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| South China Sea tension mounts near Filipino shipwreck Wednesday, May 29, 2013 12:00 AM PDT  By Manuel Mogato MANILA (Reuters) - A wrecked navy transport ship perched on a remote coral reef could be the next flashpoint in the South China Sea, where China and five other claimants bitterly dispute territory. The Philippines is accusing China of encroachment after three Chinese ships, including a naval frigate, converged just 5 nautical miles from an old transport ship that Manila ran aground on a reef in 1999 to mark its territory. ... Full Story | Top |
| Amgen to make move into Japan, takes on Astellas as partner Tuesday, May 28, 2013 09:45 PM PDT  (Reuters) - Amgen Inc, the world's largest biotechnology company, said it entered into a long-term collaboration with Astellas Pharma Inc and will form a joint venture with the Japanese drugmaker to provide new medicines in Japan. Amgen management told a meeting of investors and analysts in February that it planned to expand its business into major Asian markets in 2015 and 2016 and called its lack of presence in Japan and China "a noticeable gap." Wednesday's announcement takes a major step toward filling that gap. ... Full Story | Top |
| International crew takes short cut to space station Tuesday, May 28, 2013 08:51 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - A Russian spaceship took a shortcut to the International Space Station on Tuesday, delivering a veteran cosmonaut, a rookie Italian astronaut and an American mother on her second flight to the outpost in less than six hours. The capsule slipped into its berthing port at 10:10 p.m. EDT about 250 miles above the south Pacific Ocean. "Everything went very well," NASA mission commentator Kelly Humphries said during a televised broadcast of the docking. ... Full Story | Top |
| Dow ends at record as central banks reassure Wall Street Tuesday, May 28, 2013 05:42 PM PDT  By Chuck Mikolajczak NEW YORK (Reuters) - Stocks rose on Tuesday, with the Dow closing at yet another record high, in the wake of Wall Street's first three-day losing streak of the year, after central banks reassured investors that they will keep policies designed to foster global growth. Consumer confidence was the strongest in May in over five years, while home prices accelerated in March by the most in nearly seven years. The reports showed the U.S. economy's resilience despite the pinch of belt-tightening from automatic cuts in federal spending. ... Full Story | Top |
| New vaccine protects kids against hand, foot and mouth disease Tuesday, May 28, 2013 03:30 PM PDT By Kate Kelland LONDON (Reuters) - Chinese scientists have developed the first vaccine to protect children against a virus called enterovirus 71, or EV71, that causes the common and sometimes deadly hand, foot and mouth disease. The new inactivated EV71 vaccine, made by Beijing Vigoo Biological, was developed for use in the Asia-Pacific region, which accounts for most of the serious cases of the disease that can cause potentially fatal meningitis and encephalitis. ... Full Story | Top |
| International crew blasts off for space station Tuesday, May 28, 2013 02:17 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - A veteran Russian cosmonaut, a rookie Italian astronaut and an American mother on her second flight blasted off from the Baikonur Cosmodrome in Kazakhstan on Tuesday for a six-hour ride to the International Space Station. The Russian Soyuz rocket lifted off at 4:31 p.m. EDT, streaking through clear, pre-dawn skies in Kazakhstan as it headed into orbit, a NASA TV broadcast showed. ... Full Story | Top |
| Exclusive: Apache explores Gulf of Mexico shelf stake sale - sources Tuesday, May 28, 2013 02:12 PM PDT  By Greg Roumeliotis and Michael Erman NEW YORK (Reuters) - Apache Corp is exploring a sale of a stake in its shallow water Gulf of Mexico assets, attracting private equity interest as it looks to reach a $4 billion asset sale target, several people familiar with the matter said. Apache has hired Goldman Sachs Group Inc to sell a minority stake in its oil and gas assets located on the shallower continental shelf region of the Gulf, the people said. These assets currently produce more oil and gas and are easier and less risky to exploit than their deepwater counterparts. ... Full Story | Top |
