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  • *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.

  • Benchmark U.S. crude fell $1.95, or 4.1 percent, to close at $45.17 a barrel in New York. U.S. crude has been declining since reaching a high this year of $61.43 a barrel on June 10. Brent crude, a benchmark for international oils used by many U.S. refineries, was declined $2.69, or 5.2 percent, to $49.52 a barrel in London.

  • NEW YORK— Shares of Michael Kors Holdings skidded to a three-year low Monday as analysts forecast a difficult first quarter and fiscal year for the maker of handbags, clothing and accessories. Michael Kors Holdings Ltd. stock fell $3.37, or 8 percent, to $38.62 in afternoon trading as the broader markets declined. The company said fewer customers visited its...

  • *Britain starts sale of RBS stake at a loss. *UK faces loss on 45 bln stg RBS bailout after profit on Lloyds. LONDON, Aug 3- Britain started the sale of a 2 billion pounds stake in Royal Bank of Scotland on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the financial crisis.

  • *Oversupply worries, weak US, China data hurt market. NEW YORK, Aug 3- Oil sank to six-month lows on Monday with Brent crude falling below $50 a barrel on sluggish U.S. and Chinese economic data and bets for weaker gasoline consumption in the United States after tearaway demand earlier in the summer. Evidence of growing global oversupply and a stock market collapse...

  • LONDON, Aug 3- Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation. After a nine-week trial and seven days of deliberations, the jury of five women and seven men found Hayes, a 35- year-old former UBS and Citigroup...

  • LONDON— The British government said Monday it will start selling its majority stake in taxpayer-owned Royal Bank of Scotland— the first step in recovering money from the country's costliest-ever bank rescue. The UK Financial Investments, which manages the government's stakes in banks bailed out during the 2008 financial crisis, will start immediately by...

  • *Oversupply worries, weak US, China data hurt market. NEW YORK, Aug 3- Oil sank to six-months lows on Monday as sluggish data out of the U.S. and China, and bets for weaker gasoline consumption after tearaway demand earlier in the summer, deepened losses in benchmark crude contracts. Evidence of growing global oversupply and a stock market collapse in China, the...

  • LONDON, Aug 3- Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation. In the first trial of a defendant accused of Libor rigging, Hayes had faced up to 10 years imprisonment for each count of conspiracy over the...

  • LONDON, Aug 3- Tom Hayes, a British former trader, was sentenced to 14 years in jail by a London court on Monday after becoming the first person to be convicted by a jury of conspiring to rig Libor benchmark interest rates following a seven-year global investigation.

  • MEXICO CITY, Aug 3- Mexican companies warn they will have to raise prices if a steep slide in the peso currency persists, adding pressure on the central bank to hike interest rates despite a weak economy. Price hikes by manufacturers could push service providers to follow suit, unleash demand for higher wages and undo Mexico's success in bringing down inflation.

  • MUMBAI, Aug 3- India's Supreme Court on Monday asked the markets regulator to submit an application by September 14 seeking its approval to appoint a receiver to auction conglomerate Sahara's assets and refund investors in the troubled group's illegal bonds. The Supreme Court is "contemplating" appointing a receiver to auction Sahara properties, Shekhar...

  • LONDON— A British judge sentenced a former Citibank and UBS trader to 14 years in prison Monday after a jury found him guilty of masterminding the manipulation of a key interest rate, the London Interbank Lending Rate, or Libor. Judge Jeremy Cooke sentenced 35- year-old Tom Hayes, who specialized in products pegged to yen-denominated Libor, after jurors found...

  • *U.S. manufacturing activity fell in July. NEW YORK, Aug 3- The dollar pared gains against the euro on Monday after data showed the pace of growth in the U.S. manufacturing sector slowed in July. The Institute for Supply Management said its index of national factory activity fell to 52.7 from 53.5 the previous month.

  • LONDON, Aug 3- Tom Hayes, a former UBS and Citigroup trader, was found guilty of charges of conspiracy to defraud on Monday as a jury delivered its verdict in the first trial of a defendant accused of Libor interest rate rigging. Hayes, a 35- year-old former yen derivatives trader, faces up to 10 years in jail for each count of conspiracy over the manipulation of the...

  • LONDON, Aug 3- Tom Hayes, a former UBS and Citigroup trader, was found guilty of charges of conspiracy to defraud on Monday as a jury delivered its verdict in the first trial of a defendant accused of Libor interest rate rigging. Hayes, a 35- year-old former yen derivatives trader, faces up to 10 years in jail for each count of conspiracy over the manipulation of the...

  • *July PMI in China curbs risk sentiment. LONDON, Aug 3- Weak data from China helped push oil prices to their lowest in six months on Monday, knocking the Canadian dollar, and sent Asian stocks close to their 2015 lows. The S&P 500, Dow Jones Industrial and Nazdaq markets all looked set to open little changed, shrugging off the troubles of Greece whose stock market...

  • LONDON, Aug 3- The euro fell against the dollar on Monday as the Greek stock market plunged on its reopening following a five-week shutdown during which the country risked being pushed out of the euro zone. The dollar rose to C $1.31725, its highest September 2004. The euro slipped as low as $1.0953, having traded at $1.0990 in early London trade, with most investors...

  • *HSBC to sell Brazil arm to Bradesco for $5.2 bln. HONG KONG/ LONDON, Aug 3- HSBC Holdings beat expectations with a 10 percent rise in first-half profit thanks to a strong performance in Hong Kong and said it had agreed a $5.2 billion sale of its business in Brazil. HSBC said its first-half profit growth was driven by an investing frenzy in Hong Kong among individual...

  • *China July factory activity weaker than feared. *Soft China demand weighs on its export-reliant Asia neighbors. LONDON/ SYDNEY, Aug 3- Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece's brush with bankruptcy.