Archive for October, 2009

Pros, cons weighed for NB Power agreement

Finance Minster Greg Byrne says the financial benefits to New Brunswick of selling NB Power fall into three major categories. (5 mins ago)

Power rates would be frozen for ratepayers

Ratepayers in the province would save billions on their power bills following a landmark agreement unveiled Thursday by the New Brunswick and Quebec governments. (5 mins ago)

Hong Kong Builders Seek Revamp of Land-Sale Rules

Oct. 28 — Hong Kong’s biggest developers called on the government to revamp the way it sells land after tight supply led home prices to surge 28 percent this year. (1 min ago)

Asia Aims to Succeed Where Bernanke Failed on Bubbles

Oct. 27 — Policy makers from South Korea to Singapore, confronted with rising real-estate values that threaten to mimic in Asia the U.S. mortgage bubble that roiled the global economy, are stepping up efforts to rein in prices. (8 mins ago)

Dollar Declines as Recovery Optimism Reduces Demand for Safety

Oct. 26 — The dollar touched a 14-month low versus the euro as an advance in Asian stocks and signs the global economy is recovering reduced demand for the greenback as a refuge. (1 hour ago)

With new credit card rules looming, some cardholders are seeing painful changes

FORT WORTH, Texas – Paul Baker was smacked with a rude surprise when he opened a notice from his bank informing him that his minimum monthly payment had skyrocketed from $560 to more than $1,300. The 31-year-old Stephenville, Texas, man didn’t have one o (9 mins ago)

Home sales rise as tax credit nears end

Home resales rose in September to the highest level in more than two years, beating expectations, as buyers scrambled to complete their purchases before a tax credit for first-time owners expires. (7 mins ago)

Yen Falls to Two-Month Low Versus Euro as Risk Appetite Rises

Oct. 23 — The yen tumbled to a two-month low against the euro as demand for higher-yielding assets rebounded on an earnings-sparked advance in stocks and mounting evidence the global economy is recovering. (9 mins ago)

Toyota, Honda May Boost Overseas Production on Yen

Oct. 22 — Toyota Motor Corp. and Honda Motor Co. , Japan’s two biggest automakers, may increase overseas output as a stronger yen makes exports less competitive. (6 mins ago)

Thailand Keeps Rate at 5-Year Low to Support Economy

Oct. 21 — Thailand’s central bank kept its benchmark interest rate unchanged for a fourth straight meeting to support the economy’s recovery from a recession. (8 mins ago)