Adam Tyler, CEO of the National Association of Commercial Finance Brokers, says that lending to SMEs through less traditional methods - such as broker-enabled lending - has been steadily growing.» Read More
SYDNEY, Sept 3- London copper drifted on Wednesday in low volume trade, with expectations of fresh supply weighing on prices and dampening investor interest.
WASHINGTON- Federal Reserve Board of Governors holds open meeting to discuss "a final rulemaking to implement a quantitative liquidity requirement in the United States as well as a proposed rule on margin requirements for non-cleared swaps of prudentially regulated swap entities"- 1430 GMT.
NEW YORK— Squeezed into tighter and tighter spaces, airline passengers appear to be rebelling, taking their frustrations out on other fliers. Airlines today are juggling terror warnings in Britain, the Ebola outbreak in Africa and an Icelandic volcano erupting and threatening to close down European airspace.
HOUSTON, Sept 2- BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an alleged conflict of interest before taking the job. "In order to restore the integrity of the claims program, the court should replace him," BP said.
LONDON, Sep 2- Credit Suisse said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday. The newspaper said Zoe Henderson, a trader on the European equities sales desk in London, was alleged to have improperly shared client information with her husband, Toby Henderson, a trader at rival bank RBC Capital Markets.
The Transportation Department turned down a request by Norwegian Air International that would have allowed the carrier to offer new service between London's Gatwick Airport and New York, Orlando, Florida, and other U.S. cities.
*Carmaker says cash crunch delayed redesigned new models. Aston Martin dealers cannot sell DB 9 and Vantage models produced after Aug. 31.
*Weak factory data in China, Europe stoke oil demand fears. NEW YORK, Sept 2- Brent crude oil futures fell to the lowest level in 16 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pushed U.S. prices to a seven-month low.
LONDON— Experts say the seismic activity near the Bardarbunga volcano on Iceland is calming down while tall fountains of fire and lava continue to lick the air along a volcanic fissure, producing a huge plume of steam and gas.
LONDON, Sept 2- Lloyds Banking Group is considering having its registered office in London rather than Edinburgh should Scots vote for independence, banking industry sources told Reuters.
NEW YORK/ LONDON, Sept 2- Gold fell nearly 2 percent on Tuesday, on track for its biggest one-day drop since mid-July, as a combination of a dollar rally, technical selling and a crude oil tumble sent the bullion price to a 2-1/ 2 month low.
*Took place in Eastern Province where minority Shi'ites live. DUBAI/ RIYADH, Sept 2- A small fire broke out on a gas pipeline in eastern Saudi Arabia on Tuesday after assailants shot at a police patrol, security and oil industry sources said, in an incident that may heighten concern about the vulnerability of Saudi energy infrastructure.
*Weak factory data in China, Europe stoke oil demand fears. NEW YORK, Sept 2- Brent crude oil futures fell to the lowest level in 15 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pressured U.S. prices.
The U.S. ambassador to Britain has told Tatler magazine that Britain's Queen Elizabeth II finds the obsession with mobile phone images a bit disconcerting. The monarch expressed her dismay to Matthew Barzun, who spoke with her when presenting his credentials as America's representative.
NEW YORK, Sept 2- The dollar jumped to its highest this year against the yen on Tuesday, lifted by strong U.S. economic data, while the euro slipped to a one-year low on speculation the European Central Bank will move toward looser monetary policy when it meets later this week.
Dollar General sweetens Family Dollar bid, may go hostile. Dollar General Corp raises its bid for Family Dollar Stores Inc to $9.1 billion, and warns it may turn hostile and appeal directly to shareholders if the new offer is rejected.
*Dollar breaks above 105 yen for first time since January. NEW YORK, Sept 2- The euro sagged on Tuesday to fresh one-year lows against the dollar on bets the European Central Bank will do more to help a wobbly euro zone economy, while the pound fell to a near five-month low versus the greenback on worries about a Scottish secession.
Ukraine might need billions in additional support if the fighting between the military and the separatists in the country's east persists through next year, the International Monetary Fund warned Tuesday.
CHICAGO— Archer Daniels Midland Co. is selling its global chocolate business to Cargill for $440 million. The sale includes chocolate manufacturing operations in Hazleton, Pennsylvania; Milwaukee; Georgetown, Ontario, Canada; Liverpool, U.K.; Manage, Belgium and Mannheim, Germany.
*Europe shares edge higher after gains in Japan, China. Investors in Asia had been subdued, having been robbed of their usual U.S. lead-in overnight, but the mood in Europe had seemed brighter until fresh talk of sanctions on Russia and more soft producer prices data triggered a pullback.