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| OMV says gets stake in Madagascar offshore block Monday, Sep 02, 2013 12:13 AM PDT  VIENNA (Reuters) - Austrian oil and gas group OMV has agreed to buy a 40 percent stake in an offshore exploration block west of Madagascar, it said on Monday. OMV said the move would further its strategy of developing a balanced exploration and production portfolio, including opportunities in sub-Saharan Africa. The company did not disclose the price it was paying to buy the stake from Niko Resources. Niko will retain a 35 percent stake, and EnerMad owns the other 25 percent. OMV said it would take over as operator of the block before the start of drilling, which was expected in early 2015. Full Story | Top |
| Doctors get good and bad safety news on diabetes drugs Sunday, Sep 01, 2013 11:01 PM PDT By Ben Hirschler AMSTERDAM (Reuters) - Diabetes pills known as DPP-4 therapies got a mixed safety report on Monday as studies showed they did not raise the risk of heart attacks but might be linked to heart failure, where the heart fails to pump blood adequately. Reassuringly, the medicines were not associated with increased rates of either inflammation of the pancreas or cancer - something that has been a worry in the past. However, in the case of AstraZeneca and Bristol-Myers Squibb's approved drug Onglyza, there was a small increase in hospitalizations for heart failure. ... Full Story | Top |
| Mexico Lower House approves final part of divisive education reform Sunday, Sep 01, 2013 09:57 PM PDT MEXICO CITY (Reuters) - Mexican lawmakers on Sunday approved the final part of a bill to reform an education sector that badly underperforms global peers, legislation that has prompted thousands of school staff to protest in the streets. The lower house approved so-called secondary laws that regulate the tests that President Enrique Pena Nieto says teachers should take periodically to ensure they are up to standard or lose their jobs should they flunk. ... Full Story | Top |
| Japan reiterates may consider discharging radiated Fukushima water into ocean Sunday, Sep 01, 2013 09:30 PM PDT  TOKYO (Reuters) - Japan's nuclear regulator reiterated on Monday that it may have to consider discharging into the ocean water from the wrecked Fukushima nuclear plant that contains radiation below regulatory thresholds. Nuclear Regulation Authority (NRA) Chairman Shunichi Tanaka told reporters there was no evidence of new water leaks at Japan's crippled Fukushima nuclear power plant, following the discovery of high radiation levels in recent days. ... Full Story | Top |
| Bigger and healthier: European men grow 11cm in a century Sunday, Sep 01, 2013 04:21 PM PDT  By Kate Kelland LONDON (Reuters) - The average height of European men grew by a surprising 11 centimeters from the early 1870s to 1980, reflecting significant improvements in health across the region, according to new research published on Monday. Contrary to expectations, the study also found that average height accelerated in the period spanning the two World Wars and the Great Depression, when poverty, food rationing and hardship of war might have been expected to limit people's growth. ... Full Story | Top |
| Japan government abandons hands-off approach to Fukushima clean-up Sunday, Sep 01, 2013 02:12 PM PDT  By Linda Sieg and Mari Saito TOKYO (Reuters) - Japan's government is moving to take a more direct role in the clean-up of the wrecked Fukushima nuclear plant, as concerns grow over the ability of embattled operator Tokyo Electric to handle the legacy of the worst atomic disaster in a quarter century. The concerns have also revived debate about the future of Tokyo Electric Power Co (Tepco) itself, including early-stage proposals to put its toxic nuclear assets under government control and leave the rest of the company as a provider of power to the nation's biggest economic region. ... Full Story | Top |
| China's hardline ex-security chief: praised by party, reviled by activists Sunday, Sep 01, 2013 01:57 PM PDT  By Ben Blanchard and Benjamin Kang Lim BEIJING (Reuters) - Few figures are as divisive in China as former domestic security tsar Zhou Yongkang, reportedly under investigation by the ruling Communist Party for corruption. Even the once ambitious but now ousted politician Bo Xilai, whose trial on corruption ended last week, doesn't evoke the same depth of feeling that Zhou does. ... Full Story | Top |
