ECB cuts rates to ward off euro zone deflation threat
FRANKFURT (Reuters) – The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels and support the stagnating euro zone economy.
U.S. private sector adds 204,000 jobs in August: ADP
NEW YORK (Reuters) – U.S. companies hired 204,000 workers in August, below what analysts had projected as well as the level set in July, a report by a payrolls processor released on Thursday showed.
U.S. labor costs fall in second quarter; productivity revised down
WASHINGTON (Reuters) – U.S. labor costs were far more weaker than previously thought in the second quarter, a government report showed on Thursday, which could give the Federal Reserve ammunition to maintain its accommodative monetary policy stance for…
U.S. trade deficit smallest in six months on rising exports
WASHINGTON, Sept 4 (Reuters) – The U.S. trade deficit narrowed in July to its lowest point in six months as exports rose to a record high, supporting views of sturdy economic growth in the third quarter.
Manulife to buy Standard Life’s Canadian assets for $3.7 billion
TORONTO (Reuters) – Manulife Financial Corp MFC.TO and Britain’s Standard Life SL.L have agreed a near-$4 billion deal for the Canadian operations of the British insurer as part of a broader global tie-up.
Goldman Sachs plans sukuk issue as Islamic finance goes mainstream
DUBAI/KUALA LUMPUR (Reuters) – 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.
Exclusive: ECB debating ABS, covered bond purchase plan
(Reuters) – Plans to launch an asset-backed securities (ABS) and covered bond purchase programme worth up to 500 billion euros are on the table at Thursday’s European Central Bank policy meeting, people familiar with the discussions say.
Global stocks bounce on sign ECB could launch ABS program
LONDON (Reuters) – European stock markets rose in morning trade on Thursday after sources told Reuters the European Central Bank was discussing launching a program of asset-backed security purchases at its ongoing policy meeting.
Parmalat ordered to pay Citibank $431 million: lawyers
MILAN (Reuters) – An Italian court upheld a ruling by a U.S. court for dairy group Parmalat to pay Citibank $431 million in damages in a case relating to the Italian company’s 2003 bankruptcy, lawyers for the U.S. bank said on Thursday.
Boeing raises China plane demand forecast 8 percent as overseas travel grows
BEIJING (Reuters) – Boeing Co said on Thursday it expects China to need more than 6,020 aircraft in the next 20 years, an 8 percent rise over last year’s two-decade estimate, as growing overseas leisure travel drives demand for single-aisle and wide bo…
