Archive for August, 2010

1. There may be a price war to give out cheaper bank loans

KUALA LUMPUR: There may be a new round of price war among banks for consumer loans, with the new mortgage rate going down to as low as base lending rate -2.3%. The current BLR rate is 6.3%.

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Scotiabank profit rises, shares dip

Bank of Nova Scotia, Canada’s third largest bank by assets and also the most international, reports higher profit and revenue

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IMF launches new lending plan

The International Monetary Fund has announced a new credit line to serve as a crisis insurance policy for pre-qualified countries that do not immediately need an emergency loan.

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Stocks Crawl To Mixed Close Amid Continued Questions About Economy – U.S. Commentary

– Stocks turned in a lackluster performance to close out the month of August on Tuesday, with the lack of any substantive clues regarding the direction of the economy from the Federal Reserve contributing to the choppy trading on the day.

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Hedge Funds: Hedge funds sue to block Ambac transfers

A group of hedge funds, including credit giant King Street Capital, are suing Ambac Financial Group to try to stop transfers from its main bond-insurance unit to the holding company.

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U.S. Federal Reserve Meeting Minutes for August 10

Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on August 10.

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August Fed Minutes Show Interest In Doing More To Stimulate, Fears Of "Disinflation"

We’ll publish the complete Fed minutes once they’re published on the Fed site, but based on CNBC’s report, it sounds like a notable number of Fed governors expressed interest in doing more to stimulate.

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Calyx Software Set to Celebrate National Professional Mortgage Loan Originator Week September 7-10, 2010

DALLAS—-Calyx Software®, the preferred mortgage solution provider for banks, credit unions, mortgage bankers and brokers, announced today that they are joining with Mortgage Success Source and other sponsors in recognizing Loan Originators in the mortgage industry for their hard work and commitment to put more families into homes.

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GDP growth slows in Q2 as consumers, governments rein in spending

TORONTO – Canada’s economy slowed more than expected in the second quarter as consumers tightened their pocketbooks, housing weakened and exports were squeezed by the weak American economy.

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IMF launches new lending facility to help some countries avert crises

WASHINGTON, Aug. 31 – The International Monetary Fund announced a new credit line on Monday designed to serve as a crisis insurance policy for pre-qualified countries that do not immediately need an emergency loan.

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