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  1. Property - International - INVESTMENT

    Investors plan to step up purchases of homes in United States, survey shows

    Posted Sep 26th 2012, 12:00am by Bloomberg

    ... as landlords rather than as occupants. Demand for rentals has risen as people with damaged credit or who lack money for down payments stay out of the homebuying market. Low mortgage rates and prices ...

  2. Mortgage rout will drag US economy 2.2pc lower

    Posted Dec 12th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu The collapse of the United States subprime mortgage market would drag US economic growth down 2.2 per cent this year to 1.5 per cent next year, said Andrew Freris, BNP Paribas' chief economist for Asia Pacific. Despite a widely anticipated cut by the US Federal Reserve overnight, major financial institutions would continue to make further provisions next year, he ...

  3. Will the US mortgage crisis engulf Asia?

    Posted Mar 25th 2007, 12:00am by Staff Reporter

    ... industry is a problem that just doesn't seem to go away. In early February, HSBC issued its first-ever profit warning due to projected losses from its North American mortgage unit. Last week, ... on March 14. Now, some analysts, like Morgan Stanley chief economist Stephen Roach, are comparing the sub-prime mortgage market to past bubbles- from savings-and-loans in the 1980s to dotcom ...

  4. HSBC may quit US mortgage business

    Posted Mar 06th 2007, 12:00am by Staff Reporter

    ... MARIA CHAN Updated at 8.02pm: HSBC Holdings, haunted by its bad-debt riddled United States sub-prime mortgage business, said it could tackle the problem by selling the American property loan portfolio. The bank?s chief executive Michael Geoghegan on Tuesday said the bank could sell the portfolio to other mortgage providers or sell it to HSBC?s investment bank, which would ...

  5. Property - International - UNITED STATES

    You may save on college housing by buying your child a flat

    Posted Aug 15th 2012, 12:00am

    ... There are still bargains out there for long-term investors. Mortgage rates have risen over the past three weeks, according to Freddie Mac's most recent weekly survey. If the economy improves, rates ... Assuming you have excellent credit and can get a 30-year, fixed-rate mortgage at the ultra-low rate of 3.45 per cent with a 20 per cent down payment, your monthly cost would be US$610, which ...

  6. Fraud case pair to fly to hearing in US

    Posted Jan 11th 2008, 12:00am by Staff Reporter

    ... Loretta Fong The son of the founder of jewellery empire Tse Sui Luen and the company's financial director will fly to Los Angeles this month as part of their bribery trial to hear testimony from a vital witness who is too ill to testify in Hong Kong. The District Court has been hearing the case of Tse Sui-luen, his son and three others who face corruption and fraud charges ...

  7. Fears growing over HK banks' property exposure

    Posted Jun 23rd 2010, 12:00am by Tom Holland

    ... On the other hand, local buyers have been making the most of mortgage rates linked to the Hong Kong interbank offered rate that have fallen as low as 1 per cent thanks to Hong Kong's peg to the US ... But when it comes, Hong Kong will inevitably feel the pain. Recent price increases have already eroded housing affordability, even with mortgage rates at just 1 per cent. According to Joseph Huang ...

  8. Subprime problems unlikely to keep HK market down

    Posted Aug 17th 2007, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp 'Hong Kong stocks fell yesterday, pushing the Hang Seng Index to a two-month low, on concern United States subprime mortgage losses would spread, dampening global ... refrain that I have heard over the last two weeks about this subprime mortgage business in the US- 'Why is anyone surprised? This was waiting to happen for several years. We knew it had ...

  9. News - World - RUSSIA

    Russia anger at US linking of rights and trade

    Posted Nov 19th 2012, 12:00am by McClatchy-Tribune in Moscow

    ... exposed alleged tax fraud involving Russian police. He claimed the scam had cost Russia about US$200 million. Magnitsky was arrested on charges of organising tax evasion for his own firm's executives. He was allegedly tortured and died in a Moscow prison in November, 2009. The circumstances of his death and the fraud claim have never been properly investigated, human rights activists ...

  10. Magazines - Money

    A fair deal for the small investor

    Posted Jun 25th 2012, 12:00am

    ... Kevin McQueen Dan David exposed fraud by Chinese companies, writes Kevin McQueen Dan David, co-founder of the financial information website GeoInvesting, is not a man to beat about the bush when it comes to corporate fraud. The company- based in the rural American town of Skippack, about 50 kilometres northwest of Philadelphia- has made a name for itself by uncovering ...




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