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UPDATE 1-Australian banks cut mortgage rates by 0.25 pct - Forbes
SYDNEY, Sept 2 (Reuters) - Australia's top banks cut variable mortgage rates on Tuesday in response to the central bank's decision to cut official rates, in what analysts said was an affordable and surprisingly quick move. As widely expected, the ...

Australian central bank cuts rates; lenders follow - International Herald Tribune
SYDNEY : The top banks in Australia lowered variable mortgage rates Tuesday in response to the Australian central bank's decision to cut rates for the first time in seven years, in what analysts said was a surprisingly quick move. As widely expected ...

Banks earn $225,000 a day by keeping credit card rates high - News.com.au
THE big banks are earning nearly $225,000 a day by refusing to deliver the Reserve Bank's interest rate cut to thousands of credit card customers. The major banks have not reduced credit card rates, despite the rush to slash home loan and mortgage ...

Credit Union Australia cuts variable rates - News.com.au
CREDIT Union Australia will cut its standard variable mortgage rate by 0.25 per cent from Monday, following the big banks' decision to pass on the rate cuts. Australia's largest credit union says it will lower its standard variable rate for home ...

Britain worries as companies leave because of tax rates - International Herald Tribune
LONDON : Already struggling with an economy on the brink of recession and a record budget deficit, Britain's government is facing another problem: how to stop an exodus of British companies fleeing the local tax regime. In the past week alone, three ...

NYMAGIC, INC. Provides Update on Investments and Operations - Forbes
NEW YORK, Sept. 4 /PRNewswire-FirstCall/ -- NYMAGIC, INC. (NYSE: NYM) today provided an update on the Company's investments and operations. During August, the Company incurred additional realized and unrealized investment losses of approximately $7 ...

Bank holds rates but cuts seen in 2009 - Reuters UK
LONDON (Reuters) - The Bank of England left interest rates on hold at 5.0 percent for a fifth month running on Thursday, but most economists expect sharp cuts next year. With inflation more than double the central bank's 2 percent target, all 67 ...

Sector Rotation Revs Up - Forbes
I'm not a market letter writer, thank God, but I can sniff out when speculation is in the air, and it ain't right now. The best anyone can say is that the market's efficiently priced at 15 times estimated 12 months' forward earnings. The context is a ...

Bank holds rates but cuts seen next year - Reuters UK
LONDON (Reuters) - The Bank of England left interest rates on hold at 5.0 percent for a fifth month running on Thursday, but most economists expect sharp cuts next year. With inflation more than double the central bank's 2 percent target, all 67 ...

ECB, Bank of England Keep Rates Unchanged on Inflation Concern - Bloomberg
Sept. 4 (Bloomberg) -- The European Central Bank and the Bank of England kept interest rates unchanged to fight inflation as their economies teetered on the brink of a recession. ECB policy makers meeting in Frankfurt kept the benchmark lending rate ...



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