Mortgage and Financial News From 2007-9-19 Page 3

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  • FOREX-Dollar gains on Fed rate cut, stocks advance

    Reuters - NEW YORK, Sept 19 (Reuters) - The dollar rose from a 15-year low against a basket of currencies on Wednesday as investors bet the Federal Reserve's deep interest rate cut the previous session will help boost a slowing U.S. economy. The Fed slashed ...
    2007-09-19 03:04:00

  • Australian dollar at 6-week high, targets US86c

    News.com.au - THE Australian dollar had more muscle at noon, reaching its highest level in six weeks, as the US interest rate cut continued to spur demand for high-yielding currencies. The domestic currency is tipped to sail past the 86 US cent mark this afternoon ...
    2007-09-19 07:57:00

  • U.S. STOCKS - Wall Street rallies for 2nd day after Fed rate cut

    Reuters India - Shares of mortgage finance companies, drug makers and manufacturers led the broad-based advance after the Fed cut the benchmark interest rate by a half-percentage point, the largest reduction in nearly five years. Shares of Boeing Co, a company that ...
    2007-09-19 05:05:00

  • Credit Markets Show Revival After Rate Cut

    Wall Street Journal - Tuesday's half-percentage-point interest-rate cut continued to have a salubrious effect on the markets, with corporate borrowers suddenly getting access to capital. A rush of companies issued bonds. Lehman Brothers Holdings Inc. and General Electric ...
    2007-09-19 09:23:00

  • ADR Report-Shares rally again on U.S. rate cut, CNOOC shines

    Reuters - NEW YORK, Sept 19 (Reuters) - U.S.-listed shares of overseas companies climbed to a seven-week high on Wednesday as the aggressive interest-rate cut by the U.S. Federal Reserve expected to help the world's biggest economy from further weakness. The ...
    2007-09-19 03:39:00

  • Housing Troubles Dealt the Fed A Unique Market

    Washington Post - The decision by the Federal Reserve to cut a key interest rate by a half percentage point was spurred by concerns that the market's woes are far different from major meltdowns in recent years. The crashes of 1987 and 1998 started in the stock and ...
    2007-09-19 09:16:00

  • Asian Currencies Gain as Sentiment for Region's Assets Improves

    Bloomberg - Sept. 20 (Bloomberg) -- Asian currencies rose on speculation an interest-rate cut in the U.S. will ease investor concern about a global economic slowdown, boosting demand for assets that carry more perceived risk. The Indonesian rupiah and Philippine ...
    2007-09-19 09:44:00

  • Rate-cut rally lifts exporters in Asia

    International Herald Tribune - HONG KONG : A half percentage point cut in U.S. interest rates buoyed the spirits of Asian stock markets and exporters Wednesday, but it also fanned fears that the world's biggest economy could be well down the road to recession. Leading share ...
    2007-09-19 05:27:00

  • Asian Markets Open Higher, Extending Rate Cut Rally

    CNBC - Asian markets opened the Thursday session flat to higher with Japan and Australia extending Wednesday's rally sparked by the U.S. Federal Reserve's hefty 50-basis point interest rate cuts. 
    2007-09-19 05:12:00

  • Fed's rate cut reduces likelihood of recession, bank expert says

    AZCentral.com - This week's interest-rate cut reduces the likelihood of a recession but doesn't yet get the economy out of the woods. That's the assessment of James Glassman, a senior economist at JPMorgan Chase. "I don't want to dismiss the idea of a recession, but ...
    2007-09-19 07:36:00

  • European stocks rally on U.S. interest rate cut

    Reuters - LONDON, Sept 19 (Reuters) - European equities surged on Wednesday, joining the global equities rally, after the U.S. Federal Reserve cut its key interest rate by a bigger than expected 0.5 percentage point and boosted confidence in troubled financial ...
    2007-09-19 03:39:00

  • Taiwan May Increase Interest Rate to 3.25% to Damp Inflation

    Bloomberg - Sept. 20 (Bloomberg) -- Taiwan's central bank will probably raise its benchmark interest rate for the 13th straight quarter to damp inflation and stem an outflow of investment overseas. Governor Perng Fai-nan and his policy makers will increase the ...
    2007-09-19 04:22:00

  • Yuan strengthens after U.S. rate cut

    Xinhua News Agency - BEIJING, Sept. 20 -- RMB strengthened against the U.S. dollar on Wednesday after the Federal Reserve cut the prime interest rate by 50 basis points on Tuesday. Before trading started on Wednesday morning, the People's Bank of China (PBOC) set the ...
    2007-09-19 06:46:00

  • China 7-day repo rate set at 6.6700 pct vs 6.4589 pct

    Forbes - CFETS began the daily fixing of overnight and seven-day repurchase rates in March 2006 to provide a reference for derivatives such as interest rate forwards, swaps and short-term interest rate futures. ivy.cheng@xinhuafinance.com ic/kmq xfnic/xfnkm ...
    2007-09-19 09:44:00

  • Shanghai Copper Advances on U.S. Rate Cut; Zinc, Aluminum Gain

    Bloomberg - Sept. 20 (Bloomberg) -- Copper rose in Shanghai on speculation demand for the metal will rise because this week's interest rate cut by the U.S. Federal Reserve will help contain a housing slump in the world's largest economy. The Fed cut its ...
    2007-09-19 09:44:00

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