business - "credit"

Millions of homeowners will get no respite from rising mortgage costs despite the Bank of England's decision to cut interest rates for the third time since the beginning of the credit crunch, analysts...

For all practical purposes, these remain tight as tight can be, with credit and mortgages becoming both scarcer and dearer even as official interest rates fall. Only those on standard variable rates a...

With the US Dollar still relatively weak against the majors, there are concerns that import price inflation will rise significantly. The prospect of increased price pressures only compounds the problems that the Federal Reserve already faces as they?ve slashed the federal funds rate by 300 basis points since September in an attempt to forestall a broad-based economic recession and a full-on credit crunch.

The Bank of England did the right thing by cutting interest rates but it is 'behind the curve' in acting to counter the credit crunch, billionaire investor George Soros said.The British central bank c...

The boss of the International Monetary Fund admits it was late to warn on the risk of the continuing global credit woes.

The global financial turmoil could last longer and have a broader impact on the region's economy than previously thought, the ECB warned, even as it left rates unchanged

Despite the upheaval in the stock market, money manager T. Rowe Price Group Inc. posted record earnings, revenue and cash flow in 2007. (TROW)

A fraudster was jailed today for claiming more than £85,000 in tax credits for 16 non-existent children

The U.S. biodiesel industry is in a jam. The price of the raw material it uses most, soy oil, has shot up even faster than crude oil, all but pricing the alternative fuel out of the U.S. market. A hefty tax credit and a big leap in exports to Europe are keeping the industry afloat, angering Europeans, who accuse Americans of flooding their market with artificially cheap fuel.

The billionaire financier, while promoting his new book about the credit crunch, said the situation was more serious than market regulators recognized.