Finance counsels

The U.K. Treasury should rule out creating a government-backed agency like Fannie Mae of the U.S. to bolster mortgage funding, a study for Chancellor of the Exchequer Alistair Darling will show today.
Former HBOS Plc Chief Executive James Crosby, who was asked by Darling in April to consider improvements to the home-loan market, will […]

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Japan's exports fell for the first time in more than four years as demand for cars and electronics cooled, signaling the U.S. slowdown is spreading to the emerging markets that helped sustain growth.
Exports decreased 1.7 percent in June from a year earlier, the Finance Ministry said today in Tokyo. The median estimate of […]

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Organizers of the annual Easter Seals Hawaii Chefs du Jour hope the appearance of "Iron Chef" Hiroyuki Sakai at this year's fundraiser will help raise $200,000 for the charity, topping last year's net sales of $192,000.
The Chefs de Jour event takes place on Saturday, June 21, in Tamarind Park.
Chefs du […]

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As Federal Reserve Chairman Ben S. Bernanke prepares to deliver his first economic address in two months, the central bank's optimism that inflation is abating and growth will start to pick up has been dashed by the unexpected surge in oil prices.
The 13 percent jump in crude oil since policy makers last met […]

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United Auto Workers officials on Sunday urged American Axle & Manufacturing Holdings Inc (AXL.N: Quote, Profile, Research) workers to ratify a contract that would cut wages by almost 40 percent, shutter three plants and end a three-month-old strike with a subsidy of $218 million from General Motors Corp (GM.N: Quote, Profile, Research).
Some 3,650 […]

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China's trade surplus jumped more than economists estimated in January, a sign that the world's fourth-biggest economy may keep powering global growth as a recession looms in the U.S.
The gap widened 23 percent from a year earlier to $19.5 billion, the customs bureau said on its Web site today. That was more […]

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PATERSON, NJ-The Community Preservation Corp., a not-for-profit mortgage lender, has provided New Horizon Joint Venture with a $1.8-million loan to develop six low-income, two-family homes in the fourth ward here. The homes will be located on three vacant sites on Summer St., Hamilton St. and 12th Ave. The sites are close to Paterson’s downtown business […]

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On Thursday 13 December 2007 first direct launched a market-leading two-year fixed rate offset mortgage priced at 4.99% (6.6% APR). The rate is a limited offer.
Following the fixed rate period, it reverts to a competitive standard variable rate of 6.50% - a full 1% lower than the equivalent rate from Halifax.
Over 10% of the direct […]

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The dollar rose Wednesday against the euro and the British pound after a report showed U.S. workers’ productivity hitting its fastest pace in four years.
Traders were also looking ahead to Thursday’s interest rate decisions by the European Central Bank and Bank of England.
Analysts expect both banks are likely to keep their interest rates unchanged at […]

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The federal government and several large mortgage lenders have a plan to freeze loan rates for certain subprime borrowers. The Wall Street Journal writes that ‘The Bush administration and major financial institutions are close to agreeing on a plan that would temporarily freeze interest rates on certain troubled subprime home loans.”
Among the financial institution […]

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