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  • *Greece concerns hang over markets. NEW YORK, July 2- The U.S. dollar index fell from a three-week high on Thursday as chances of a U.S. interest rate hike as soon as September took a hit following a weaker-than-expected U.S. payrolls report, while Wall Street and world stock markets also ticked down. Across the Atlantic, Greece was headed to a referendum on Sunday that...

  • LONDON, July 2- Tom Hayes, a former trader on trial in London on Libor-rigging charges, said he must have been either stupid or untroubled by his business practices because he left reams of evidence, according to documents presented to the court on Thursday. In the first trial of an individual accused of benchmark interest rate manipulation, the court heard that...

  • HOUSTON, July 2- BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act...

  • LONDON, July 2- In all the huff and puff over Greece in the past month, a number of major banks and investors have decided the main driving force behind the dollar's 18- month surge against the euro is evaporating. But with some money market interest rates implying a full percentage point increase in official U.S. rates by the start of 2017 and the European Central...

  • LONDON, July 2- BP's $18.7 billion settlement over the 2010 Gulf of Mexico spill draws a line under years of uncertainty to allow it to focus once again on growth but could make it an acquisition target. The British energy giant, whose shares are still some 35 percent below their value before the largest offshore spill in U.S. history, still faces headwinds from the...

  • The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help. But Germany, another major creditor to Greece, is resisting, even though it should know better than most what debt relief can achieve. The 1953 agreement, in which Greece and about 20 other countries effectively wrote off a large chunk of...

  • *Some caution prevails over long July 4 weekend, Greece and Iran. But with the Greek debt crisis unresolved and Iran nuclear talks pending, and Friday's U.S. The market is also expecting latest weekly estimate on the U.S. oil rig count from industry firm Baker Hughes at 1:00 p.m. EDT.

  • *Greece concerns hang over markets. NEW YORK, July 2- The U.S. dollar index fell from a three-week high on Thursday as chances of a U.S. interest rate hike as soon as September took a hit following a weaker-than-expected U.S. payrolls report, while Wall Street and world stock markets were slightly higher. Greece heads to a referendum on Sunday that could decide its...

  • July 2- BP has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico oil spill. PAVEL MOLCHANOV, ANALYST AT RAYMOND JAMES:. "The total amount-- $18.7 billion-- obviously is a massive payout, but it's spread over 15 to 18 years, making it quite manageable from a cash flow standpoint.

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, July 2- European shares fell on Thursday under pressure from concerns over Greece's debt crisis and with a rebound in the euro weighing on exporters that typically benefit from the single currency's weakness. Electrolux, which owns the Frigidaire, Kenmore and Tappan brands, fell about 10...

  • July 2- BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. Clean Water Act fines and natural resources damages, along with claims by Alabama, Florida, Louisiana,...

  • July 2- BP said it has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico spill. BP said the agreement covered claims from the states Of Alabama, Florida, Louisiana, Mississippi and Texas and 400 local government entities. Florida's Attorney General said her state's economic damages...

  • *Glencore takeover risk rises as shares fall. LONDON, July 2- Anglo American is planning to cut between 5 and 20 percent of staff at head offices around the world, sources close to the matter said, in an effort to keep shareholders on side and respond to a commodity price rout that has hit profits. Anglo American declined to comment.

  • LONDON, July 2- German utility stocks rose sharply on Thursday after plans for a coal levy were scrapped, outperforming a flat showing on other benchmark European equity indexes that remained dogged by concerns over Greece. The pan-European FTSEurofirst 300 index was also flat while the euro zone's blue-chip Euro STOXX 50 index slipped 0.1 percent.

  • *Sunday's referendum could be flashpoint for Greece. LONDON, July 2- The Swedish crown sank 1 percent on Thursday after the central bank in Stockholm surprised markets by cutting interest rates and saying it would pump more money into the economy, citing risks from Greece. Sweden's Riksbank said that uncertainty abroad had increased and it was difficult to...

  • DUBAI, July 2- Saudi Arabia's economy accelerated in the first quarter of 2015, showing the world's top oil exporter can cope with low energy prices, but growth may slow as the government faces pressure to rein in spending. The figures indicated Saudi Arabia had offset the impact of oil's 50 percent plunge since mid-2014 with a combination of heavy state...

  • LONDON, July 2- European shares made little headway on Thursday, as uncertainty over Greece's debt crisis pegged back the region's stock markets, while Sweden's Electrolux slumped after a U.S. legal challenge to a deal. Electrolux, which owns the Frigidaire, Kenmore and Tappan brands, fell around 10 percent after the United States filed a lawsuit to prevent it...

  • LONDON, July 2- The head of global mining firm Rio Tinto urged governments not to be tempted by protectionism as they try to preserve revenues at a time of weakening commodity prices. Along with rival BHP Billiton, Rio has come under pressure in Australia, home to most of its large mines, over taxes and for flooding the market with new supplies of iron ore which have...

  • Brent futures were trading 29 cents higher at $62.30 per barrel at 0946 GMT. "Overall, production was supported by increased output from the Gulf of Mexico," Barclays said in a note following the publication of the data. Outside the United States, supply from the Organization of the Petroleum Exporting Countries rose to a three-year high of 31.60 million barrels...

  • SEOUL, South Korea— Global stocks were higher on Thursday as expectations for solid U.S. jobs data overshadowed worries about Greek debt. Britain's FTSE 100 was up 1.3 percent to 6,607.79 and France's CAC 40 jumped 2 percent to 4,885.45. The Institute for Supply Management, a trade group of purchasing managers, said its manufacturing index rose to the highest...