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  • COLUMN-Is a revolution in economic thinking under way? Thursday, 25 Oct 2012 | 3:13 PM ET

    This week an even more radical debate burst into the open in Britain.

  • SOFTS-Raw sugar above 3-week low, arabica coffee up Thursday, 25 Oct 2012 | 2:48 PM ET

    *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.

  • NEW YORK, Oct 25- Global shares and commodity prices rose on Thursday, pulled from a recent slide by encouraging news from Britain and China and as U.S. data helped lift investors' appetite for risk assets while not flagging any big concerns. Wall Street opened higher, following gains in European equity markets, and the dollar gained slightly against the euro.

  • News Summary: UK recession over, economy grows 3Q Thursday, 25 Oct 2012 | 2:40 PM ET

    RECESSION OVER: Britain's economy emerged from its nine-month recession in the July- September quarter, when spending on the Olympics helped it grow 1 percent. BETTER THAN EXPECTED: Economists predicted growth of 0.6 percent for the period.

  • DETROIT, Oct 25- Ford Motor Co expects to lose a combined $3 billion in Europe in 2012 and 2013, executives said during a conference call on Thursday, adding that European car sales may only rise to 15 million annually by mid-decade.

  • *Grain inventories at major exporters seen at 17- year low. LONDON, Oct 25- The International Grains Council on Thursday cut its forecast for global maize and wheat crops in 2012/ 13, further tightening supplies with grain stocks at the end of the season seen sinking to a five-year low.

  • `` Spain is my favourite because we've got all sorts of hedges,'' said Elke Speidel-Walz, chief investment strategist for Germany at Deutsche Bank Private Wealth Management. ``This means the risk return is best in Spain.''.

  • NY Times publisher backs new CEO amid BBC scandal Thursday, 25 Oct 2012 | 2:24 PM ET

    NEW YORK-- New York Times chairman and publisher Arthur Sulzberger Jr. on Thursday reiterated the company's support for its incoming chief executive, who has been under scrutiny in England over the BBC's decision to cancel a news story about one of its hosts being accused of sexually abusing children.

  • FOREX-Yen slides broadly on BOJ easing bets, euro flat Thursday, 25 Oct 2012 | 2:23 PM ET

    NEW YORK, Oct 25- The dollar rallied to a four-month high against the yen on Thursday as a n array of U.S. data and ex pectations the Bank of Japan will ease monetary policy next week fav ored the greenback.

  • Ford sees total $3 European bln loss in 2012, 2013 Thursday, 25 Oct 2012 | 2:23 PM ET

    DETROIT, Oct 25- Ford Motor Co expects to lose a combined $3 billion in Europe in 2012 and 2013, executives said during a conference call on Thursday, adding that European car sales may only rise to 15 million annually by mid-decade.

  • News Summary: Ford to shut more plants in Europe Thursday, 25 Oct 2012 | 2:15 PM ET

    All automakers are struggling in Europe with too many plants, high labor costs and an economic crisis that has sapped demand for cars. HUMAN SCALE: The closure of the plant in Southampton, Britain, will cost 1,500 jobs. On Thursday, Ford said it was closing a massive factory in east Belgium at a cost of 6,200 jobs.

  • UK: 300 potential Savile abuse victims emerge Thursday, 25 Oct 2012 | 2:10 PM ET

    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.

  • MADRID, Oct 25- Santander, Spain's biggest bank, urged the government to seek an international bailout to reduce borrowing costs for struggling lenders, as writedowns on bad property investments almost wiped out its third-quarter profit.

  • Accused UBS fraudster's evidence at trial delayed Thursday, 25 Oct 2012 | 1:45 PM ET

    LONDON, Oct 25- Accused UBS fraudster Kweku Adoboli will not start giving evidence on Thursday as expected because last-minute legal arguments arose at his trial in London. Adoboli had been expected to enter the witness box but the jury were sent away at lunchtime after the judge and lawyers agreed that they needed the rest of the day to have legal arguments.

  • NEW YORK, Oct 25- U.S. benchmark yields touched a five-week high on Thursday ahead of the sale of seven-year notes and after the Federal Reserve on Wednesday stuck to its monetary policy, prompting some Treasury investors to book profits.

  • LONDON, Oct 25- Brent crude oil rose to around $109 per barrel on Thursday, consolidating after seven days of falls as better-than-expected data suggested the world economy was recovering, but analysts said the overall outlook for oil prices was bearish.

  • *Dollar hits 4- mnth high v yen, euro claws back to $1.30. LONDON, Oct 25- Global shares and commodity markets rose on Thursday, pulled out of their recent slide by encouraging data from Britain and China and the U.S.

  • *Dollar hits 4- mnth high v yen, euro claws back to $1.30. LONDON, Oct 25- Global shares and commodity markets rose on Thursday, pulled out of their recent slide by encouraging data from Britain and China and the U.S.

  • Sovereign wealth funds, pension funds turn bankers Thursday, 25 Oct 2012 | 11:54 AM ET

    LONDON, Oct 25- Yield-hungry pension funds and sovereign wealth funds are stepping in where crisis-hit, regulation-laden banks are pulling back: lending to cash-starved businesses.

  • *Ford to close Southampton plant, Dagenham stamping plant. LONDON/ BASILDON, England, Oct 25- Ford will stop making vans in Britain next year, with the potential loss of 2,000 jobs, a union leader said, as part of a plan by the U.S. car maker to drag its European operations back into profit.