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Interest Rates News

Could Senate's "Gang of Six" solve the debt crisis? Wednesday, July 20, 2011 @ 4:25AMPraised by President Obama as the most "balanced" approach to a Republican compromise, the Gang of Six's deficit reduction plan would immediately cut $500 billion in spending with the goal of reducing overall spending by $4 trillion over the next decade.
No change in Bank's vote on rates Wednesday, July 20, 2011 @ 4:24AMBank of England policymakers voted seven to two in favour of holding interest rates at 0.5% at their July meeting, minutes show.
Economists' reactions to June CPI Wednesday, July 20, 2011 @ 4:21AMThe increase in South Africa's consumer price index (CPI), which is used by the SA Reserve Bank (SARB) for its inflation target, was 5.0% year on year (y/y) in June, from 4.6% y/y in May, Statistics SA (Stats SA) said on Wednesday.
Animal control agencies slam door on public scrutiny Wednesday, July 20, 2011 @ 4:21AMThere's an epidemic spreading through the nation's animal control shelters, and it's not something a vaccination can prevent. It's an epidemic of secrecy. Consider this: Animal control is a government function, paid for with your tax dollars. It's work done...
Fuel strike threatens taxi industry Wednesday, July 20, 2011 @ 4:15AMFuel shortages caused by the prolonged strike among petroleum sector workers has hampered its operations, says the taxi industry.
GBP/USD Rises As QE2 in Britain is Off the Table Wednesday, July 20, 2011 @ 4:14AMGBP/USD moves higher, as there is no imminent danger of a new quantitative easing program. Regarding the rates: 7 members voted in favor of no change, and 2 voted for a hike, as expected.
Bank minutes say chance of near-term rate rise diminished Wednesday, July 20, 2011 @ 4:14AMLONDON, July 20 (Reuters) - The Bank of England's Monetary Policy Committee judged that recent economic weakness had reduced the chance that interest rates would need to rise in the near term, minutes to the Bank's July meeting showed on Wednesday.
Banks, miners lead FTSE gains as hopes grow for U.S. deal Wednesday, July 20, 2011 @ 4:14AMBy David Brett
Researchers present new trends in HIV cure research, call for proactive outreach programs to prevent HIV transmission ... Wednesday, July 20, 2011 @ 4:14AM( International AIDS Society ) Researchers speaking on the final day of IAS 2011 have focused on the growing interest in the scientific path to an HIV cure.
US debt hopes boost European shares Wednesday, July 20, 2011 @ 4:12AM* FTSEurofirst 300 rises 0.8 pct * Handelsbanken up on strong profit * BHP, other miners rise LONDON, July 20 (Reuters) - European share prices rose onWednesday, building on gains made in the previous ...
Entrepreneuring youth Tuesday, July 19, 2011 @ 11:19PMIt was a setting familiar to most college business students: Precious Tucker stood at the front of a classroom, delivering her elevator pitch. The elevator pitch is that classic speech designed to let entrepreneurs explain their business plans to executives in 30 seconds or less -- if necessary, as the lesson goes, within the time constraints of an elevator ride.
Personal Finance: Earlier defaults made U.S. borrowing costlier Tuesday, July 19, 2011 @ 11:15PMThere has been much speculation as to the events that will unfold if the United States actually defaults on its debt in early August as a result of failing to raise the debt ceiling.
Improved Academic Performance Focus of New Duluth Schools Superintendent Tuesday, July 19, 2011 @ 11:14PMDuluth, MN (Northland's NewsCenter) - Duluth's new superintendent of Schools I.V. Foster opened his first school board meeting Tuesday night emphasizing the need to improve student academic performance
US War Debt Dances on the Ceiling Tuesday, July 19, 2011 @ 11:13PMThis article appeared in The Asia Times on July 20, 2011. Just how much have America's wars in Afghanistan and Iraq cost since 2001? The truth is that we don't yet know.
S.C. bond rating could fall Tuesday, July 19, 2011 @ 11:12PMMoody's Investors Service warned Tuesday that it probably will lower the credit rating on five states, including South Carolina, if it downgrades the U.S. government's credit rating. The credit rating agency said it has placed on review for possible downgrade the triple-A bond ratings of ...
Bollard urged to show poker face at OCR review Tuesday, July 19, 2011 @ 11:09PMThere is too much evidence of a sharp slowdown in global growth for the Reserve Bank of New Zealand to risk signalling an interest rate rise at next Thursday's scheduled review of the Official Cash Rate, says Goldman Sachs New Zealand...
