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Analyst Urges Banks to Raise Rates

Australia's top four banks could lose more than a combined $500 million if they don't follow the lead of St George Bank Ltd and again raise their standard variable home loan rates, according to investment bank JP Morgan.An analysis by JP Morgan released Monday considered how the banks' profits...

Tags: Bank, J.P. Morgan Chase & Co., Basis Point, Financial Services, AAP

News items 2008-07-07

Additional Resources

ECB dampens talk of multiple rate hikes

BRUSSELS AFP — European Central Bank head Jean-Claude Trichet distanced himself Wednesday from suggestions of a series of interest rate rises in the eurozone ahead of an expected 25-basis-point hike next month. "I did not say that we would envisage a series of increases, I did not say...

Articles 2008-06-25

Study of NYFIX Millennium Trade Executions Shows Significant Reduction in Market Impact Across Market Sectors and Trading Strategies

- Savings as High as 21 Basis Points per Share vs. Broad Universe of Trading Venues - NEW YORK -- NYFIX, Inc. (Nasdaq: NYFX), a trusted provider of innovative solutions that optimize trading efficiency, today announced that research conducted by Quantitative Services Group LLC (QSG([R])), a leading provider...

Articles 2008-06-25

The State of Network Migration: A Survey of U.S. Firms Migrating to NGN

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/1f9b07/the_state_of_netwo) has announced the addition of the "The State of Network Migration: A Survey of U.S. Firms Migrating to NGN" report to their offering. A recent survey shows that legacy services (i.e., frame relay, leased line, and ATM) remain a dominant component...

Articles 2008-06-24

India's central bank raises key interest rate

MUMBAI AFP — India's central bank unleashed a fresh round of monetary tightening Tuesday, raising its key short-term lending rate by half-a-percentage point after inflation hit a 13-year high of over 11 percent. The Reserve Bank of India raised its repo rate at which commercial banks borrow funds...

Articles 2008-06-24

BASi-Swiftwater Group Alliance Expands Contract Services

BASi (BioanalyticalSystems, Inc.) (NASDAQ: BASI) and Swiftwater Group, LLC today announcedtheir agreement to form an alliance that will complement and expand bothfirms' service offerings. Swiftwater Group brings its extensive product development, regulatory,project management and auditing experience to work with BASi's contractresearch services for the pharmaceutical industry. BASi will offer apreferred...

Articles 2008-06-24

Trinity Biotech Announces the Launch of New HIV Incidence Assay

Trinity Biotech plc (NASDAQ: TRIB), aleading developer and manufacturer of diagnostic products for thepoint-of-care and clinical laboratory markets, is pleased to announce thelaunch of its new HIV Incidence Assay. The HIV-1 BED Incidence Assay is a second generation assay designed todetect recent HIV seroconversion by determination of the relativeproportion of...

Articles 2008-06-24

Tommy Hilfiger Announces Record Results for the Financial Year Ended 31 March 2008

AMSTERDAM, Netherlands, June 23 /PRNewswire/ -- Financial Highlights(1) - Total Group net sales increased 14.4% to EUR1,340 million - Global retail value of net sales of EUR 3 billion - European sales up 22.8% to EUR707 million with an increase in EBITDA...

Articles 2008-06-23

DNA Study Unlocks Mystery to Diverse Traits in Dogs

Discovery Offers Potential Benefits for Dogs and their Owners ROCKVILLE, Md., June 23 /PRNewswire/ -- What makes a pointer point, a sheep dog herd, and a retriever retrieve? Why do Yorkshire terriers live longer than Great Danes? And how can a tiny Chihuahua possibly be...

Articles 2008-06-23

Pennsylvania Real Estate Investment Trust Completes $65 Million of Financing

PHILADELPHIA -- Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that it has completed a $45 million financing of Christiana Center in Newark, Delaware. The mortgage loan, provided by Citizens Bank of Pennsylvania, has a term of three years with two one-year extension options. The variable interest rate, 185...

