Hormone in the blood sugar will reduce innovation

April 5, 2012 By Leave a Comment

Washington: The way to reduce the amount of sugar in the blood of American scientists have found hormone. Significantly increasing the number of diabetes patients around the world. The only drug currently varapiracatam is insulin. Various studies

have been conducted to find an alternative route. The University of Texas scientists, found in the blood glucose levels to reduce the hormone. The first phase of the successful test of this hormone in the rat. In an attempt to see it done by humans has been a team led by scientist Jonathan crop. If successful this experiment, the injection of insulin in the blood sugar or hormone replacement vakaiyilo This could substantially reduce, crop, said the scientist.

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Hyundai sees European car demand shrinking in H2

July 30, 2010 By Leave a Comment

July 29 (Reuters) – Hyundai Motor Co (005380.KS), South Korea’s top automaker, expects car demand in Europe to shrink in the second half as government incentives for new cars are phased out, an executive said on Thursday.

Hyundai executive vice president Lee Won-hee said the world’s No.5 car maker along with its affiliate Kia Motors Corp (000270.KS) saw sales growth in China slowing down slightly in the second half, although it would still be strong.

Hyundai expects to maintain strong growth with new models and is likely to exceed its business targets, Lee told investors. (Reporting by Cheon Jong-woo; Editing by Jonathan Hopfner)

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UPDATE 1-Gas Natural cautious on 2014 outlook after H1

July 28, 2010 By Leave a Comment

MADRID, July 27 (Reuters) – Spanish power utility Gas Natural (GAS.MC) issued a cautious strategic outlook to 2010-2014 on Tuesday and plans to focus on cutting debt, after first-half results missed forecasts.

The company expects EBITDA growth to slow to 2012 from the double-digit first-half rise and wants to cut its debt to 15-16 billion euros in 2012 from 18.2 billion euros at the end of the first half.

Gas Natural said it would attempt to extract further value from its Fenosa unit, acquired in 2008, to fuel net profit to 1.5 billion euros in 2012 and about 2 billion in 2014, compared with 1.1 billion euros in 2009.

In Gas Natural’s first strategic plan since the company acquired Fenosa in 2008, the company said it had already achieved 98 percent of the 550 million euros of savings it targeted with Fenosa.

Gas Natural posted a 48 percent surge in first-half earnings before interest, taxes, depreciations and amortizations to 2.381 million euros, boosted by the full consolidation of Fenosa in April 2009, although this missed estimates by analysts for 2.40 billion euros.

Net profit rose 37 percent to 853 million euros, supported by the sale of gas generation and distribution assets but also missed forecasts for 917 million euros from a Reuters poll of seven analysts.

Strong electricity generation and Latin American activities offset weakness at Gas Natural’s gas and deregulated business to contribute to modest 3.8 percent pro-forma growth in first half EBITDA, which factors in the Fenosa acquisition.

(Reporting by Jonathan Gleave; editing by Simon Jessop)

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Chinatrust: Still interested in AIG Taiwan unit talks

July 23, 2010 By Leave a Comment

July 22 (Reuters) – Chinatrust Financial (2891.TW), Taiwan’s top credit card issuer, would be happy to talk to AIG (AIG.N) about its Taiwan life insurance unit if the U.S. firm is unable to seal an existing deal to sell the unit.

“We are still interested in Nan Shan. If AIG is willing to talk to us before the bid deadline, we would be happy to take them up,” Chinatrust President Daniel Wu told reporters on Thursday.

Chinatrust had originally bid for Nan Shan last year, when AIG put the unit up for sale as it retrenched following its bailout.

It lost out to a consortium of diversified battery maker China Strategic (0235.HK) and Hong Kong investment fund Primus, but they have been unable to seal the $2.2 billion deal because of political concerns in Taiwan. The deadline for the deal is Oct 12. (Reporting by Rachel Lee; Editing by Jonathan Standing)

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Seoul shares slip 0.8 pct as techs lose ground

July 23, 2010 By Leave a Comment

July 22 (Reuters) – Seoul shares fell on Thursday as blue chip technology stocks such as Samsung Electronics (005930.KS) slid amid mounting concerns a slowing global recovery may lead to a slump in sales.

The Korea Composite Stock Price Index (KOSPI) closed down 0.76 percent at 1,735.53 points.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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Seoul shares rise on earnings hope;Hyundai Motor up

July 21, 2010 By Leave a Comment

July 20 (Reuters) – Seoul shares rose 0.3 percent Tuesday on expectations that major exporters such as Hyundai Motor (005380.KS) would report robust earnings.

