LONDON-- The New York Times stood by its incoming chief Wednesday as he denied knowledge of a BBC child sex abuse scandal that threatened to follow him from one of Britain's most respected news organization to one of America's.
BEIRUT/ CAIRO- Syria said on Wednesday its military command was still studying a proposal for a holiday ceasefire with rebels- contradicting international mediator Lakhdar Brahimi's announcement that Damascus had agreed to a truce.
LONDON, Oct 24- Incoming New York Times chief Mark Thompson said on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.
Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.
LONDON, Oct 24- Copper closed near six-week lows on Wednesday as the dollar rose and investor sentiment soured on weak euro zone data, but signs of recovery in top metals consumer China limited losses.
GENK, Belgium/ MADRID, Oct 24- Ford Motor Co will close a Belgian factory employing more than 4,000 workers, shifting production to Spain as the U.S. automaker scrambles to cut costs and stem European losses. Ford said it would shut its Genk plant in eastern Belgium, with the loss of about 4,300 jobs by the end of 2014, transferring the work to a plant in Valencia.
*Preliminary hearing in High Court on Monday. LONDON, Oct 24- Barclays will on Monday face the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before Britain's High Court that could have major implications for all UK banks.
*Swiss to vote on curbing executive pay on March 3. ZURICH, Oct 24- Swiss business is rallying to arms to defend top managers' pay as the government set a date on Wednesday for a referendum that may impose the world's first law forcing companies to accept any limits shareholders place on executive rewards.
LOUISVILLE, Ky.-- Two mining officials who worked at an eastern Kentucky underground mine where a worker was killed last year are preparing to plead guilty to federal safety violations, according to court records.
*Germany sells 3.3 bln euros of 10- yr bonds, demand good. Businesses in the region suffered their worst month in October since the bloc emerged from its last recession more than three years ago, surveys showed, while Germany's Ifo economic research institute said the country's business climate worsened in October.
PARIS/ GENK, Belgium, Oct 24- Car makers suffered a day of reckoning on Thursday when Ford announced Europe's third plant closure this year, Peugeot accepted state aid and even Volkswagen reported a big drop in profits.
THE NEWS: The child abuse scandal that has enveloped one of Britain's most recognized news organizations is now hitting one of America's, as the incoming president of The New York Times is on the defensive about his final days as head of the BBC.
*Preliminary hearing in High Court on Monday. LONDON, Oct 24- Barclays will face on Monday the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before Britain's High Court that could have major implications for all UK banks.
LONDON, Oct 24- Brent crude oil fell for a seventh consecutive session on Wednesday after U.S. crude stocks rose last week, offsetting earlier strength prompted by signs that Chinese demand could stage a recovery. Brent crude was down 42 cents at $107.83 a barrel by 1455 GMT and looked on track for its lowest close since early August. U.S. oil fell $1 cents to $85.67.
PARIS, Oct 24- Dominique Strauss-Kahn, the former IMF chief whose French presidential ambitions were shattered by a sex scandal last year, is making a comeback in business and at conferences. The 63- year-old Strauss-Kahn was accused of trying to rape a New York hotel maid in May 2011.
LONDON, Oct 24- Copper was steady on Wednesday on signs of recovery in top consumer China, although gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange was $7,825 at 1434 GMT from $7,831 a tonne at the close on Tuesday.
*Warsaw wants to be at EU's decision-making core. WARSAW, Oct 24- Polish policymakers are shedding their doubts about joining the euro and starting to favour accession again because they believe the risks of being left outside the core of Europe outweigh the danger of joining a single currency still in the grip of crisis.
*Sugar market awaits crush update from Brazil's Unica. LONDON, Oct 24- ICE raw sugar turned higher on Wednesday, lifting off a three-week low as traders positioned themselves ahead of a report from Brazilian cane industry association Unica due later in the day.
*Production to be transferred to Spain. GENK, Belgium/ MADRID, Oct 24- Ford Motor Co will close a Belgian factory employing more than 4,000 workers, shifting production to Spain as the U.S. automaker scrambles to cut costs and stem European losses.
LONDON, Oct 24- A simple approach to reining in risks at banks would fail to capture the complexity of modern day lenders, a top global regulator said.