Bank inflation forecasts leave door open for rate cut Aug 13, 2008
"While we believe that the August Inflation Report has opened the door to future interest rate cuts by setting out an implicit easing bias, we do not expect a move from the BoE any time soon," said Matthew Sharratt, economist at Bank of America. PAIN AHEAD. (International Herald Tribune -- Business)
RONA Announces Results for Second Quarter 2008 Aug 12, 2008
The following table presents the financial liability instalments payable when contractually due, excluding future interest payments but including accrued interest as at June 29, 2008. Carrying Less than 1 - 2 3 - 4 5 years amount 1 year years years and more -------------------------------------------------------------------------- Revolving credit $114,312 $- $- $114,312 $- Debentures 400,000 - - - 400,000 Mortgage loans and balance of purchase price 55,721 25,375 12,913 10,002 7,431 Obligations... (CCNMatthews Press Releases)
Fortis Reports Second Quarter Earnings of $29 Million Aug 8, 2008
The interest rate swaps are valued at the present value of future cash flows based on published forward future interest rate curves. The foreign exchange forward contract is valued using the present value of future cash flows based on published forward future foreign exchange market rate curves. (CCNMatthews Press Releases)
If In Debt, Experts Say Don't Dip Into 401k Aug 5, 2008
The thing you have to remember is that anytime you take out a loan against your 401k, you're losing that future interest that you would have been gaining on that income. That's probably the most important thing, is that you're borrowing against your future," Lombardo said.Lombardo said there are a few times when borrowing against a 401k might be a good idea. These include if you're buying your primary residence, or if you're going back to school. He also said that there are other financing... (KIRO TV, WA)
Treasury says New Zealand economy in recession Aug 5, 2008
He said there were positive factors influencing a turnaround, including increased dairy and farming incomes, tax cuts and future interest rate falls. Treasury said inflation had risen to 4 percent in June, above forecasts, and was expected to peak at 5 percent in September but would ease with continuing weak growth. (International Herald Tribune)
Federal Trust Corporation Announces 2008 Second Quarter Results Jul 26, 2008
The payments brought all of the loans current and provided additional deposited reserves for one year of future interest payments. The majority of these loans are for vacant land in the Florida panhandle. (PR Newswire)
ECB's Trichet Sees Region's Growth Resuming Toward Year-End After `Trough' Jul 19, 2008
The ECB has ``no further indication'' for ``future interest rates. . (Bloomberg -- Germany)
First South Bancorp, Inc. Reports June 30, 2008 Quarterly and Six Months Earnings Jul 18, 2008
The Company executed these sale transactions to support a more balanced sensitivity to future interest rate changes. The Company also experienced growth in noninterest income across both loan and deposit service offerings. (PR Newswire)
Where Will Lightning Strike: X-ray Source Key Jul 16, 2008
One area of future interest, he said, is whether lightning strikes to airplanes could produce X-rays harmful to passengers. Adapted from materials provided by. (Science Daily)
'People are worried,' Bernanke acknowledges Jul 16, 2008
" Bernanke gave no clue as to future interest rate policy, saying the central bank must closely watch incoming data on both inflation and growth. The Fed is next scheduled to meet on interest rates on Aug. 5. Bernanke said the depressed housing market is the central economic issue, creating stress in financial markets and affecting consumer wealth. The best move Congress could make would be to approve legislation helping consumers refinance out of troubled mortgages, set a stronger regulator for... (USA Today -- Money)
Woes mount: Economic arrows point toward prolonged pain Jul 16, 2008
The combination of galloping prices and stagnant activity leaves Fed officials with a tough call on future interest rate moves. If anemic growth were the only problem, the Fed could cut interest rates to jump-start economic activity. (USA Today -- Money)
Dollar gains strength, sending oil plummeting Jul 8, 2008
The dollar's fluctuating trade followed less-than-hawkish comments from the European Central Bank on its future interest rate course, and dour industrial production figures from Germany and Britain. The 15-nation euro bought $1. (San Diego Union-Tribune)
Asian currencies down against dollar Jul 6, 2008
