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UPDATE 2-Australia's Santos rejects $5.1 bln sovereign wealth-backed bid

* Santos shares jump 20 pct, but well below offer (Adds investor, Scepter comment)

Apple to build more solar projects in China, green its suppliers

WASHINGTON/SAN FRANCISCO, Oct 21 (Reuters) - Apple announced Wednesday it will build 200 megawatts of solar energy projects in China and work with local suppliers to source more renewable energy, its latest moves to green its Chinese supply chain amid criticism that its local partners are heavy polluters.

CORRECTED-Cuba says to drill for oil in deep water despite low prices

CAMARIOCA, Cuba, Oct 21 (Reuters) - Cuba plans to drill exploratory deepwater wells in the Gulf of Mexico by the end of 2016 or beginning of 2017 despite current low oil prices, officials from the state oil monopoly said.

UPDATE 1-Australia's Santos rejects $5.1 bln sovereign wealth-backed bid

* Scepter backed by Brunei, UAE royal families (Adds Santos comments, Scepter detail)

Firms question how carbon levy will fund California rail project

SAN FRANCISCO, Oct 21 (Reuters) - Private firms looking to build California's $68 billion high-speed train system have concerns about the state's ability to finance some of the project's cost through an untested 'cap-and-trade' carbon trading levy.

UPDATE 2-Kinder Morgan raises dividend, but sees slower growth

Oct 21 (Reuters) - Kinder Morgan Inc on Wednesday increased its quarterly dividend but said the payout would grow a bit slower next year as the U.S.

Xi says China is committed to developing capital markets

LONDON, Oct 21 (Reuters) - Chinese President Xi Jinping said on Wednesday that he was committed to developing capital markets and improving the balance of China's economy.

RPT-Australia to tighten grip on coking coal as U.S. rivals suffer

MELBOURNE, Oct 22 (Reuters) - Australia is set to boost its dominance of the global trade in steel-making coal, as cost cutting and better margins due to a slide in the local dollar stoke a rise in production and put pressure on U.S. rivals to cut output.

Kinder Morgan raises dividend

Oct 21 (Reuters) - U.S. pipeline company Kinder Morgan Inc increased its quarterly dividend on Wednesday, to meet its full-year dividend target of $2 per share.

CORRECTED-UPDATE 1-Xi says China has reduced iron and steel capacity

LONDON, Oct 21 (Reuters) - China has reduced capacity in its steel industry by 77.8 million tonnes, President Xi Jinping said on Wednesday, fending off criticism that China's cut price steel exports had brought the British steel sector to its knees.

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