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News For: Variable Annuities And Interest RatesUganda: BOU Governor Criticises Govt for Lending At Low Interest Rates Bank of Uganda governor has criticised lending at almost zero interest rates under the Prosperity for All programme, saying it is likely to counter free growth and strengthening of the financial market. Some sales of AIG annuities on hold Dozens of banks have suspended sales of AIG annuities, a sign of the challenge the company faces holding onto business a week after the government took it over. Payday loans: Should interest rates be capped? About a third of state governments have followed the federal lead in capping interest rates on short-term loans often used by borrowers who live check to check. California isn't one of those states. A bill here died in committee last session, and sponsor Assemblyman Dave Jones, D-Sacramento, hasn't decided yet whether he will try again next year. In 2006, Congress capped rates on payday loans, ... Canara Bank raises FCNR(B) deposit rates BANGALORE: Canara Bank has raised the interest rates on FCNR B deposits denominated in U.K. pound sterling, U.S. dollar, euro, Canadian dollar and Australian dollar, with effect from September 17. The rates are now higher by 50 percentage ... The Dow Jones Is Getting Revitalized SAN DIEGO - Hello Philadelphia cream cheese and good-bye variable annuities! Editors of the Wall Street Journal have decided to replace AIG with Kraft Foods which leaves the Dow somewhat "unbalanced". Riksbank Deputy Chief Says economic downswing may call for lower interest rates RTTNews - Sweden's Riksbank Deputy Governor Barbro Wickman-Parak pointed out at a Monetary Policy meeting Friday that if the activity in the Swedish economy continues to decline, interest rates would have to be reduced more than originally intended. As if the rising interest rates were not worrying enough, now be prepared for the sting of higher service charges. The ... As if the rising interest rates were not worrying enough, now be prepared for the sting of higher service charges. The financial sector in the country has been battling rough weather for a while now. National Bank of Hungary official interest rates -19/09/2008 BUDAPEST. SEPTEMBER 19. INTERFAX CENTRAL EUROPE - Following is a table of official money market rates as set by the National Bank of Hungary MNB. The central bank's Monetary Policy Council kept official interest rates unchanged at its August sitting. Tighter credit puts brakes on Madison area real estate developments Bad loans on a handful of high profile projects have caused Wisconsin banks to toughen credit standards for developers.The banks haven't stopped making commercial loans, but they're demanding higher interest rates, more sales or leases prior to construction and lower loan-to-value ratios, which requires more investment capital."Commercial credit is getting much harder to find, especially real ... (AFX UK Focus) 2008-09-22 10:53 Turkish interest rates can be cut -PM ANKARA, Sept 22 Reuters - Turkish Prime Minister Tayyip Erdogan said on Monday that his view on interest rates differed from that of the central bank and that rates can be cut. |