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Darling: Banks must help hard-hit families
23 Apr 2008 source: thisismoney.co.uk

Joe Murphy, Evening Standard22 April 2008 Reader comments (51) | Vote | Guide | Calculate The Chancellor today tried to avert a repossessions crisis by telling banks to do more to aid struggling homeowners. Pointed: The Chancellor wants banks to make sure homeowners see the benefit of the £50bn financing WANT TO KNOW MORE? Lenders call for mortgage safety net Will house prices crash? Where to find the best mortgages POLL: Is the property market is facing a fate wo ...


Oil surge sees record leap in power costs
23 Apr 2008 source: thisismoney.co.uk

Sean Poulter, Daily Mail22 April 2008, 7:56am Reader comments (14) Oil, gas and electricity prices hit fresh records yesterday, raising fears that the global economy is becoming 'destabilised'. Pile on the costs: Rises in wholesale energy prices could be passed on to households WANT TO KNOW MORE? Power prices: Quick guide Can they backdate energy bills? How to minimise household bills OTHER STORIES Petrol rises 5p a litre in 48 hours Morrisons wins OFT 'price-fix' ...


Philippine shares lower in mid-trade on inflation worry - UPDATE ...
23 Apr 2008 source: iii.co.uk

MANILA (Thomson Financial) - Philippine shares were lower halfway through the session on Wednesday as another surge in crude oil prices stoked concerns about inflation. "The market is being consumed by inflationary concerns due to the relentless rise in oil prices" which could prompt the central bank to raise interest rates, said Jose Vistan, research director at AB Capital Securities.  ...


Asian stocks recover from weak start but inflation worry caps gains ...
23 Apr 2008 source: iii.co.uk

MANILA (Thomson Financial) - Asian stocks were mostly firmer Wednesday, recovering from a weak start due to Wall Street's retreat overnight and Tuesday's losses, but concerns about inflation gave trading a cautious tone. Shanghai outperformed, advancing by more than 3 percent as the market rebounded from recent losses. U.S. stocks fell Tuesday after oil prices reached new highs near $120 a barre ...


Thomson Financial Europe AM at a glance share guide: Stocks mixed; oil surges ...
23 Apr 2008 source: iii.co.uk

LONDON (Thomson Financial) - US SUMMARY: Stocks decline as oil rises, Street examines earnings Index Change Percent change DJIA 12720.23 -104.79 -0.82 NASDAQ 2376.94 -31.10 -1.29 S&P 500 1375.94 -12.23 -0.88 Nymex crude for May $119.90 +$1.89 10 yr US treasury  ...


Philippine shares close lower on inflation worry - UPDATE
23 Apr 2008 source: iii.co.uk

MANILA (Thomson Financial) - Philippine shares stretched losses for the fourth straight session Wednesday as another record surge in crude oil prices stoked concerns about inflation, sending the benchmark index to its lowest level in nearly five weeks. "With oil prices at record highs, investors could not focus on individual stocks and corporate earnings," said Rommel Macapagal, chairma ...


Darling urges lenders to cut home loan costs
23 Apr 2008 source: today.reuters.co.uk

By Sumeet Desai LONDON (Reuters) - Chancellor Alistair Darling pressured mortgage lenders on Tuesday to bring down the cost of home loans as policymakers are getting worried about the housing market. After years of double-digit growth, the housing market is slowing down fast and many experts are now even talking about the prospect of sharp falls in prices this year as lenders, hit by ...


Paris shares edge up midsession, but mood remains cautious after mixed earnings ...
22 Apr 2008 source: iii.co.uk

PARIS (Thomson Financial) - Share prices edged moderately higher midsession, after hovering around the flatline for most of the day as investors opted for caution in the wake of a mixed bag of corporate results from both sides of the Atlantic. At 1:40 p.m. CET, the CAC-40 index was up 16.63 points, or 0.34 percent, at 4,926.98 and the SBF-120 was 10.97, or 0.31 percent, higher at 3,563.65. On th ...


Forex - Dollar remains on back foot ahead of U.S. existing home sales data ...
22 Apr 2008 source: iii.co.uk

LONDON (Thomson Financial) - The dollar remained on the back foot against the euro ahead of U.S. existing home sales data, as attention continued to focus on interest rate differentials between the two areas. Comments from governing council members Yves Mersch and Christian Noyer have raised speculation the European Central Bank (ECB) might consider increasing interest rates to keep inflation in  ...


Metals - Gold steady ahead of U.S. data
22 Apr 2008 source: iii.co.uk

LONDON (Thomson Financial) - Gold held steady near $920 on Tuesday, underpinned by record oil prices, which have stoked inflation fears, and as the dollar remained weak ahead of the release of key U.S. data. The precious metal was some 10 percent below a record of $1,032.50 seen around this time last month, however, as investors have become cautious of buying and, as a result, some analysts recko ...


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