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| S.Africa's SacOil asks to halt bourse trading after directors resign Thursday, May 30, 2013 11:58 PM PDT JOHANNESBURG (Reuters) - South Africa's SacOil said on Friday it had applied to halt trading in its shares on London's AIM and the Johannesburg Stock Exchange after three of its directors stepped down. The executives, including the chief executive, resigned after shareholders voted against their recommendation to convert loans into equity. The company has asked to suspend trading until new directors are in place. Full Story | Top |
| U.S. discovery of rogue GMO wheat raises concerns over controls Thursday, May 30, 2013 10:27 PM PDT By Carey Gillam and Julie Ingwersen (Reuters) - For global consumers now on high alert over a rogue strain of genetically modified wheat found in Oregon, the question is simple: How could this happen? For a cadre of critics of biotech crops, the question is different: How could it not? The questions arose after the U.S. Department of Agriculture announced Wednesday that it was investigating the mysterious appearance of experimental, unapproved genetically engineered wheat plants on a farm in Oregon. ... Full Story | Top |
| Analysis: QE talk spurs caution in Asian markets, yet money stays Thursday, May 30, 2013 09:44 PM PDT  By Vidya Ranganathan SINGAPORE (Reuters) - Heads we buy Asia, tails we don't sell. That is the choice investors in Asian markets are making in the face of what would be the biggest inflection point for markets since the 2008 financial crisis, the prospect of U.S. super-loose monetary policy being reined in soon. Since it was cheap Fed funds that fuelled the rally of the past four years in emerging stocks, bonds and currencies, most investors had reasonably assumed that a tapering off in the U.S. stimulus program would see funds flow out of emerging markets. ... Full Story | Top |
| Hunters for Amelia Earhart plane wreckage excited by sonar image Thursday, May 30, 2013 07:06 PM PDT  By Malia Mattoch McManus HONOLULU (Reuters) - A team of researchers seeking to solve the mystery of aviator Amelia Earhart's 1937 disappearance say a sonar image taken from just beyond the shore of a remote Pacific island could be a piece of wreckage from her plane. A forensic imaging specialist for a research team that conducted a $2.2 million expedition to the island of Nikumaroro searching for Earhart's plane last year said the image could represent a wing or part of the fuselage from Earhart's aircraft. ... Full Story | Top |
| Trip to Mars would likely exceed radiation limits for astronauts Thursday, May 30, 2013 05:00 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - Radiation levels measured by NASA's Mars Curiosity rover show astronauts likely would exceed current U.S. exposure limits during a roundtrip mission to Mars, scientists said on Thursday. The rover landed on Mars in August to search for habitats that could have supported past microbial life. Results taken during Curiosity's eight-month cruise to Mars indicate that astronauts would receive a radiation dose of about 660 millisieverts during a 360-day roundtrip flight, the fastest travel possible with today's chemical rockets. ... Full Story | Top |
| UK cost agency recommends Bayer, Regeneron eye drug Thursday, May 30, 2013 04:28 PM PDT LONDON (Reuters) - Britain's healthcare cost watchdog NICE is recommending a new eye drug from Bayer and Regeneron, after a price discount was offered for its use on the state health service. The draft decision by the National Institute for Health and Clinical Excellence (NICE) means Eylea will compete in Britain with Novartis's established product Lucentis as a treatment for wet age-related macular degeneration (AMD). Novartis already has a separate discount scheme in place for Lucentis. The size of the discounts offered on both drugs is commercially confidential. ... Full Story | Top |
| TSX ends higher as gold shares jump; RBC falls Thursday, May 30, 2013 01:10 PM PDT  TORONTO (Reuters) - Canada's main stock index climbed on Thursday as gold mining stocks, which jumped with bullion prices, offset a decline in Royal Bank of Canada after the lender reported quarterly results. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 13.94 points, or 0.11 percent, at 12,746.55. Five of the 10 main sectors on the index were higher. (Reporting by John Tilak) Full Story | Top |
| Analysis: Total CEO safe as investors prioritize profits over Iran bribery case Thursday, May 30, 2013 12:32 PM PDT  By Michel Rose and Muriel Boselli PARIS (Reuters) - The colorful boss of Total is unlikely to be felled by demands he stand trial over alleged bribes to Iran as Christophe de Margerie enters a crucial phase of his high-stakes turnaround plan for the oil firm, with no clear successors. De Margerie, nicknamed "Big Moustache" inside the company which appointed him chief executive six years ago, is deep into an exploration plan to drill more wells in difficult-to-reach African and North Sea frontiers in order that Total meet future output goals - and investors want him to stay and make it work. ... Full Story | Top |