| Iran's presidential candidates clash over nuclear approach Tuesday, May 28, 2013 10:43 AM PDT  By Yeganeh Torbati DUBAI (Reuters) - A former Iranian nuclear negotiator running for president used his first television appearance of the campaign to reject accusations he had been too soft in talks with world powers. The most prominent moderate candidate in an election dominated by hardliners, cleric Hassan Rohani, nuclear negotiator from 2003 to 2005, oversaw an agreement to suspend Iran's fledgling uranium enrichment-related activities. ... Full Story | Top |
| Canadian Solar turns to Japan to drive shipment growth Tuesday, May 28, 2013 09:54 AM PDT (Reuters) - Canadian Solar Inc reported a smaller-than-expected quarterly loss and said it was ramping up exposure to high-margin Japan as it reduces dependence on China, where intense competition has driven down panel prices. Shares of Canadian Solar, which has most of its manufacturing operations in China, shot up as much as 24 percent. Prices of other solar stocks also rose. ... Full Story | Top |
| Kenya starts to light up again after national blackout Tuesday, May 28, 2013 09:20 AM PDT By James Macharia NAIROBI (Reuters) - Kenya's power grid failed on Tuesday, plunging east Africa's biggest economy into a blackout for about five hours before it was restored to most parts, sole power distributor Kenya Power said. Kenya Power supplies 1,250 megawatts of electricity to more than 2 million customers connected on the national grid, against demand of 1,700 megawatts, with most of the fuel generated from hydro power stations run by KenGen. ... Full Story | Top |
| France calls for action against Islamists in southern Libya Tuesday, May 28, 2013 08:24 AM PDT  By Abdoulaye Massalatchi NIAMEY (Reuters) - France urged African nations on Tuesday to make a concerted effort to tackle a growing Islamist threat in the deserts of southern Libya. French Foreign Minister Laurent Fabius, speaking on a visit to Niger where suicide bombers attacked a French-run uranium mine last week, said there were signs that Libya's lawless south was becoming a safe haven for Islamist groups in the Sahara. "It seems we must make a special effort on southern Libya - which is also what Libya wants," Fabius said after meeting Niger President Mahamadou Issoufou. ... Full Story | Top |
| Rosneft to take over Russian gas firm Itera for $3 billion Tuesday, May 28, 2013 08:16 AM PDT  By Katya Golubkova and Melissa Akin MOSCOW (Reuters) - Russia's state-controlled oil company Rosneft is planning to take over local gas firm Itera for $3 billion, two sources close to Rosneft said on Tuesday, strengthening its hand in challenging Gazprom's industry dominance. Rosneft already owns a 51 percent stake in Itera, which was the top gas supplier to the former Soviet Union republics in the 1990s before Gazprom secured a monopoly on Russian gas exports in 2006, and has now approved the purchase of the remaining 49 percent of Itera for around $3 billion, the sources said. ... Full Story | Top |
| Kenya says has restored 50 percent of power supplies Tuesday, May 28, 2013 08:15 AM PDT NAIROBI (Reuters) - Kenya Power said it had restored at least 50 percent of the country's electricity supplies after east Africa's biggest economy was hit on Tuesday by a nationwide blackout, the exact cause of which was still unknown. "At least 50 percent of the grid is back," said Gregory Ngahu, a communication officer at the country's sole power distributor Kenya Power, adding that electricity in most parts of the country's major cities had been restored. (Reporting by Kevin Mwanza; Writing by James Macharia; Editing by Anthony Barker) Full Story | Top |
| Pirates kidnap oil tanker crew off Nigeria: security sources Tuesday, May 28, 2013 07:31 AM PDT ABUJA (Reuters) - Armed pirates attacked an oil products tanker off the coast of Nigeria in West Africa and abducted an unknown number of crew, security sources said on Tuesday. Increasing piracy in the Gulf of Guinea region, which includes Africa's No. 1 oil producer Nigeria and is a significant source of cocoa and metals for world markets, is jacking up costs for shipping firms operating there. ... Full Story | Top |
| Drug resistance in new China bird flu raises concern Tuesday, May 28, 2013 07:09 AM PDT  By Ben Hirschler LONDON (Reuters) - The new bird flu strain that has killed 36 people in China has proved resistant to Tamiflu for the first time, a development scientists said was "concerning". The H7N9 virus was found to be resistant to Roche's widely used flu drug in three out of 14 patients who were studied in detail by doctors from Shanghai and Hong Kong. Tamiflu, which is given as a pill, belongs to a group of medicines known as neuraminidase inhibitors that currently offer the only known treatment option for bird flu. ... Full Story | Top |
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