Mortgage and Financial News From 2008-10-4 Page 7
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PM's grim warning (Herald Sun)
AUSTRALIA'S decimated sharemarket is expected to fall further tomorrrow despite an historic US Government bailout of its insolvent financial institutions.
2008-10-04 07:00:00 -
Banks won't face pressure to cut rates (Daily Telegraph)
AFTER meeting with the RBA governor, Kevin Rudd looks unlikely to pressure banks into passing on any rate cuts next week.
2008-10-04 07:01:00 -
US bail-out can't ease anxieties (The Age)
Australian investors set for another rocky week after passage of bail-out fails to ease recession fears.
2008-10-04 07:14:00 -
IMF: Europe must act like U.S. on credit crisis (CNN)
Europe must show it can respond like the United States in the "trial by fire" of the global financial crisis, says International Monetary Fund head Dominique Strauss-Kahn.
2008-10-04 08:53:33 -
European Leaders Meet on Crisis, Focus on Oversight, Accounting (Bloomberg)
Oct. 4 (Bloomberg) -- European leaders, convening today on the global financial crisis, have so far agreed on only one thing: Europe likely won't emulate the response of the U.S., where Congress gave final approval to a $700 billion rescue yesterday.
2008-10-04 09:19:25 -
International Forecaster October 2008 (#2) - Gold, Silver, Economy + More (GoldSeek.com)
Well, what a surprise, we've been sold down the river for the usual "thirty pieces of silver" by our Congress and our President, working together in unison, for the nth time.
2008-10-04 10:58:25 -
Bridgeport: A light in foreclosure storm (Connecticut Post)
More and more families foundering in a sea of foreclosures are finding safe haven in Bridgeport."A woman called me from Haddam," said Rev. Marjorie Nunes, senior pastor at Summerfield United
2008-10-04 11:14:27 -
Archive (Greater Kashmir)
Before the government blocked Short Messaging Service (SMS) in June, the last text message my friend received was a life-shattering jolt to him. And he sobbed his heart out. I also shed a few consolatory tears.
2008-10-04 12:14:16 -
General Growth suspends dividend, explores options - TradingMarkets.com
The Chicago-based owner of Coral Ridge Mall in Coralville and Jordan Creek Town Center in West Des Moines has suspended its 50-cents-pershare quarterly common stock dividend and is exploring the possible sale of some assets as it faces a Nov. 28 debt ...
2008-10-04 05:59:00 -
NAB to refinance Allco's Rubicon Europe - West Online
Europe-focused commercial property vehicle Rubicon Europe Trust Group said it is proceeding with negotiations to extend a 50 million euro ($A89.01 million) debt facility with the loan originator, National Australia Bank. Rubicon Europe, which is ...
2008-09-30 07:32:00 -
GGP replaces financial officer - Baltimore Sun
Shares of General Growth Properties Inc. rose 27 percent yesterday after the Chicago-based mall owner said it replaced its chief financial officer and suspended dividend payments to weather the seizure in financial markets. The shares climbed $2.08 ...
2008-10-04 05:37:00 -
Advertisement starts (Tiscali)
as the government unexpectedly raised borrowing to help refinance the Bank of England’s loan to failing bank Northern Rock. "In the years of plenty they put nothing aside. They didn’t fix the roof when the sun was shining," Cameron said.
2008-10-04 06:27:52 -
Commercial Real Estate Faces `Reckoning,' Green Street Says (Bloomberg)
Oct. 3 (Bloomberg) -- U.S. commercial real estate owners will face rising delinquencies and defaults resulting from the lending bubble of 2005 to 2007 and the turmoil could last longer than the housing slump, Green Street Advisors Inc.
2008-10-04 06:43:57 -
Feds to let elderly woman return home (Moldova.org)
U.S. housing officials say they are forgiving the mortgage of a 90-year-old Ohio woman who shot herself as she was about to be evicted.Addie Polk of Akron remained hospitalized but was expected to recover from the chest wound she gave herself with a small-caliber gun Wednesday as Summit County sheriff's deputies arrived with eviction papers, The Akron (Ohio) Beacon Journal reported Saturday.Rep. ...
2008-10-04 10:09:56 -
Can emerging economies survive exit of cash? (The Globe and Mail)
Lehman failure sparked biggest withdrawal from emerging stocks since tracking began in 2002
2008-10-04 10:34:14