008-07-09 11:56:31 -
Education minister rated as best performing Cabinet member (The Jamaica Observer)
EDUCATION Minister Andrew Holness is perceived to be the best performing minister in the Jamaica Labour Party (JLP) Government, the latest Observer/Don Anderson Poll has shown.
2008-07-09 11:59:53