Asian currencies mostly down against dollar- Global Markets-Markets-The Economic Times. Asian currencies mostly down against dollar6 Jul, 2008, 0843 hrs IST, AGENCIES. (India Times)
Dollar up ahead of ECB rate decision Jul 3, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
US rates expected to stay at 2% Jun 25, 2008
Although no change in rates is expected on Wednesday, investors will watch closely for any accompanying statements from the Fed for an indication of what its future interest rate policy might be, our correspondent says. Housing slump. (BBC News -- Americas)
Dollar Falls Against the Euro Jun 21, 2008
The ECB is under scrutiny for hints on its future interest rate course before a meeting next month at which many expect it to raise rates. European Central Bank president Jean-Claude Trichet was scheduled to speak at a Belgian financial event Friday evening, while executive board member Juergen Stark was to speak in Germany. (ABC News -- Wire)
Dollar falls as financial worries escalate Jun 21, 2008
The European Central Bank is under scrutiny for hints on its future interest rate direction before a meeting next month. Many expect it to raise rates. (San Diego Union-Tribune -- Business)
Dollar falls as oil prices steady Jun 20, 2008
The ECB is under scrutiny for hints on its future interest rate course before a meeting next month at which many expect it to raise rates. The ECB said earlier this month that it could raise interest rates by a small amount as early as its next meeting to combat rising inflation in the 15-nation euro zone. (San Diego Union-Tribune -- Business)
John Lott: Is It Really a '$3 Trillion War'? Jun 17, 2008
If the money is borrowed, you can t count both the current expenditure and the future interest payments because taxpayers don t have to pay directly now for the current expenditures. It is only when they pay off the interest that they will really pay the bill. (Fox News)
Rate pressure eased Jun 12, 2008
Credit Suisse's gauge of future interest rates moves halved, cutting its prediction of two rate rises in one year's time prior to today's jobs data to just one. The index also showed that expecations of a rate rise at the RBA's next board meeting in July halved from 10% to 5. (Sydney Morning Herald -- Entertainment)
Treasurys Tick Higher as Stocks Tumble Jun 12, 2008
And on Tuesday, Treasury slid as many investors interpreted a speech by Federal Reserve Chairman Ben Bernanke as suggestive of future interest rate hikes. His words were echoed in a speech Wednesday by Fed Vice Chairman Donald Kohn Wednesday, which kept some selling pressure on Treasurys. (ABC News -- Wire)
Shock jobs slump Jun 12, 2008
Australia economy jobs Reserve Bank. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Fed hints at no more US rate cuts Jun 4, 2008
"By emphasising the dollar, a role previously assigned to the Treasury secretary, [Mr Bernanke] seems to have injected a new policy constraint that may increase in importance as a determinant of future interest rate changes," said Bill Gross, chief investment officer at Pacific Investment Management. US light, sweet crude slipped to $124. (BBC News -- Americas)
Liffe offers new money market options May 16, 2008
Liffe, the international derivatives exchange, is launching new money market products amid growing concerns over the London Interbank Offered Rate the benchmark for global borrowing costs as a reference for future interest rates. Banks will be able to trade futures contracts linked to the Sterling Overnight Indexed Average, or Sonia, and the Euro Overnight Indexed Average, or Eonia, on the London-based exchange from next month. (FT.com -- Markets)
Foreclosure flood: 1,000 auctions per day in California May 15, 2008
So why take your chances with future interest rates and values. It's crazy to rationalize the purchase of a house now with "low interest rates" then take on a loan that you will most certainly abandon. (Yahoo News -- Real Estate)
C-FB ISD announces principal assignment shifts May 15, 2008
By refunding those bonds now, it s just like refinancing your house; we re able to lower our interest rate and save over a million dollars in future interest rates. Contact Senitra Horbrook at 972-628-4074 or. (McKinney Courier-Gazette, TX)
Enerplus announces 2008 first quarter results May 9, 2008
In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the following: the volumes and estimated value of the Fund's oil and gas reserves; the life of the Fund's reserves; the volume and product mix of the Fund's oil and gas production; future oil and natural gas prices and the Fund's commodity risk management programs; the amount of future asset retirement obligations; future liquidity and financial capacity; future... (Canada Newswire)
