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Earnings-day blues drags UK shares down

LONDON (Reuters) - Top UK shares opened on a downbeat note on Tuesday, with a mixed bag of corporate earnings and weakness in the technology sector offsetting reports of activist stake-building.

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Smiths shares up on report U.S. activist ValueAct takes stake

(Reuters) - Smiths Group Plc shares rose as much as 8 percent on Tuesday after a report said that U.S. activist investor ValueAct had taken a stake in the British engineering company.

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Greek banking stocks plunge again as debt crisis dominates

ATHENS (Reuters) - Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country's continuing financial and economic woes.

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UK construction growth eases on softer housebuilding, engineering -PMI

A worker walks past a picture of the London skyline outside the sales office of a property development in central LondonGrowth in Britain's construction industry slowed unexpectedly in July, hurt by a loss of momentum in housebuilding and civil engineering, according to a survey published on Tuesday that highlighted the economy's reliance on its services sector.

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South Africa's Eskom says paying too much for coal

Eskom's electric pylons are pictured in SowetoJOHANNESBURG (Reuters) - South Africa's electricity utility Eskom said on Tuesday it would renegotiate contracts with coal suppliers because it was paying too much given a recent drop in commodity prices. The comments come after mining giant Glencore said on Tuesday it was placing its Optimum coal operation in South Africa under "business rescue" due to Eskom's unreasonable supply contracts.

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India's central bank keeps interest rates unchanged

The Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial banks -- would remain at 7.25%India's central bank kept interests rate on hold Tuesday, resisting government pressure for a fourth cut of the year and saying the country's economic recovery was "still work in progress".

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Crédit Agricole nears US sanctions deal

French lender reports strong performance across all lines

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Rajan stresses RBI policy independence

India’s central bank governor seeks to allay fears of New Delhi curbing its powers

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BMW warns of impact from China slowdown

New chief executive maintains manufacturer’s profit goals but strikes a cautious note

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Two people shot outside New Jersey hip hop concert

(Reuters) - A gunman shot and wounded two people outside a hip hop concert in New Jersey late on Monday and is thought to have fled to nearby woods, police said.

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