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| Tokyo Electric set to receive $5.9 billion financing: source Sunday, Sep 29, 2013 08:09 PM PDT  By Taro Fuse TOKYO (Reuters) - Creditors are set to provide $5.9 billion in financing to Tokyo Electric Power Co (Tepco), a person involved in the talks told Reuters on Monday, offering a lifeline to the embattled owner of the crippled Fukushima nuclear plant. Tepco's major banks are prepared to provide 500 billion yen ($5.09 billion) in financing in December - 200 billion yen in loan rollovers and 300 billion yen in new financing - said the person, who has been involved in financing talks as a representative of one of the utility's major creditors. ... Full Story | Top |
| Tokyo Electric reverses earlier losses on financing hopes Sunday, Sep 29, 2013 07:31 PM PDT  TOKYO (Reuters) - Shares of Tokyo Electric Power Co reversed early losses on Monday after a source said creditors of the operator of the crippled Fukushima nuclear plant are set to provide some $5.9 billion in financing to the embattled utility by the year-end. Tepco's application on Friday to restart an undamaged nuclear plant helped convince some wavering smaller banks to join a group of 28 financial institutions in rolling over 77 billion yen ($784 million) in loans coming due at the end of October, the source at one of the creditor institutions told Reuters. ... Full Story | Top |
| SpaceX Falcon 9 rocket blasts off from California Sunday, Sep 29, 2013 06:22 PM PDT  By Irene Klotz VANDENBERG AIR FORCE BASE, California (Reuters) - An unmanned Falcon 9 rocket blasted off from California on Sunday to test upgrades before commercial satellite launch services begin later this year. The 22-story rocket, built and flown by Space Exploration Technologies, or SpaceX, soared off a newly refurbished, leased launch pad at Vandenberg Air Force Station at noon (1600 GMT). The Falcon 9 blazed through clear blue skies out over the Pacific Ocean, its water vapor trail visible even as the rocket left the atmosphere. "It went better than expected. ... Full Story | Top |
| Kerry sees potential for quick Iran nuclear deal Sunday, Sep 29, 2013 04:02 PM PDT  WASHINGTON (Reuters) - Secretary of State John Kerry said a deal on Iran's nuclear weapons program could be reached relatively quickly, and it would have the potential to dramatically improve the relationship between the two countries. Kerry said intensifying diplomatic efforts to resolve the dispute over Iran's nuclear program could produce an agreement within the three- to six-month time frame that Iranian President Hassan Rouhani has called for. ... Full Story | Top |
| Rare bomb attack in Iraqi Kurdish capital kills six Sunday, Sep 29, 2013 03:25 PM PDT By Isabel Coles ARBIL, Iraq (Reuters) - Militants launched a coordinated suicide and car bomb attack on the headquarters of the security services in the capital of Iraq's usually peaceful Kurdistan region on Sunday, killing six people in the first major assault there since 2007. Kurdistan has largely managed to insulate itself from the violent instability that afflicts the rest of Iraq, where insurgent groups including the Sunni Islamist al Qaeda have been regaining momentum this year and striking on a near daily basis. ... Full Story | Top |
| Commercial cargo ship reaches International Space Station Sunday, Sep 29, 2013 02:21 PM PDT  By Irene Klotz (Reuters) - An unmanned U.S. commercial cargo ship flew to the International Space Station on Sunday, completing the primary goal of its test flight before supply runs begin in December. After a series of successful steering maneuvers, the Orbital Sciences Cygnus freighter parked about 39 feet from the station at 6:50 a.m. EDT/1050 GMT as the ships sailed 260 miles above the Southern Ocean south of Africa. ... Full Story | Top |
| NY-Connecticut commuter line sees half capacity Monday Sunday, Sep 29, 2013 02:05 PM PDT By Noreen O'Donnell (Reuters) - The Metro-North Railroad expects its New Haven line to return to half capacity by Monday after a power failure last week caused delays for tens of thousands of commuters into New York City, but it will take until October 8 to restore full commuter train service, officials said on Sunday. Customers still are being urged to avoid traveling during the busiest part of rush hour because capacity is "still far less than the normal service our customers expect," Metro-North said in a statement. ... Full Story | Top |
