NEW YORK –The euro dropped against the dollar Monday, its decline speeding after strong U.S. economic data made a sharp contrast to worries about the administration of an unprecedented bailout plan for cash-strapped Greece.
The U.S. data, which showed a strong reading in manufacturing and construction spending, illustrates a U.S. economy continuing to drag itself out [...]
Posts Tagged ‘hard money’
WORLD FOREX: Euro Falls; Greece Worries Contrast With US Data
May 3rd, 2010 by HardMoney Writer
Tags: Bank of China, debt crisis, economy, European Central Bank, european union, Federal Reserve, financial, financial market, global economic, hard money, investors, japan's economic, US Economy, wall street
more...Germany ready to help Greece soon if it saves more
April 26th, 2010 by HardMoney Writer
Merkel says will help if Greece agrees tougher savings.
Says agreement for aid could come in matter of days.
Says Germany feels obligation towards euro’s stability.
Germany is ready to take a decision on granting aid to Greece in matter of days, once the International Monetary Fund and European officials have completed talks with Athens, Chancellor Angela Merkel [...]
Tags: economy, european union, financial, financial crisis, hard money, IMF
Euro Falls a Sixth Day Against Dollar on Greek Budget Deficit
April 23rd, 2010 by HardMoney Writer
April 22 – The euro fell for a sixth straight day against the dollar after data showing Greece’s budget shortfall last year was worse than forecast raised the prospect that the nation will be forced to activate a rescue plan.
The single European currency weakened against 14 of its 16 most-traded peers as statistics from the [...]
Tags: economic recovery, economy, european commission, european union, financial, hard money, investors, US Economy
Stocks fall on renewed concerns about Greek debt
April 22nd, 2010 by HardMoney Writer
NEW YORK — Investors are looking past a jump in home sales and focusing on concerns about Greece’s debt problems.
The National Association of Realtors says Thursday that home sales rose 6.8 percent last month after falling 0.8 percent in February. Buyers are trying to stay ahead of a tax credits that expire at the end [...]
Tags: Dow Jones Industrial, economic recovery, financial, financial crisis, global financial crisis, hard money, investors, stocks
BOJ keeps rates on hold, says economy picking up
April 7th, 2010 by HardMoney Writer
The Bank of Japan kept interest rates on hold on Wednesday and said the economy was continuing to pick up, but analysts say prolonged deflation is likely to keep government pressure simmering for further monetary easing.
“Japan’s economy has been picking up, mainly due to improvements in overseas economies and various government policy steps, although it [...]
Tags: bank of japan, bank rate, central bank, economy, hard money
Bank of Australia raises its lending rate
April 6th, 2010 by HardMoney Writer
SYDNEY, April 6 (UPI) — The central bank of Australia raised its bank-to-bank lending rate Tuesday, suggesting growing confidence in an economic recovery.
The Reserve Bank of Australia raised its lending rate 25 basis points to 4.25 percent after four previous increases brought the rate from 3 percent to 4 percent from October to March.
“The global [...]
Tags: central bank of australia, global economic, hard money, hard money lenders, hard money news, interest rates
Deadline looms to use federal foreclosure money
April 3rd, 2010 by HardMoney Writer
LEHIGH ACRES, Fla. — With a use-it-or-lose-it deadline just months away, communities have spent less than half of $4 billion available under a federal program to redevelop abandoned and foreclosed properties.
Some city, state and county officials say they’ve been stymied by confusing and ever-changing federal rules for the money, awarded in the midst of the [...]
Tags: economy, Federal Reserve, financial, hard money, hard money news, mortgage, US Economy
Why the Fed Will Be Sidelined in 2010
December 22nd, 2009 by HardMoney Writer
The release of the Non-Farm Payroll Report for November along with the latest inflation data from the Bureau of Labor Statistics placed further into question the Federal Reserve’s free money policy. The spate of less bad news on the economy and increases in certain price levels has brought some of the bond vigilantes back from [...]
Tags: bank lending, central bank, Federal Reserve, hard money, interest rates, investors, lender, loan, Mortgage Backed Securities, mortgage issuance, mortgage loan, real estate
American Gold Trust Announces Release of Digital 24-Page Gold & Silver Coin Catalog
December 21st, 2009 by HardMoney Writer
American Gold Trust, one of the fastest growing coin companies in the world and a premier leader in the gold and silver industry, has announced the release of its new 24-page digital catalog. The first catalog of its kind to be released online, American Gold Trust’s digital coin catalog is meant to help investors who [...]
Tags: American Gold Trust, financial interest, hard money, hard money portfolios, investors
Bank files against Jay Miller
December 18th, 2009 by HardMoney Writer
Heritage Oaks Bank has joined the list of creditors who say that now bankrupt former North County lender Jay Hurst Miller owes them money, according to a recent filing with the U.S. Bankruptcy Court in Santa Barbara.
In the filing, bank Executive Vice President William Raver declared that Heritage Oaks made a $250,000 personal loan to [...]
Tags: bankrupt, borrower, hard money, hard money lender, lender, loan, money, real estate
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