Articles 2008-06-23

U.S. about halfway to refugee goal

WASHINGTON -- The Bush administration is nearing the halfway point in its goal to admit 12,000 Iraqi refugees by the end of September, the State Department said Saturday amid a flurry of activity on the issue. Several senators on Friday called for the appointment of White House...

Articles 2008-06-22

Halifax hikes home loan rates in 20th set of changes this year

Halifax, the UK's biggest mortgage lender, will hike the rates on its home loans by up to another 50 basis points today, forcing remortgaging homeowners and first-time buyers to shell out even more on their monthly payments. As of this morning, Halifax will increase the rate on...

Articles 2008-06-21

Euler Hermes ACI: "Substantial" Increase In Business Bankruptcies Likely

OWINGS MILLS, Md. -- Business bankruptcies continued a relentless upward pace in the first quarter of 2008, and data suggests that the trend could increase even more as the year progresses, according to analysis from leading B-to-B accounts receivable insurer Euler Hermes ACI. Data from the Administrative Office...

Articles 2008-06-20

California Restaurant Association Calls for Flexible Approach to Nutritional Information Disclosure

SACRAMENTO, Calif. -- Today the California Restaurant Association released the following statement on Senate Bill 1420. The California Restaurant Association continues to oppose the impractical approach to nutritional information disclosure found in SB 1420 Padilla. We share Senator Padilla's commitment to promoting better nutrition and healthier lifestyles. However,...

Articles 2008-06-18

Freddie Mac Prices $500 Million Reference REMIC® R016

MCLEAN, Va., June 18 /PRNewswire-FirstCall/ -- Freddie Mac today announced it priced $500 million of Reference REMIC R R016, Class AM, CUSIP 31397TSN3, a Guaranteed Maturity Class GMC with an initial class coupon of 5.125% and a final maturity date of June 15, 2018. The GMC issue...

Articles 2008-06-18

Peter R. Fisher, Managing Director and Co-Head of Fixed Income at BlackRock, Presented Today at the Federal Reserve Bank of San Francisco's Asian Banking and Finance Conference

The full text of Mr. Fisher's remarks can be found below. Global Outlook: Something's Gotta Give -- U.S. to Slow in 2009 Federal Reserve Bank of San Francisco The Changing Landscape: Asia's Role in Global Finance NEW YORK -- The opinions expressed...

Articles 2008-06-18

American Financial Group Provides Investor Conference Information Related To A&E Reserves and Recent Storms

CINCINNATI -- This morning Carl H. Lindner III, Co-Chief Executive Officer of American Financial Group, Inc. (NYSE:AFG)(NASDAQ:AFG) addressed the Fox-Pitt Kelton Cochran Caronia Waller Conference in New York City, as disclosed previously in our press release dated June 10, 2008. During his remarks he discussed several items related to 2008...

Articles 2008-06-17

Fitch: May U.S. CMBS Delinquencies Up Slightly

CHICAGO -- U.S. CMBS delinquencies rose by four basis points bps to 0.39% during May, with half of the increase in the LDI due to one large non-performing matured health care loan. The index would have risen by only two basis points to 0.37% if not for this loan. ...

Articles 2008-06-16

Dollar General Corporation Reports First Quarter 2008 Financial Results

Same Store Sales Increased 5.4% Gross Margin Expanded 102 Basis Points to 28.8% SG&A as Percentage of Sales Decreased 115 Basis Points Versus Year Ago Period Achieved Net Income of $5.9 Million Adjusted EBITDA Increased 28% Versus Year Ago Period ...

Articles 2008-06-16

South Africa in for tough times after stretch of solid growth

JOHANNESBURG AFP — South Africa, the continent's economic powerhouse, is braced for a slowdown after a stretch of solid growth, as higher interest rates coupled with rising food and fuel costs are set to bite. Growth in the first quarter measured 2.1 percent on a 12-month basis, down...

Articles 2008-06-14