EMCORE Corporation Announces Preliminary Unaudited Results for its Second Quarter Ended March 31, 2008 May 8, 2008
The Notes conversion resulted in a reduction of future interest payments of approximately $4. 7 million, on an annual basis, through May 2011. (PR Newswire)
Fall in eurozone retail sales May 8, 2008
The decline in eurozone retail sales puts the European Central Bank (ECB) in a dilemma regarding future interest rates. With eurozone inflation now at a record 3. (BBC News -- Europe)
First Defiance Announces 2008 First Quarter Earnings Apr 22, 2008
These forward-looking statements involve numerous risks and uncertainties, including those inherent in general and local banking, insurance and mortgage conditions, competitive factors specific to markets in which the Company and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions or capital market conditions and other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission (SEC) filings, including the... (PR Newswire)
Ebay forces Aussie buyers to use Paypal Apr 11, 2008
They will lose my business and any future interest in selling as opposed to buying. posted by : Fred, 10 April 2008. (Inquirer)
Bernanke: Recession possible Apr 4, 2008
Yet Federal Reserve chairman won't tip his hand on future interest rate cuts. WASHINGTON - Ben Bernanke knows a recession when he sees one, and he's starting to sound like that's just what he expects to see. (Casa Grande Valley Newspapers, AZ)
Most Pessimistic Testimony Yet: Fed Chief Says 'Recession Is Possible' Apr 3, 2008
The Federal Reserve Chairman Did Not Hint at Any Future Interest Rate Cuts. By JEANNINE AVERSA AP Economics WriterApril 2, 2008. (ABC News -- Business)
GCSD takes next step in getting back Long Gulch funds Mar 26, 2008
If the balance remains unpaid after April, the county gets to keep any future interest and penalties accrued. Yosemite Club Partners defaulted on a 2005 deed of trust on the land and still owes more than $4. (The Union Democrat)
Red Robin unit arranges interest rate swap Mar 20, 2008
An interest-rate swap is an agreement between two parties, whereby one stream of future interest payments is exchanged for another. Swaps often exchange a fixed payment for a floating, or variable, payment linked to an interest rate such as the London Inter Bank Offering Rate (LIBOR). (Denver Business Journal, CO)
Board revises school calendar Mar 20, 2008
The total savings after this refinancing will be approximately 500,034 towards the future interest on the bonds. L.J. Hart of L.J. Hart and Company presented the proposal to the board. (Park Hills Daily Journal, MO)
UK inflation soars to a nine-month high Mar 18, 2008
That pushed the rate well above the government's official inflation target of two per cent and leaves the Bank of England in a tricky position for future interest rate decisions. Almost all economists say benchmark rates need to be trimmed from their current level of 5. (Sydney Morning Herald -- Business)
Fact Sheet: Taking Responsible Action to Help Homeowners and the Economy Mar 15, 2008
In order to increase safeguards for homeowners, Federal regulators have proposed new guidelines that would require lenders to provide borrowers with complete and accurate information about their mortgages including the possibility of changes in future interest rates. The Administration Is Taking Additional Long-Term Steps To Protect American Homeowners. (White House News Releases)
Advantage Announces Release of Fourth Quarter and Year Ended December 31, 2007 Financial Results and Reserves Mar 7, 2008
These estimates are significant and can include reserves, future production rates, future crude oil and natural gas prices, future costs, future interest rates, future tax rates and other relevant assumptions ... These estimates are significant and include proved and probable reserves, future production rates, future crude oil and natural gas prices, future costs, future interest rates, fair value assessments, and other relevant assumptions. (PR Newswire)
Dollar Falls in Europe, Canada, Japan Mar 5, 2008
Michael Woolfolk, senior currency strategist at the Bank of New York, said traders will be looking for indications about future interest rate moves from the European Central Bank on Thursday, when ECB staff economists will also unveil inflation projections for 2009. While the Federal Reserve has cut rates in an attempt to loosen the credit squeeze, the ECB has so far been reluctant to do so over worries about accelerating inflation. (ABC News -- Wire)
