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| 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 |
| Batista exit from MPX begins breakup of EBX empire Thursday, Jul 04, 2013 10:29 AM PDT  By Guillermo Parra-Bernal and Jeb Blount SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian billionaire Eike Batista's EBX Group, a once high-flying industrial conglomerate, began breaking up on Thursday, the latest victim of a decade-long commodities boom that has come to a screeching halt. Batista, the founder and vital force behind the oil, energy, port, shipbuilding and mining group who branded all his companies with an "X" for "the multiplication of wealth," stepped down as chairman of MPX Energia SA , the embattled EBX Group's most promising company. ... 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 |
| Gas price retreats as warm weather dulls demand Thursday, Jul 04, 2013 01:38 AM PDT  LONDON (Reuters) - British spot gas prices pared back gains on Thursday as warm weather curbed demand, leaving the system oversupplied. Gas for Friday delivery was trading 0.60 pence lower at 64.55 pence per therm at 0737 GMT. Prices had been gaining ground over the past couple of weeks. "The system opened long this morning, which is a bearish factor for (the within-day) contract and may pull down other NBP prompt prices," Point Carbon analysts said. ... Full Story | Top |
| Kenya seizes 1.5 tonnes of ivory at port Thursday, Jul 04, 2013 01:16 AM PDT By Joseph Akwiri MOMBASA (Reuters) - Kenyan officials seized 775 pieces of elephant ivory weighing 1.3 tonnes in the port city of Mombasa hidden under fish for export and destined for Malaysia from Uganda, they said on Wednesday. Poaching has risen in recent years across sub-Saharan Africa, where well-armed criminal gangs have killed elephants for tusks and rhinos for their horns that are often shipped to Asia for use in ornaments and some medicines. ... Full Story | Top |
| Insight: Nigeria seeks farming revival to break oil curse Wednesday, Jul 03, 2013 11:38 PM PDT  By Joe Brock SAULAWA, Nigeria (Reuters) - Down a winding dirt track in this sleepy village in northern Nigeria lies a corn farm which looks much like the dozens that surround it. The difference is, this one is turning a profit. "I can barely lift my 8-year-old. He's the fattest in the village," said Ibrahim Mustapha, 50, drawing laughter from his fellow farmers as he pretends to lift up his chubby son. ... Full Story | Top |
| Nigeria to sign off on $3 billion in Chinese loans Wednesday, Jul 03, 2013 11:13 PM PDT  By Joe Brock and Felix Onuah ABUJA (Reuters) - Nigerian President Goodluck Jonathan will travel to China next week to sign off on $3 billion in Chinese loans to build infrastructure in Africa's most populous country, the finance minister said on Wednesday. The agreed loans will come from the Chinese government and will be based on interest rates of less than 3 percent over a 15-20 year period, Minister of Finance Ngozi Okonjo-Iweala said. ... Full Story | Top |
| Abe urges voters to help end parliamentary deadlock Wednesday, Jul 03, 2013 09:42 PM PDT  By Kiyoshi Takenaka FUKUSHIMA, Japan (Reuters) - Japanese Prime Minister Shinzo Abe, riding high in opinion polls on hopes he can revive a stagnant economy, urged voters on Thursday to back his ruling bloc in this month's upper house election and end a six-year policy deadlock. Abe, back in power after his Liberal Democratic Party's big win in a December election for the powerful lower house, is expected to lead his coalition to a hefty victory in the July 21 poll, resolving a "twisted parliament" where opposition parties control the upper house and are able to block bills. ... Full Story | Top |
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