Business

Mortgage rates level off

Mortgage rates are closely related to yields on long-term government bonds. The average 15-year mortgage rate this time last year was 2.95 percent. This type of loan bears an annual percentage rate of 4.413%. The 7/1 ARM deals are being offered for 3.700% today and an April of 3.9398%. A statement from the broker says: "While this is great news for landlords who favour shorter term products, those wishing to lock into record low rates for the longer term must act quickly".

Business

Kenyan Court Rules Government Cannot Close World's Largest Refugee Camp

Judge John Mativo, who issued the ruling, said Kenya's internal security minister had abused his power by ordering the closure of the camp, which borders Somalia, in May past year. The government says that the attacks on it soil was planned by Somalia-based al-Shabab group within the camp. Many argue that the government is using the refugees as a scapegoat , contending that the security issues are stemming from corruption and the lack of proper counterterrorism efforts to deter the attacks.

Business

Thomas Cook says bookings ahead of a year ago on expanded European offering

In September the Bulgarian unit of Thomas Cook said it targets 34% growth of foreign tourists in 2017. The cost of summer holiday packages have shot up by nine per cent at Thomas Cook, as bosses report a surge in demand for Spanish island breaks .

Business

Cognizant Technology Solutions Corporation's (CTSH) "Outperform" Rating Reaffirmed at Wedbush

With the expectation of repurchasing approximately 1.5 billion shares in 1st quarter, the company will be initiating 15 cents on each share as the dividend in cash followed by 1.2 billion share repurchasing during the years 2017-2018. Deutsche Bank AG reaffirmed a "buy" rating and issued a $69.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Friday, October 21st.

Business

Canada gives aid to Bombardier, vows to defend any trade dispute

The South American government says in a news release that it has requested consultations with Canada under the WTO dispute settlement system. The foreign ministry in Brazil said it had requested consultations with Canada at the WTO "over subsidies given by the Canadian government at a federal, provincial and local level to the aerospace industry".

Business

Captain Cook steps down as Test Captain

For all that Cook oversaw series wins in India (2012) and South Africa (2016) as well as the 2013 and 2015 home Ashes triumphs, England stuttered previous year. "I've tried - whether I've got it right or wrong - to do what's best for English cricket at that time". Cook is England's highest run-scorer in Test cricket, accumulating 11,057 runs in 140 matches, and his reliability at the top of the order will be key to whoever takes over as captain.