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| Storm death toll rises as wind, rain batters northern Europe Tuesday, Oct 29, 2013 12:26 AM PDT  By Marie-Louise Gumuchian and Anthony Deutsch LONDON/AMSTERDAM (Reuters) - Hurricane strength winds battered northern Europe on Monday, killing more than a dozen people, cutting power and forcing the cancellation of hundreds of flights and train journeys. At least seven people died in Germany while there were four deaths in Britain and fatalities in the Netherlands, Denmark and France as the storm brought down trees, blew roofs off houses and turned over trucks, causing chaos across much of the region. ... Full Story | Top |
| UK storm causes two Dungeness nuclear reactors to close Tuesday, Oct 29, 2013 12:26 AM PDT LONDON (Reuters) - The storm that swept across southern Britain on Monday morning caused nuclear power outages at the Dungeness B21 and B22 units, operator EDF Energy said. EDF Energy said on its website that both units, which have a capacity of 550 megawatts (MW) each, came off at 0744 GMT on Monday, adding that unit availability was expected to be zero for the next seven days. "The shutdown was weather-related. The plant reacted as it should and shut down safely," an EDF Energy spokeswoman said. ... Full Story | Top |
| BP beats forecasts, hikes dividend as big oil Q3 kicks off Tuesday, Oct 29, 2013 12:16 AM PDT  LONDON (Reuters) - BP Plc kicked off the third quarter results season for the world's top five investor-owned oil companies with a forecast beating result and a dividend hike on Tuesday, delivering earnings for the quarter of $3.7 billion compared with a consensus forecast of $3.17 billion. (Reporting by Andrew Callus; Editing by Sarah Young) Full Story | Top |
| Kenya shutdown tempers east African oil ambitions Monday, Oct 28, 2013 11:34 PM PDT  By Edmund Blair NAIROBI (Reuters) - Tullow Oil's suspension of drilling in Kenya after weekend protests shows that popular impatience for a share of the spoils is compounding the problems energy firms face building an oil and gas industry from scratch in east Africa. Backed by local politicians, demonstrators from Kenya's poor, northern Turkana community marched on Tullow sites demanding jobs and other benefits, prompting one of Sub-Saharan Africa's most experienced oil explorers to "temporarily" halt work. ... Full Story | Top |
| Brazil's OGX ends talks with holders of $3.6 billion of bonds Monday, Oct 28, 2013 11:29 PM PDT  By Jeb Blount and Guillermo Parra-Bernal RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil's OGX Petróleo e Gas Participações SA ended talks with holders of $3.6 billion of its bonds due in 2018 and 2022 after months of talks, the cash-strapped oil company controlled by Brazilian tycoon Eike Batista said on Tuesday. Rio de Janeiro-based OGX's failure to meet expected oil output targets sparked the meltdown of former billionaire Batista's EBX energy, mining, port and shipbuilding group. OGX announced the end of bondholder talks in an e-mailed statement after midnight Tuesday (0200 GMT). ... Full Story | Top |
| Study questions FDA's shorter drug approval times Monday, Oct 28, 2013 09:54 PM PDT By Toni Clarke WASHINGTON (Reuters) - New drugs that receive expedited review by the Food and Drug Administration are being tested on fewer patients, leaving many safety questions unanswered even after they are approved, a study released on Monday in the Journal of the American Medical Association found. Study authors Thomas Moore of the Institute for Safe Medication Practices and Dr Curt Furberg, a professor at Wake Forest School of Medicine, examined the development times, clinical testing and risks associated with 20 new drugs approved in 2008. ... Full Story | Top |
| 'Lost world' of Australian rainforest yields up three new species Monday, Oct 28, 2013 07:24 PM PDT SYDNEY (Reuters) - Scientists have discovered three new species of animals in a rainforest 'lost world' in Australia, protected for millions of years by almost impenetrable stacks of granite boulders. The new animals are a leaf-tail gecko, a golden-colored skink and a boulder-dwelling frog living in the unique rocky rainforest in Cape Melville, some 1,500 km (900 miles) north west of Brisbane, Australia's third most populous city. ... Full Story | Top |
| MPs to question energy bosses over big price rises Monday, Oct 28, 2013 07:08 PM PDT  By William James and Sarah Young LONDON (Reuters) - The chiefs of six companies accused of abusing their grip on Britain's energy market will be questioned by MPs on Tuesday over escalating home electricity and gas prices in a dispute that could affect the next general election. The issue of soaring energy bills has jumped to the top of the political agenda in Britain since opposition Labour leader Ed Miliband promised to freeze energy bills for 20 months if his party wins the 2015 vote. ... Full Story | Top |
