Mortgage and Financial News From 2008-7-14 Page 10
Previous Day: 2008-07-13
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Axis Bank Profit Rises 89% on Lending, Fees in India (Update1) - Bloomberg
July 14 (Bloomberg) -- Axis Bank Ltd. , India's fourth- biggest by market value, said first-quarter profit rose 89 percent as it earned more from increased lending to companies and advisory fees. Net income rose to 3.3 billion rupees ($77 million) in ...
2008-07-14 02:28:00 -
NZ retail sales tumble as economy cools further - Guardian Unlimited
WELLINGTON, July 14 (Reuters) - New Zealand's retail sales fell at their steepest pace in more than four years in May, while the housing market and services sector weakened further, putting pressure on the central bank to cut interest rates soon. The ...
2008-07-13 08:45:00 -
S.Korea c.bank zeroes in on inflation, new FX steps - Guardian Unlimited
SEOUL, July 14 (Reuters) - South Korea's central bank on Monday underlined that containing inflation was its number one priority, fanning speculation of a near-term rise in interest rates, while the government took fresh steps to prop up the won. Kim ...
2008-07-14 03:25:00 -
Bank of England can do little about inflation in current climate, King ... - Guardian Unlimited
The Bank of England can do little about rising inflation in the current economic climate, the Bank's governor Mervyn King, said today as he doused speculation that the central bank might want to raise interest rates . In the Bank's annual report King ...
2008-07-14 09:23:00 -
Five areas where you can save money (Belleville News-Democrat)
Everywhere you turn, it seems there's another pinch in the pocketbook. From gas to groceries, everyone's getting hit by higher prices.
2008-07-14 10:55:05 -
Great Plains Energy Completes Acquisition of Aquila (Business Wire via Yahoo! Finance)
KANSAS CITY, Mo.----Great Plains Energy today announced the completion of its acquisition of Aquila, Inc. . Beginning today, Aquila's Missouri electric utility business will operate under the brand name of Great Plains Energy's subsidiary, KCP&L.
2008-07-14 11:05:00 -
Inflation to remain in double-digit this year: IEG (The Economic Times)
Institute of Economic Growth opines inflation would remain in double digit this year, while suggesting the RBI to intervene in the forex market to moderate price rise.
2008-07-14 11:10:19 -
Vaaldiam Resources Ltd.: Record Diamond Price of $800 Per Carat for Chapada Production (CCNMatthews via Yahoo! Finance)
TORONTO, ONTARIO-- - Vaaldiam Resources Ltd. reports that the latest diamond sale from its 100% owned Chapada Diamond Mine, in the State of Mato Grosso, Brazil achieved a record price of US$ 800 per carat.
2008-07-14 11:31:31 -
Law would fingerprint mortgage officers - San Jose Mercury News
WASHINGTON - Should your mortgage loan officer have fingerprints on file in a national electronic database, even if he or she has never been convicted of a crime? Should you be able to go to a Web site to check out your lender or mortgage broker's ...
2008-07-13 07:09:00 -
Axis Bank Q1 net up 89% despite higher provisions (Business Standard India)
Axis Bank said its net profit shot up by over 88.67 per cent to Rs 330.14 crore in the first quarter of this financial year despite a steep rise in the non-tax provisions.
2008-07-14 11:36:34 -
Mortgages: More expensive, more scarce (CNN Money)
The fate of Fannie Mae and Freddie Mac may be hanging in the balance but many mortgage borrowers already find themselves struggling to find affordable loans.
2008-07-14 11:43:33 -
5 Key Events for the Forex Market This Week 07.14.08 (Daily FX)
The US dollar, British pound, euro, and Canadian dollar ALL face significant event risk this week. However, volatility may be contained to two days, as the most important releases will hit the wires on Tuesday and Wednesday.
2008-07-14 11:47:28 -
Analysts Say More Banks Will Fail - New York Times
As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail over the next year. But after a large mortgage lender in California collapsed late Friday, Wall Street analysts began ...
2008-07-14 04:01:00 -
Puke & Dummy Spit (Kitco.com)
This resource and gold stock correction has hit full dummy spit status as investors take flight from shrinking portfolio values. In fact after weeks and months of down hill indicies action it now resembles a total puke as gold stocks have been spat out of portfolios.
2008-07-14 11:51:13 -
M&T Bank shares hit 8-year low on 2Q results (AP via Yahoo! Finance)
Shares of M&T Bank Corp. hit an eight-year low Monday after the regional bank said its second-quarter profit fell 25 percent as it set aside $100 million to cover bad loans.
2008-07-14 11:54:30