Mortgage and Financial News From 2007-9-24 Page 3

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  • HDFC cuts rate on floating home loans by 0.50%

    Economic Times - The new scheme, however, does not provide relief to customers who are already paying interest on floating rate loans, linked to the prime lending rate (presently 14%). The institution has decided not to change its prime lending rate, the benchmark ...
    2007-09-24 02:15:00

  • New $714m drought package for farmers

    News.com.au - The package comes on top of $430 million in exceptional circumstances funding announced by Prime Minister John Howard on ... Mr Cobb said there would be "an increase to the off-farm assets limit for access to the exceptional circumstances interest rate ...
    2007-09-24 09:39:00

  • Government unveils $714m drought rescue plan for farmers

    News.com.au - The package comes on top of $430 million in exceptional circumstances funding announced by Prime Minister John Howard on ... John Cobb said there would be "an increase to the off-farm assets limit for access to the exceptional circumstances interest rate ...
    2007-09-24 10:22:00

  • New drought package for farmers

    News.com.au - Ahead of an announcement by Prime Minister John Howard, Assistant Water Minister John Cobb told a drought summit in ... Mr Cobb said there would be "an increase to the off-farm assets limit for access to the exceptional circumstances interest rate ...
    2007-09-24 09:31:00

  • Australian Farmers to Get an Extra A$714 Million in Drought Aid

    Bloomberg - ... farmers battling the worst drought in a century will get an extra A$714 million ($617 million) in payments, Prime ... We have to make it easier to access household support and interest-rate support, which are subject to asset and income tests ...
    2007-09-24 10:57:00

  • Israeli premier faces criminal probe

    Los Angeles Times - ... general ordered police Monday to open a criminal probe into suspicions that Prime ... in 2005 tried to influence the sale of the government's controlling interest in ... for the purchase, $330,000 more than he would have received at the market rate ...
    2007-09-24 10:29:00

  • Dollar rises against sterling after hawkish comments from Fed official (AFP via Yahoo! News)

    The dollar strengthened against the pound Monday after a senior Fed official raised the prospect of another cut in interest rate by indicating that last week's 0.5 percent lowering prevented the US economy sliding into recession.
    2007-09-24 10:10:30

  • Fitch Expects to Rate Capital One Prime Auto Receivables Trust 2007-2; Presale Issued (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings expects to assign the following ratings to Capital One Prime Auto Receivables Trust 2007-2: $127,000,000 class A-1 'F1+'; $107,000,000 class A-2 'AAA'; $160,000,000 class A-3 'AAA'; $79,822,000 class A-4 'AAA'; $36,178,000 class B 'A'.
    2007-09-24 12:18:00

  • Fed rate cut a case of good news/bad news (Charleston Regional Business Journal)

    The half-point cut in interest rates by the Federal Reserve on Sept. 18, the first rate cut since 2003, is a good news/bad news scenario, said Tim Koch, a finance professor and chairman of the department of banking, finance, insurance and real estate at the University of South Carolina.
    2007-09-24 12:34:50

  • Fed's bold rate cut lauded (The Record)

    WASHINGTON -- It took more than four years, but borrowers and businesses finally got interest-rate relief.
    2007-09-24 10:44:34

  • Fed rate cut to harm consumer, seniors in long run (The Greyhound)

    If you looked at any of the papers last week, there is no doubt that you ran across a headline saying what a big deal it was that the Federal Reserve lowered the interest rate from 5.25 percent to 4.75 percent. All of a sudden people started yelling about the stock market, sub-prime mortgages, inflation, and recession.
    2007-09-24 07:07:58

  • Foxtel poised to deliver big returns

    The Australian - After more than 10 years of losses and reinvestment, Foxtel's earnings growth has forced it to refinance its balance sheet. Foxtel last year lifted earnings before interest, tax, depreciation and amortisation (EBITDA) 40per cent to $237 million ...
    2007-09-24 06:18:00

  • Fitch Rates American Tower Corp.'s Senior Unsecured Notes 'BB+'

    Forbes - Fitch Ratings has assigned a 'BB+' rating to American Tower Corporation's (AMT) proposed ten-year $250 million senior unsecured notes. Proceeds from the notes offering will be used to refinance existing indebtedness under the term loan facility since ...
    2007-09-24 07:20:00

  • Arsenal's move to bigger stadium pays off with record profits

    CBS Sportsline - However, the club's net profit dropped by nearly 64 percent to 2.82 million pounds (US$5.7 million; ?4.05 million) - from 7.9 million pounds a year ago - because it had to refinance long-term debt connected to building the new stadium. Arsenal sold ...
    2007-09-24 09:00:00

  • India's Essar Communications seeks $3.95 bln loan

    Reuters India - Vodafone, the world's second-largest mobile firm, earlier this year paid $11.1 billion for a controlling stake in Hutchison Essar from Hong Kong-based Hutchison Telecom International. Funds will also be used to refinance existing debt as well as to ...
    2007-09-24 10:54:00

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