Mortgage and Financial News From 2008-2-4 Page 18

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  • K-Asset aiming for 15-20% portfolio growth (Bangkok Post)

    Kasikorn Asset Management, the country's second-largest mutual fund company company, is aiming for portfolio growth of 15% to 20% this year.
    2008-02-04 07:01:52

  • Banks race to attract deposits (Bangkok Post)

    Major banks have been launching new deposit products offering higher interest rates to raise short-term liquidity.
    2008-02-04 07:02:00

  • Inflation rate disparity may delay GCC MU (Khaleej Times)

    DUBAI — Glaring disparities in inflation rates among member countries may undermine the convergence of GCC economies and threaten to delay monetary union.
    2008-02-04 07:07:06

  • New bank governor keeping mum despite advice from old governor about openness (MSN Money Canada)

    EDMONTON - The incoming governor of the Bank of Canada is keeping his plans tightly under wraps, even after attending a speech by his predecessor about the merits of improving openness and communication in the financial community.
    2008-02-04 07:13:59

  • Yen Near Three-Week Low Versus Australian Dollar as RBA Meets (Bloomberg.com)

    Feb. 5 (Bloomberg) -- The yen traded near a three-week low against the Australian dollar on speculation the Reserve Bank of Australia will raise its benchmark interest rate today.
    2008-02-04 07:16:29

  • SingTel's Q3 net profit falls on lack of exceptionals, ops robust - UPDATE (Sharewatch)

    SINGAPORE (Thomson Financial) - Singapore Telecommunications Ltd (SingTel) said Tuesday its third quarter to December net profit fell 4.2 percent to 952 million Singapore dollars compared to the year ago level, when Southeast Asia's biggest telco booked 144 million dollars in exceptional gains.
    2008-02-04 07:20:41

  • Financials lead stocks lower

    MSN MoneyCentral - ... Express, brokerages cut ratings on shares of Wells Fargo & Co. , the No. 2 U.S. mortgage lender, and Wachovia Corp , the fourth-largest U.S. bank. Wells Fargo fell 5.3 percent to $31.88 and Wachovia slid 6 percent to $36.43. Luxury home ...
    2008-02-04 10:23:00

  • Amex, Wachovia, Wells downgraded on loan worries

    Guardian Unlimited - He wrote that home prices are falling much faster than expected in California, where the fourth- and fifth-largest U.S. banks have large operations. Wachovia, which bought mortgage lender Golden West Financial Corp in October 2006, may have to more ...
    2008-02-04 11:56:00

  • Market falls as downgrades fuel recession fears

    CNBC - ... with a report showing slower-than-expected factory orders, hurt economically sensitive sectors such as banks, home ... Brokerages cut shares of Wells Fargo & Co. , the No. 2 U.S. mortgage lender, whose stock fell 6.7 percent to $31.39, and ...
    2008-02-04 02:33:00

  • American Express Drags Down Blue Chips

    CNBC - Merrill analyst Ed Najarian wrote that home prices are falling much faster than expected in California, where both Wells Fargo and Wachovia have large operations. Wachovia, which bought mortgage lender Golden West Financial Corp in October 2006, may ...
    2008-02-04 01:22:00

  • Rise in repossessions forecast

    Financial Times - Paul Walshe, head of lender services at Moore Blatch, said the average shortfall was about 15-20 ... questioned expected to see an increase in the number of buy-to-let landlords suing their mortgage brokers for bad advice this year. The number of home ...
    2008-02-04 05:32:00

  • Olivant quits Northern Rock rescue race

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa ... raises the risk that none of the suitors will come up with a suitable offer and the bank, Britain's fifth biggest mortgage lender ...
    2008-02-04 09:33:00

  • ICICI Bank to fund home loans up to Rs 20 lakh

    Business Standard - ICICI Bank, the country’s second largest mortgage lender, has decided to split its home loan business between the bank and its wholly owned subsidiary, ICICI Home Finance Company. The bank plans to finance home loans only up to Rs 20 lakh, which ...
    2008-02-04 10:37:00

  • Virgin and Northern Rock In, Olivant Out

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... leaving Richard Branson's Virgin Group and an in-house management team in the running for control of the stricken mortgage lender.
    2008-02-04 12:03:00

  • Westpac Investor Update - Sydney Morning Herald

    Westpac Investor UpdateSydney Morning Herald, Australia - 4 hours ago7 Problems spread to structured securities backed by sub-prime loans, including collateralised debt obligations (CDOs) and residential mortgage-backed ...
    2008-02-04 02:43:15

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