Mortgage and Financial News From 2008-6-6 Page 4
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Oil Rises to Record on Weakening Dollar, Morgan Stanley Outlook - Bloomberg
June 6 (Bloomberg) -- Crude oil surged more than $10 a barrel to a record as the dollar weakened after the U.S. unemployment rate grew the most in two decades and Morgan Stanley said prices may reach $150 within a month. Oil may ``spike'' because ...
2008-06-06 01:43:00 -
Madrid shares lower after ECB head hints at rate hike; banks down ... - Forbes
MADRID (Thomson Financial) - Share prices closed lower after hawkish comments by ECB head Jean-Claude Trichet which hinted at a possible interest rate hike as soon as July to combat rising inflation, with banks down, while Inditex was up. The IBEX-35 ...
2008-06-05 10:24:00 -
New York Money Market Rate Indications - FXStreet.com
New York Money Market Rate Indications Bankers acceptances at 3:48 p.m. New York time. 1M 2.55 2M 2.65 3M 2.70 6M 2.90 9M 3.10 1Y 4.25 Federal funds: days high 2.03; low 1.96; latest bid 1.93; offered 2.00 prime lending rate at ...
2008-06-06 12:53:00 -
Stocks, Dollar Fall, Bonds Rise as U.S. Jobless Rate, Oil Surge - Bloomberg
June 6 (Bloomberg) -- The Dow Jones Industrial Average fell the most in 15 months, the dollar slid to a one-week low and Treasuries rallied after unemployment and fuel prices surged, heightening speculation the U.S. faces a protracted recession. U.S ...
2008-06-06 03:23:00 -
It isn't love - but private equity and banks' marriages are convenient - Daily Telegraph
What does it mean when private equity groups buy into banks, a sector they have traditionally steered clear of? This week, Texas Pacific Group took a 23pc stake in troubled Bradford & Bingley, and private equity firms are reported to be circling ...
2008-06-06 04:42:00 -
PA Governor Rendell Says $8 Million Investment Will Spur Economic, Job ... - Forbes
HARRISBURG, Pa. , June 6 /PRNewswire-USNewswire/ -- A start-up company creating 139 jobs in Forest City, a new building and 16 new jobs for a fire-ravaged cider mill outside of Erie, and a new building for an advanced technology project in Lower ...
2008-06-06 01:07:00 -
Commentary: Confusing signals on prevention of new Northern Rock - Times Online
The noises from Threadneedle Street and Whitehall over how future Northern Rocks are to be prevented remain deeply confusing. Alistair Darling seems to want to do for financial stability what Gordon Brown, his boss, did for monetary policy 11 years ...
2008-06-06 01:43:00 -
Rents rise in tight market - The Province
Strong demand for apartments across B.C. and limited rental construction are pushing rents higher, a new survey by Canada Mortgage and Housing Corp. shows. B.C. accounted for four of five Canadian cities with the lowest overall vacancy rates ...
2008-06-06 12:07:00 -
Rental vacancy drops lower than B.C. average (Nanaimo Daily News)
The fact that vacancy rates for rental units in Nanaimo have decreased during the past year comes as no surprise to Andrew Tucker.
2008-06-06 09:46:58 -
Foreclosures hit a record high (Southeast Missourian)
roughly 447,723 loans fell into foreclosure during the January-to-March period
2008-06-06 10:19:28 -
Long View: For good or ill, banks' fate tied to wider market (FT.com via Yahoo! News)
It is almost like a bank run. Investors have lost their confidence in banks.
2008-06-06 10:30:10 -
Vacancy rates edge down across Canada (Windsor Star)
OTTAWA - Vacancy rates edged down to 2.6 per cent in April from 2.8 per cent a year ago, as resilience in the Canadian economy continued to drive demand for rental accommodation, says the Canadian Mortgage and Housing Corporation.
2008-06-06 10:35:43 -
Democratic National Committee - John McCain: Fundamentally Wrong on the Economy (PR Newswire via Yahoo! News)
The following is being issued by the Democratic National Committee:
2008-06-06 12:11:00 -
Weak US jobs data spurs gold to 1-week high (Khaleej Times)
LONDON - Gold jumped on Friday to a 1-week high as the dollar fell against the euro after data showed a sharp rise in the U.S. unemployment rate and equity markets slipped on worries about economic growth.
2008-06-06 01:32:20 -
Fundamentals and Technicals (GoldSeek.com)
Frankly, the Fundamentals for Equities remain atrocious; Real annual GDP is running at a negative 2%, Real Consumer Price Inflation at more than 11%, Real unemployment at over 13%, and Real M3 is increasing at over 16% (all annualized figures) according to the highly credible calculations of shadowstats.com.
2008-06-06 01:47:53