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  • LONDON— BP is reporting a second-quarter loss after the London- based oil company set aside another $10.8 billion to cover the cost of the Deepwater Horizon accident. BP on Tuesday reported a net loss of $5.82 billion compared with net income of $3.37 billion a year earlier. The report is the first since BP announced a deal that will provide a further $18.7 billion...

  • JAKARTA, July 28- British Prime Minister David Cameron sought to forge closer business ties with Indonesia on Tuesday, saying British investment could easily double if deals can be clinched on infrastructure projects. Indonesia is Cameron's first stop on a four-day trade mission to Southeast Asia to spur lucrative business deals and encourage new...

  • SYDNEY- Reserve Bank of Australia Governor Glenn Stevens speaks at the Boao Forum for Asia Financial Cooperation Conference, hosted by the New South Wales government- 0030 GMT. KYOTO- Bank of Japan board member Koji Ishida speaks to business leaders in Kyoto- 0130 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting.

  • NEW YORK, July 27- Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about the economic health of the world's biggest energy consumer, while evidence of a growing crude glut mounted. Brent crude oil settled down $1.15, or 2 percent, at $53.47 a barrel. U.S. crude closed down 75 cents, or 1.6 percent, at $47.39.

  • CHICAGO, July 27- Chicago Board of Trade corn and soybean futures plunged to their lowest in more than a month on Monday as improving weather for crop development across the U.S. "The perception is the crops are stabilizing, if not improving in some areas," said Tom Fritz, analyst at EFG Group. Corn posted the biggest decline, with the front-month contract shedding 4.8...

  • Shanghai market records biggest daily loss since 2007. Wall Street was down on worries over China's slowing growth, crystallized by a stunning 8.5 percent fall in shares in Shanghai that also rattled equity markets in Europe and Asia. China's top securities regulator quickly said the government would continue to buy shares to stabilize the stock market as an...

  • This summer's Shanghai stock market shock is also deepening anxiety that a cooling of the Chinese economy will lead to sharply lower global growth, while weak consumer prices are undermining assumptions that U.S. interest rates will soon rise. "We're worried that the recent weakness in commodity prices could signal a loss of momentum in global growth that...

  • LONDON— Have a question about artificial intelligence and think theoretical physicist Stephen Hawking is the man to ask? Hawking is giving the Internet-going public a rare chance to pose direct questions to him on Reddit, the user-powered news and discussion forum. The celebrity scientist is speaking on the perils and promises of artificial intelligence, a...

  • LONDON, July 27- Speculators have confirmed what everyone else has been thinking: expect more falls in commodities, as worries about China and higher interest rates combine with waning sentiment to suggest markets are heading further south. Losses are not new, with oil and gold having peaked in July 2008 and September 2011 respectively, while iron ore has been on...

  • *China- exposed stocks among top decliners. LONDON, July 27- European equities dropped to a two-week low on Monday, recording their fifth straight daily decline, as fears for China's growth prospects overshadowed some forecast-beating results. But shares fell further following a weaker start on Wall Street on concerns that China's growth prospects were...

  • CHICAGO, July 27- Chicago Board of Trade corn and soybean futures plunged to their lowest in more than a month on Monday as improving weather for crop development across the U.S. "The perception is the crops are stabilizing, if not improving in some areas," said Tom Fritz, analyst at EFG Group. Corn posted the biggest decline, with the front-month contract shedding 4.5...

  • BRUSSELS/ ATHENS, July 27- International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday. The government of Prime Minister Alexis Tsipras has pushed two packages of measures through parliament this...

  • NEW YORK, July 27- Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets spread concerns about the economic health of the world's biggest energy consumer, amid evidence of a growing crude glut. Brent crude oil was down 95 cents, or 1.7 percent, at $53.67 a barrel by 11:35 a.m. EDT. U.S. crude slipped 55 cents, or 1.2 percent, to $47.59,...

  • Wall Street opened lower on worries over China's slowing growth, crystallized by a stunning 8.5 percent fall in Shanghai that also rattled equity markets in Europe and Asia. Share indices in Frankfurt and Paris tumbled more than 2 percent, while London's FTSE 100 was off nearly 1 percent. Japan's Nikkei slipped nearly 1 percent, while MSCI's broadest index of...

  • With Chinese market turmoil and a slide in commodity prices throwing doubt over the strength of global growth, some sterling traders are starting to question whether the Bank of England will raise interest rates as soon as many had pencilled in. Lee Hardman, a currency economist at Bank of Tokyo-Mitsubishi UFJ in London, said doubts over whether the U.S.

  • NEW YORK— The worst drop in China's stock market in eight years helped drag down other markets around the world Monday. Faced with a drop in stock prices in Asia, Europe and the U.S., investors moved into traditional safe havens. "There remain very few buyers out there and there are some growing concerns that we're looking at a slowdown in global economic growth," said...

  • LONDON, July 27- Average daily volumes of trading in the currency markets fell back from record highs in the six months to April, digesting a shock decision by the Swiss National Bank to jettison a cap on the franc, a regular survey by the Bank of England showed. Daily trading in London, the world's main foreign exchange centre, was 8 percent lower at $2.48 trillion a...

  • July 27- Bellerophon Therapeutics Inc said its implantable heart device failed to prevent heart failure in patients in a large study, casting doubts over an approval for the device in Europe. The device, Bioabsorbable Cardiac Matrix, was licensed to Bellerophon by BioLineRx Ltd in 2009.. BioLineRx's U.S.-listed shares fell 18 percent to $1.76 in premarket...

  • LONDON, July 27- The jury in the London trial of former trader Tom Hayes, who is charged with eight counts of conspiracy to defraud by manipulating global Libor interest rates, retired on Monday to consider its verdict after hearing nine weeks of evidence. Hayes, a 35- year-old former UBS and Citigroup yen derivatives trader based in Tokyo, pleaded not guilty to...

  • Hayes, a 35- year-old former UBS and Citigroup yen derivatives trader based in Tokyo, pleaded not guilty to charges he conspired to rig the London interbank offered rate, a benchmark for $450 trillion of financial contracts and loans worldwide, between 2006 and 2010..