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  • HOUSTON, Sept 22- Expiring front-month U.S. October crude oil futures extended losses to more than $1 on Monday, as ample supply and concerns about sluggish demand for petroleum from Europe and China put pressure on prices. October crude, off a fourth straight session, was down $1.13 at $98.28 a barrel at 11:09 a.m. CDT.

  • European shares close lower; Tesco tanks Monday, 22 Sep 2014 | 12:11 PM ET

    European shares closed down on Monday, with sentiment curbed by lower commodity prices as well as an profit warning from supermarket Tesco.

  • MILAN/ LUANDA, Sept 22- Angola's liquefied natural gas plant faces major reconstruction to fix design flaws and corrosion of nearly-new equipment, threatening to extend a lengthy closure and pushing unofficial estimates of the project's cost to at least $12 billion.

  • Greece: Homeless used in VIP taxi scam Monday, 22 Sep 2014 | 11:46 AM ET

    ATHENS, Greece— Police have busted a phony VIP taxi service in Greece that was using the bank accounts of homeless people to collect deposits from cab drivers. Police spokesman Christos Parthenis said Monday that seven people have been arrested.

  • NEW YORK, Sept 22- Concern about a potential economic slowdown in China pressured world stock indexes on Monday while Brent crude oil fell below $97 a barrel on sluggish demand and ample supplies.

  • Swiss bank UBS loses $1.4B bail appeal in France Monday, 22 Sep 2014 | 11:32 AM ET

    BERLIN— Swiss bank UBS AG has failed to overturn a bail order for 1.1 billion euros set by a French court in a tax evasion and money laundering case. The Zurich- based bank said it was informed Monday of the appeals court decision, which it said failed to take into account the arguments it put forward.

  • SOCHI, Russia, Sept 22- Promsvyazbank, one of Russia's largest private banks, sees its corporate loan book growing by around 30 percent this year on demand from large companies which cannot tap Western markets due to sanctions, its CEO said.

  • European shares fall on China growth jitters Monday, 22 Sep 2014 | 10:42 AM ET

    PARIS/ LONDON, Sept 22- European shares fell on Monday, with a benchmark index retreating from the previous session's near-seven-year high, as concern over the pace of growth in China knocked down mining heavyweights such as Rio Tinto and BHP Billiton.

  • FOREX-Dollar softens after record run-up Monday, 22 Sep 2014 | 10:42 AM ET

    An exception was the Australian dollar, stung by concerns over global growth and suggestions at a meeting of G20 officials that China might hold off from further stimulus for the economy. Australia's currency is often used as a liquid proxy for China plays, as the two countries are major trading partners.

  • LONDON, Sept 22- Silver prices slid to their lowest in four years on Monday, with the prospect of rising U.S. interest rates undermining precious metals and industrial commodities dented by worries over Chinese demand. By 1259 GMT it had recovered to $17.70 an ounce, down 0.3 percent.

  • BRUSSELS, Sept 22- The European Central Bank stands ready to use additional unconventional tools if needed to spur inflation and growth in the euro zone, ECB President Mario Draghi said on Monday. Such quantitative easing, or QE, would face strong resistance in Germany.

  • BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez on Monday will meet bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest debt default, a government minister said.

  • BERLIN, Sept 22- France's Manuel Valls used his first visit to Berlin as prime minister on Monday to try to convince Germany his government is serious about making its economy more competitive, declaring that France "is not the sick child of Europe."

  • Maestro Muti skipping strike-plagued Rome theater Monday, 22 Sep 2014 | 9:49 AM ET

    ROME— Riccardo Muti won't be picking up the baton to conduct at Rome's strike-plagued Teatro dell'Opera. Muti had been set to conduct Verdi's "Aida," starting Nov. 27, and Mozart' s "Le Nozze di Figaro," in spring 2015. Past performances conducted by Muti sold out, boosting both the theater's prestige and coffers in a country where opera is dominated by Milan's La Scala.

  • MANCHESTER, England, Sept 22- Britain's opposition Labor party promised on Monday to keep a firm grip on spending if it wins next year's election, seeking to persuade voters with tough budget talk that the recovering economy will be safe in its hands.

  • 'The Lion King' earns record box office Monday, 22 Sep 2014 | 9:46 AM ET

    With a worldwide gross of over $6.2 billion, "The Lion King" stage musical has now achieved the most successful box office total of any work in any media in entertainment history, The Associated Press has learned.

  • Draghi: Euro recovery losing momentum Monday, 22 Sep 2014 | 9:38 AM ET

    FRANKFURT, Germany— European Central Bank head Mario Draghi defended the bank's new stimulus programs as he warned that the weak economic recovery in the eurozone "is losing momentum."

  • MOSCOW, Sept 22- Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.

  • MOSCOW, Sept 22- Russia's auto market shows no signs of improving in the next two years having been hit by an economic slowdown and weak rouble, the head of Ford Motor Co's Russian venture told Reuters. Russia had been expected to overtake Germany as Europe's biggest auto market earlier this decade, but its progress has been delayed.

  • UPDATE 1-ECB's Praet - give euro zone a seat at IMF Monday, 22 Sep 2014 | 8:51 AM ET

    BERLIN, Sept 22- The euro zone should have its own single representation at the International Monetary Fund, the European Central Bank's chief economist said on Monday, a call which may encounter resistance around the bloc.