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It was a year ago that the reality began to dawn: affordable housing development would not be immune to the effects of the credit crunch.
(RTTNews) - The Philippine peso showed strength against the US dollar on Friday morning in Asia braced by yesterday's Central Bank decision to trim the key interest rate.
(AP:SANTIAGO, Chile) Chile's central bank is cutting its benchmark lending rate by a quarter of a point to boost growth. The bank says it will provide other financial institutions with 90- to 180-day loans at the new 0.5 percent rate.
Banks have revised their interestrate structure for home loans by cutting short-term rates and hiking longer-term ones. But zero-interest loans still can be found.
By Paul Carrel
July 9 (Bloomberg) -- Nuveen Investments , the Chicago-based asset manager that was taken private by Madison Dearborn Partners LLC in 2007, is seeking a $350 million term loan that has a 15 percent yield.
July 10 (Bloomberg) -- The Bank of England’s emergency bond-buying program may end next month as Britain’s worst recession in a generation eases, economists say.
After rising to 8 percent in March, Arapahoe County’s unemployment rate held steady in May for the second month, remaining at 7.2 percent, according to the federal Bureau of Labor Statistics.
It will be a smaller, less debt-ridden automaker, analysts say.
How much capital was sidelined during the worst of the financial crisis back in October and November? This is perhaps one of the most important yet overlooked questions in the market.
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