The Korea Composite Stock Price Index (KOSPI) gained 0.28 percent to 1,736.77 points.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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Bangladesh supreme court lifts ban on newspaper

July 19, 2010 By Leave a Comment

July 18 (Reuters) – Bangladesh’s Supreme Court on Sunday lifted a government ban on the publication of a pro-opposition newspaper, but the daily’s editor remained in police custody.

Authorities last month banned the Amar Desh newspaper, considered a mouthpiece of the main opposition Bangladesh Nationalist Party (BNP), and detained its editor Mahmudur Rahman.

“A full bench led by Chief Justice Mohammed Fazlul Karim in a ruling scrapped the ban,” a registrar of the Supreme Court told reporters.

The publication was banned following a complaint by a businessman who had accused its editor of cheating him by continuing to list him as a publisher even though he resigned from that post in December 2008.

Rahman, a former energy adviser to the BNP government between 2001-06, was charged with graft and was denied bail by a lower court.

The BNP accused the government of halting publication after the daily ran articles critical of the government and the prime minister.

(Reporting by Nizam Ahmed, editing by Jonathan Thatcher))

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Deutsche Bank names head of Asia corporate finance

July 19, 2010 By Leave a Comment

July 18 (Reuters) – Deutsche Bank (DBKGn.DE) said on Sunday it had appointed Henry Cai as its head of corporate finance Asia and the head of corporate and investment banking China.

Cai had resigned as UBS’s chairman of Asia investment banking and head of investment banking for China earlier this month.

Since then speculation has been rife that Cai was headed to Deutsche Bank.

(Reporting by Denny Thomas; Editing by Jonathan Thatcher)

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Indonesia’s BII to issue over 2 trln rph in bonds

July 19, 2010 By Leave a Comment

July 18 (Reuters) – PT Bank International Indonesia (BNII.JK) and its automobile financing unit PT WOM Finance (WOMF.JK) aim to raise over 2 trillion rupiah ($221.4 million) through domestic bonds issues this year to fund their expansion plans.

Malaysia’s Malayan Banking Bhd (Maybank) (MBBM.KL) owns a majority stake in BII.

The mid-sized bank aims to raise more than 1 trillion rupiah of bonds, Stephen Liestyo, a BII director told Reuters on Sunday. He said the timing was still being decided.

The bank’s financing unit would use a bond issue of 1 trillion rupiah to increase its loans for vehicle purchases, he added.

“The bonds will strengthen our capability to expand our loan growth by up to 20 percent this year,” Liestyo said.

($1= 9,032 Rupiah)

(Reporting by Fathiya Dahrul, editing by Jonathan Thatcher)

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China coal mine accident kills 28; owner detained

July 19, 2010 By Leave a Comment

July 18 (Reuters) – Police detained the owner of a coal mine in China’s northwestern Shaanxi province where a fire killed 28 miners, Xinhua news agency reported on Sunday.

All the miners in the shaft died when an underground cable caught fire on Saturday night at the Xiaonangou coal mine in Hancheng City, the report said, citing the general office of the Shaanxi provincial government.

The report gave no other details.

Thousands of people are killed in China’s mines every year despite government pledges to shut or consolidate many small or unsafe operations.

(Reporting by Ken Wills, editing by Jonathan Thatcher))

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Big China steel firms won’t switch to spot market-Baosteel

July 16, 2010 By Leave a Comment

July 15 (Reuters) – China’s top steel maker Baosteel Group said on Thursday that big Chinese steel makers would not switch to spot markets for iron ore even if prices were cheaper.

Chairman Xu Lejiang also told reporters that China had yet to reach agreement with three global miners on the quarterly pricing mechanism on ore, and that current imports were still based on interim pricing.

(Reporting by David Stanway; Editing by Jonathan Hopfner)

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Seoul shares post 25-mth closing high on techs

July 15, 2010 By Leave a Comment

July 14 (Reuters) – Seoul shares posted an over two-year closing high on Wednesday as technology issues such as Samsung Electronics (005930.KS) soared on Intel’s positive earnings, but POSCO (005490.KS) retreated on outlook worries.

Foreign investors were buyers of a net 905 billion won ($746.4 million) worth of stocks, their biggest daily purchase since mid-September 2009.

The Korea Composite Stock Price Index (KOSPI) finished up 1.32 percent at 1,758.01 points, its highest close since mid-June 2008.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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S.Korea POSCO says agrees on Q3 iron ore price hikes

July 14, 2010 By Leave a Comment

July 13 (Reuters) – South Korea’s POSCO (005490.KS), the world’s No.3 steelmaker, said on Tuesday it had agreed on a 26 percent quarterly rise in iron ore prices for the third quarter with three major miners.

For the current quarter, the steelmaker also agreed to hard coking coal imports at $225 per tonne, soft coking coal at $172 per tonne, and pulverised coal injection (PCI) at $180 per tonne, a statement from the company said.

