| | |
| Qatar emir hands power to son, no word on prime minister Monday, Jun 24, 2013 11:49 PM PDT  By Regan Doherty DOHA (Reuters) - Qatar's emir Sheikh Hamad bin Khalifa al-Thani handed power on Tuesday to his son, Crown Prince Sheikh Tamim, taking the rare step for a Gulf Arab ruler of voluntarily ceding power to try to ensure a smooth succession. But the 61-year-old emir made no immediate mention of the public face of Qatar's assertive foreign policy, prime minister and foreign minister Sheikh Hamad bin Jassim, a veteran politician who had been expected also to step down. ... Full Story | Top |
| Australia seeks Triton superdrones for Indian Ocean overwatch Monday, Jun 24, 2013 11:48 PM PDT By Rob Taylor CANBERRA (Reuters) - Rising Indian Ocean rivalries as China seeks to safeguard key energy lifelines loom behind an Australian push for a $3 billion fleet of maritime superdrones, which will likely boost intelligence sharing with the United States. With elections looming and pressure for budget savings, the purchase of up to seven MQ-4C Triton unmanned aircraft has emerged as rare point of bipartisan agreement between Australia's Labor government and conservative opponents, but both sides are reluctant to discuss their wider strategic aims. ... Full Story | Top |
| Enbridge says Alberta pipelines still shut after spill Monday, Jun 24, 2013 07:43 PM PDT (Reuters) - Major Canadian oil pipelines that move almost 1 million barrels per day (bpd) of Alberta oil sands crude remained shut on Monday, after a spill on a smaller line was discovered on the weekend, operator Enbridge Inc said. Enbridge, Canada's largest pipeline company, said on Saturday that 750 barrels of synthetic oil had spilled from the 17-km (11-mile) Line 37, which serves CNOOC Ltd's Long Lake oil sands project in northern Alberta. The rupture was spotted about 70 km (43 miles) southeast of the city of Fort McMurray. ... Full Story | Top |
| Brazil's Rousseff calls for constitutional vote to quell protests Monday, Jun 24, 2013 07:15 PM PDT  By Brad Haynes and Maria Carolina Marcello SAO PAULO/BRASILIA (Reuters) - Brazilian President Dilma Rousseff sought to overcome a sudden wave of national discontent with a surprising call on Monday for a referendum on what would be the country's most ambitious political reform in decades. Rouseff proposed a national vote on amending Brazil's constitution in a meeting with governors and mayors the week after the country's largest protests in 20 years jolted politicians of all stripes. ... Full Story | Top |
| Calgary races to save Stampede as flood costs mount Monday, Jun 24, 2013 05:46 PM PDT  By Scott Haggett and Nia Williams CALGARY, Alberta (Reuters) - Calgary will push ahead with its annual Stampede festival on July 5, a marquee event that draws a million people, despite massive flooding that swamped the venue and left the downtown of Canada's oil capital without power, officials said on Monday. The worst flooding in decades late last week turned streets in Calgary and other towns in southern Alberta into fast-running rivers, wreaking damage that will likely cost billions of dollars for repairs and clean-up operations. ... Full Story | Top |
| Alberta promises C$1 billion in flood funding, won't balance budget Monday, Jun 24, 2013 03:33 PM PDT  TORONTO (Reuters) - Alberta Premier Alison Redford on Monday promised C$1 billion ($950 million) in initial funding to help pay for damage caused by major flooding this past weekend, and said the oil-rich province would no longer be able to balance its operating budget this year. Redford said funding was a preliminary contribution to pay for the initial cost of cleaning up the floods in southern Alberta that began last week and for those that affected the oil sands center of Fort McMurray earlier this month. ... Full Story | Top |
| Brazil's Rousseff proposes political reform to quell protests Monday, Jun 24, 2013 02:56 PM PDT  SAO PAULO (Reuters) - Brazilian President Dilma Rousseff on Monday proposed a popular referendum to embark on a sweeping political reform in response to the country's largest public protests in 20 years. Rousseff called for a public vote to eventually amend Brazil's constitution as she sought to seize the momentum in a national debate set off by two weeks of increasingly disruptive demonstrations. ... Full Story | Top |
| Deadly piglet virus spreads to nearly 200 U.S. farm sites Monday, Jun 24, 2013 02:50 PM PDT By P.J. Huffstutter CHICAGO (Reuters) - A swine virus deadly to young pigs, and never before seen in North America, has spiked to 199 sites in 13 states - nearly double the number of farms and other locations from earlier this month. Iowa, the largest U.S. hog producer, has the most sites testing positive for Porcine Epidemic Diarrhea Virus: 102 sites, as of June 10. The state raises on average 30 million hogs each year, according to the Iowa Pork Producers Association. PEDV, most often fatal to very young pigs, causes diarrhea, vomiting and dehydration. ... Full Story | Top |
