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  • 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.

  • 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.

  • *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.

  • 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 $3.28, or 7.8 percent, to $38.71 as the broader markets declined. The company said fewer customers visited its stores in its fiscal...

  • *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.

  • BOSTON— The Boston Symphony Orchestra said Monday it was extending the contract of Andris Nelsons, who last year became the orchestra's youngest conductor in a century. The 36- year-old Latvian-born Nelsons served as music director of the Latvian National Opera and the Birmingham Symphony Orchestra in England before taking the post with the Boston...

  • 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...