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(MENAFN - AFP) The euro slumped to an 11-year-low against the dollar and stocks finished up on Thursday after the European Central Bank said it will begin a 1.1-trillion-euro bond buying programme next week.

The euro sank to $1.0988 -- Its weakest level since September 2003 -- after trading at $1.1080 late in New York on Wednesday.

The euro's further tumble came after ...

(MENAFN - AFP) The European Central Bank expressed confidence Thursday that its bond buying programme, which begins next week, would help drive the eurozone economy out of its doldrums, but the bank retained its tough-talking stance on Greece.

At the ECB's regular policy meeting, held in Nicosia, Cyprus this time instead of the usual venue of Frankfurt, the governing council ...

(MENAFN - AFP) They have fighter jet-type accelerations, custom-made interiors and seven-figure price tags: "supercars" are centre stage at the Geneva Motor Show, even as one of its legendary stars is bowing out.

The last Bugatti Veyron ever to be made has pride of place at the show for auto enthusiasts to bid farewell after the brand announced last month that it had sold ...

(MENAFN - AFP) The Bank of England on Thursday voted to keep its main interest rate at 0.50 percent for a sixth year running, as Britain balances deflation fears against steady growth.

As well as keeping the rate at a record-low level, policymakers decided to maintain the level of quantitative easing (QE) cash stimulus at £375 billion ($572 billion, 517 billion euros), the ...

5 Mar 2015   Oil prices climb higher 
(MENAFN - AFP) Oil prices climbed Thursday as Libyan unrest offset a jump in US crude stockpiles, analysts said.

US benchmark West Texas Intermediate for delivery in April added 59 cents to $52.12 a barrel.

Brent North Sea crude for April also gained 59 cents to $61.14 a barrel approaching midday in London.

The US Department of Energy (DoE) on Wednesday said commercial ...

(MENAFN - AFP) Cash-strapped Greece had been hoping that the European Central Bank -- which is about to pump billions into the eurozone economy -- would help ease its torment, but so far the ECB has been markedly reluctant to come to its aid.

These are the key issues over which they are at loggerheads:

- Holder of the purse strings -

The bank -- ...

(MENAFN - AFP) The euro hit its lowest level for more than 11 years Thursday, with investors awaiting key updates from the European Central Bank over its latest stimulus programme.

The euro slid to $1.1026 -- the lowest level since September 2003. It later stood at $1.1046, down from $1.1080 late in New York on Wednesday.

"That advance for the dollar by default is of ...

(MENAFN - AFP) Britain's Serious Fraud Office is investigating money-market auctions launched by the Bank of England during the financial crisis, the central bank has said, dealing another blow to the City's reputation.

The bank said that it had commissioned an inquiry into "liquidity auctions during the financial crisis in 2007 and 2008," and had referred the results to ...

(MENAFN - AFP) Liberia discharged its last confirmed Ebola patient on Thursday, as it reported for the first time in nine months it had gone a full week without any new infections.

Beatrice Yordoldo left the Chinese-built Ebola treatment unit (ETU) in the Paynesville suburb of the capital Monrovia to cheers from healthcare workers, government officials and aid workers.

"Today ...

(MENAFN - AFP) The first large-scale trial of an Ebola vaccine will begin in Guinea at the weekend, the World Health Organization said Thursday, weeks after a similar test kicked off in neighbouring Liberia.

The Phase III testing of the vaccine -- one of two that are in the most advanced stages of development -- aims to ensure it provides protection against the virus that ...

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