What is historically the worst month for stocks may turn out to be the third quarter's best month for traders.» Read More
LONDON, Sept 4- Oil slipped towards $102 a barrel on Thursday, with a surprise rate cut from the European Central Bank boosting the dollar and hitting commodities priced in the U.S. currency.
*Big push into Asia as reputations damaged in U.S. ZURICH, Sept 4- Switzerland's allure as a place to stash cash has been badly damaged by a U.S.-led campaign against tax cheats, and the country's roughly 140 private banks can no longer rely on a reputation for secrecy to attract wealthy customers.
*Deal could attract Middle Easterners to Africa. DUBAI/ LAGOS, Sept 4- Qatar National Bank on Thursday bought a 12.5 percent stake in Ecobank for about $200 million, its latest purchase in a drive to be the biggest bank in the Middle East and Africa by 2017..
NEW YORK, Sept 4- U.S. Treasury prices fell on Thursday, undermined by aggressive expansionary monetary policy measures from the European Central Bank, including a cut in benchmark interest rates to fresh record lows that negatively impacted inflation sensitive assets.
LONDON, Sept 4- Oil slipped towards $102 a barrel on Thursday, with a surprise rate cut from the European Central Bank boosting the dollar and hitting commodities that are priced in the U.S. currency. Brent crude for October delivery fell 37 cents to $102.40 a barrel by 1329 GMT.
FRANKFURT, Sept 4- The European Central Bank cut interest rates to a fresh record low on Thursday and launched a new scheme to push money into the flagging euro zone economy. The euro zone flatlined in the second quarter of the year and the Ukraine crisis is now weighing heavily on business confidence.
FRANKFURT, Sept 4- The European Central Bank did not take unanimous decisions on the new policy measures it announced on Thursday, ECB President Mario Draghi said. The ECB unexpectedly cut interest rates to a fresh record low, bringing borrowing costs to what Draghi called the "lower bound" of close to zero to lift inflation and support the economy.
FRANKFURT, Sept 4- The European Central Bank will start buying securitised loans and covered bonds next month to help unblock lending in the euro zone, ECB President Mario Draghi said on Thursday.
SINGAPORE, Sept 4- Gold fell close to a 2-1/ 2 month low on Thursday, as the euro dipped versus the dollar and European shares gained after the European Central Bank surprisingly cut interest rates to record lows.
DUBAI/ LAGOS, Sept 4- Qatar National Bank, the Gulf's largest bank, said on Thursday it was buying a 12.5 percent stake in pan-African lender Ecobank Transnational Incorporated. QNB has said it wants to become the largest bank in the Middle East and Africa by 2017- it is currently second in terms of assets, behind South Africa's Standard Bank.
LONDON, Sept 4- The euro fell broadly to hit a 14- month low against the dollar on Thursday, after the European Central Bank cut interest rates to ward off the threat of deflation, catching many investors by surprise.
*Issue expected to be at least $500 million. DUBAI/ KUALA LUMPUR, Sept 4- Goldman Sachs is reviving plans to issue at least $500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
DUBAI, Sept 4- Qatar National Bank, the Gulf's largest bank, said on Thursday it was acquiring a 12.5 percent stake in pan-African lender Ecobank Transnational Incorporated.
LONDON, Sept 4- The Bank of England kept interest rates on hold on Thursday as Britain's economy continued to thrive, although risks to the recovery both at home and abroad remain. The BoE's Monetary Policy Committee left its Bank Rate at 0.5 percent, where it has been since the depths of the financial crisis more than five years ago.
LONDON, Sept 4- The Bank of England kept interest rates on hold on Thursday as Britain's economy continued to thrive although risks to the recovery both at home and abroad remain.
Investigators working on the cyberattack at JPMorgan have found clues that computers sent the stolen data to a Russian city.
*Coming Up: European Central Bank meeting. SINGAPORE, Sept 4- Gold edged up on Thursday as the dollar was flat and European equities mixed, but prices were still near a 2-1/ 2 month low as investors remained cautious ahead of a European Central Bank meeting.
LAGOS, Sept 4- Nigeria's Access Bank has been meeting with domestic investors over the past week to gauge interest in a possible rights issue of 60- 70 billion naira by the fourth quarter, a fund manager and a banking source with knowledge of the roadshow, said on Thursday. Access Bank was also discussing with investors in Abuja.
*MSCI ex-Japan Asia shares retreat from 7- year high. LONDON, Sept 4- A month-long march higher for European and Asian stock markets stalled on Thursday on concerns the European Central Bank will do nothing immediate at its meeting later in the day to address a deteriorating economic outlook.
The ECB will be successful in fighting deflation says Roland Boekhout, CEO of ING-Diba, arguing that the central bank has outperformed everybody's expectations over the past couple of years.
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