Mexico’s peso-denominated bonds were little changed, with the yield on the benchmark security close to a four-month high, on speculation quickening inflation will prompt central bankers to raise lending rates this year.
Yields on benchmark bonds have climbed 0.10 percentage point since Banco de Mexico raised its inflation forecast for this year on April 30, citing [...]
RISING fuel prices, interest rate hikes and inflation have again caused a 13.3% month-on-month drop in the new vehicle sales market during April, National Association of Automobile Manufacturers of South Africa (Naamsa) figures showed yesterday.
Mercedes-Benz remained among the top five best-selling vehicle brands during the month, with demand for the East London manufactured C-Class driving [...]
India’s central bank unexpectedly ordered lenders to set aside more reserves for the second time in less than two weeks to tame runaway inflation.
The Reserve Bank of India raised its cash reserve ratio to 8.25 percent from 8 percent, according to a statement in Mumbai. Nineteen of 20 analysts surveyed by Bloomberg News forecast no [...]
The great mortgage reset of 2008 isn’t turning out quite as advertised.
Thanks to interest rate cuts by the Federal Reserve, payments on sub-prime loans with expiring “teaser” rates are going up only modestly when the loans start adjusting –Commercial LendingĂ‚Â by just 1% on average last month, one study found.
A payment that would have risen [...]
Some buyers may not have been told that with any interest-rate increase they might have trouble making their new payment. Many were unsophisticated tenants who never thought they might one day own homes. The promised “not to worry, we can write another loan” didn’t materialize. Lending institutions are now in trouble for [...]
That question, posed by Beijing-based blogger Michael Pettis on March 21, pertains to China’s record-breaking buildup of currency reserves. It’s an excellent one that connects events in Beijing and Washington like few others.
Press reports and analysts’ estimates that China’s reserves approached $US1.7 trillion ($1.86 trillion) in February raise more questions than answers, according to Pettis, [...]
THE double prospects of further mortgage rate increases outside officially-sanctioned Reserve Bank rises and possible capital raisings by the leading banks remains high even after across-the-board home loan increases this week of as much as 0.35 percentage points.
With the sixth largest regional bank, Suncorp, yesterday joining the rest of the leaders in lifting its standard [...]
THE double prospects of further mortgage rate increases outside officially-sanctioned Reserve Bank rises and possible capital raisings by the leading banks remains high even after across-the-board home loan increases this week of as much as 0.35 percentage points.
With the sixth largest regional bank, Suncorp, yesterday joining the rest of the leaders in lifting its standard [...]
A MONTH ago the Commonwealth Bank board decided against changing its dividend reinvestment plan and continued offsetting shares issued under the plan with on-market purchases.
The chief financial officer, David Craig, said the bank did not need a naked DRP share issue because its capital base was “very strong”, at more than 11 per cent of [...]
Westpac Banking Group has lifted its variable home loan rates by 30 basis points, and by more than the rise in official rates this week.
The bank also warned it would make further adjustments to interest rates if conditions in global credit markets don’t improve.
Westpac’s standard variable mortgage rate will rise to 9.27% next Tuesday, from [...]
