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| China 'highly optimistic' about solar trade talks with EU Thursday, Jul 04, 2013 11:18 PM PDT  By Charlie Zhu and Samuel Shen HONG KONG/SHANGHAI (Reuters) - China expects to resolve a muli-billion dollar solar trade spat with the European Union by next month, a senior Chinese industry official said on Friday, after a newspaper reported that Beijing has made a new offer with EU to settle the dispute. The solar dispute has the potential to affect 21 billion euros ($27.1 billion) worth of imported Chinese solar panels, cells and wafers from manufacturers such as Trina Solar , Yingli Green Energy and Suntech Power Holdings . ... Full Story | Top |
| Batista exit from MPX begins breakup of EBX empire Thursday, Jul 04, 2013 08:11 PM PDT  By Jeb Blount and Guillermo Parra-Bernal RIO DE JANEIRO/SAO PAULO (Reuters) - Brazilian billionaire Eike Batista's EBX Group, a once high-flying industrial conglomerate, began breaking up on Thursday, the latest victim of a screeching halt in a decade-long commodities boom. Batista, the founder and vital force behind the oil, energy, port, shipbuilding and mining group, stepped down as chairman of MPX Energia SA , the embattled EBX Group's most promising company. ... Full Story | Top |
| Study finds MERS virus has not yet reached pandemic potential Thursday, Jul 04, 2013 04:08 PM PDT By Kate Kelland LONDON (Reuters) - The Middle East coronavirus that has killed 40 people since emerging late last year has not yet reached pandemic potential and may simply die out, according to new estimates of how easily it is transmitted. In a study in The Lancet medical journal, researchers from France's Institut Pasteur in Paris analyzed data on Middle East respiratory syndrome (MERS) clusters and found its likelihood of developing into a SARS-like worldwide epidemic was low. ... Full Story | Top |
| SAC's Cohen seen avoiding criminal charges by July deadline: WSJ Thursday, Jul 04, 2013 03:56 PM PDT  BOSTON (Reuters) - U.S. prosecutors do not have enough evidence to file criminal insider trading charges against hedge fund manager Steven A. Cohen before a July deadline, the Wall Street Journal reported on Thursday. Citing unidentified sources familiar with the government's investigation into the $15 billion hedge fund and its founder, the Journal said this month's deadline, tied to a five-year statute of limitations on filing criminal charges, would likely pass without any action. A SAC spokesman declined to comment. ... Full Story | Top |
| EBX restructuring to leave $1.7 billion debt, $2 billion in assets: source Thursday, Jul 04, 2013 03:39 PM PDT RIO DE JANEIRO (Reuters) - The restructuring of Brazil's EBX industrial conglomerate will likely leave its controlling shareholder Eike Batista with about $1.7 billion of debt and up to $2 billion of assets, a source with direct knowledge of the situation told Reuters on Thursday. The sale of assets in EBX companies such as utility MPX Energia SA and iron ore miner MMX Mineração e Metálicos SA will allow Batista to retire his debts with Brazilian banks. The restructuring will also cut his debt with Abu Dhabi sovereign wealth fund Mubadala by more than 25 percent to between $1.6 billion and $1. ... Full Story | Top |
| Panasonic to close solar cell factory in Hungary: Nikkei Thursday, Jul 04, 2013 02:15 PM PDT  (Reuters) - Japan's Panasonic Corp plans to shut down its sole European solar cell plant next March and dismiss about 500 workers at the factory, the Nikkei reported. The Hungarian factory will end production in September, leaving the company with one solar cell plant each in Japan's Osaka and Shiga prefectures and another in Malaysia, the business newspaper said. Equipment from the Hungarian facility will be transported to the other plants, the daily said. The European solar energy market is dominated by Chinese suppliers such as Yingli Green Energy . ... Full Story | Top |
| FDA approves Orexo drug to treat opioid addiction Thursday, Jul 04, 2013 11:41 AM PDT By Toni Clarke (Reuters) - The U.S. Food and Drug Administration has approved Swedish drugmaker Orexo AB's drug to treat opioid addiction, the company said on Thursday, sending its shares up as much as 14.3 percent in Stockholm. The tablet, Zubsolv, dissolves under the tongue. It combines the drugs buprenorphine and naloxone and will compete with similar products, Subutex and Suboxone, made by Britain's Reckitt-Benckiser Group Plc. Orexo said its drug offers a benefit to patients over Suboxone because less is required to achieve the same effect. ... Full Story | Top |
