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| Russian PM sacks ally of oil boss Sechin Friday, Jul 05, 2013 11:28 AM PDT  By Vladimir Soldatkin MOSCOW (Reuters) - Russian Prime Minister Dmitry Medvedev on Friday sacked a senior resources official, believed to be a close ally of Igor Sechin, the boss of state oil firm Rosneft, in a move analysts said was a sign of growing confrontation between the two men. In an order published on Friday Medvedev dismissed Alexander Popov, the head of Rosnedra, an agency responsible for granting licenses to develop natural resources. Popov was an aide to Sechin when Sechin oversaw Russia's energy sector as deputy prime minister. ... Full Story | Top |
| Petronas seeks export permit for Canadian LNG project Friday, Jul 05, 2013 11:26 AM PDT  CALGARY, Alberta (Reuters) - The Canadian unit of Malaysia's Petronas said on Friday it has asked regulators for a license to export nearly 20 million tonnes of liquefied natural gas a year from a C$11 billion ($10.4 billion) export facility it plans to build at the north end of British Columbia's Pacific Coast. The company has applied to Canada's National Energy Board for the license, which would begin in 2019 and run for 25 years. Petronas, which last year bought Canada's Progress Energy Resources Corp in a controversial C$5. ... Full Story | Top |
| Oil extends gains on Egypt concerns, U.S. data supports Friday, Jul 05, 2013 10:56 AM PDT  By Jeanine Prezioso NEW YORK (Reuters) - Brent crude oil extended gains on Friday afternoon after the leader of a group backing the ousted Egyptian president called for his reinstatement, fueling fears of escalating conflict in the nation and spillover to elsewhere in the Middle East. Brent crude oil for August delivery was trading $1.92 per barrel higher at $107.46 at 1:32 p.m. EDT after hitting a three-month high of $107.74 a barrel. ... Full Story | Top |
| Nigeria court to rule on LNG blockade on Monday Friday, Jul 05, 2013 08:57 AM PDT LAGOS (Reuters) - Nigeria's federal court in Lagos delayed a ruling on a dispute between Nigeria's liquefied natural gas company (NLNG) and the maritime security agency over taxes until Monday, extending a deadlock that is costing $22 million a day in lost gas exports. Since June 21, the Nigerian Maritime Administration and Safety Agency (NIMASA) has barred LNG cargoes from entering or leaving the loading bay because it says NLNG is not paying a 3 percent levy, from which the NLNG argues it is exempt. Full Story | Top |
| EU and China close in on solar panel deal Friday, Jul 05, 2013 08:03 AM PDT  By Robin Emmott, Ethan Bilby and Samuel Shen BRUSSELS/SHANGHAI (Reuters) - The European Union and China are moving towards a deal to defuse a conflict over alleged dumping of solar panels in Europe, officials from both sides said on Friday, aiming to head off a damaging trade war in goods from steel to wine. The European Commission, the EU's executive, accuses China of flooding Europe with billions of euros of cheap solar panels sold at below the cost of production, and has imposed duties that will jump up to punitive levels in August. ... Full Story | Top |
| UK must act to save $500 billion of oil, North Sea firms say Friday, Jul 05, 2013 07:09 AM PDT By Claire Milhench LONDON (Reuters) - Britain must get tough with major oil firms that prevent smaller producers from getting access to platforms and pipelines, or risk leaving as much as $500 billion worth of oil in the ground, North Sea oil companies say. Output from the North Sea has been in steep decline as mature fields are exhausted and global firms such as BP and Shell focus on more promising projects elsewhere. But there is still oil under the sea bed that a host of smaller operators is keen to extract, and Britain's cash-strapped government is anxious to maximise tax revenues. ... Full Story | Top |
| WHO sets up emergency committee on MERS virus Friday, Jul 05, 2013 05:18 AM PDT GENEVA (Reuters) - The World Health Organization is forming an emergency committee of international experts to prepare for a possible worsening of the Middle East coronavirus (MERS), which has killed 40 people, WHO flu expert Keiji Fukuda said on Friday. Fukuda said there was currently no emergency or pandemic but the experts would advise on how to tackle the disease if the number of cases suddenly grows. Most of the cases of MERS so far have been in Saudi Arabia, which hosts millions of Muslim visitors every year for the annual haj pilgrimage. ... Full Story | Top |
