Daily News: Reuters Science News Headlines - Insight: China turf war over yuan reform rattles foreign firms

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Sunday, Aug 04, 2013 04:13 PM PDT
Today's Reuters Science News Headlines - Yahoo! News: Insight: China turf war over yuan reform rattles foreign firms Asia's exports stutter, missing out on U.S. revival Police in California arrest over 200 at Chevron refinery protest Kuwait forms new Cabinet, includes six royals Kirobo the talking robot blasts into space on historic mission Australian PM calls September 7 poll against resurgent conservatives Yemen's main pipeline attacked, crude flow stops again

Insight: China turf war over yuan reform rattles foreign firms  Sunday, Aug 04, 2013 04:13 PM PDT By Pete Sweeney SHANGHAI (Reuters) - Multinational companies in China say they are being forced to pick sides in a turf war between two major financial regulators fighting over which agency will drive currency and capital account liberalization. The conflict between the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) risks undermining confidence in the country's commitment to pulling down barriers that will finally open up the economy, analysts say. ... Full Story	Top
Asia's exports stutter, missing out on U.S. revival  Sunday, Aug 04, 2013 02:18 PM PDT By Wayne Arnold and Choonsik Yoo HONG KONG (Reuters) - The U.S. economy may have stopped sneezing, but Asia's exports are still laid up with a nasty cold. Growth in exports from seven of East Asia's biggest exporters - Japan, China, South Korea, Taiwan, Thailand, Hong Kong and Singapore - slowed to a halt in the second quarter, according to national trade data compiled by Reuters, led by a 9 percent drop in exports to the European Union compared to a year earlier. ... Full Story	Top
Police in California arrest over 200 at Chevron refinery protest  Sunday, Aug 04, 2013 09:25 AM PDT By Ronnie Cohen RICHMOND, California (Reuters) - Police arrested more than 200 demonstrators for trespassing at Chevron Corp in the California city of Richmond on Saturday to mark the one-year anniversary of a massive refinery fire and to protest a proposed Keystone XL tar sands pipeline. The arrests came as a throng of sunflower-carrying picketers chanted, "Hey hey, ho ho, fossil fuels have got to go," as people of all ages walked onto Chevron's property to draw attention to a growing movement against fossil fuel. ... Full Story	Top
Kuwait forms new Cabinet, includes six royals  Sunday, Aug 04, 2013 07:00 AM PDT ABU DHABI (Reuters) - A veteran former central bank governor was appointed Kuwait's finance minister on Sunday, state news agency KUNA said, after a parliamentary election in the major crude producer last month. A reshuffled cabinet unveiled by the news agency also included a new oil minister, Mustapha al-Shamali, who was finance minister in the outgoing cabinet. Oil policy in the OPEC member state is set by a Supreme Oil Council, so ministerial changes in that portfoilio are less important than in other countries. The finance ministry will now be headed by Sheikh Salem Abdulaziz al-Sabah. ... Full Story	Top
Kirobo the talking robot blasts into space on historic mission  Sunday, Aug 04, 2013 02:47 AM PDT (Reuters) - Kirobo, a knee-high talking robot with red boots and a black and white body, has blasted off from Japan for the International Space Station to test how machines can help astronauts with their work. The Japanese-speaking robot, equipped with voice- and facial-recognition technology, was packed into an unmanned cargo vessel along with tons of supplies and equipment for the crew of the orbital research base. ... Full Story	Top
Australian PM calls September 7 poll against resurgent conservatives  Sunday, Aug 04, 2013 12:58 AM PDT By James Grubel CANBERRA (Reuters) - Australian Prime Minister Kevin Rudd called a September 7 general election on Sunday, barely six weeks after he toppled former leader Julia Gillard in a party-room vote, ending a turbulent three years in power for the minority Labor government. Rudd, who was dumped by his center-left party in June 2010, has generated a spike in public support since he returned but conservative opposition leader Tony Abbott is still favorite to win power. Rudd's Labor government could fall with the loss of just one of the 150 seats in parliament. ... Full Story	Top
Yemen's main pipeline attacked, crude flow stops again  Saturday, Aug 03, 2013 11:34 PM PDT SANAA (Reuters) - Tribesmen blew up Yemen's main oil export pipeline late on Saturday, halting the flow of crude, the state news agency reported on Sunday. The pipeline started pumping crude oil again last week after repairs that took several days, following a similar attack by tribesmen. Earlier this year, the pipeline was pumping around 125,000 barrels per day. Yemen, which relies on crude exports to bolster foreign currency reserves and finance up to 70 percent of government spending, has seen frequent bombings of the key pipeline in central Maarib province since early 2011. ... Full Story	Top

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