Euro falls back from all-time high against dollar as traders eye signals on US interest rates Mar 4, 2008
50 mark as traders looked for indications about future interest rate moves from Washington ... Traders were looking ahead Tuesday to speeches by several U.S. Federal Reserve officials, including Chairman Ben Bernanke, for indications on how they were leaning on future interest rate moves. (International Herald Tribune)
Provident Bankshares Corporation Anticipates Additional Write-Downs In Investment Portfolio Feb 27, 2008
These anticipated write downs result from the Company's analysis of the individual securities' credit risk surrounding the residential mortgage and homebuilding industries and the risk with respect to collection of future interest or principal payments on the securities. In addition, based upon the ongoing credit analysis of the Company's non- agency mortgage backed securities portfolio, the Company may realize additional impairment charges on some or all of $14. (PR Newswire)
Penn West announces fourth quarter and year end results Feb 22, 2008
From time to time, we may increase the certainty of our future interest rates by entering fixed interest rate debt instruments or by using financial instruments to swap floating interest rates for fixed rates or to collar interest rates. In April 2006, we entered into interest rate swaps for two years at 4. (PR Newswire)
Chinese bonds signalearly end to 'tight' money Feb 22, 2008
The decline in long-term rates tends to be relatively smaller as monetary stimulus can potentially lead to an eventual rise in inflation, which reduces the value of future interest payments in real terms. The downward shift in the Chinese yield curve, on the other hand, is hard to interpret as a response to monetary tightening. (Asia Times Online)
After setting new record, oil futures gyrate on profit-taking, stock market's rebound Feb 21, 2008
That jump may mean the Federal Reserve will limit the size of future interest rate cuts. The Commerce Department, meanwhile, said construction of new homes and apartments rose by 0. (San Diego Union-Tribune -- Business)
Easy independent books equate to success Feb 19, 2008
Forcing a child to stumble through works that are too difficult may ultimately stymie future interest. Today s reviewed books are great choices for independent readers of various ages/abilities. (Coos Bay-North Bend The World, OR)
China shares blame for crisis, Carney says Feb 19, 2008
" The high level of the dollar has probably had a bigger effect on dampening inflation in Canada than the central bank has allowed for in the past, Mr. Carney suggested. Until now, the central bank has argued that the effect of a rising currency doesn't really influence inflation because retailers are setting prices based on global competition. But there is evidence that some Canadian retailers - especially car dealers and book stores - are adjusting prices because of competition due to the... (Globe and Mail)
Retail data to damp UK rate cut prospects Feb 13, 2008
The producer price inflation figures saw money markets scale back forecasts of future interest rate cuts. Economists predicted that data due out Tuesday on consumer inflation, and Wednesdays Bank of England quarterly inflation report, would also signal a slower pace of rate cuts. (FT.com -- Markets)
German trade surplus shrinking Feb 9, 2008
Matters may now improve because the euro has been falling this week after the head of the European Central Bank hinted at future interest rate cuts. Comparing German exports this December to those in the same month one year ago, exports were flat, the first time there has been no growth since November 2003. (BBC News -- Europe)
Stockland's shares sink despite profit gain Feb 6, 2008
He predicted that future interest rate rises would not hurt Stockland's residential business as there was still ``structural undersupply in our key markets. Mr Quinn said increasing contributions from Stockland's apartment and retirement business would give it even greater market share of the broader residential sector. (Sydney Morning Herald -- Business)
Hidden Rate Swap Fees by JPMorgan, Morgan Stanley Hit Pennsylvania Schools Feb 2, 2008
The value of the swap hinged on four factors: the length of time before the option was exercised, credit market expectations of future interest rates, the relationship between a fixed rate to be paid by Erie and changing interest rates and volatility of lending rates. The bank could choose to exercise or decline the option. (Bloomberg)
Bernanke hitsthe joy button Jan 31, 2008
Asia Times Online :: Asian news and current affairs. Bernanke hits the joy buttonBy Julian Delasantellis. (Asia Times Online)