T-Mobile Unveils Affordable and Worry-Free Unlimited Data Plans Tuesday, July 19, 2011 @ 11:04PMBELLEVUE, Wash.--(BUSINESS WIRE)--T-Mobile USA, Inc. today announced new Value plans, making it more affordable than ever to step up to data on America’s Largest 4G Network™. Featuring flexible pricing for unlimited data and available with affordable monthly payments on any of T-Mobile’s phones and mobile broadband devices, including the latest 4G smartphones and tablets, the new Value plans ...
Nikkei rises, techs gain after Apple results Tuesday, July 19, 2011 @ 11:02PMThe Nikkei average posted its biggest daily jump in a month to trade above 10,000 with tech shares climbing on strong earnings from Apple Inc.
Dighton residents voice concerns with current water district taxes Tuesday, July 19, 2011 @ 11:00PMAbout 20 Dighton residents voiced their frustrations during a public forum Monday night organized by two state legislators representing the town, venting anger about a water tax they believe has been unfairly imposed upon them for four years.
A new model for Europe's economy Tuesday, July 19, 2011 @ 11:00PMWith last week's tumult in Italian markets, the European financial crisis has entered a new and far more dangerous phase, threatening both European monetary integration and the global recovery.
6 senators push bipartisan plan to cut deficit Tuesday, July 19, 2011 @ 6:08PMWASHINGTON (AP) — The bipartisan "Gang of Six" senators on Tuesday offered a major plan to cut the deficit by almost $4 trillion over the coming decade, but whether it can break through the budget deb
Big bucks spent on budget cutters Tuesday, July 19, 2011 @ 6:06PMIt seems as if I’ll be paying more for fewer government services if the congressional Republicans win on their deficit-reduction plan [“Top budget hawks are top spenders, too,” News, July 19].
Scots piling on debt just to stay afloat Tuesday, July 19, 2011 @ 6:04PMThousands of Scots struggling to make it to payday each month are spiralling deeper into debt by taking out expensive loans to bridge the gap.
Savage Begins Construction of "Crude Oil by Rail" Terminal Tuesday, July 19, 2011 @ 6:04PMSALT LAKE CITY--(BUSINESS WIRE)--Savage Companies (Savage) today announced that construction is underway for a multi-user rail terminal served by the Burlington Northern Santa Fe Railway in Trenton, N.D., bringing delivery of crude oil by rail from the Bakken shale oil formation (the Bakken). “This facility is a win-win for producers who want to get their product to specific markets and for ...
Pinnacle Financial Expands Profitability in Second Quarter 2011 Tuesday, July 19, 2011 @ 6:04PMNASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today reported that its net income per fully diluted common share available to common stockholders was $0.14 for the quarter ended June 30, 2011, compared to net loss per fully diluted common share available to common stockholders of $0.85 for the quarter ended June 30, 2010, and net income per fully diluted ...
Indiana's credit secure amid debt worry Tuesday, July 19, 2011 @ 6:02PMMoody's Investors Service warned Tuesday that it probably will lower the credit rating on five states if it downgrades the U.S. government's credit rating. However, Indiana is among the few states... Read more at www.WISHTV.com
Some scholars argue Congress can't impose debt limit on president Tuesday, July 19, 2011 @ 6:02PMThe debt ceiling debate in Washington raises economic and constitutional questions that are not easily answered.
Wells Fargo turns to cost cuts as recovery stalls Tuesday, July 19, 2011 @ 12:04PMWells Fargo 2nd-qtr profit jumps 30 pct; turns to cost cutting as economy continues to sputter
Gold price tops $1,600 Tuesday, July 19, 2011 @ 12:03PMELKO — Gold prices broke another barrier Monday as prices closed above $1,600 an ounce on continued worries about the U.S. economy and sovereign debt in Europe.
Dora Expected To Be Hurricane In Hours Tuesday, July 19, 2011 @ 12:02PM(CNN) -- Tropical Storm Dora is expected to be a hurricane within hours as it moves up the Mexican Coast, the National Hurricane Center said Tuesday. By 8 a.m. Thursday, Dora's winds are forecast to reach 125 miles per hour, making it a major hurricane, according to the hurricane center.
US Banks Are Missing From Bond Market After Earnings Tuesday, July 19, 2011 @ 11:58AMUS Banks Are Missing From Bond Market After Earnings
Canadian Markets: Canada stocks gain on strong commodities Tuesday, July 19, 2011 @ 11:57AMStrong metal and oil stocks lift the TSX Composite Index Tuesday as the loonie rallies on expectations of eventual rate hike.
