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Top lender picks three foreign investors  China's top lender, Industrial and Commercial Bank of China , is selling a 10 percent stake to investment bank Goldman Sachs and others, and is shedding US$17.3 billion in bad


Council anguishes over new laundromat  It was a long night in City Council chambers on Tuesday. With only four members present, David Andreasen was absent, the council made decisions ranging from extending building permits to


U.K May Mortgage Lending Rises GBP5.8 Bln, Consumer Credit Falls GBP463 Mln - BBA (Nasdaq)  (RTTNews) - U.K net mortgage lending grew GBP5.8 billion in May, the British Bankers' Association said Wednesday. The mortgage lending stands above the recent monthly average of GBP5.4 billion. Unsecured


Inflation cools during August  Weakening gasoline prices slowed Canada's annual inflation rate 0.3 percentage points to 2.1 per cent in August, in line with economists' forecasts. read more...


No tax deductions for mortgage: PM (The Australian)  PRIME Minister John Howard has rejected the idea of making mortgage payments tax deductible. But he said the forthcoming budget would look at other forms of tax relief once other


Got 31 Days?  The grammatically poor 1 days linkfarm starts us off so quickly, on to 2 days of Japanese gadgets.read more...

June 24th, 2005

Business Briefly

Sales of new homes in May climbed to the second highest level in history, providing further evidence that low mortgage rates are still fueling a booming housing market.

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