Japanese government in securitisation first Jan 30, 2008
The main advantage of securitisation is that it allows the government to reduce the risk of a higher future interest rate, according to the MoF. The government raises funds by issuing JGBs and provides long-term loans to special public institutions at fixed rates. If interest rates rise, as they are likely to eventually, the government could face paying more for its borrowing than it receives on its loans. (FT.com -- Markets)
Young pilots have nowhere to fly Jan 27, 2008
"Basic training practices and future interest depend on how and where he got trained. Ill-reputed ones from the Philippines, for example, get weeded out at the interview stage itself.". Another disadvantage for fresh CPL holders is that some airlines have started their own cadet programmes. (India Times, India)
Investing: Fed's move Jan 25, 2008
Utilities are so sensitive to interest rates that analysts regard a rise in utility stock prices as a good indicator of future interest rate cuts. Real estate investment trusts, which suffered a 17. (USA Today -- Money)
Pittsburg faces large number of 'big' projects Jan 24, 2008
"We know that we're under right now, and sometimes, you worry about future interest rates and things like that. But for right now, we're doing pretty well.". One mill is equal to $1 for every $1,000 of a property's assessed valuation. (SunOnline)
Fulton school board refunds bonds Jan 16, 2008
55 million portion callable on that date if the Series 1999 bonds, garnering the district a net savings in future interest expense of approximately 214,396. According to a press release, those savings combined with the 101,867 savings from the Series 2004 refunding bring the district's savings from the original 5 million Series 1999 bond issue to approximately 316, 263 without increasing the debt service fund levy. (Fulton Sun, MO)
Oil falls on recession speculation Jan 13, 2008
"If anything, the market's failure to rally on events like the tanker attack, or the prospect of future interest rate cuts to forestall an economic downturn, helps underscore the extent to which the market has turned bearish," said Tim Evans, an analyst at Citigroup, in a research note. At the pump, meanwhile, gas prices fell 0. (Yahoo News -- Oil and Gas)
US outlook worse, Fed boss says Jan 11, 2008
US stocks were boosted by the news as investors were buoyed by the prospect of future interest rate cuts. The Dow Jones industrial average added 117. (BBC News -- Americas)
Eyes Wide Open: Expenses Most Irrational Mainak Dhar's take on the EMI phenomenon Dec 25, 2007
Knowing it was a loan made my sister even more worried as she went through the details including the exorbitantly high future interest rates and concluded that while he had to pay nothing now, once he began working, even if he got a high-paying job, he would end up paying a big chunk of his salary just on repaying the loans he had already accumulated. It now hit me just what a monster I had ended up creating by giving my clients this idea, and how so many young students were going to be seduced... (Sify.com, India)
Fuel prices boost inflation Dec 15, 2007
"The rise in the core inflation will likely prevent the Fed from being generous with future interest rate cuts.". Over the last 12 months, prices have risen 4. (Atlanta Journal-Constitution -- Business)
Dawning of a new ice age Dec 14, 2007
Haward was the author, with the Australian Strategic Policy Institute's Dr Anthony Bergin, of a paper published this year calling on Canberra to develop a revitalised, visionary Antarctic policy to secure its future interest. It urged an increased investment in interest and logistics - including possibly new ships, more aircraft, and even a second intercontinental ice runway. (Sydney Morning Herald -- Australia)
A Whiff Of Inflation Dec 14, 2007
Rising inflation could force the Federal Reserve to hold back on future interest rates cut. (See: ). (Forbes -- Business)
Dollar Rally Halts on Possible Rate Cut Nov 29, 2007
The dollar came off an earlier rise against the euro as a speech by a Federal Reserve official on Wednesday boosted investors' hopes of future interest rate cuts. More glum economic reports also gave support to Fed action. (ABC News -- Wire)
ION Geophysical Announces Conversion of Convertible Notes Into Common Stock Nov 28, 2007
9 million was made to the holders in lieu of future interest payments, resulting in cost savings of approximately $100,000 when compared to the interest payments due in 2008. This supplemental payment will be charged to expense in the fourth quarter of 2007. (PR Newswire)
