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  • 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...

  • ATHENS, Aug 3- Greece's economic sentiment hit its lowest level in almost three years in July, hurt by banking restrictions and political uncertainty in the country, a monthly report by the IOBE think tank showed on Monday. The index, which measures expectations in industry, services, retail, and construction along with consumer confidence, fell to 81.3 points...

  • SEOUL, South Korea— A family battle for control of South Korea's largest retailer has erupted in public after the group's 92- year-old founder was demoted to a powerless role in the business by his youngest son. Shin Dong- bin, 60, has been trying to solidify his control of Lotte group, which has businesses in South Korea and Japan, in the face of opposition from his...

  • HONG KONG, Aug 3- Hong Kong's benchmark Hang Seng index ended lower on Monday, tracking China indexes on weak factory activity, but buying interest in HSBC after it posted forecast-beating results pulled the blue-chip index off its low. HSBC beat expectations with a 10 percent rise in first-half profit on Monday and said it had agreed on the sale of its...

  • *Audi, BMW, Mercedes to buy Nokia's HERE. FRANKFURT/ HELSINKI, Aug 3- German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW and Audi will each hold an equal stake in the business, known as HERE, keeping it from falling into the hands of a...

  • ATHENS, Greece— Greece's main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since June to react to the country's latest economic crisis. The Athens Stock Exchange and Greek banks were closed on June 29, when controls on money withdrawals and transfers were imposed to prevent a...

  • Any signs the rest of the bloc shrugged off that turbulence will please European Central Bank policymakers and the Netherlands, Spain and Italy all enjoyed healthy growth, with the latter enjoying its strongest expansion for over four years. "Policymakers will be reassured by the robust growth rates seen in these countries and the resilience of the...

  • Greece shut its banks and imposed capital controls on June 29 to avert a bank run after Prime Minister Alexis Tsipras called a referendum on a new bailout. Markit's purchasing managers' index for manufacturing, a sector which makes up about 10 percent of the economy, fell to 30.2 points last month, the lowest reading since the company began compiling the data in...

  • *Bank of England to publish updated forecasts on Aug. 6. LONDON, Aug 3- As the Bank of England moves closer to raising interest rates for the first time since 2007, the strength of sterling is causing disagreement among its policymakers over when to pull the trigger. The pound hit its highest level in over seven years against the currencies of Britain's main trading...

  • ATHENS, Aug 2- Greece's stock market fell sharply on Monday after being shut down for five weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country. National Bank of Greece, the country's largest commercial bank, was down 30 percent, the daily limit. The bourse was last open for trading on June 26.

  • FP&L is the state's largest electric utility, and NextEra operates in 26 other states and Canada. Now, NextEra is opening its own coffers to support Right to Rise, the super PAC formed to help Bush's bid for the presidency. Kristy Campbell, a Bush campaign spokeswoman, denied any conflict of interest in Bush's relationship with NextEra.

  • *Copper mine supply disruptions mount; market nears balance- MS. MELBOURNE, Aug 3- London copper sank back towards six-year lows on Monday on jitters over China's economic health, after factory growth stuttered in July and a central bank official said downward pressure on the economy would persist into the second half. A private survey on Monday showed China's...

  • GREEK STOCK MARKET OPENS AFTER FIVE-WEEK SHUTDOWN BROUGHT ON BY COUNTRY'S DEBT CRISIS.

  • *HSBC to sell Brazil unit to Bradesco for $5.2 bln. HONG KONG, Aug 3- HSBC Holdings beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. HSBC has become increasingly reliant on Hong Kong for profits as its businesses in Europe, the United...

  • LONDON, Aug 3- The dollar fell against a basket of currencies on Monday, weighed down by below-par wage growth data late last week that clouded the outlook over when U.S. interest rates are likely to rise. Some analysts said the dollar could draw strength from U.S. economic indicators this week, including the Institute for Supply Management's report on U.S. factory...

  • HONG KONG, Aug 3- Shanghai shares fell on Monday as a survey showed weak factory activity and some investors stayed on the sidelines after mainland stocks suffered their worst monthly loss in six years in July. The CSI300 index of the largest listed companies in Shanghai and Shenzhen returned to positive territory in late trade, rising 0.33 percent to 3,829.24.