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  • NEW DELHI, Feb 6- India's Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses. Jet, India's second largest carrier by market share, said net profit in the October-December period rose to 4.67 billion...

  • WASHINGTON— President Barack Obama said Saturday that he will ask the Republican-led Congress to double spending on research and development into clean energy by 2020. GOP lawmakers scoff at the science behind climate change and dismiss Obama's pleas for the issue to be dealt with urgently. Obama on Tuesday plans to send to Congress the spending blueprint...

  • 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...

  • TOKYO, Feb 6- North Korea has brought forward a time frame for the launch of a rocket that it says will carry an earth observation satellite, to begin on Sunday, the Japanese and South Korean governments said on Saturday. North Korea had earlier told the International Maritime Organisation it would launch the rocket some time between Feb. 8 and Feb. 25.

  • 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...

  • 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...

  • TAIPEI, Feb 6- Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd said silicon wafers were damaged at a plant in southern Taiwan where a quake hit early on Saturday, affecting no more than 1 percent of first-quarter shipments. TSMC, whose customers also include Qualcomm Inc, is so far the only major Apple supplier in southern Taiwan to report damage...

  • *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...

  • 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.

  • 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...

  • TAIPEI, Feb 6- Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd said some silicon wafers were damaged at a plant in southern Taiwan where an earthquake hit early on Saturday, but that first-quarter shipments would be unaffected. The world's largest contract chipmaker has production facilities in Tainan city, around 315 km south of the capital...

  • *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.

  • SEATTLE, Feb 5- Washington state lawmakers voted down a bill on Friday that would have forced Boeing to keep a minimum number of jobs in the state in exchange for receiving billions of dollars in tax breaks. The bill would have linked the tax breaks to Boeing's employment of at least 83,295 people in Washington, the number when the breaks were granted.

  • Feb 5- Greek-yogurt maker Chobani LLC, founded by billionaire Hamdi Ulukaya, said on Friday it had rejected offers from beverage giant PepsiCo Inc and other investors. Chobani worked with Goldman Sachs Group Inc to explore the sale after being approached by several parties in 2015.. The decision to reject the offer was due in part to the terms, Chobani said in an...

  • TAIPEI, Feb 6- Taiwan Semiconductor Manufacturing Co said some wafers made in Tainan have been damaged following Saturday's earthquake and that some customers may be affected.

  • The change in the Pentagon's plan for the $391 billion weapons program defers orders for 45 Air Force jets, compared with last year's plan, while accelerating orders for the Navy and Marine Corps models of the aircraft, the sources said. It calls for the Navy and Marine Corps to buy 64 F-35C jets, which can take off and land on aircraft carriers, over the next five...

  • NEW YORK/ BUENOS AIRES, Feb 5- Argentina offered a $6.5 billion cash payment to creditors who hold its defaulted bonds on Friday, seeking to end a festering legal battle that transformed the country into a financial markets pariah. The turning point in the decade-long legal fight stemming from Argentina's record default on around $100 billion in 2002 comes less...

  • Herbert Sudfeld, 64, was convicted on charges of securities fraud and making a false statement by a federal jury in Philadelphia following a four-day trial, prosecutors said. The Doylestown, Pennsylvania- resident faces a maximum sentence of 25 years in prison, according to the U.S. Attorney's Office in Philadelphia. Sudfeld was indicted in July on charges that...

  • Dennis Hamilton, a former vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission brought a related civil action over the non-public information that...

  • TORONTO, Feb 5- BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed.