Russian oligarchs are becoming increasingly worried about the country's investment climate and economy in general.» Read More
*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.
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.
*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.
*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.
On the New York Mercantile Exchange:. Benchmark crude fell $1.98 to finish at $86.67 per barrel. Gasoline fell 4.25 cents to end at $2.6050 a gallon.
LONDON-- The publisher of the British tabloid once edited by Piers Morgan lost more than a tenth of its value after a prominent lawyer revealed that the newspaper stood accused of hacking into people's phones.
LONDON-- Keith Richards has had a lot of rock `n' roll moments.
Benchmark oil is down $2.46, or 2.8 percent, to $86.19 in New York. 3 M Co., with products ranging from Scotch tape to traffic sign coatings, and Posco, the big Korean steel maker, were among the major companies that cut forecasts because of weak economic growth in China and Europe. Brent crude fell $1.87, or 1.7 percent, to $107.57 in London.
LONDON-- A sexual abuse scandal shaking the BBC broadened Tuesday, with the broadcaster saying that it is investigating claims of sexual abuse and harassment against nine staff members and contributors, in addition to the late disgraced children's TV host Jimmy Savile.
LIANGJIAHE, China-- The next leader of China spent much of his youth living in a dug-out cave. Xi Jingping's seven years in this remote northern community meant toiling alongside rural villagers by day and sleeping on bricks by night, in stark contrast to his pampered early years in Beijing.
LONDON-- Europe's top drug regulator announced Tuesday it is taking action against pharmaceutical giant Roche for allegedly failing to properly report the side effects of 19 drugs being used by U.S. patients. It is the first time the European Medicines Agency has begun a so-called `infringement proceeding' against a drug maker.
LONDON-- Stocks suffered one of their worst sessions in weeks on Tuesday following another batch of weak U.S. corporate earnings and uncertainty over the outcome of the race for the White House. Downbeat updates on Tuesday from chemical company DuPont and manufacturer 3 M added to the prevailing uncertainty.
LONDON-- The BBC has become the latest large institution to find itself accused of failing to stop sex abusers in its midst, with its chief acknowledging Tuesday that a "cultural problem" within the broadcaster had allowed the late TV host Jimmy Savile to molest children and teenagers for decades.
LONDON-- Financial markets were on the defensive Tuesday ahead of another round of U.S. corporate earnings, including from Facebook, and amid uncertainty over the outcome of the U.S. presidential election. Facebook's earnings results after the market close will be key for its future.
LONDON-- The director general of the BBC is set to face a lawmaker committee to explain why the broadcaster pulled an expose unmasking one of its most popular entertainers as a pedophile. George Entwistle will face lawmakers on the Culture Media and Sport Select Committee on Tuesday.
Weak or cautious forecasts this week from major manufacturers including 3 M Co., Korean steel maker Posco and heavy equipment manufacturer Caterpillar contributed to concern about global economic growth. Exxon Mobil Corp. fell $1.94, or 2.1 percent, to $90.25; and ConocoPhillips fell $1.12, or 2 percent, at $55.92;.
LONDON-- Manchester United will open an office in the United States to target commercial sponsors. Vice chairman Ed Woodward said Tuesday the record 19- time English champions will open the office on the East Coast as they look to raise more cash to reduce the club's debt.
LONDON-- Stocks suffered one of their worst sessions in weeks on Tuesday following another batch of weak U.S. corporate earnings and uncertainty over the outcome of the race for the White House. Downbeat updates on Tuesday from chemical company DuPont and manufacturer 3 M added to the uncertainty.
Unions, anti-war campaigners, left-wing leaders, community groups and other activists poured down London's streets in a demonstration against reductions to public sector spending which officials are pushing through in order to rein in the Britain's debt, which stands at more than 1 trillion pounds.