| Japanese drugmakers open 'libraries' in $100 million health project Thursday, May 30, 2013 12:13 PM PDT LONDON (Reuters) - Five top Japanese drug companies are to open their "libraries" of experimental compounds to scrutiny by scientists hunting new treatments for malaria, tuberculosis and other diseases affecting the world's poor. The initiative, announced on Thursday, is the first project under a new $100 million partnership between the drugmakers, the Japanese government and the Bill & Melinda Gates Foundation to fund research into neglected tropical diseases. ... Full Story | Top |
| Henkel boss is possible candidate for ABB CEO: report Thursday, May 30, 2013 08:09 AM PDT ZURICH (Reuters) - Switzerland's ABB will choose a chief executive by mid-June, with the head of one of its automation units and the boss of German consumer goods group Henkel the front runners, a Swiss magazine reported. The Zurich-based industrial goods group is searching for a new CEO after Joe Hogan announced unexpectedly that he planned to leave the company for private reasons. ... Full Story | Top |
| GSK bets on chimp virus with $321 million vaccines buy Thursday, May 30, 2013 07:54 AM PDT  By Ben Hirschler LONDON (Reuters) - GlaxoSmithKline is betting on a new vaccine technology based on chimpanzee viruses by acquiring Swiss-based Okairos for 250 million euros (321 million U.S. dollars) - the latest bolt-on biotech buy by a big drugmaker. Britain's largest pharmaceuticals group said on Wednesday that the privately owned company's know-how was expected to play an important role in GSK's development of vaccines to both prevent and treat diseases. Okairos was spun out from Merck & Co in 2007 and has laboratories in Rome and Naples, with headquarters in Basel. ... Full Story | Top |
| Polar bears complicate life for world's northernmost residents Thursday, May 30, 2013 07:46 AM PDT  By Balazs Koranyi OSLO (Reuters) - Ole Oeiseth doesn't like leaving his house without a gun. "A polar bear can come anytime and from anywhere; the hungry young males are especially unpredictable," he said. Oeiseth runs Ny-Aalesund, the world's northernmost permanent settlement in Norway's high Arctic, the launching point for many North Pole expeditions, including Roald Amundsen's 1926 Zeppelin flight, the first undisputed reach for the pole. ... Full Story | Top |
| Iraq says it averted al Qaeda tanker truck attack on major oil site Thursday, May 30, 2013 06:31 AM PDT By Ahmed Rasheed BAGHDAD (Reuters) - Iraq foiled an al Qaeda plot to use tanker trucks packed with explosives to attack a key Baghdad oil facility, a senior security official and oil sources said. The security official declined to name the facility because the investigation was underway but oil ministry officials said the security forces were on high alert following a spate of attacks on a northern pipeline. Protecting infrastructure for the world's fourth largest oil reserves is crucial for Iraq as it rebuilds an industry battered by years of war following the 2003 U.S. ... Full Story | Top |
| Canada current account gap narrows slightly in first quarter Thursday, May 30, 2013 05:41 AM PDT OTTAWA (Reuters) - Canada's current account deficit narrowed slightly in the first quarter of 2013 on lower shortfalls on trade in goods and services, Statistics Canada said on Thursday. The current account deficit totaled C$14.1 billion ($13.6 billion), less than the C$15.5 billion forecast by analysts in a Reuters poll, and smaller than the revised C$14.6 billion gap in the fourth quarter of 2012. Exports of goods rose 2.4 percent in the period on broad strength in commodities while imports rose by 2.0 percent. As a result, the deficit on trade in goods fell to C$1.7 billion from C$2. ... Full Story | Top |
| Canada producer price index down for first time in five months Thursday, May 30, 2013 05:40 AM PDT OTTAWA (Reuters) - Canadian producer prices dropped for the first time in five months in April, slipping 0.8 percent from March on lower prices for petroleum and coal products, Statistics Canada said on Thursday. The decline, which matched the decline recorded in December 2011, was greater than the 0.3 percent drop forecast by market analysts. Of the 21 major commodity groups, 14 were down, three up, while four were unchanged. The largest contributor to the decline was a 3.0 percent drop in petroleum and coal products. Gasoline prices retreated by 3. ... Full Story | Top |
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