| Highlights: Merkel and challenger face off on TV before vote Sunday, Sep 01, 2013 01:13 PM PDT BERLIN (Reuters) - Following are highlights of the only live TV clash between Germany's Chancellor Angela Merkel and main challenger Peer Steinbrueck ahead of a federal election on September 22. Steinbrueck, chancellor candidate of the center-left Social Democrats (SPD), is trailing badly in opinion polls but analysts say many voters will make up their decision based on the TV debate. GERMANY'S FINANCES Merkel: "What we have managed to achieve in these past four years is relatively sensational. We have gone from the worst economic crisis Germany has had in 2009... ... Full Story | Top |
| U.S. exit to leave Vodafone with M&A war chest Sunday, Sep 01, 2013 12:01 PM PDT  By Paul Sandle and Leila Abboud LONDON/PARIS (Reuters) - Vodafone's exit from the United States in a $130 billion deal expected to be sealed on Monday will give it a war chest to make acquisitions even after it rewards its shareholders. The board of Verizon Communication will meet on Monday morning New York time to vote on buying out Vodafone from its joint venture, meaning a full announcement could come after the London market close, sources said. ... Full Story | Top |
| Iranian agency drops Rafsanjani remarks critical of Syrian government Sunday, Sep 01, 2013 08:24 AM PDT  DUBAI (Reuters) - An Iranian news agency quoted former president Akbar Hashemi Rafsanjani as saying Syria's government had attacked its own people with chemical weapons, but later replaced the report with a different version that did not attribute blame for the raid. The second version by the semi-official Iranian Labour News Agency reported him as saying on Sunday: "On the one hand the people of Syria are the target of a chemical attack, and now they must wait for an attack by foreigners. ... Full Story | Top |
| Analysis: Libya protests threaten stability as oil output dives Sunday, Sep 01, 2013 08:20 AM PDT By Suleiman Al-Khalidi TRIPOLI (Reuters) - No end is in sight to the worst disruption to Libya's oil industry since the civil war in 2011 as armed groups, security guards and oil workers with tribal loyalties shut down pipelines and oil ports across the country. Central state power is already tenuous and separatist groups are exploiting the stoppages, but the government risks bloody clashes with tribal militias if it sends ill-equipped nascent army units to capture oil terminals held by armed groups. ... Full Story | Top |
| Dubai's ENOC loses deal to fuel U.S. military jets Sunday, Sep 01, 2013 04:50 AM PDT DUBAI (Reuters) - The U.S. military has not renewed its contract to buy jet fuel from Emirates National Oil Company (ENOC) in the United Arab Emirates (UAE) because other suppliers made cheaper bids, the U.S. Department of Defense said. Dubai government-owned ENOC was contracted by the U.S. military to supply jet fuel to Al Minhad Air Base near Dubai from mid-2011 to the start of September 2013. ENOC, which makes fuel from Iranian oil at a refinery near Dubai, has not been awarded any U.S. military contract renewals in the UAE. Chevron won the new contract to supply U.S. ... Full Story | Top |
| Isis heart drug leads to big reduction in blood fat Sunday, Sep 01, 2013 03:16 AM PDT AMSTERDAM (Reuters) - An experimental drug from Isis Pharmaceuticals produced a sharp reduction in levels of triglycerides, a type of fat in the blood that increases the risk of heart disease, a small mid-stage trial showed. Codenamed ISIS-APOCIIIRx, the drug is attracting increased attention from investors who believe it could be a big money spinner for the U.S. biotech company. It is designed for patients with very high to severely high triglyceride levels. ... Full Story | Top |
| Egypt says preparing timetable for energy debts Sunday, Sep 01, 2013 03:04 AM PDT CAIRO (Reuters) - Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies operating in the country, the Petroleum Ministry said in an emailed statement on Sunday. The companies will be asked to agree to the proposal, which is being drawn up in coordination with various government entities. The debts have been accumulated over several years. It hopes that by paying back the arrears it will encourage companies to increase investments in oil exploration and development, it said. ... Full Story | Top |
| Two governments continents apart face defeat despite booms Sunday, Sep 01, 2013 01:41 AM PDT  By Balazs Koranyi and Rob Taylor OSLO/CANBERRA (Reuters) - Two center-left governments on opposite sides of the globe are likely to lose power this month, despite both presiding over commodity-fuelled booms while other economies sank into crisis. Voters in Australia and Norway are almost certain to boot out their governments within a couple of days of each other, fed up with blunders and scandals, and worried that wealth created by high minerals and oil prices has not been spent wisely. ... Full Story | Top |
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