European Central Bank leaves key interest rate unchanged
Linda Young – AHN News Writer London, United Kingdom (AHN) – European Central Bank (ECB) officials left the benchmark interest rate of 1 percent unchanged. The bank has not changed the rate since November. The ECB has provided European banks with hundreds of billions of dollars worth of loan-interest loans in an effort to keep [...]
Britain mulls tighter strike rules
Vittorio Hernandez – AHN News Brighton, England, United Kingdom (AHN) – British Business Secretary Vince Cable hinted over the weekend at the GMB union conference that the government is considering tighter strike rules to avert massive industrial action in response to the coalition’s austerity measures. Cable warned that the government will legislate harsher conditions to [...]
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Rice is king, but at a price
LONDON, United Kingdom (IRIN) – Most of us, when we worry about food prices, think short term – the price today compared with yesterday; the chance that the price will have gone up again tomorrow. But Oxfam this week risked some long term predictions, and came up with alarming results. They foresaw the steepest rise [...]
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British government policy of no bailout places large banks at risk of possible credit downgrades
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Credit ratings agency Moody’s placed major British banks on review because of a new British government policy that no bailout would be provided to financial institutions with problems. Moody’s hinted that 14 banks and building societies may face possible credit rating downgrades over its [...]
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S&P issues warning on U.S. government credit rating
Linda Young – AHN News Writer Washington, DC, United States (AHN) – Credit rating agency Standard & Poor’s Ratings Service has rattled financial markets by changing its outlook for U.S. government debt from “stable” to “negative” over concerns that lawmakers might not reach an agreement on dealing with the budget deficit. The news caused the [...]
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Britain raises minimum wage despite economic uncertainties
Linda Young – AHN News Writer London, Britain, United Kingdom (AHN) – National minimum wage for adults has increased to $9.93 an hour in Britain. That represents a 2.5 percent raise for low-income workers over the age of 20. Younger workers got raises too. The new minimum wage for workers aged 18 to 20 went [...]
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Lending News- IMF walks away from the kingdom
- Realty Trac: foreclosures dropped to lowest level since 2007
- 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
- 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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- Fed stands pat on interest rates and bond purchases
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- Car sales in Philippines jump 29 percent
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- Loan news
- Markets move higher Monday morning
- Second Guessing Medicare’s Star Rating System
- 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
