RIO DE JANEIRO, Oct 25- Brazilian mining company Vale SA plans to sell underperforming assets to control costs and boost profit, executives said on Thursday, a day after reporting weak earnings and halting work on a giant iron ore mine in the West African nation of Guinea.
NEW YORK, Oct 25- Brent crude futures edged higher on Thursday after seven straight sessions of losses, as the threat of Hurricane Sandy to East Coast gasoline and heating oil supplies lifted markets.
LONDON-- The scale of the child sex abuse scandal engulfing the BBC expanded on Thursday as authorities announced that 300 potential victims had come forward with accusations against one of the broadcaster's most popular children's entertainers and that others might have acted with him.
*Eyes on next week's Bank of Japan policy meeting. NEW YORK, Oct 25- Gold rose above $1,700 an ounce on Thursday, a day after it fell under that, in reaction to encouraging United Kingdom GDP growth data and expectations the Bank of Japan will further loosen its monetary policy.
BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.
Any setback for degludec- which Novo plans to market under the brand name Tresiba- would be good news for rivals Sanofi and Eli Lilly. ``Given the known concerns of the FDA towards cardiovascular risk from new diabetes drugs, today's statement is likely to create volatility in the Novo Nordisk share price,'' Deutsche Bank analyst Tim Race said in a research note.
LONDON, Oct 25- Miner Anglo American posted increased production in five of its seven key commodities including copper, as it braces for the full impact of crippling South African strikes that have ratcheted up pressure on a management team already under fire.
*UK economy posts GDP rise in third quarter. *Coming up: CFTC positions data 3:30 p.m. EDT Friday. NEW YORK, Oct 25- Brent crude futures edged higher in choppy trading on Thursday, lifted by economic data, but gains were limited by rising oil inventories and tepid demand figures.
LONDON, Oct 25- Copper steadied on Thursday as a commitment by the U.S. Federal reserve to stimulate growth, and encouraging data from the United States as well as from top metals consumer China were offset by a stronger dollar. Benchmark copper on the London Metal Exchange ended at $7,815 a tonne, from a close of $7,817 on Wednesday.
LONDON, Oct 25- International oil company BP, weakened and distracted by its troubles in the United States and Russia, is in danger of losing touch with the leaders in an industry where strength and focus yield the richest pickings. ``I can't help thinking they've sort of lost their way.'' Everywhere you look, they're falling behind, `` said a senior executive of one rival this week.
*``Tsunami of filth'' has rocked the BBC. The allegations, which first emerged in an expose on the rival British TV channel ITV, have rocked the BBC, with its chief George Entwistle admitting the broadcaster has been damaged by the scandal.
*Bunds slip, data helps risk appetite. LONDON, Oct 25- German government bonds slipped on Thursday as a rebound in the British economy spurred demand for riskier assets, but the subsequent rise in Bund yields drew investors back into the market. ',''he said, referring to Spain.
LONDON, Oct 25- A friend of accused UBS fraudster Kweku Adoboli told him in 2008 she hoped never to read articles about him in the press like those she had read about a ``rogue trader'' at France's Societe Generale, a London court heard on Thursday.
RIO DE JANEIRO, Oct 25- Brazilian mining company Vale SA plans to sell underperforming assets in a push to control costs and boost profits, executives said on Thursday, a day after reporting weak earnings and a halt to work on a giant iron ore mine in Guinea, West Africa.
LONDON, Oct 25- Reassuring updates from drugmaker Sanofi and consumer goods group Unilever lifted European shares on Thursday, although some traders felt worries over the euro zone would limit further moves higher.
Benchmark oil gained 32 cents to finish at $86.05 a barrel in New York. Brent crude added 64 cents to end at $108.49 a barrel in London. Any reading above that could spark a rise in oil to the $87- $88 a barrel level, said Jim Ritterbusch of Ritterbusch and Associates.
*CME sees big interest from U.S. commercial sector. LONDON, Oct 25- CME Group expects to see the first trades in its new aluminium swap futures contract by the end of this year as it taps consumer frustration with having to pay steep surcharges to get metal in the midst of a glut, the exchange's head of metals said.
*AstraZeneca, Sanofi, Novartis all hit by patent loss in Q3. *Sanofi, Novartis forecast to post rises of 21 pct, 9 pct. While AstraZeneca faces years of continuing sales declines, due to a lack of new drugs to replace those losing protection, Sanofi and Novartis are turning the corner.
Oct 25- CME Group Inc, the biggest operator of U.S. futures exchanges, reported a slide in third-quarter profit as investors used fewer futures and options, but it beat expectations by a penny per share due to lower expenses.
*Large number of Brazil mills still open for crushing. LONDON, Oct 25- ICE raw sugar futures edged above a three-week low on Thursday, although the upside was capped by fast progress in Brazil's harvest and surplus supplies, while coffee and cocoa also moved higher.