Mexico's annual economic growth slumped in early 2013 to its weakest in three years, prompting the government to cut growth estimates and backing expectations of another interest rate cut.
LONDON-- Manchester United says it has refinanced more than $290 million of high-interest debt, cutting the club's interest costs by around $15 million a year. Fresh from winning a 20th English title, United says in a statement to The Associated Press that it has secured a new loan from Bank of America with far lower interest rates.
SEATTLE-- College students in Washington state say they need Congress to give them affordable student loans at a rate they can depend on, instead of a yearly debate on rising interest rates.
BEIJING, May 24- China will continue to liberalise interest rates, make the yuan currency more responsive to market forces and more convertible this year, the government said on Friday.
WASHINGTON, May 23- The Republican-dominated U.S. House of Representatives on Thursday voted to switch federal student loan interest rates to a market-based system. The White House also threatened on Wednesday to veto the bill, arguing the plan would create uncertainty for students.
MADRID-- Spain has had to pay higher interest rates to auction off 4 billion euros in governments bonds as financial markets were unnerved by a sharp drop in global stock markets. Spain's borrowing costs have been falling for months as investors gained confidence in the governments management of its finances and fears of a bailout receded.
BEIJING, May 23- China may remove its floor for interest rates as early as this year or next year at the latest, Chinese media said on Thursday, an important step towards freeing the country's tightly-controlled interest rates market.
WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON _ Commerce Department releases new home sales for April, 10 a.m..