| Mexican reforms hostage to opposition in local elections Thursday, Jul 04, 2013 10:15 AM PDT  By Dave Graham MEXICO CITY (Reuters) - A year after winning the Mexican presidency, Enrique Pena Nieto needs a solid performance by the opposition in state elections on Sunday to keep alive a fragile alliance he built to steer reforms through Congress. Falling short of a majority when he won, Pena Nieto crafted an informal coalition with the opposition to help realize his economic vision, two key parts of which - opening up state oil giant Pemex to private capital and boosting the tax take - he is planning to send to Congress by September. ... Full Story | Top |
| Sentences for cyber crime and snooping to be tougher across EU Thursday, Jul 04, 2013 10:13 AM PDT  STRASBOURG, France (Reuters) - EU lawmakers agreed on Thursday to toughen criminal penalties across the European Union for cyber attacks, especially those that include harming critical national infrastructure and hijacking computers to steal sensitive data. The 28 EU member states currently have a patchwork of varying tariffs for cyber crime. The decision mandates national maximum sentences of at least two years in prison for attempting to illegally access information systems. ... Full Story | Top |
| Fall of Egypt's Mursi splits region Thursday, Jul 04, 2013 09:44 AM PDT  By Tarek Amara TUNIS (Reuters) - The toppling of Egyptian President Mohamed Mursi divided the Middle East on Thursday, with Tunisia's ruling Islamists denouncing it as a coup while Gulf Arab leaders celebrated. The United States expressed concern at the overthrow of the elected Mursi and his Muslim Brotherhood and called for a swift return to democracy, as did the European Union. But they stopped short of calling it a coup, which might have led to sanctions. The 54-nation African Union was likely to suspend Egypt for allowing "unconstitutional change", a senior AU source told Reuters. ... Full Story | Top |
| Gulf Arabs greet Egypt's new leader, Turkey slams 'coup' Thursday, Jul 04, 2013 07:13 AM PDT  By Sami Aboudi DUBAI (Reuters) - Gulf Arab states welcomed Egypt's interim leader on Thursday, hopeful his appointment would stem the rise of Islamists in the Middle East, but the military overthrow of an elected president drew a guarded response from Iran and condemnation from Turkey. The United States expressed concern at the ouster of Mohamed Mursi on Wednesday and called for a swift return to democracy, as did the European Union. But they stopped short of calling it a coup, which might have led to sanctions. ... Full Story | Top |
| Oil dips to around $105 as supply concerns ease Thursday, Jul 04, 2013 05:53 AM PDT By Alex Lawler LONDON (Reuters) - Oil slipped on Thursday to around $105 a barrel after Egypt's armed forces toppled its president, easing concerns over the threat of supply disruption in the Middle East. The Suez Canal, a vital waterway for oil shipments, was not affected by the unrest, but analysts said real and threatened supply disruptions in regions including the Middle East, which pumps a third of the world's oil, would support prices. ... Full Story | Top |
| Clooney, Bullock to open Venice Film Festival with 'Gravity' Thursday, Jul 04, 2013 05:30 AM PDT LONDON (Reuters) - The world premiere of Mexican film director Alfonso Cuaron's "Gravity", starring Sandra Bullock and George Clooney, will open the 70th Venice International Film Festival next month. Festival organizers said the 3D thriller starring Bullock and Clooney as astronauts cast adrift in space after disaster strikes their shuttle will kick off the festival on August 28. Bullock plays Dr. Ryan Stone, a brilliant medical engineer on her first shuttle mission, with Clooney as veteran astronaut Matt Kowalsky spiraling through the blackness of space. ... Full Story | Top |
| Britain opens world's largest offshore wind farm Thursday, Jul 04, 2013 05:16 AM PDT  LONDON (Reuters) - The world's largest offshore wind farm, which can generate enough electricity for half a million homes, was officially opened off Britain's south-east coast on Thursday. Prime Minister David Cameron opened the 630-megawatt London Array project, which was developed by E.ON, DONG Energy and Abu Dhabi's Masdar and produced its first electricity from all its turbines in April. The 1.5 billion pound ($2.3 billion) wind farm, built 20 kilometres offshore, contains 175 turbines and solidifies Britain's position at the top of the world's offshore wind league table. ... Full Story | Top |
| Japan says building nuclear safety culture will take a long time Thursday, Jul 04, 2013 03:38 AM PDT  By Aaron Sheldrick and Kentaro Hamada TOKYO (Reuters) - Japan's nuclear regulator said on Thursday that elevating safety culture to international standards will "take a long time", days before new rules come into effect to avoid a repeat of the Fukushima nuclear disaster in March 2011. An earthquake and tsunami killed nearly 20,000 people and triggered the world's worst nuclear crisis in 25 years when the Fukushima-Daiichi nuclear plant was destroyed, leaking radiation into the sea and air. ... Full Story | Top |
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