| Wall Street braces for volatility as shutdown seems likely Sunday, Sep 29, 2013 12:43 PM PDT  By Ryan Vlastelica NEW YORK (Reuters) - As a last-minute deal to resolve spending negotiations in Washington appeared less likely, U.S. stock investors braced for what had previously seemed remote: a shutdown of the U.S. government that could spark a major equity decline. The House of Representatives early on Sunday voted for an emergency spending bill that includes a delay of President Barack Obama's signature healthcare reform law despite veto threats from the White House. ... Full Story | Top |
| NZ PM Key sees lower asset sale proceeds, no Solid Energy sale Sunday, Sep 29, 2013 12:23 PM PDT WELLINGTON (Reuters) - New Zealand Prime Minister John Key said on Monday he expected proceeds from the sale of state-owned assets would be near the low-end of the expected range of NZ$5 billion-NZ$7 billion ($4.13 billion-$5.78 billion) due in part because the troubled coal miner Solid Energy would not be coming to the market. "Definitely it's going to be near the lower end than the higher end, but Solid Energy isn't going to come to the market," Key said on Television New Zealand, reiterating a similar forecast Finance Minister Bill English made last week. ... Full Story | Top |
| Russian court remands last of Greenpeace Arctic oil protesters Sunday, Sep 29, 2013 12:16 PM PDT  By Alexei Anishchuk MOSCOW (Reuters) - A Russian court has ordered eight remaining Greenpeace activists be held in custody for two months over a protest against Arctic offshore drilling, the environment advocacy group said on Sunday, dashing any hope some might be released quickly. Authorities detained all 30 members of the pressure group who were aboard icebreaker the Arctic Sunrise when they broke up attempts to scale state-run Gazprom's Prirazlomnaya offshore oil platform on September 18. ... Full Story | Top |
| Iran's foreign minister says nuclear enrichment is not negotiable Sunday, Sep 29, 2013 11:46 AM PDT  WASHINGTON (Reuters) - Iran's foreign minister said on Sunday the country's right to peaceful nuclear enrichment was not negotiable in talks with the United States but it does not need to enrich uranium to military-grade levels. Iranian Foreign Minister Mohammad Javad Zarif said Iran was willing to open its nuclear facilities to international inspections but the United States must end economic sanctions as part of any deal on Iran's nuclear program. ... Full Story | Top |
| China to offer tax breaks to solar power manufacturers Sunday, Sep 29, 2013 09:43 AM PDT SHANGHAI (Reuters) - China's Ministry of Finance announced it will offer tax breaks to manufacturers of solar power products on Sunday, as China moves to support an industry still struggling to deal with massive overcapacity and weak demand. The ministry said in a short statement on its website that producers of solar power products will receive immediate refunds of 50 percent of value-added taxes. The National Development and Reform Commission provided subsidies for solar power stations in late August. ... Full Story | Top |
| SpaceX Falcon 9 blasts off from California Sunday, Sep 29, 2013 09:07 AM PDT  By Irene Klotz VANDENBERG AIR FORCE BASE, California (Reuters) - An unmanned Falcon 9 rocket blasted off from California on Sunday to test upgrades needed for planned commercial launch services. The 22-story rocket, built and flown by Space Exploration Technologies, or SpaceX, soared off a newly refurbished, leased launch pad at Vandenberg Air Force Station at noon EDT/1600 GMT. The Falcon 9 blazed through clear blue skies out over the Pacific Ocean, aiming toward an orbit that flies over Earth's poles. ... Full Story | Top |
| Nigeria signs $1.3 billion power plant deal with China Sunday, Sep 29, 2013 07:55 AM PDT ABUJA (Reuters) - Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the finance ministry said on Sunday, part of efforts to end chronic electricity shortages that are a major brake on growth. Nigeria produces only a few hours of electricity a day, forcing those who can afford it to rely on expensive diesel generators that drain billions of dollars from Africa's second largest economy and discourage foreign investment. ... Full Story | Top |
| Amplats strikers in South Africa to rally on Monday Sunday, Sep 29, 2013 07:40 AM PDT  By Ed Stoddard JOHANNESBURG (Reuters) - Striking South African workers at mines operated by Anglo American Platinum kept the company guessing about whether they will call off the stoppage at a rally on Monday. Miners with the hardline Association of Mineworkers and Construction Union (AMCU) downed tools on Friday to protest plans by Amplats, the world's largest producer of the precious metal, to cut 3,300 jobs to restore profits. ... Full Story | Top |
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