Month: November 2018
Wall Street Gains Ground After Selloff, but Tech Falters as Apple Slips
01/11/2018
U.S. stocks rose on Thursday, as robust earnings reports supported a third day of recovery from a bruising selloff in October, but a drop in Apple’s shares ahead of results kept technology stocks under pressure. Chemicals producer DowDuPont Inc rose 6.6 percent after quarterly profit topped estimates and the company announced a $3 billion share …
Cambodian-American Newcomer Challenges Veteran California Representative
01/11/2018
In a sprawling California congressional district that includes some of the nation’s richest farmland and part of one of its poorest cities, a first-time candidate, a Cambodian-American woman, is taking on a well-entrenched Democrat, a white man. Neither reflects the 16th District’s majority, the 58 percent of residents who identify as Hispanic or Latino. Slightly …
White House Adviser: More US Tariffs on China Goods Not ‘Set in Stone’
01/11/2018
U.S. President Donald Trump has not “set in stone” any decisions on escalating tariffs on Chinese goods and may withdraw some duties if there are promising policy discussions with China, White House economic adviser Larry Kudlow said on Wednesday. Kudlow said on CNBC that the meeting agenda between Trump and Chinese President Xi Jinping at …
Japan Returns to Work at Disputed Site for US Base
01/11/2018
Japan’s central government resumed work at a disputed U.S. military base relocation site on Okinawa Thursday even though residents see the project as an undemocratic imposition on the small southern island. An early stage of landfill work at Henoko on Okinawa’s east coast began Thursday morning, following the central government’s decision this week to reverse …
Trump Carbon Plan Attacked by Coastal States, Lauded by Coal Interests
01/11/2018
President Donald Trump’s proposal to replace an Obama-era policy to fight climate change with a weaker plan allowing states to write their own rules on emissions from coal-fired power plants was criticized by coastal states, but applauded by coal interests on Wednesday. Under the proposed Affordable Clean Energy plan that acting Environmental Protection Agency (EPA) …
Cuba Says Investor Interest Up Despite US Hostility
01/11/2018
Cuba’s foreign trade and investment minister said on Wednesday the country had signed nearly 200 investment projects worth $5.5 billion since it slashed taxes and made other adjustments to its investment law in 2014. Cuba began a major effort to attract foreign investment as socialist ally Venezuela’s economy went into crisis and has ratcheted it …