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  • October 31, 2014
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  1. Business - Economy - UNITED STATES

    US beats forecasts with 3.5pc economic growth

    Posted Oct 31st 2014, 06:04am by Reuters

    ... at a 3.5 per cent annual rate, the Commerce Department said, beating economists' expectations for a 3 per cent rise. While the pace of growth in business investment, housing and consumer ... of five that the economy has expanded at or above a 3.5 per cent clip. "It was a very good quarter for business investment," said Ryan Sweet, a senior economist at Moody's ...

    http://www.scmp.com/business/economy/article/1628530/us-beats-forecasts-35pc-economic-growth
  2. Property - International - UNITED STATES

    Non-bank lenders offer easy credit to US landlords as rental market grows

    Posted Oct 08th 2014, 07:16am by Reuters

    ... Reuters in New York Loans to property owners mark shift to less regulated shadow banking, with non-banks accounting for a quarter of home loans in the first half Lenders offer easy credit ... lending to landlords, which has become the domain of specialised mortgage companies or private equity firms, marks a shift to less regulated shadow banking lenders from banks subjected to stricter ...

    http://www.scmp.com/property/international/article/1611453/non-bank-lenders-offer-easy-credit-us-landlords-rental-market
  3. News - World - UNITED STATES

    Sperm bank in US sued after woman given donor sperm from wrong man

    Posted Oct 03rd 2014, 09:25pm by AP

    ... Associated Press in Cleveland, Ohio Sperm bank sued over donor mix-up A woman in America is suing a sperm bank after she became pregnant with sperm donated by a black man instead of a white man as she had intended. The woman is seeking damages and wants to ensure the sperm bank doesn't make a similar mistake again. Within days of her wedding in New York, Jennifer ...

    http://www.scmp.com/news/world/article/1609006/sperm-bank-us-sued-after-woman-given-donor-sperm-wrong-man
  4. Property - International - UNITED STATES

    Falling US mortgage rates spark rush to refinance

    Posted Oct 22nd 2014, 05:16am by Bloomberg

    ... as weaker-than-expected economic data from Germany to China combine with concern about the Ebola virus, sparking demand for safe investments. The average rate for a 30-year fixed mortgage dropped to 3.97 per ... drove the industry's growth, according to an estimate by the Mortgage Bankers Association. Banks' lending remains far below last year's levels as they struggle to increase ...

    http://www.scmp.com/property/international/article/1621437/falling-us-mortgage-rates-spark-rush-refinance
  5. Business - Economy - UNITED STATES

    Robust consumer spending shields US economy from global turmoil

    Posted Oct 16th 2014, 05:51am by Bloomberg

    ... US economist at Deutsche Bank Securities in New York. "Households are more fixated on the good news here, and a big part of that is the labour market. The US is going to be pretty immune ...

    http://www.scmp.com/business/economy/article/1617258/robust-consumer-spending-shields-us-economy-global-turmoil
  6. Property - International - UNITED STATES

    US regulators target non-bank home loan servicers

    Posted Sep 10th 2014, 04:43am by Bloomberg

    ... Bloomberg in Boston Consumer financial watchdog issues guidance on how to handle the transfer of mortgages Regulators target non-bank home loan servicers Ranjan and Gita Chhibber said they failed in their year-long effort to save their home because of forces beyond their control- a US$1.3 billion mortgage deal between Bank of America Corp and Nationstar Mortgage Holdings. After ...

    http://www.scmp.com/property/international/article/1588772/us-regulators-target-non-bank-home-loan-servicers
  7. Property - International - UNITED STATES

    US Supreme Court to rule on housing discrimination law

    Posted Oct 08th 2014, 07:16am by Bloomberg

    ... theory, which has helped the administration of President Barack Obama get hundreds of millions of dollars in fair-lending settlements with Bank of America Corp, Wells Fargo and other financial ... have said the Fair Housing Act allowed disparate-impact claims. The case could also affect the Equal Credit Opportunity Act, the law used by the administration against Bank of America and Wells ...

    http://www.scmp.com/property/international/article/1611454/us-supreme-court-rule-housing-discrimination-law
  8. News - World - UNITED STATES

    77,000 foreign banks agree to share tax information with United States

    Posted Jun 03rd 2014, 10:07am

    ... Associated Press It will soon get a lot harder to use overseas accounts to hide income and assets from the US tax collectors. More than 77,000 foreign banks, investment funds and other ... Department announced on Monday. The list includes 515 Russian financial institutions. Russian banks had to apply directly to the IRS because the US broke off negotiations with the Russian government ...

    http://www.scmp.com/news/world/article/1524333/77000-foreign-banks-agree-share-tax-info-united-states
  9. News - World - UNITED STATES

    College does make you richer, US Federal Reserve bank study shows

    Posted May 06th 2014, 09:57pm by Reuters

    ... in Monday's economic letter from the bank. In short, they found, "college is still worth it". A college student who pays US$21,200 in yearly tuition will recoup that investment by age 38, ... a study published by the Federal Reserve Bank of San Francisco shows. That's after accounting for the high cost of college tuition and the four years of wages lost during the time it takes ...

    http://www.scmp.com/news/world/article/1506122/college-does-make-you-richer-us-federal-reserve-bank-study-shows
  10. News - World - UNITED STATES

    Chelsea Clinton gives birth to baby girl

    Posted Sep 27th 2014, 02:00pm by Reuters in Washington

    ... Clinton, who is married to investment banker Marc Mezvinsky, had announced that she was pregnant in mid-April. Even President Barack Obama offered due-date jokes this week while attending ...

    http://www.scmp.com/news/world/article/1601650/chelsea-clinton-gives-birth-baby-girl

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