Category: Business
Congress OKs higher mortgage loan limit extension
The U.S. Congress on Thursday voted to extend higher loan limits for government-backed mortgages, a move that should help keep borrowing costs low and support the shaky housing sector. At the height of the financial crisis in 2008, the government
Asian stocks down on Europe’s debt worries
Asian stock markets were mostly lower Thursday amid mixed messages from the Fed on how to bolster the fading U.S. economy and as massive European street protests against austerity measures renewed worries about the region’s finances. Oil prices hovered below
Dollar stuck near lows, Asian stocks slip
The dollar was stuck near an eight-month low on Thursday, ground down by expectations of more Federal Reserve easing, while Asian stocks pulled back slightly from a two-year high as markets took a breather from September’s strong rally. The dollar
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