BSP expresses concern over peso's rapid rise.
The Bangko Sentral ng Pilipinas cautioned that a rapid rise in the peso remained a concern, as the local currency jumped 0.7 percent to R46.80 against the dollar yesterday. "What concerns us...is any rapidity in the peso's up moves, which could be disruptive to business planning. We...

H1 corporate results to boost buying.
Byline: EDU LOPEZ The first half corporate results are expected to further boost buying positions on key and select issues as the market continued to gain momentum. BPI Securities said buying strength firmed with the index having hit the upper limit of the support range....

P/$ rate closes at P45.74/$ 1.
The peso exchange rate closed lower at P45.74 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P45.36 the previous day. The weighted average rate depreciated to P45.711 from P45.165. Total volume amounted to $ 738.7 million. Limited sub-prime exposure ...

Asian stock markets recover somewhat.
Byline: IAN CHUA HONG KONG, Aug. 13 (Reuters) -- Asian stock markets made a tentative recovery and the yen steadied on Monday after central banks around the world pumped money into banking systems to soothe fears of a global credit crisis. European stocks rose in...

Turbulence in credit markets--mortgage financing at home and abroad.
Speech by Governor Svein Gjedrem at the annual meeting of the Norwegian Savings Banks Association (1) Financial markets in different countries have become more closely interwoven over the past few years. New participants have appeared and new and more complex products to diversify risk have been introduced--also...

RAPIDLY RISING DEFAULTS.
Byline: Joe Mosley The Register-Guard In the first six months of last year, 334 Lane County homes were being foreclosed on. Fast forward to this year, when that number almost doubled - to 584 - in the same time period, according to RealtyTrac, which maintains...

A freeze, not a bailout.
Byline: The Register-Guard The agreement announced Thursday by President Bush to help homeowners who face ruinous increases in adjustable-rate mortgage payments steers clear of the worst pitfalls presented by any such plan: It's voluntary, doesn't involve taxpayer money and won't reward speculators. The agreement rests...

Finance leaders vow to limit economic fallout from crisis.
Byline: Jeannine Aversa WASHINGTON (AP) -- Finance officials from the world's top economic powers pledged to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge Friday. "We remained committed to doing our...

Plan to offer foreclosure counseling.
Byline: Joe Mosley The Register-Guard Gov. Ted Kulongoski announced plans on Friday to provide counseling and other assistance to homeowners who may be in danger of mortgage foreclosure, as default rates on home loans continue to rise nationwide. "There are things we can do today...

Banks start mortgage relief fund; Program to help New England.
Byline: Mark Jewell BOSTON - Five banks have created a $125 million fund to refinance mortgage loans for New England borrowers who are keeping up with monthly payments but face interest rate increases that could eventually put them at risk of losing their homes. The...