The Chinese post office says it has agreed to a 27% increase in fees it pays the United States and other countries to deliver packages following a dispute with Washington that threatened to break up the global postal union.
A truce in a U.S.-Chinese tariff war and Beijing's promises to open more of its state-dominated economy are raising hopes among investors. But China's own state media are trying to temper expectations, while companies express frustration about the halting pace of market opening.
Hong Kong's leader said Tuesday that "it's totally irresponsible and unfounded" to suggest the semi-autonomous Chinese territory is becoming a police state as her government grapples with protests now in their fifth month.
Robert Burns, Associated Press | PostedOct 14th - 10:06pm
Targeting Turkey's economy, President Donald Trump announced sanctions aimed at restraining the Turks' assault against Kurdish fighters and civilians in Syria — an assault Turkey began after Trump announced he was moving U.S. troops out of the way.
Business Wire, Associated Press | PostedOct 14th - 6:43pm
it’s about supporting the impressive doctors, nurses and healthcare practitioners at Metro Pacific Hospitals who help millions of patients across the Philippines. Metro Pacific Hospitals exemplifies the type of high-caliber company KKR looks to work with, and we are thrilled to play a role in the development of the Philippines’ healthcare infrastructure. We thank Mr. Pangilinan for the confidence he has placed in us, and are very excited to begin working with Mr. Palisoc and his world-class team.”
California's top utility regulator blasted Pacific Gas and Electric on Monday for what she called "failures in execution" during the largest planned power outage in state history to avoid wildfires that she said, "created an unacceptable situation that should never be repeated."
Utility regulators from three states used nearly identical language in letters urging the Federal Energy Regulatory Commission to speed up its study on the effects of upcoming coal-fired power plant closures on the U.S. power grid.
Ken Sweet, Associated Press | PostedOct 14th - 4:00pm
Facebook officially moved forward with its plans Monday to create a new digital currency called Libra, despite several high-profile defections from the project and intense criticism from U.S. regulators and politicians.