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  • 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...

  • CHICAGO— Toy-maker Ty Inc. has created a "Cecil the Lion" Beanie Baby to raise funds for animal conservation efforts. Ty Inc. CEO Ty Warner said Monday the company, based in the Chicago suburb of Westmont, hopes the Beanie Baby will raise awareness for animal conservation and "give comfort to all saddened by the loss of Cecil." Ty said all profits from "Cecil the Lion"...

  • 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...

  • District Judge Paul Crotty in Manhattan said Roger Darin, a Swiss citizen, was "flouting judicial process" by remaining in his home country to avoid arrest while sending lawyers to ask the judge to dismiss the case. Darin's lawyers argued he was not a fugitive since he had never fled, let alone appeared, in the United States since the U.S. Justice Department filed its...

  • LONDON _ Navigator Holdings Ltd. on Monday reported second-quarter earnings of $26.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Navigator Holdings shares have decreased 20 percent since the beginning of the year.

  • DUBLIN _ XL Group PLC on Monday reported second-quarter net income of $915 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Commodity markets battered by weak China data; CRB at 12- yr low. NEW YORK, Aug 3- Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout. U.S. crude had already fallen 21 percent in July, its worst month since 2008 amid mounting...

  • *U.S. jobs data on Friday in focus. NEW YORK, Aug 3- The dollar gained on Monday as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market. "The labor market data on Friday is the big event," said Win Thin, global head of emerging market strategy at Brown Brothers Harriman& Co in New York.