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(MENAFN - AFP) Two same-sex Philippine couples applied for marriage licences Monday in a first for the conservative Catholic nation, but were promptly rejected by the government.

Maria Arlyn Ibanez and her partner Joanne Reena Gregorio joined Pastor Crescencio Agbayani and his partner Marlon Pelipe in trooping to a civil registry office in Manila, hoping to raise awareness ...

 
(MENAFN - AFP) US manufacturing activity slowed slightly in July amid weaker export orders and a continued drag from falling oil prices, the Institute for Supply Management reported Monday.

The ISM purchasing managers index on the manufacturing sector fell to 52.7 in July from 53.5 in June. A reading above 50 indicates expansion. Analysts on average had expected the PMI would ...

 
(MENAFN - AFP) Greece's stock exchange closed Monday with a record drop of 16.23 percent on reopening after a five-week shutdown caused by capital controls.

The general index settled at 668.06 points with the nation's outflow-hit banks and top corporations taking a beating.

The exchange's previous worst showing was in 1987 when the index had lost 15.03 percent.

The ...

 
(MENAFN - AFP) Europe's main stock markets rose on Monday, appearing to shrug off a plunge in Athens as Greek trading resumed after a five-week shutdown.

London's benchmark FTSE 100 index edged up a slight 0.03 percent to stand at 6,698.15 points in afternoon deals, while its heavyweight oil and mining sectors were hit by more disappointing Chinese data, traders said.

Frankfurt's ...

 
(MENAFN - AFP) A trader who worked for UBS and Citigroup was jailed Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.

The verdict on Tom Hayes, 35, came after a two-month trial at a London court.

Hayes had denied eight counts of conspiracy to defraud between 2006 ...

 
(MENAFN - AFP) Automakers reported strong US sales in July, boosted by sport utility vehicles, as the industry benefited again from lower gasoline prices and a steadily improving US economy.

General Motors, the biggest US automaker, said July sales surged six percent from a year ago to 272,512 vehicles behind a strong performance in pickup trucks, SUVs and some sedan lines.

"The ...

 
(MENAFN - AFP) US consumer spending edged higher in June, capping a rebound in the second quarter from weak growth in the first months of the year, the Commerce Department reported Monday.

Consumer spending, which accounts for about 70 percent of US economic activity, rose 0.2 percent in June after a 0.7 percent gain in May and a 0.3 percent increase in April, the department ...

 
(MENAFN - AFP) German car makers BMW, Audi and Daimler have teamed up to buy digital mapping service HERE for 2.8 billion euros ($3.1 billion) from Nokia, the Finnish telecoms group said Monday.

The sale "should be concluded in the first quarter of 2016," Nokia said in a statement, adding that it expected net proceeds from the deal of just over 2.5 billion euros.

The ...

 
(MENAFN - AFP) French transport systems giant Thales on Monday announced a 1.0 billion euro ($1.09 billion) deal to upgrade four lines of the London Underground.

"This next major phase of the Underground's modernisation will bring faster, more frequent and more reliable journeys to millions of passengers who use the Circle, District, Metropolitan and Hammersmith & City ...

 
(MENAFN - AFP) Waste management giant Veolia said Monday its profits in the first half of the year more than doubled to 321 million euros ($352 million), helped by a cost-cutting drive.

The French company, which specialises in water distribution, waste, recycling and energy, said its turnover also rose by 7.3 percent to 12.3 billion euros.

"All our indicators are in ...

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