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| Sen. Wyden warns gene-altered wheat could become trade problem Friday, May 31, 2013 11:35 AM PDT WASHINGTON (Reuters) - The U.S. Agriculture Department must work with other agencies to ensure that the discovery of unapproved genetically engineered wheat in Oregon does not become an unfair barrier to trade, one of the state's U.S. Senators said on Friday. "The discovery of non-harvested, GE (genetically engineered) wheat should not be used by America's trading partners to erect spurious, protectionist trade barriers ... in the absence of scientific evidence indicating that Oregon exports contain this strain of wheat," Sen. Roy Wyden, a Democrat, wrote to USDA Secretary Tom Vilsack. ... Full Story | Top |
| Large asteroid, with small moon in tow, to fly by Earth Friday, May 31, 2013 10:52 AM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - A large asteroid accompanied by its own small moon was approaching Earth on Friday, the latest in a string of celestial visitors drawing attention to the potential dangers of objects in space. Asteroid 1998 QE2 - which is not named for the United Kingdom's monarch - is about 1.7 miles in diameter, about nine times as long as the Queen Elizabeth II ocean liner. It is far bigger than the small asteroid that blasted through the skies over Chelyabinsk, Russia, on February 15, leaving more than 1,500 people injured by flying glass and debris. ... Full Story | Top |
| More severe weather and tornadoes forecast for Oklahoma, Ozarks Friday, May 31, 2013 10:12 AM PDT  By Suzi Parker LITTLE ROCK, Arkansas (Reuters) - Another round of dangerous weather, spawning baseball-sized hail and tornadoes, was predicted for Oklahoma and parts of the Ozarks on Friday, a day after more than a dozen reported twisters ripped through the region, U.S. forecasters said. Storms in Oklahoma and Arkansas left an Arkansas county sheriff dead and at least one man missing in an attempted water rescue and at least five other people injured elsewhere, officials said. ... Full Story | Top |
| Soft data, commodity prices take TSX to 1-week low Friday, May 31, 2013 08:25 AM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index slipped on Friday as lower commodity prices triggered a slump in shares of natural resource companies and weak economic data out of Europe and the United States dampened investor sentiment. While almost every major sector declined, the index still looked on track for a gain in May, reversing losses in the previous two months. The commodities-exporting market, which has been hit sharply this year by volatility in resource prices, reacts to global economic trends because of its large exposure to materials and energy stocks. ... Full Story | Top |
| Ten found dead after boat sinks at Chevron Nigeria facility Friday, May 31, 2013 07:36 AM PDT ABUJA (Reuters) - Ten bodies have been found during a rescue operation off the coast of Nigeria after a tugboat contracted by Chevron sank on Sunday in rough seas, the vessel's owner said on Friday. The Jascon-4 capsized early on Sunday at a mooring point around 30 km (20 miles) off oil-producing Delta state. Of 12 people who had been on board, one was rescued alive and another is still missing. "The search and rescue operation that has been under way since 26 May has had to be stopped for safety reasons," the ship's owner West African Ventures said in a statement. ... Full Story | Top |
| No rise in cancer seen from Japan's nuclear disaster: U.N. Friday, May 31, 2013 07:35 AM PDT  By Fredrik Dahl VIENNA (Reuters) - The evacuation of tens of thousands of people helped prevent rising cancer rates and other health problems after Japan's Fukushima nuclear disaster, the world's worst in 25 years, U.N. scientists said on Friday. Radiation exposure following the reactor meltdowns more than two years ago did not cause any immediate health effects, the United Nations Scientific Committee on the Effects of Atomic Radiation (UNSCEAR) said after its annual meeting. ... Full Story | Top |
| Argentina's YPF to sue Repsol chief for over-payments: source Friday, May 31, 2013 07:23 AM PDT  BUENOS AIRES (Reuters) - Argentina's state-controlled energy company YPF will sue the head of Repsol on grounds that he overpaid YPF's board of directors when the Spanish oil major owned YPF in 2009-2011, a source familiar with the situation told Reuters. At a shareholders meeting that ended in the early morning hours on Friday, YPF decided to sue Repsol Chairman Antonio Brufau for allegedly overpaying YPF's board of directors in 2009, 2010 and 2011. ... Full Story | Top |
| Banks in the dark over $15 billion of promised Rosneft M&A business Friday, May 31, 2013 05:24 AM PDT  By Sophie Sassard and Melissa Akin LONDON/MOSCOW (Reuters) - Banks that helped Russian oil company Rosneft finance its $55 billion buyout of rival TNK-BP have been left waiting for their payback - a share in $15 billion in asset sales expected to follow the deal, sources familiar with matter said. State oil company Rosneft's takeover of TNK-BP this year aimed to create a major oil group producing more oil than Exxon Mobil , but it also tightened the Russian government's grip on the country's energy sector. ... Full Story | Top |
| Power regulator's JPMorgan case could be on summer simmer Friday, May 31, 2013 04:09 AM PDT By Patrick Rucker and Scott DiSavino WASHINGTON/NEW YORK (Reuters) - Even before the chief U.S. power market regulator announced his resignation this week, the agency pursuing a contested probe against JPMorgan Chase & Co for alleged market manipulation had good reason to take its time building the case. The bank, already embroiled in a public legal battle with the Federal Energy Regulatory Commission (FERC) over disclosing certain emails, alerted investors earlier this month that it expected FERC to move against the bank for trading activities in electricity markets. ... Full Story | Top |
| Rising radioactive spills leave Fukushima fishermen floundering Friday, May 31, 2013 02:21 AM PDT  By Antoni Slodkowski HISANOHAMA, Japan (Reuters) - Dozens of crabs, three small sharks and scores of fish thump on the slippery deck of the fishing boat True Prosperity as captain Shohei Yaoita lands his latest haul, another catch headed not for the dinner table but for radioactive testing. Japan's government banned commercial fishing in this area, some 200 km (125 miles) northeast of Tokyo, after a devastating 2011 tsunami and the reactor meltdowns and explosions that followed at the nearby Fukushima Dai-ichi nuclear plant. ... Full Story | Top |
| 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 |
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