| China growth angst takes TSX to 10-month low Monday, Jun 24, 2013 01:56 PM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index slumped on Monday, hitting a 10-month low, as anxiety about China's economic growth helped weaken commodity prices and fuel declines in shares of gold and energy producers. The market, which has been roiled by the U.S. Federal Reserve's plans to tighten monetary policy, extended its slide from last week, when it lost 1.6 percent. Worries about a crisis in the Chinese banking system and the ability of the country to deal with a slowing economy have intensified. ... Full Story | Top |
| KKR to buy clinical trials firm PRA International Monday, Jun 24, 2013 01:48 PM PDT (Reuters) - Funds managed by KKR & Co LP will buy clinical research group PRA International from Genstar Capital LLC for an undisclosed amount, PRA said on Monday, underscoring growing private equity interest in the contract research industry. Terms of the deal were not disclosed, but a person familiar with the matter said the agreed price was around $1.3 billion, as previously reported by Reuters. ... Full Story | Top |
| Wall Street ends down but off lows as bond prices gain Monday, Jun 24, 2013 01:46 PM PDT  By Alison Griswold NEW YORK (Reuters) - Stocks fell more than 1 percent on Monday, adding to a sell-off built on concerns about reduced stimulus from the Federal Reserve and on overnight losses in Chinese equity markets. The market shed some of the day's losses in the afternoon, but it was the third time in the past four sessions that the S&P 500 dropped more than 1 percent. Volume was again above-average, with 8.33 billion shares traded on U.S. exchanges, a sign that the pullback has not abated yet. ... Full Story | Top |
| Alberta floods stop potash shipments to Canada's West Coast Monday, Jun 24, 2013 01:12 PM PDT By Rod Nickel (Reuters) - Floods in Alberta have temporarily halted the movement of potash from mines to West Coast ports and shut a big beef processing plant and a fertilizer plant, but companies do not expect the impact to last for long. Richard Downey, spokesman for Agrium Inc , which owns export marketing agency Canpotex Ltd with Potash Corporation of Saskatchewan Inc and Mosaic Co , said potash shipments to the West Coast from mines in Saskatchewan likely stopped late last week, but should resume within days after delays equivalent to those from a winter snowstorm. ... Full Story | Top |
| FTC opens oil pricing probe, following EU: Bloomberg Monday, Jun 24, 2013 12:26 PM PDT  NEW YORK (Reuters) - The U.S. Federal Trade Commission has followed the European Union in opening a formal probe into how crude oil and refined fuel prices are set, Bloomberg News reported on Monday. It said the investigation was in a preliminary stage, but would likely broaden. The FTC is reviewing the progress of European authorities and has agreed with the Department of Justice's antitrust division to handle the probe, Bloomberg reported, citing two people familiar with the matter. The FTC has conducted several inquiries into U.S. ... Full Story | Top |
| New round of thunderstorms threatens Midwest Monday, Jun 24, 2013 12:16 PM PDT By Brendan O'Brien MILWAUKEE (Reuters) - A fresh batch of damaging storms is expected to sweep through the Midwest on Monday afternoon and evening, potentially dampening efforts to restore power to thousands of households in the region. The National Weather Service issued severe thunderstorm watches and warnings for portions of south-central and southeastern Iowa, northwestern Illinois and northern Missouri through Monday evening. The thunderstorms could pack 80 mph winds, large hail and possibly a few tornadoes, the service said. ... Full Story | Top |
| New York City to audit Navigant billing practices Monday, Jun 24, 2013 11:30 AM PDT  (Reuters) - New York City Comptroller John Liu said he would audit the billing practices of consulting firm Navigant Consulting Inc, after a state commission found evidence of questionable billing practices and a "revolving door" relationship with state-owned utility Long Island Power Authority. New York Governor Andrew Cuomo said on Sunday that he would ask federal prosecutors to review a report that found "breathtaking waste and inefficiency" in the utility's dealings with Navigant. ... Full Story | Top |
|
No comments:
Post a Comment