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  • 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...

  • *BMW says change to outlook cannot be ruled out. FRANKFURT, Aug 4- BMW, the world's biggest luxury carmaker, warned on Tuesday that its outlook could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time in a decade. The German company, which had already said in May that growth in China would be "less dynamic,"...

  • 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...

  • Pumpjacks operated by XX pump petroleum from the ground on September 23, 2014 near Ruehlermoor, Germany.

    Squawk Box Live in Europe gave you analysis on the commodities market, with U.S. crude falling 4 percent in the previous session.

  • *BMW down as earnings momentum slows. LONDON, Aug 4- European stock markets lost ground on Tuesday, with French bank Credit Agricole and German carmaker BMW among the worst performers after reporting results, while weak oil prices also weighed on energy stocks. Falls in Credit Agricole and BMW contributed to the French and German markets slipping back on Tuesday.

  • LONDON, Aug 4- Major currencies closely linked to commodities prices recovered some ground on Tuesday after a rough few weeks, as oil prices steadied and Australia's central bank changed its tone. The New Zealand dollar, which often tracks the Aussie, gained around half a percent, while the Canadian dollar, helped by a steadying of prices for Brent and U.S. crude,...

  • Aug 3- U.N. sanctions experts have accused British company Soma Oil and Gas of making large payments to Somalia's oil ministry that created a "serious conflict of interest," some of which appeared to have been used to pay off senior officials. The allegations outlined in the report, which has been submitted to the U.N. Security Council's Somalia/ Eritrea sanctions...

  • 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...

  • DUBAI, Aug 4- Investcorp has named David Tayeh as head of its corporate investment business in North America, the Bahrain- based alternative investment firm said on Tuesday. Tayeh was previously a partner and leader of private equity deals at CVC Capital Partners, a private equity firm with offices in Europe, the United States and Asia. Investcorp has made several...

  • These are the original chronicles of Iraq's rich and tumultuous history— and now librarians and academics in Baghdad are working feverishly to preserve what's left after thousands of documents were lost or damaged at the height of the U.S.-led invasion. As Islamic State militants set out to destroy Iraq's history and culture, including irreplaceable books...

  • Toyota Prius

    Results easily beat analyst estimates, as costs cuts and currency gains made up for slightly weaker vehicle sales.

  • Toyota Motor Corp. had a fiscal first quarter profit of 646.3 billion yen, up from $587.7 billion a year earlier. But it sold about 127,000 fewer vehicles compared to last year, at 2.1 million vehicles during the quarter, as sales languished in Japan, other parts of Asia, and Europe. The manufacturer of the Prius hybrid, Lexus luxury model and Camry sedan was hit by a...

  • FRANKFURT, Germany— German luxury automaker BMW saw net profit slip 1 percent in the second quarter amid higher costs to bring out new vehicles and a tougher market in China, a major pillar of its profits. Munich- based BMW AG also said it sold a less profitable product mix containing more compact cars, which typically earn less per vehicle. BMW faces tough...

  • LONDON— The U.K. government said Tuesday it sold 5.4 percent of taxpayer-owned Royal Bank of Scotland for 2.1 billion pounds as it begins to shed a majority stake acquired at the height of the financial crisis in 2008.. "This is an important first step in returning the bank to private ownership, which is the right thing to do for the taxpayer and British businesses,"...

  • A pedestrian passes a Credit Agricole SA bank branch in Rodez, France.

    Philippe Brassac makes his mark with a management reshuffle, as the bank nears a settlement with U.S. authorities on sanctions.

  • PARIS, Aug 4- Credit Agricole's new chief executive made his mark on Tuesday with a management reshuffle, as the bank nears a settlement with U.S. authorities over possible sanctions breaches. Like his predecessor, Brassac, 55, has spent his entire career at Credit Agricole, but away from its financial headquarters in Paris, mostly in the south of France.

  • 2016 BMW 7 Series

    Second-quarter operating profit eases 3 percent on slowing China sales, leading carmaker to caution that earnings momentum was slowing.

  • ATHENS, Greece— After so much pain, Greece must now figure out how to get its economy back on its feet. The advice to Greece from economists is simple: focus on the basics. Political instability, a hallmark of Greece's crisis, is highly toxic for investors, who need to know that the rules for business won't change unexpectedly.

  • LONDON- Bank of England announces interest rate decision- 1100 GMT. LONDON- Bank of England will release the minutes from its August policy meeting- 1100 GMT. LONDON- Bank of England to release inflation report- 1100 GMT.

  • NEW YORK— Poland lacks probable cause to extradite a Russian art dealer living in New York on criminal charges accusing him of knowing that an 18th- century painting taken from a Polish museum by the Nazis during World War II was stolen property when he inherited it from his father, a judge ruled Monday. District Judge Jed Rakoff in Manhattan rejected the request...