(Reporting by Cho Mee-young; Editing by Jonathan Hopfner)

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Seoul shares cut gains; Hynix, Ssangyong decline

July 14, 2010 By Leave a Comment

Institutions sold a net 86 billion won worth of shares and
retail investors offloaded a net 317.2 billion won worth.

Decliners outnumbered advancers 391 to 389 and 97 issues
ended flat.

Trading volume stood at 406.6 million shares worth 5.5
trillion won, compared with 340 million shares worth 4.6 trillion
won in the previous session.

The KOSPI 200 Sept futures index KSc1 ended up 0.15 points
at 226.45, and the KOSPI 200 spot index .KS200 gained 0.28
points to 226.14.

The junior Kosdaq market .KQ11 ended 0.22 percent higher at
497.79.

Move on day +0.06 percent

12-month high 1,757.76 26 APRIL 2010

12-month low 1,377.60 14 JULY 2009

Change on yr +3.11 percent

All-time high 2,085.45 1 NOV 2007

All-time low 93.10 6 JAN 1981
(Editing by Jonathan Hopfner)

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Seoul shares slash gains on tech, auto losses

July 14, 2010 By Leave a Comment

July 13 (Reuters) – Seoul’s stock market trimmed earlier gains to close up 0.06 percent as losses in tech and auto issues such as Hynix (000660.KS) and Ssangyong Motor (003620.KS) weighed, but continued foreign buying helped.

The Korea Composite Stock Price Index (KOSPI) finished up 1.03 points at 1,735.08.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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S.Korea KOGAS says June LNG sales up 33 pct y/y

July 14, 2010 By Leave a Comment

July 13 (Reuters) – South Korea’s state-owned Korea Gas Corp (KOGAS) (036460.KS) said on Tuesday it sold 1.77 million tonnes of liquefied natural gas (LNG) in June, up 33 percent from a year earlier.

Of the total, 818,856 tonnes were for household and business consumption, while the remainder went to power generation, KOGAS, the world’s biggest corporate buyer of LNG and South Korea’s sole wholesaler, said in a filing to the stock exchange.

(Reporting by Cho Mee-young; Editing by Jonathan Hopfner)

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REFILE-Santander to buy SEB’s commercial banking unit

July 13, 2010 By Leave a Comment

(Corrects Reuters Instrument Code to (SAN.MC) from SAN.MV)

MADRID July 12 (Reuters) – Spain’s largest bank Santander (SAN.MC) said on Monday it has agreed to buy the commercial banking unit of SEB (SEBa.ST) for 555 million euros ($699.1 million). (Reporting by Paul Day; writing by Jonathan Gleave,)

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Seoul shares rise as investors welcome rate hike

July 10, 2010 By Leave a Comment

Foreign investors were buyers of a net 314.5 billion won
($260.3 million) worth of stocks.

Institutions bought a net 118 billion won worth of shares and
retail investors sold a net 484 billion won worth.

Advancers outnumbered decliners 461 to 316 and 91 issues
ended flat.

Trading volume stood at 464 million shares worth 5.5 trillion
won, compared with 324.8 million shares worth 5 trillion won in
the previous session.

The KOSPI 200 Sept futures index KSc1 ended up 3.50 points
at 225.30, and the KOSPI 200 spot index .KS200 gained 3.66
points to 224.44.

The junior Kosdaq market .KQ11 ended 0.65 percent higher at
492.15.

Move on day +1.43 percent

12-month high 1,757.76 26 APRIL 2010

12-month low 1,377.60 14 JULY 2009

Change on yr -2.4 percent

All-time high 2,085.45 1 NOV 2007

All-time low 93.10 6 JAN 1981
(Editing by Jonathan Hopfner)

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Seoul shares rise as investors welcome rate hike

July 10, 2010 By Leave a Comment

July 9 (Reuters) – Seoul shares rose on Friday as investors welcomed the central bank’s surprise rate hike decision as a sign the economy was making a firm recovery, sending exporters and financials including Hana Financial (086790.KS) higher.

The Korea Composite Stock Price Index (KOSPI) finished up 1.43 percent at 1,723.01 points, just 2 percent away from its earlier 2010 high of 1,757.76 points.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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China says big external surplus not sustainable

July 10, 2010 By Leave a Comment

July 9 (Reuters) – China’s big balance-of-payments surplus is not sustainable, the State Administration of Foreign Exchange said on Friday.

In the last of a series of questions and answers posted on its website, www.safe.gov.cn, the currency regulator said most of the capital inflows into China were legitimate but it would maintain its monitoring vigilance.

SAFE said China’s foreign exchange policy would continue to be geared towards supporting outbound investment. (Reporting by Zhou Xin and Alan Wheatley; Editing by Jonathan Hopfner)

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