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Toll loss narrows, shares rise sharply - MSN MoneyCentral
NEW YORK (Reuters) - Toll Brothers Inc , the largest U.S. luxury home builder, said its quarterly loss narrowed slightly as it wrote down less inventory, and its shares rose sharply as homebuilders extended a rally spurred by improved mortgage rates ...

Europe’s Central Banks Lower Rates to Fight Recession (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- Europe’s central banks cut interest rates as policy makers stepped up their response to the credit crisis that has pushed the region into a recession. The European Central Bank delivered a 75 basis-point reduction in its main ...

Danish Mortgage Lenders May Struggle to Sell Notes at Auction - Bloomberg
Dec. 1 (Bloomberg) -- Danish lenders may struggle to sell as much as $67.5 billion of mortgage notes in annual auctions starting today as the global financial turmoil saps investor appetite. The year’s sales come amid a backdrop of falling house ...

ECB cuts rates, following BoE, Swedish Riksbank - star.com.my
BRUSSELS, Belgium (AP) - Europe's central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis. Their rate cuts tried to counter a slowdown that looks longer and deeper than ...

European Central Bank cuts rates, following BoE, Swedish Riksbank - 680 News
BRUSSELS, Belgium - Europe's central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis. Their rate cuts tried to counter a slowdown that looks longer and deeper than initially ...

US, European stocks trade lower - Skynews.com
Wall Street shares fell hard on Thursday as investors sought cover after a series of big job-slashing announcements that highlighted the weak economic outlook. The Dow Jones Industrial Average tumbled 215.45 points (2.51 per cent) to close at 8,376 ...

Busch: Spanning the Rate Cut Globe - CNBC
This was an extraordinary day in the world of interest rates even in these extraordinary times. Central banks around the world have aggressively cut interest rates and the United States is planning on a mortgage rate cut cram down. Like voting in ...

Bank cuts UK rates to 57-year low - BBC News
The move, which followed a dramatic cut in November, has been welcomed by many commentators who said the cut should help the slowing economy. Prime Minister Gordon Brown has urged lenders to pass on the cut to homeowners and business. So far, only a ...

European bourses close lower after rate cuts - Gulf Times
LONDON: European stock markets closed slightly lower yesterday after a volatile trading day featuring dramatic interest cuts from central banks while US shares were little changed around midday. Four European central banks announced steep cuts to ...

Are Danes warming to the euro? - BBC Europe
The Danish government has famously asked voters to say "Yes" to the euro before and ended up red-faced, to the delight of Eurosceptics all over the continent. And yet it looks as if ministers are ready to risk embarrassment again. Prime Minister ...