Mortgage and Financial News From 2007-12-3 Page 27
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RBS to reveal extent of credit crisis exposure
Financial Times - The UK’s second-largest bank is due to issue the update on Thursday. It will give details of its exposure to US subprime mortgages losses and collateralised debt obligations. Analysts have forecast that RBS, which recently led the acquisition of ...
2007-12-02 12:22:00 -
Pensions deficit narrows by £38bn
Guardian Unlimited - This is the second year the 200 schemes included in the survey have reduced their deficits by more than £30bn, and on ... The schemes have benefited from the recent credit crunch, which followed problems with sub-prime mortgages in the US. Companies ...
2007-12-03 03:02:00 -
U.S. corporate profits slide, raising risk of recession
International Herald Tribune - ... as measured by the Commerce Department, fell at an annual rate of $19.3 billion in the third quarter from the second, as ... financial sector, where operating earnings fell 25 percent, as banks and brokers were hurt by losses from subprime mortgages ...
2007-12-03 03:31:00 -
BOJ Chief Cautious About Global Economy
Forbes - Fukui said the BOJ needs to watch whether the U.S. credit crisis, triggered by defaults in risky mortgages, puts a dent in ... in the third quarter dipped 1.2 percent from a year ago to 13.9 trillion yen (US$125 billion; euro85 billion), the second ...
2007-12-03 02:48:00 -
Blumenauer grabs the ways and means to power
Oregonian - ... Means bill that eliminated a tax that homeowners face when their mortgages are foreclosed or a bank forgives part of their debt. Republicans who supported the bill still attacked it for being funded by tightening rules for writing off sales of second ...
2007-12-02 11:56:00 -
Japan's Nikkei Falls on Yen, Spending Report; Canon Drops
Bloomberg - ... after the yen strengthened versus the dollar and a report showed corporate investment in the country fell for a second ... Under the terms of the deal, homeowners who can afford an increase on their mortgages, as well as those who don't ``have the ...
2007-12-02 10:44:00 -
Crash that 'won't happen here' looms large
Guardian Unlimited - But another four - "it won't happen here" - come a close second. Investors can always find umpteen reasons to explain why ... the heavily exposed buy-to-let sector, which has grown from virtually nothing to account for 8% of all outstanding mortgages ...
2007-12-03 12:46:00 -
Moody's May Cut Ratings on $105 Billion of SIVs as Values Sink
Bloomberg - Dec. 3 (Bloomberg) -- Moody's Investors Service is preparing the biggest credit rating cuts since subprime mortgages ... decline in value,'' said Ira Jersey, an interest-rate strategist in New York at Credit Suisse Group, Switzerland's second ...
2007-12-02 11:49:00 -
Binariang Plans Biggest Malaysian Bond Sale for Maxis (Update2)
Bloomberg - Ananda Krishnan, the second-richest man in Malaysia, hired ABN Amro Holding NV and CIMB Investment Bank Bhd. to arrange the ... fund its buyout of Maxis, the nation's biggest mobile-phone company, as losses in securities linked to U.S. subprime mortgages ...
2007-12-03 01:50:00 -
Renault to Delay Samurai Bond Sale Until Next Year (Update1)
Bloomberg - Dec. 3 (Bloomberg) -- Renault SA, France's second-largest automaker, will delay a sale of yen-denominated bonds until early ... globally become more reluctant to lend due to losses related to securities hit by rising defaults on U.S. subprime mortgages ...
2007-12-03 12:39:00 -
Under the Sun | Diminishing optimism over weakening dollar
Philadelphia Inquirer - The weak dollar has raised the threat of inflation, leading to higher interest rates on long-term loans and resulting in fewer housing purchases, plus fewer second mortgages to finance home improvements and other purchases. One bright spot about the ...
2007-12-02 11:49:00 -
European Mining Stocks, Rio Fall; Vivendi, WPP Group Advance (Bloomberg.com)
Dec. 3 (Bloomberg) -- European mining stocks declined, following the biggest weekly gain in two months, as copper prices retreated. Rio Tinto Group and Anglo American Plc dropped.
2007-12-03 03:28:51 -
Bali Climate Change Summit Begins (Time.com via Yahoo! News)
So the UN's Bali summit begins. Delegates from over 180 nations have arrived on the Indonesian island to hammer out a meaningful and workable new global climate change pact. "The eyes of the world are upon you. There is a huge responsibility for Bali to deliver," Yvo de Boer, executive secretary of the conference, told delegates.
2007-12-03 12:25:42 -
Adelaide Bank pushes interest rates higher (Crikey)
The return of the credit crunch and the rise in short term money market interest rates has produced the second round of non-Reserve Bank driven rate rises from a major bank.
2007-12-02 06:08:42 -
BoJ chief: Global economy may worsen (CNN Money)
Head of Japan's central bank expects slowing U.S. economy to drag on worldwide growth.
2007-12-03 02:41:20