Mennonites seek refuge from Mexico’s drug violence
Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – Drug-related violence in Mexico is turning thousands of the country’s Mennonites into refugees after they have become victims of kidnapping, armed robberies and carjackings. The Mennonites emigrated to Mexico 90 years ago from Canada to escape what they called religious persecution. Now [...]
Savings in U.S. banks reach record $1.45 trillion in May
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – More Americans continue to save in banks rather than borrow money from financial institutions. According to latest data from the Federal Reserve, savings in U.S. banks hit a record $1.45 trillion in May. The growing savings has been observed since the global financial crisis [...]
S&P downgrades China’s property market rating
Linda Young – AHN News Writer Beijing, China (AHN) – Credit ratings agency Standard & Poor’s announced that it had downgraded its outlook for China’s property market to negative from stable over concerns about the government’s decision to tighten its credit policy. China’s central bank announced on Tuesday that it planned to tighten credit to [...]
Hackers hit Citigroup, gain access to data of North American credit card customers
Vittorio Hernandez – AHN News New York, NY, United States (AHN) – Citigroup admitted on Thursday that its security was breached by cyber thieves who gained access to thousands of data of the bank’s North America credit card customers. The bank disclosed that the hacking incident was discovered after routine monitoring. Citigroup said it is [...]
U.S. throws weight behind Ban Ki-Moon for second UN term
Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – The United States on Tuesday officially endorsed the incumbent for a second term at the top position of the United Nation for a second term, according to Obama Administration officials. In a statement by the White House press office, President Barack Obama welcomed [...]
Vancouver businessman expected to buy NHL’s Dallas Stars
AHN Sports Staff Dallas, TX, United States (AHN Sports) – Vancouver business magnate Tom Gaglardi is expected to acquire the cash-strapped Dallas Stars, a source close to situation reported Friday. Gaglardi will reportedly shell out around $250 million and at least 50 percent of lease to the American Airlines Arena in an effort to purchase [...]
U.S. Supreme Court favors Arizona law that punishes firms for hiring illegal migrants
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – The U.S. Supreme Court upheld an Arizona law that fines firms in the state which hires illegal migrants. The law revokes the business licenses of such companies. The justices, on a 5 to 3 vote, rejected the argument that Arizona’s law impinges on Washington’s [...]
Japan sees deflation reprieve as core consumer prices nudge up
Linda Young – AHN News Writer Tokyo, Japan (AHN) – Japan beat deflation for the first time in 28 months with consumer prices rising in April by 0.6 percent compared to the same month last year, according to the Statistics Bureau. The increase was the first since December 2008 in Japan’s core consumer price index. [...]
Robbers ambush and shoot off-duty Oklahoma sheriff’s major
David Goodhue – AHN News Reporter Oklahoma City, OK, United States (AHN) – Robbers shot an off-duty major with the Oklahoma County Sheriff’s Office as the man was delivering money to a bank from a restaurant where he worked part time. Investigators think Maj. John Waldenville, 60, was targeted because he was carrying the money [...]
European Central Bank rules out Greek debt restructuring
Vittorio Hernandez – AHN News Lagonissi, Greece (AHN) – The European Central Bank rejected on Wednesday a proposal to restructure Greece’s debt. ECB Executive Board Member Juergen Stark said a Greek debt restructuring would only create a catastrophe because the move would damage the banking system. Lorenzo Bini Smaghi, another ECB board member, said the [...]
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Lending News- Mortgage rates fall to new low–again
- Mortgage rates fall to record low
- Mortgage rates fall to record low
- Japan announced food aid to Nepal
- Fed leaves rates steady
- Microloan demand grows in the West Bank and Gaza Strip, despite the risks
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
- IMF aid becomes Egyptian political football
- Mortgage rates virtually unchanged in latest week
- In land of no loans, consumer debt mounts
- Personal Loans
- Realty Trac: foreclosures dropped to lowest level since 2007
- Bonded labor ensnares entire families
- Ally mortgage unit files bankruptcy
- Massachusetts Lawmakers Unveil Ambitious Plan To Cut Health Care Costs
- Ethnic minorities call for caution as sanctions ease
- Dubai’s bounced-check convicts go on strike
- Short sales up in housing market
- Short sales up in housing market
- Stocks slide Wednesday following Tuesday’s big gains
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
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- Car sales in Philippines jump 29 percent
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- Loan news
- Plane with newly-inaugurated Hollande hit by lightning, trip to Germany delayed
- Mortgage rates fall to new low–again
- U.S. stocks tumble Tuesday over Greek woes
- Gingrich set to endorse rival Romney
- Thousands of Libyans still afraid to return home
- Costco to offer mortgages
- Bank of America sees profits drop
- Short sales up in housing market
- Mortgage rates decline in latest week
- Mortgage rates virtually unchanged in latest week
