HSBC said Stephen King had decided to take the role of senior economic adviser after 17 years with the bank.» Read More
LONDON, Oct 23- BAE Systems' biggest shareholder Invesco will need to drum up more support from other investors to force out senior board members at the UK defence firm after its failed $45 billion merger with aeroplane maker EADS.
OTTAWA, Oct 23- The Bank of Canada surprised markets on Tuesday by leaning towards higher interest rates and issuing a fairly upbeat outlook on growth, adding for the first time that soaring household debt could justify eventual rate increases.
*DuPont's earnings forecast, job cuts weigh on oil. Chemical company DuPont cuts its earnings forecast and announced 1,500 job cuts in its third-quarter earnings report that missed Wall Street expectations, helping push equities, oil and other commodities lower.
STRASBOURG, France, Oct 23- The European Commission on Tuesday postponed a vote on a plan to force companies to allot 40 percent of their board seats to women by 2020 as lawyers questioned its legality under EU rules.
HELSINKI, Oct 23- Mobile phone maker Nokia plans to raise 750 million euros from bonds convertible into shares, seeking a cheap way to help finance its fight to claw back market share lost to Apple and Samsung.
*China sales growth to stay above 10 pct over mid-term. MUNICH, Oct 23- German carmaker BMW hopes to maintain double-digit sales growth in China, banking on new leadership there to inject fresh stimulus into the economy. China is preparing for a once-in-a-decade leadership change that will be finalised next month at the ruling Communist Party's 18th congress.
LOS ANGELES-- Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.
*BBC under pressure over sex claims against dead presenter. *BBC boss admits trust damaged. George Entwistle, who was announced as the 90- year-old media organisation's new boss in August, told hostile lawmakers that failures at the BBC had allowed Jimmy Savile, once one of Britain's top TV presenters, to prey on young girls for years.
NEW YORK, Oct 23- Gold fell 1 percent on Tuesday, tumbling below technical support and hovering just above $1,700 an ounce, pressured by economic worries that slammed equities and commodities and lifted the dollar.
NEW YORK, Oct 23- Global shares and the euro tumbled on Tuesday after a slew of weak U.S. corporate earnings results and credit ratings downgrades of several indebted regions of Spain.
LONDON, Oct 23- A top European share index slid to its lowest level in more than one-and-a-half months on Tuesday, hit by worries over company results and Spain's debt crisis, and some traders bet on European stocks falling further.
Oct 23- Xerox Corp trimmed its full-year earnings forecast on Tuesday and said it would take a restructuring charge of up to $100 million to account for a tougher economy as large companies tightened budgets and government had less funding for projects.
NEW YORK-- Nobody was expecting this round of corporate financial reports to be great. But underwhelming results _ particularly revenue, which offers a read on the economy _ are still rattling investors.
Oct 23- DuPont slashed its earnings forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, signs that demand for the chemical company's lucrative paint and solar products is slipping around the world. Shares of DuPont, a component of the Dow Jones industrial average, fell more than 9 percent in midday trading.
MORE CONTRACTION: Spain's economy shrank 0.4 percent in the third quarter compared with the previous three months, according to central bank estimates Tuesday. It was the fifth quarter in a row that Spain's economic output has contracted.
*Sluggish demand in China, more stimulus unlikely now. LONDON, Oct 23- Copper slid to a six-week low on Tuesday, giving up more gains from its September rally, as a strong dollar, renewed worries over Spain's sovereign debt and a lack of robust demand from China knocked investor risk appetite.
*Spanish debt yields rise as Moody's downgrades 5 regions. NEW YORK, Oct 23- The euro plunged versus the yen and hit a one-week low versus the dollar on Tuesday as concerns about a global economic slowdown and a spike in Spain's borrowing costs spurred broad-based risk aversion.
*Deal positions RBC as a leading auto lender in Canada. TORONTO, Oct 23- Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial Inc in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.
*Moody's downgrades Spanish regions including Catalonia.
*OPEC secretary general post comes up in 2013. LONDON/ DUBAI, Oct 23- OPEC remains in a stalemate over selecting its next secretary general, delegates to the producer group said on Tuesday after a two-day meeting, due to rivalry between four member-countries over its top administrative post.