09 Feb 2005 07:33 AM

Mortgage applications rose 4.2% to 735.9, in the week ended Feb. 4. Refinancing applications rose 7.8% to 2,430.7. The purchase index rose 1% to 444.6. Refinancings accounted for 48.9% of the week’s total applications

08 Feb 2005 08:47 PM

Management consultancy Droege & Comp in Düsseldorf, Germany, estimates that German banks deal with about 300 billion euros of bad loans, not a pleasant reality for German banks and favorable ground for debt investors who could use these great opportunities. So analysts say that the first

08 Feb 2005 07:36 PM

Merrill Lynch & Co. and UBS AG joined perennial leader Goldman Group Inc. among the top three merger advisers in the hottest US takeover market since 2000. Merrill Lynch, the largest securities firm with equity capital of about $115

08 Feb 2005 05:31 PM

China’s yuan is not underestimated given the country’s balance of payments but it will control capital flows eventually achieving the convertibility of the currency under the capital account without any time limits but according to the needs of its development.

08 Feb 2005 08:31 AM

UBS AG, Europe’s biggest bank by assets, reported on Tuesday its fourth-quarter profit rose 12% on rising fees from banking and investment activity. Earnings

07 Feb 2005 07:06 PM

British bank Barclays allowed workers to put money in private Social Security accounts under a proposal by President Bush.

03 Feb 2005 03:11 PM

THE 30-YEAR FIXED-RATE MORTGAGE AVERAGED FELL TO 5.63% FOR THE WEEK ENDING FEB.3, FROM 5.66% LAST WEEK, ACCORDING TO FRADDIE MAC

03 Feb 2005 10:08 AM

BNP Paribas SA reported on Thursday that its fourth-quarter earnings rose 2.7%. Earnings increased to €952 million ($1.24 billion) from €927 million last year. Operating earnings were up 11

03 Feb 2005 10:08 AM

The ECB kept its main refinancing rate at 2% on Thursday, as was expected. Many economists predicted that the ECB would hold its key rates unchanged till the third quarter of 2005. Against

03 Feb 2005 08:51 AM

The Fed yesterday as expected raised its overnight target rate by a quarter-point saying that the risks to procuring sustained economic growth and price stability are balanced, and that ``policy accommodation can be removed at a pace that is likely to be measured.’’ The markets had already factored in the rise, as the yields remained unchanged after the announcement giving

03 Feb 2005 07:38 AM

Deutsche Bank AG reported on Thursday that its fourth-quarter earnings fell 38%. Earnings fell to 269 million euro from 436 million euro last year. Revenue rose to 5.3 billion euro from 5.2 billion

02 Feb 2005 03:42 PM

"The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 2-1/2 percent. "Output appears to be growing at a moderate pace despite the rise in energy prices, and labor market conditions continue to improve gradually. Inflation and longer-term inflation expectations remain well contained

02 Feb 2005 03:39 PM

The Federal Open Market Committee raised its main overnight interest rate by a quarter percentage point to 2.5% percent.

02 Feb 2005 12:27 PM

The Federal Open Market Committee is expected to raise Fed funds rate a quarter-percent to 2.5% in the two-day meeting starting today. Most analysts anticipate sixth straight increase in a row as the US monetary policy makers have been following their “accommodative” ‘measured” policy of rate increases since June 2004. Some

02 Feb 2005 09:33 AM

Mortgage applications rose 7.3% to 706.4 in the week ended Jan. 28, according to Mortgage Bankers Association. The seasonally adjusted index of refinancing applications rocketed 16.6% to 2,253.9. The purchase index rose 0.3% to 440.3. Applications