| Afghan Taliban vow attacks over Ramadan after being hacked Friday, Jul 05, 2013 04:44 AM PDT KABUL (Reuters) - The Afghan Taliban promised on Friday to continue attacks over Ramadan, rejecting as a fake an insurgent email promising a halt in violence over the coming Muslim holy month and saying it was the work of government intelligence. Taliban spokesman Zabihullah Mujahid said the message sent in his name promising a temporary cessation of violence with next week's start of Ramadan was the latest incident in a simmering cyber war between intelligence agencies and the insurgents. "In that mail the enemy losers have tried to influence attacks by mujahideen fighters," Mujahid said. ... Full Story | Top |
| South Sudan accuses Sudan of attacks in disputed borderland Friday, Jul 05, 2013 04:42 AM PDT By Andrew Green JUBA (Reuters) - South Sudan accused Sudan's army on Friday of launching two separate attacks with planes and land troops on areas near their disputed border, in a new sign of friction between the former civil war foes. Relations between the African neighbours hit a low when Sudan threatened last month to halt South Sudanese oil exports passing through the north unless Juba cut ties with rebels operating across the shared border. South Sudan denies any such links. ... Full Story | Top |
| Suez Canal, Egypt ports operating normally Friday, Jul 05, 2013 04:40 AM PDT CAIRO/LONDON (Reuters) - Egypt's ports and its strategic Suez Canal were operating normally on Friday with no disruption to cargo traffic, two shipping sources and a canal official said. "The movement of ships was not affected by the Sinai attacks," Mohab Mameesh, head of the Suez Canal Authority, said. He said 48 ships had passed through the canal on Friday. Egypt's army announced a state of emergency in the provinces of South Sinai and Suez on Friday after Islamist gunmen attacked an airport in the Sinai town of El Arish, state newspaper Al-Ahram reported. ... Full Story | Top |
| Top Vivus shareholder says proxy firm ISS backs three of nine board nominees Friday, Jul 05, 2013 04:16 AM PDT (Reuters) - Vivus Inc's largest shareholder, First Manhattan Co, said on Friday proxy advisory firm Institutional Shareholder Services recommended three of the nine directors the shareholder had proposed for nomination to the drugmaker's board. Another advisory firm, Egan Jones, has backed all the nominees, while a third one, Glass Lewis, called Vivus's plan to launch diet drug Qsymia without a commercial partner "ill-advised", First Manhattan said in a statement. Qsymia's lackluster sales have been the main point of criticism by First Manhattan, which owns about 9.9 percent of the Vivus. ... Full Story | Top |
| EU and China close in on solar panel deal: sources Friday, Jul 05, 2013 03:29 AM PDT  BRUSSELS (Reuters) - The European Union and China are moving towards a deal to defuse a conflict over alleged dumping of solar panels in Europe, people familiar with the matter said on Friday, aiming to agree a minimum price for Chinese importers above their production costs. "The architecture of the deal is there," said one person close to the negotiations that are taking place in Beijing. A second person said the proposed deal involves a quota for Chinese panels that could not be sold at less than the cost of production in China. Analysts say that was around $0.59 per watt in 2012. ... Full Story | Top |
| British Land buys London site in bet on new rail line Friday, Jul 05, 2013 01:48 AM PDT LONDON (Reuters) - Property developer British Land bought the majority of a west London office complex for 470 million pounds ($708 million) in a bet the capital's Crossrail east-west train line, due to open in 2018, will boost real estate prices. Britain's second-largest listed developer bought offices, shops, a hotel and development sites from insurer Aviva at the PaddingtonCentral scheme at a rental yield that will grow to 6.2 percent, it said on Friday. ... 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 |
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