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Greenspan concedes mortgage dilemma
(AP)
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Thursday, 13 September 2007 |
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AP - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy. |
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Greenspan says didn't see subprime storm brewing
(Reuters)
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Thursday, 13 September 2007 |
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Reuters - Former Federal Reserve Chairman Alan
Greenspan said he was late to see the storm gathering around
U.S. mortgage lending practices and commended his successor Ben
Bernanke's handling of the crisis, saying he would likely be
responding in a similar fashion.
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Oil hits new record on refinery outages
(AP)
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Thursday, 13 September 2007 |
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AP - Oil prices briefly hit a record high and gasoline futures rose Thursday as refiners reported production problems after Hurricane Humberto hit Texas.
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ABN AMRO takeover saga enters final chapter
(Reuters)
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Thursday, 13 September 2007 |
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Reuters - Shareholders in ABN AMRO
will weigh three key events in the coming week to decide which
of two rival bidders will clinch control of the Dutch bank
after a six-month takeover battle.
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Euro, oil, subprime crisis gang up on mooted eurozone rate hike
(AFP)
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Thursday, 13 September 2007 |
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AFP - The ECB says it is ready to raise interest rates, but the euro's strength along with record oil prices and uncertainty from the US home loan crisis has delayed a hike that now looks even less likely.
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