BofA reports US$8.8b loss in Q2 Tuesday, July 19, 2011 @ 11:52AMCHARLOTTE (North Carolina): Bank of America Corp reported its biggest-ever quarterly loss - US$8.8 billion (RM26.5 billion) - as low interest rates squeezed lending margins at the largest US bank. The loss was widely expected after the bank said in June that it settled with mortgage bond investors for US$8.5 billion (RM25.6 billion) and was taking more than US$14 billion (RM42.1 billion) of ...
Wells Fargo 2Q profit leaps 30 pct; defaults drop Tuesday, July 19, 2011 @ 11:51AMThe number of uncollected loans and credit card bills dropped sharply, enabling the bank to release a big chunk of money.
Canadian dollar rises ahead of Bank of Canada interest rate announcement Tuesday, July 19, 2011 @ 7:53AMTORONTO - The Canadian dollar was up Tuesday ahead of the Bank of Canada's announcement on interest rates. The loonie rose 0.4 of a cent to 104.69 cents US with analysts expecting the central bank to leave its key rate unchanged at one per cent.
Tri-City home sales down this year Tuesday, July 19, 2011 @ 7:50AMAlthough loan interest rates remain low and the Tri-City economy remains strong, home sales could en
State Street reports quarterly profit up 19 percent Tuesday, July 19, 2011 @ 7:50AMState Street Corp. said its second-quarter earnings rose 19 percent on higher fees, benefits from acquisitions...
Multicultural Chamber expected to answer audit questions today Tuesday, July 19, 2011 @ 7:45AMThe Tennessee Multicultural Chamber of Commerce will face the City Council Tuesday evening to respond to questions about the organization's spending.
Brazil June Unemployment Falls to Lowest Level Since January on New Hiring Tuesday, July 19, 2011 @ 7:43AMBrazil’s unemployment rate fell to its lowest rate since January, as companies continued to hire to meet growing demand.
Financial stocks lead TSX lower Tuesday, July 19, 2011 @ 7:43AMThe Toronto stock market closed lower but gold stocks helped check losses as the precious metal moved further into record territory as traders sought safe havens amid worries about government debt.
Analysis - Govt faces fresh deficit threat as economy falters Tuesday, July 19, 2011 @ 7:43AMBy Sven Egenter
TSX set to open higher on positive earnings Tuesday, July 19, 2011 @ 7:43AMOil and mining stocks will likely support the Toronto stock market at the open amid rising crude and copper prices.
Canadian Dollar Steady Against Majors; Bank Of Canada Rate Decision Eyed Tuesday, July 19, 2011 @ 7:41AMThe Canadian dollar leveled off against the currencies of the U.S. and Japan in early trading on Tuesday ahead of the closely watched Bank of Canada interest decision, which is scheduled at 9:00 am ET.
Friend your way to better travel Tuesday, July 19, 2011 @ 7:40AMIn addition to receiving recommendations from Facebook friends, Gekko users can query the larger community, compare prices via 40 booking partners and even request a better deal from specific hotels.
Former CBO Director: Debt Ceiling Impacts All Families Monday, July 18, 2011 @ 11:52PMDouglas Holtz-Eakin says failure to raise the debt ceiling would affect everyday expenses of all Americans Coburn Raises Stakes in Debt Talks With $9T Plan States in Budget Surpluses ... Why Not Congress? Obama Threatens to Veto 'Cut, Cap and Balance'
What happens to markets if the US defaults? Monday, July 18, 2011 @ 11:52PMNEW YORK (AP) — Time is running out for Washington to raise the country's borrowing limit and avoid a default. Wall Street isn't panicking yet. But if the unthinkable happens, a default could strike financial markets like an earthquake.
3 Companies Slashing Their Debt Monday, July 18, 2011 @ 11:45PMAs policy makers haggle over raising America's borrowing limit, these companies are paying off what they owe.
How investors can prepare for possible financial crisis Monday, July 18, 2011 @ 11:42PMCHICAGO -- How do you prepare for a financial cataclysm that may not happen?
Studies find L.A. teacher turnover higher at charters Monday, July 18, 2011 @ 11:41PMTeacher turnover is up to three times higher at Los Angeles' charter schools than at traditional campuses, even while student enrollment continues to grow at the independently run campuses, according to two studies.
GOP: Constitutional amendment necessary to block spendthrifts Monday, July 18, 2011 @ 11:41PMWASHINGTON -- Republican lawmakers moved ahead Monday on a doomed plan to amend the U.S. Constitution to require a balanced federal budget, one day after President Barack Obama met with the top two House GOP leaders in hopes of reaching a debt-limit agreement that could win approval from the hostile House.