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  • *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...

  • SHENZHEN, China _ Nam Tai Property Inc. on Monday reported second-quarter net income of $816,000, after reporting a loss in the same period a year earlier. The Shenzhen, China- based company said it had profit of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Loews posts 2Q profit 29 Mins Ago

    NEW YORK _ Loews Corp. on Monday reported second-quarter earnings of $170 million. The New York- based company said it had net income of 46 cents per share. Loews shares have declined slightly more than 9 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 2 percent.

  • DARIEN, Conn. _ Genesee& Wyoming Inc. on Monday reported second-quarter earnings of $52.8 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share. Genesee& Wyoming shares have declined 21 percent since the beginning of the year.

  • HOUSTON _ Diamond Offshore Drilling Inc. on Monday reported second-quarter net income of $90.4 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Diamond Offshore Drilling shares have decreased 40 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 2...

  • *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.

  • LONDON, Aug 3- Copper prices hit six-year lows on Monday as manufacturing data from top consumer China and a slide in Shanghai equities reinforced concern about economic growth prospects. The metal used in power and construction was at $5,161 at 0942 GMT from $5,230 at Friday's close. July manufacturing activity in China fell at its fastest pace in two years,...

  • LONDON, Aug 3- Gold edged lower on Monday, after falling by the most in two years in July, as the dollar steadied ahead of U.S. economic indicators that could bolster expectations for a hike in U.S. interest rates soon. Spot gold was down 0.3 percent at $1,093 an ounce by 0928 GMT. Gold's rout deepened last month as the dollar strengthened after comments by the Federal...

  • BRUSSELS, Aug 3- Heineken NV, the world's third-largest brewer, announced better-than-expected earnings for the first half on Monday, helped by robust growth of its Tiger brand in Vietnam and rising beer sales in Mexico and parts of Europe. The Dutch brewer, whose Heineken lager is Europe's top seller, increased profit on a like-for-like basis in all regions...

  • *Stocks in Shanghai, Shenzhen end broadly down. SHANGHAI, Aug 3- China's markets regulator has frozen a trading account linked to Citadel Securities, a unit of the U.S. group that also owns hedge fund Citadel LLC, as Beijing battles against speculators to prop up China's ailing stock markets. The Shanghai and Shenzhen markets fell again on Monday, undermined by...

  • LONDON, Aug 3- The Greek stock market slumped when it reopened on Monday after being shut down for five weeks, while weak data from China helped push oil prices to their lowest in six months and Asian stocks close to their 2015 lows. Surveys showed China's factory activity contracted by the most in two years, ensuring a three-month sell-off in commodity and...

  • *OPEC oil output hits new high in July- Reuters survey. The lack of a plan by OPEC to accommodate the return of more Iranian oil further fueled supply worries. "The market seems to again focus on the supply situation... one of the difficulties is that Iran may be coming back and there is no obvious sign that OPEC will make room for them," Ric Spooner, chief market analyst at...

  • *Germany risks becoming "sick man of Europe" again-expert. Elderly entrepreneurs unable or unwilling to pass the reins to the next generation could be putting in jeopardy the fate of some of the roughly 3.6 million firms that make up Germany's world-famous Mittelstand. The number of greying managers seeking to hand over their businesses has climbed to a record...

  • FORT SMITH, Ark. _ ArcBest Corp. on Monday reported second-quarter net income of $20 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. ArcBest shares have decreased 29 percent since the beginning of the year.

  • LONDON, Aug 3- The euro fell against the dollar on Monday, giving up earlier gains, as the Greek stock market plunged following a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The euro slipped as low as $1.0957, having traded at $1.0990 in early London trade, with most investors already positioned for huge losses in Greek...

  • SHANGHAI, Aug 3- Britain's GlaxoSmithKline PLC said on Monday it had re-hired Vivian Shi, a former Chinese government affairs executive at the firm who was the focus of an internal probe into information leaks alleging bribery at the company's China unit. Shi was named in the internal investigation carried out on behalf of GSK China into a series of emails...

  • *Markets buoyed by solid results from HSBC, Heineken. LONDON, Aug 3- European shares rose on Monday as strong results from HSBC and Commerzbank offset the impact of weak Chinese data, but Greece's market slumped after re-opening following a five-week shutdown. HSBC rose 1.2 percent after the bank reported higher first-half earnings and announced the sale of its...

  • The Markit/ CIPS manufacturing purchasing managers' index rose more than forecast in July to 51.9. "Although a tick higher in the headline PMI breaks the decelerating trend in UK manufacturing, growth in the sector remains near-stagnant and suggests that the sector is continuing to act as a drag on the economy," said Rob Dobson, economist at data company Markit.

  • LONDON, Aug 3- Shares in Trinity Mirror jumped on Monday after heavy cost cuts enabled the British newspaper publisher to overcome the continued fall in print advertising and pay an interim dividend for the first time since 2008.. "It was a tough half year for print advertising," Chief Executive Simon Fox told Reuters. Shares in the group rose 8.3 percent to 144.4...