Mortgage and Financial News From 2007-9-13 Page 16

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  • Stocks rally amid hopes for a rate cut

    MSNBC - The 13-nation currency fetched $1.392 amid expectations for a U.S. interest rate cut. The rise in jobless claims follows last week’s reading on August payrolls, which declined for the first time in four years and sent stocks plummeting amid worries ...
    2007-09-13 07:25:00

  • Polish Zloty Gains Versus Dollar on Interest Rate Speculation

    Bloomberg - Sept. 13 (Bloomberg) -- Poland's zloty rose to its highest against the dollar for more than 11 years as investors bet interest rates in the country will rise while the borrowing costs in the U.S. will fall, boosting the attractiveness of higher ...
    2007-09-13 03:58:00

  • German shares in positive territory as US jobless data boosts hopes ...

    CNBC - Local traders said jobless data -- and with it increased assurances of an expected quarter percentage point interest rate cut next Tuesday -- were helping to offset negative effects of a record high exchange rate of the euro versus the US dollar and ...
    2007-09-13 07:11:00

  • Swiss National Bank raises interest rates a quarter percentage point

    CNBC - ZURICH, Switzerland - The Swiss National Bank raised its key interest rate by a quarter of a percentage point Thursday. Switzerland's central bank said it decided at its quarterly policy-setting meeting to raise rates to 2.75 percent from the ...
    2007-09-13 06:28:00

  • DATAWATCH SNB's rate hike addresses domestic concerns; demonstrates ...

    CNBC - ZURICH (Thomson Financial) - The Swiss National Bank's latest interest rate hike, its eighth consecutive rise in less than two years, underlines the central bank's primary concern with domestic issues such as inflation and persisting weakness of the ...
    2007-09-13 06:57:00

  • Turkish Central Bank Unexpectedly Cuts Benchmark Rate to 17.25%

    Bloomberg - Sept. 13 (Bloomberg) -- Turkey's central bank unexpectedly lowered its benchmark interest rate by a quarter point, the first cut for more than a year, after economic growth slowed in the second quarter. The Ankara-based bank cut its overnight ...
    2007-09-13 08:30:00

  • New Zealand central bank leaves interest rate at 8.25 per cent (EARTHtimes.org)

    Wellington - New Zealand's central bank, which had raised its benchmark interest rate four times this year in a bid to dampen a booming economy and contain inflation, left the rate at 8.25 per cent Thursday in a scheduled review of monetary policy. R...
    2007-09-12 03:07:09

  • Kuwait lowers repo rate ahead of US interest cut (Gulf Daily News)

    DUBAI: Kuwait, the Middle East's fourth-largest oil exporter, cut its repo rate by 25 basis points yesterday to 5.25 per cent, ahead of an expected interest rate cut in the United States next week.
    2007-09-12 06:18:26

  • Interest rate rises at an end for now? (NZCity)

    13 September 2007 The Reserve Bank is hinting that it may not have to raise interest rates further in the near future. The bank has issued its quarterly Monetary Policy Statement and is keeping the official rate unchanged at 8.25 percent.
    2007-09-12 03:23:01

  • Norwegian central bank sees more interest rate rises, pressure on banks (Sharewatch)

    OSLO (Thomson Financial) - Norway's central bank said it saw more interest rate increases ahead, putting pressure on the country's banks to maintain their previous levels of profits.
    2007-09-13 03:15:49

  • New Zealand Leaves Key Interest Rate Unchanged at Record High (Bloomberg.com)

    Sept. 13 (Bloomberg) -- New Zealand's central bank left the benchmark interest rate unchanged at a record high 8.25 percent, saying a declining currency and higher prices for commodity exports will stoke the economy and fan inflation.
    2007-09-12 02:22:01

  • Expected US Interest Rate Cut Will Not Affect M'sia, Says Zeti (Bernama)

    KUALA LUMPUR, Sept 13 (Bernama) -- The expected US interest rate cut will not affect the local economy as Malaysia's interest rate level is determined by its own market conditions, Bank Negara Malaysia's governor Tan Sri Dr Zeti Akhtar Aziz said today.
    2007-09-13 01:40:04

  • Swiss Central Bank Hikes Key Interest Rate; Aims To Calm Money Market (Nasdaq)

    (RTTNews) - The Swiss central bank raised its key interest rate on Thursday.
    2007-09-13 05:55:32

  • Swiss Central Bank Hikes Key Interest Rate, Market Turmoil "Scarcely Affected" Inflation Outlook (Nasdaq)

    (RTTNews) - The Swiss central bank on Thursday raised its key interest rate to limit inflation. The recent market turbulence could not distract the central bank from raising rates this time.
    2007-09-13 08:10:52

  • Swiss Bank Hikes Interest Rate (AP via Yahoo! Finance)

    The Swiss National Bank raised its key interest rate by a quarter of a percentage point Thursday. Switzerland's central bank said it decided at its quarterly policy-setting meeting to raise rates to 2.75 percent from the previous 2.5 percent.
    2007-09-13 09:06:09

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