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Obama to seek double funding for clean energy R&D by 2020

WASHINGTON— President Barack Obama said Saturday that he'll ask Congress to double spending on research and development into clean energy by 2020. Republican lawmakers who rule Congress scoff at the science behind climate change and dismiss Obama's pleas for the issue to be dealt with urgently. In an unusual twist in Obama's final year in office, the GOP...
Source: The Associated Press | By: By DARLENE SUPERVILLE, Associated Press
China says EU should take steel dumping claims to WTO

BEIJING, Feb 6- China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization, responding to reports that the European Commission was preparing to impose duties on imported Chinese steel. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on...
Source: Reuters
RPT-CORRECTED-China not going back to "old road" of capital controls -fx regulator

BEIJING, Feb 5- China will continue to crack down on illegal foreign exchange activities but won't revert back to the "old road" of capital controls, the country's top foreign exchange regulator said. The remarks were made by Pan Gongsheng, head of the State Administration of Foreign Exchange, during separate meetings with Andrew Rashbass, CEO of Euromoney...
Source: Reuters
UPDATE 1-China central bank to fine tune policy, keep yuan stable -Q4 monetary report

BEIJING, Feb 6- China will fine tune monetary policy and keep the yuan basically stable while guarding against systemic financial risks, the country's central bank said on Saturday in its fourth-quarter monetary policy report. China will also maintain an appropriate level of liquidity and achieve reasonable growth of money and credit, the People's Bank of...
Source: Reuters
HNA Tourism Named Best Tourism Investment Group at 2016 World Tourism Forum

ISTANBUL, Feb. 6, 2016/ PRNewswire/-- The 2016 World Tourism Forum Global Meeting and Awards Ceremony is being held at the International Convention and Exhibition Center in Istanbul, Turkey from February 4-6, 2016. HNA Tourism Group is the first Chinese group to be invited to attend the World Tourism Forum Global Meeting and in its first appearance has been...
Source: PR Newswire
UPDATE 10-Taiwan quake kills at least seven, fells apartment block

*Magnitude 6.4 quake hits southern Taiwan. TAINAN, Taiwan, Feb 6- A powerful earthquake struck Taiwan on Saturday killing at least seven people, most in a 17- storey apartment building that collapsed, with about 35 people still feared trapped there hours into a rescue operation. As a search for survivors in the rubble went on, questions were being raised about the...
Source: Reuters | By: Faith Hung and Pichi Chuang
China's central bank to maintain prudent monetary policy -Q4 Monetary Report

BEIJING, Feb 6- China's central bank reiterated that it will maintain a prudent monetary policy and guard against systemic financial risks in its fourth-quarter monetary policy report published on Saturday.
Source: Reuters
ChipMOS ISSUES COMMENT ON SATURDAY EARTHQUAKE; ONLY VERY MINOR IMPACT

HSINCHU, Taiwan, Feb. 6, 2016/ PRNewswire-FirstCall/-- ChipMOS TECHNOLOGIES LTD., an industry leading provider of outsourced semiconductor assembly and test services, today confirmed that none of its employees were harmed by an earthquake that occurred at 3:57 AM local time Saturday in Southern Taiwan. ChipMOS TECHNOLOGIES LTD. is an industry leading provider...
Source: PR Newswire
MSCI welcomes easing of China investor controls, raises liquidity concerns

HONG KONG, Feb 6- Index provider MSCI Inc said on Friday it welcomed China's move to liberalise a major cross-border investment scheme, but that the country's handling of a summer stock sell-off raised concern over the liquidity of its markets. The announcement was the first formal update from the New York- headquartered firm after it said in June it would not...
Source: Reuters | By: Michelle Price
UPDATE 7-Quake fells Taiwan apartment building, at least two dead

*Magnitude 6.4 quake hits southern Taiwan. *Taiwan president rushes to the scene. TAINAN, Taiwan, Feb 6- A powerful earthquake toppled a 17- story apartment building in southern Taiwan on Saturday, killing at least two people, including a 10- day-old girl, and triggering frantic efforts to rescue dozens of people feared trapped inside.
Source: Reuters | By: Yimou Lee and Pichi Chuang