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  • Yet deep-seated fears that genetically modified organisms pose risks to public health mean cultivation of these crops remains restricted in several key regions, including major farming power houses China and India. Corn yields in Brazil, where GMOs are widely planted, have risen 60 percent in the past decade, versus a growth of only 11 percent and 20 percent in...

  • TOKYO, Feb 16- The shake-up in Japan's refining industry, where four of the five biggest refiners are pursuing mergers, will result in the biggest contraction of capacity by a single country and reshape international markets, a Reuters analysis shows. Japan, the world's third-biggest economy, is likely to be left with about 3.2 million barrels per day of refining...

  • *Engine maker opens new facility in Singapore. SINGAPORE, Feb 16- Pratt& Whitney's new chief says the performance of suppliers is much better than year ago, easing concerns over its ability to execute a $10 billion gamble on a new engine as it seeks to reclaim a once revered status in the jet industry. Speaking after opening a high-tech fan-blade plant in Singapore,...

  • *Tumbling commodity prices hit Indonesia hard. CILEGON, Indonesia, Feb 16- At a factory surrounded by towering steel mills on the west side of Indonesia's Java island, German engineering giant Siemens is ramping up production of steam condensers, turbines and other specialist parts to fit out power stations across the world. The plant, a small repair shop 30 years...

  • *Japan may be down to 2.3 million bpd of refining by 2030. TOKYO, Feb 16- Japan, which once consumed about 10 percent of global oil output in its refineries, is undertaking the biggest refining contraction of any country, ending a dominant era in oil markets while exposing itself to fuel imports from neighbors. Japan may have to rely on fuel imports from China and South...

  • MELBOURNE/ VANCOUVER, Feb 16- New technology is helping miners cut costs to survive the worst downturn in commodity prices in nearly two decades, which is good news for companies that might otherwise have gone to the wall, not so good for an industry drowning in overcapacity. Commodity prices from coal to zinc are down in some case as much as 80 percent from record...

  • *India seeks to import GMO-free corn for first time in 16 years. *South Korea's Daewoo International wins tender. South Korea's Daewoo International won the tender to ship 250,000 tonnes of non-GM corn to India from Ukraine, but two international traders in Singapore and an exporter in Kiev said Ukraine could at best guarantee 99.1 percent non-GM corn.

  • RANCHO MIRAGE, Calif./ WASHINGTON, Feb 15- The White House on Monday said President Barack Obama had started preliminary discussions with his team about naming a Supreme Court justice nominee and accused Republicans of "bluster" for saying they would not confirm his pick. White House spokesman Eric Schultz told reporters that administration officials had been...

  • SYDNEY, Feb 16- Australian ports and rail giant Asciano Ltd formally dumped an A $8.9 billion buyout from Canada's Brookfield Asset Management Inc after it failed to match a higher offer from local rival Qube Holdings Ltd.. In a statement on Tuesday, Asciano said that after giving the Canadian infrastructure investor five days to match a A $9 billion rival...

  • Saudi Arabia's oil minister Ali al-Naimi and his Russian counterpart Alexander Novak will meet in the Qatari capital Doha, where they will be joined by ministers from OPEC members Qatar and Venezuela. The meeting revives memories of a 2001 encounter between OPEC and non- OPEC producers when OPEC heavyweight Saudi Arabia pushed through a global deal to curb...

  • Feb 15- Biopharmaceutical company Amgen Inc said on Monday its Aranesp drug met its primary goal of reducing the incidence of red blood cell transfusions in anemic patients suffering from Myelodysplastic Syndromes in a phase 3 trial. Amgen last year reached a $71 million settlement with 48 U.S. states and the District of Columbia to resolve claims that it...

  • RANCHO MIRAGE, Calif./ WASHINGTON, Feb 15- The White House on Monday said President Barack Obama had started preliminary discussions with his team about naming a Supreme Court justice nominee and accused Republicans of "bluster" for saying they would not confirm his pick. White House spokesman Eric Schultz told reporters that Obama would seek a nominee who...

  • *BOJ to implement Jan. 29 decision on negative rates. TOKYO, Feb 16- The Bank of Japan implements negative interest rates on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo's lack of options to spur growth as global markets sputter. "It's getting clearer that Abenomics is a paper tiger," said Seiya Nakajima, chief economist...

  • FRANKFURT, Feb 15- Deutsche Bank employees alleged to have evaded tax when buying and selling carbon emission certificates had concerns over whether their trading activity was legal but carried on anyway to maximize profits, a Frankfurt court heard on Monday. A Frankfurt prosecutor said on the first day of the trial that between August 2009 and March- April...

  • SAO PAULO, Feb 15- Net income at Banco Safra SA, a non-listed Brazilian bank owned by billionaire financier Joseph Safra, rose 6.9 percent last year, half the increase posted in the prior year, as defaults doubled and loan-loss provision expenses jumped. The bank did not disclose data on interest and fee income, although it said non-interest expenses rose 11.7...

  • The secret talks between Saudi Arabia's oil minister Ali al-Naimi and his Russian counterpart Alexander Novak will take place in the Qatari capital of Doha and the two men will be joined by ministers from OPEC members Qatar and Venezuela. Such talks have revived memories of the 2001 deal between OPEC and non- OPEC producers when OPEC heavyweight Saudi Arabia...

  • *Saudi, Russia, Venezuela, Qatar oil ministers to meet on Tuesday- sources. *Consensus growing within OPEC to counter price fall- Nigeria. LONDON, Feb 15- Oil prices rose nearly 2 percent on Monday on news that ministers from Saudi Arabia, Russia, Qatar and Venezuela would hold a previously unpublicised meeting in Doha this week, adding to speculation of a global output...

  • BRUSSELS, Feb 15- Panic rather than love may keep Britain in the European Union when voters cast their ballots in a referendum, probably in June, on whether to stay in the 28- nation bloc under Prime Minister David Cameron's "new settlement." That was how the British political establishment managed by the skin of its teeth to hold the United Kingdom together in 2014,...

  • The meeting is the latest sign of renewed efforts by OPEC members to try to tackle- possibly together with non- OPEC producers- one of the worst oil gluts in history, which has pushed oil prices to the lowest in more than a decade.

  • The meeting was the latest sign of renewed efforts by OPEC members to try to tackle- possibly together with non- OPEC producers- one of the worst oil gluts in history, which has pushed oil prices to the lowest in more than a decade.