Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 190 results for "US housing"

Market Movers Overnight: Bernanke's speech

BENJAMIN ONG  |  WEDNESDAY, 9 JUL 2008
... 2.9 percent. The latest reading takes pending home sales down 14 percent from a year ago. This report indicates that US housing remains in a freefall and yet to find a bottom. Further declines in sales are likely in the coming months given the backdrop ...

FBI sting catches $2.4bn mortgage fraud

... confidence in the housing and credit markets. Australian investors do have to take note of the level of confidence in the US housing and credit markets because of how it affects the availability of credit and capital locally. "The financial consequences ...

Market Wrap - Midday

AAP  |  TUESDAY, 10 JUN 2008
... billion ($A2.9 billion), citing "challenging market conditions" related to the mortgage-backed securities tied to the US housing slump and the related global credit crunch. The banking sector slumped. Commonwealth Bank lost $1.17, or 2.7 per cent, to ...

CalPERS may lose $947 million

RUTH LIEW  |  TUESDAY, 10 JUN 2008
The California Public Employees' Retirement System (CalPERS) may lose nearly $950 million from its investments in US housing crash-victim LandSource. CalPERS invested $947 million in US property developer LandSource, which recently filed for bankruptcy ...

Global equities to bounce 15pct

MICHAEL HOBBS  |  THURSDAY, 29 MAY 2008
... will improve substantially over the second half of the year," he said. "The key risk is further dislocation of the US housing market but this seems less likely now that mortgage spreads have contracted to June 2007 levels and we are seeing a pick up ...

Market bottom approaches, recovery expected soon

ALEX DUNNIN  |  TUESDAY, 1 APR 2008
... therefore likely to be modest and short-lived. "Excesses were not a feature of the 2002-2007 economic boom - except in the US housing market. Consequently, there will be no need for over-investment or excessive recruitment, which means there will be ...

Market wrap - morning

AAP  |  FRIDAY, 7 MAR 2008
... - Britain's top share index slid, with banks on both sides of the Atlantic hit by fears of more losses, while weak US housing data fuelled concerns for a US economy flirting with recession. The FTSE 100 ended a volatile trading session down 1.49 per ...

Cautiously upbeat: Economists Forum

ALEX DUNNIN  |  FRIDAY, 1 FEB 2008
... stagflation or even agflation, leading economists told today's Chief Economists Forum in Sydney. "There is a recession in US housing and it will get worse and even feel like [an overall] recession," said Dr Don Stammer, economist and now chairman of ...

Market Wrap - Midday

AAP  |  MONDAY, 19 NOV 2007
... 12 per cent fall in first half net profit as the building materials maker braced itself for further weakness in the US housing market. At Friday's close on Wall St, the Dow Jones industrial average was 66.74 points higher, or 0.51 per cent, to 13,176.79. ...

Sub-prime Godzilla tramples Japan

SUZY MAC  |  THURSDAY, 15 NOV 2007
... recession, and clear evidence of a stalling economy would be the only thing prompting another cut. However, the downward US housing spiral is getting pretty spectacular, with absolute house prices, the countrywide average, falling for the first time ...