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Europe News London

  • NEW YORK, Oct 23- Rosneft will eclipse the Western supermajors in crude output once the Russian state-controlled oil producer takes over rival TNK-BP, but despite its size, the company will hardly punch its weight in energy trading.

  • *DuPont's earnings forecast, job cuts weigh on oil. Chemical company DuPont lowered its earnings forecast, announced 1,500 job cuts and posted lower-than-expected profit, helping push equities, oil and other commodities lower.

  • GAZA- The Emir of Qatar embraced the Hamas leadership of Gaza on Tuesday with an official visit that broke the isolation of the Palestinian Islamist movement, to the dismay of Israel and rival, Western-backed Palestinian leaders.

  • 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.

  • *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.

  • *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.

  • Benchmark oil dropped $1.98, or 2.3 percent, to finish at $86.67 per barrel in New York. The national average for a gallon of regular gasoline dropped 2 cents overnight to $3.65. That's why gasoline futures have plunged 12 percent in less than two weeks, including a 4.3- cent drop Tuesday to $2.61 per 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.

  • British drug giant AstraZeneca PLC and a small U.S. drug developer, Ironwood Pharmaceuticals Inc., said Tuesday that they are teaming up to develop and then market Ironwood's new drug for irritable bowel syndrome in China.

  • NEW YORK-- The NFL will consider dropping the Pro Bowl if the level of play doesn't improve, Commissioner Roger Goodell said Monday night. Appearing on SiriusXM NFL Radio's " Town Hall," Goodell agreed with host Michael Strahan that last January's Pro Bowl "was embarrassing."

  • 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.

  • 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.