| Western U.S. states, British Columbia team up to battle climate change Monday, Oct 28, 2013 06:54 PM PDT By Rory Carroll SAN FRANCISCO (Reuters) - The leaders of the three U.S. states along the Pacific Coast and the Canadian province of British Columbia agreed on Monday to align carbon-cutting policies in the coastal region, which together is equivalent to the world's fifth-largest economy. Under the agreement aimed at aligning climate change strategies, the U.S. states of Oregon and Washington will move to set their first pricing on carbon emissions. ... Full Story | Top |
| Mexico forces kill two suspects in state energy firm attacks Monday, Oct 28, 2013 05:54 PM PDT  By Lizbeth Diaz MEXICO CITY (Reuters) - Mexican security forces killed two people believed to be involved in a string of attacks on electrical installations at the weekend and captured three more, the government said on Monday. An unspecified number of substations and gas stations were attacked and damaged early on Sunday in the troubled western state of Michoacan in an attack that temporarily knocked out power for hundreds of thousands of people. ... Full Story | Top |
| Iran outlines plan to win back Western oil interest: FT report Monday, Oct 28, 2013 04:39 PM PDT  (Reuters) - Iran is planning to offer international companies more lucrative contracts to attract at least $100 billion worth of investment in its oilfields over the next three years, the Financial Times reported on Monday. An adviser to Iran's oil minister, Mehdi Hosseini, was quoted in the Financial Times article as saying the Islamic republic would scrap its current system of "buyback" contracts, which do not allow foreign companies to book reserves or take equity stakes in Iranian projects. ... Full Story | Top |
| Factbox: German coalition watch: Euro, banks & finance on agenda Monday, Oct 28, 2013 04:31 PM PDT German Chancellor Angela Merkel's conservatives have begun talks with the center-left Social Democrats (SPD) with the goal of having a new "grand coalition" government in place by Christmas. The parties have created 16 working groups that are charged with proposing policy compromises on a range of issues, from economic and banking policy, to the euro and energy. Below are the latest details on the talks, comments from participants, and media reports: * The working group on bank regulation, Europe and the euro held its first meeting on Monday. ... Full Story | Top |
| JAMA study questions FDA's shorter drug approval times Monday, Oct 28, 2013 03:23 PM PDT By Toni Clarke WASHINGTON (Reuters) - New drugs that receive expedited review by the Food and Drug Administration are being tested on fewer patients, leaving many safety questions unanswered even after they are approved, a study released on Monday in the Journal of the American Medical Association found. Study authors Thomas Moore of the Institute for Safe Medication Practices and Dr Curt Furberg, a professor at Wake Forest School of Medicine, examined the development times, clinical testing and risks associated with 20 new drugs approved in 2008. ... Full Story | Top |
| S&P 500 ends at record high on Fed hopes Monday, Oct 28, 2013 03:08 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - The S&P 500 closed at another record high on Monday as expectations were high that the Federal Reserve will keep its stimulus in place when it meets this week. But the overall market was little changed, with the Dow and Nasdaq ending down slightly, after the recent sharp run-up in the stock market lost some momentum. The S&P 500 has risen 6.4 percent since October 8, when it hit its lowest point during the U.S. government's partial shutdown and the debate over raising the debt ceiling. The benchmark index is up 23.6 percent for the year so far. ... Full Story | Top |
| India, U.S. preparing satellites to probe Martian atmosphere Monday, Oct 28, 2013 03:01 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - Two new science satellites are being prepared to join a fleet of robotic Mars probes to help determine why the planet most like Earth in the solar system ended up so different. India's Mars Orbiter Mission, the country's first interplanetary foray, is due to blast off on November 5 from the Satish Dhawan Space Centre in Sriharikota, India. ... Full Story | Top |
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