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  • *Stock exchange head sees' signs of normalization'. ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, holding down the main Athens index which otherwise looked as if it was turning the corner after the previous day's record rout. On Monday, the Athens General Index lost 16.2 percent, around 8 billion euros in value, on the first day of...

  • ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down in a graphic illustration of the country's financial and economic woes. There were signs, however, that the rout that took 8 billion euros off the market on Monday may be ending as already historically low valuations fall to levels at which...

  • JERUSALEM, Aug 4- Leumi, Israel's second-largest bank, said on Tuesday it had sold another 5.2 percent stake in conglomerate Israel Corp for 500 million shekels. Leumi said it had sold the 400,000 shares of Israel Corp on Monday to a number of unnamed entities at 1,250 shekels each. Leumi still holds 5.9 percent of Israel Corp, the parent company of potash producer...

  • ATHENS, Greece— Greece's left-wing government conceded Tuesday that dissent within the ruling party was likely to force an early election, while markets fell again under the weight of plummeting bank shares. Greece's economy is reeling from the impact of limits on money withdrawals and transfers that the government imposed on June 29 to avoid a collapse of...

  • ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country's continuing financial and economic woes. Gaming group OPAP was up 3.5 percent and Aegean Airlines (AGNr.AT> gained 2.7 percent. The Athens index lost 16.2 percent on Monday, the worst fall on record, wiping out nearly 8...

  • ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country's continuing financial and economic woes. Gaming group OPAP was up 3.5 percent and Aegean Airlines (AGNr.AT> gained 2.7 percent. The Athens index lost 16.2 percent on Monday, the worst fall on record, wiping out nearly 8...

  • ATHENS, Aug 4- Greek stocks were down 4.5 percent in early trade on Tuesday, dragged down by another near 30 percent plunge in banking stocks, a day after sustaining record losses when the bourse opened following a five-week shut down. The main Athens index lost 16.2 percent on Monday, the worst fall on record, as investors reacted to continuing questions about a new...

  • MANILA, Aug 4- Gold hovered near a 5-1/ 2- year low on Tuesday, still pressured by expectations that the Federal Reserve was well on course to raise interest rates this year. "I think it underscores our sense that the Fed may take a cautious approach, hence perhaps defer the first hike to December," said Vishnu Varathan, senior economist at Mizuho Bank in Singapore.

  • SYDNEY, Aug 4- Australia's central bank held interest rates at record lows on Tuesday in a widely expected decision, but surprised markets by toning down calls for a further fall in the local dollar. The currency jumped half a U.S. cent to $0.7348 after the Reserve Bank of Australia dropped a reference to a further decline being necessary, saying only that the...

  • NEW YORK, Aug 3- New York state's financial watchdog effectively suspended Promontory Financial Group LLC, a prominent consulting firm, from doing regulatory work for banks licensed by the state after finding that it whitewashed reports it gave to authorities. The New York State Department of Financial Services found that Promontory was not sufficiently...

  • ATM cash machines outside a branch of the Royal Bank of Scotland in Edinburgh.

    The sale of Royal Bank of Scotland shares marks the UK's biggest privatization move at a loss to the taxpayer, The Financial Times reports.

  • Bank of America and Merrill Lynch split not viable: CIT CEO

    CIT Group CEO John Thain discusses Merrill Lynch and Bank of America, the NYSE halt, and current markets.

  • Should be more of this in the banking industry: CIT CEO

    CIT Group CEO John Thain discusses CIT Group acquiring OneWest bank, the economy, and the regulatory environment.

  • *Britain starts sale of RBS stake at a loss. *UK faces loss on 45 bln stg RBS bailout after profit on Lloyds. LONDON, Aug 3- Britain started the sale of a 2 billion pounds stake in Royal Bank of Scotland on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the financial crisis.

  • There's money to be made in energy: Pro

    Keith Banks, U.S. Trust president shares his outlook on the markets and top sector picks.

  • These are the changes HSBC must make

    Chris Wheeler, banks analyst for Atlantic, discusses the challenges facing HSBC.

  • MEXICO CITY, Aug 3- Mexican companies warn they will have to raise prices if a steep slide in the peso currency persists, adding pressure on the central bank to hike interest rates despite a weak economy. Price hikes by manufacturers could push service providers to follow suit, unleash demand for higher wages and undo Mexico's success in bringing down inflation.

  • FRANKFURT/ ATHENS, Aug 3- Greece is unlikely to ask for an increase in emergency funding from the European Central Bank for weeks, because its liquidity buffer has risen thanks to cash inflows and central bank help, two sources familiar with the situation told Reuters. The bank liquidity buffer has grown to about 5 billion euros from 1 billion to 2 billion euros at...

  • Mid-2016: Greece heading back to positive growth? Monday, 3 Aug 2015 | 5:00 AM ET
    Mid-2016: Greece heading back to positive growth?

    Nikos Vettas, general director at Foundation for Economic & Industrial Research, discusses the current uncertainty surrounding Greece's economic activity.

  • HSBC is in 'transitional period': Pro Monday, 3 Aug 2015 | 4:05 AM ET
    HSBC is in 'transitional period': Pro

    Eric Moore, fund manager at Miton, explains why HSBC is the "world's most complex bank", while discussing its earnings report.

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