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| Egypt to look beyond U.S. for arms: foreign minister Saturday, Nov 02, 2013 05:46 PM PDT  By Samia Nakhoul and Michael Georgy CAIRO (Reuters) - Egypt's Foreign Minister Nabil Fahmy said on Saturday that Egypt would look beyond the United States to meet its security needs and warned Washington that it could no longer ignore popular demands in a changed Arab world. Speaking ahead of a visit by U.S. Secretary of State John Kerry, Fahmy said the United States must take a long-term view of its relations with Egypt and understand that in the wake of the Arab Spring, "it would have to deal now with the Arab peoples, not only with Arab governments". Emphasizing the "turbulent" state of Washington's ties with its longtime Arab ally after U.S. military aid curbs in response to the army's overthrow in July of President Mohamed Mursi of the Muslim Brotherhood, Fahmy said Egypt would have to develop "multiple choices, multiple options" to chart its way forward - including military relationships. Full Story | Top |
| Tropical Depression churns toward Mexico's Pacific coast Saturday, Nov 02, 2013 03:22 PM PDT A tropical depression took aim at the Pacific coast of Mexico on Saturday, threatening heavy rains in a broad swath of western Mexico near the same area where other storms have caused major flooding over the past couple of months. Tropical depression Eighteen-E was churning over the Pacific Ocean 360 miles south of the resort city of Los Cabos at the southern tip of the Baja California peninsula and could become a tropical storm by Saturday night or Sunday, the Miami-based U.S. National Hurricane Center said. If the system becomes a tropical storm - with sustained winds of at least 39 mph - it will be called Sonia. Full Story | Top |
| Bristol seeks Japan approval of all-oral hepatitis C treatment Saturday, Nov 02, 2013 06:38 AM PDT Bristol-Myers Squibb Co has filed with Japanese health regulators seeking approval of its experimental all-oral combination of hepatitis C treatments, the U.S. drugmaker said on Saturday. The submission with Japan's Pharmaceutical and Medical Devices Agency marks the first time that any drugmaker has filed for approval of a hepatitis C treatment regimen that does not include either of the standard older treatments - the injected, difficult-to-tolerate interferon, or ribavirin, a pill. Gilead Sciences Inc, widely seen as the leader in a crowded race to develop highly effective, interferon-free treatments for the serious liver disease, has sought U.S. approval of its highly regarded anti-viral drug sofosbuvir in combination with ribavirin. A Food and Drug Administration advisory panel last week voted unanimously to recommend its approval. Full Story | Top |
| High cure rates seen with Merck oral hepatitis drugs: study Saturday, Nov 02, 2013 06:37 AM PDT A combination of two oral hepatitis C treatments developed by Merck & Co led to high cure rates in previously untreated patients, indicating the company is a contender in the race to find new treatments for the liver destroying virus. The treatments tested with and without the older drug ribavirin led to cure rates of 96 percent to 100 percent, according to interim data from a small midstage clinical trial. The results appear to confirm Merck will be competitive in the crowded race to develop interferon-free treatments for hepatitis C, assuming they are repeated in larger studies that include more difficult to treat patient populations, such as those not helped by prior therapy. Full Story | Top |
| Rousseff gives go-ahead to Brazil fuel price formula, Estado says Saturday, Nov 02, 2013 06:25 AM PDT  Brazilian President Dilma Rousseff will allow state-run oil company Petróleo Brasileiro SA to increase domestic fuel prices "two or three times" a year through the use of a formula without triggering significant consumer price gains, newspaper O Estado de S. Paulo said on Saturday. According to Estado, which cited an unidentified presidential aide as the source for the information, Rousseff's endorsement of the plan aims to ensure that the company, commonly known as Petrobras, has a predictable business plan for the years ahead. Petrobras said this week that its new policy to set domestic diesel and gasoline prices will automatically trigger adjustments based on international prices, exchange rates and other factors. The methodology will not allow full pass-through of volatility of international oil prices, Petrobras said. Full Story | Top |
| Central Africa's central bank cuts rate as growth slows Saturday, Nov 02, 2013 03:48 AM PDT YAOUNDE (Reuters) - The central bank of the six-nation Central African CEMAC zone has cut its prime lending rate by 25 basis points to 3.25 percent to help spur the economy as it revised down its 2013 growth forecast to 2.6 percent from 4.1 percent. The bank's governor, Lucas Abaga Nchama, said in a statement late on Friday that the slow down in economic activity was due to a decline in public investments and oil production. The CEMAC zone is made up of Cameroon, Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon. ... Full Story | Top |
| India asks IBM to pay $866 million in outstanding tax: reports Saturday, Nov 02, 2013 03:21 AM PDT  Indian tax authorities have asked IBM's Indian unit to pay 53.57 billion rupees ($866.20 million) in outstanding income tax on fiscal 2009 revenue, media reported on Saturday. In an emailed statement, an IBM India spokeswoman confirmed the company had received a tax notice, but declined to comment on the amount of tax liability or the nature of the notice. India's Income Tax office issued the company a notice for under-reporting revenue for fiscal 2009 by the Indian unit, the Business Standard newspaper said, citing a tax official. "IBM does not agree with the tax department's claims and will aggressively defend itself through the appropriate judicial process," the IBM India spokeswoman said. Full Story | Top |
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