Latest Greater China News
A divided Fed reduces rates but may not cut again this year
WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by...
US stocks end mixed following Fed's decision to cut rates
Major U.S. stock indexes closed mostly higher Wednesday after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Gains in banks, utilities and technology companies outweighed losses elsewhere in the...
USA Bobsled pilot Elana Meyers Taylor expecting baby
U.S. bobsledder Elana Meyers Taylor announced Wednesday that she will not compete this season because she is pregnant, though she plans to return in a year to prepare for the 2022 Beijing Olympics. Meyers Taylor and her husband, fellow U.S. bobsledder Nic Taylor, are expecting their first child in March. Meyers...
The Latest: Powell says Fed facing "difficult judgments"
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:50 p.m. Federal Reserve Chair Jerome Powell acknowledges that officials at the U.S. central bank are fractured about next steps on interest rates. Forecasts from the Fed show uncertainty about the course of...
Tsai completes purchase of Nets, arena, hires Levy as CEO
NEW YORK (AP) — The Brooklyn Nets have a new owner and a new CEO. Alibaba co-founder Joe Tsai completed his purchase of the team and Barclays Center on Wednesday, then announced that he had hired former Turner Broadcasting President David Levy to oversee both. Tsai's purchase of the Nets was unanimously...
Pelosi welcomes Hong Kong pro-democracy activists to Capitol
WASHINGTON (AP) — House Speaker Nancy Pelosi on Wednesday welcomed Hong Kong pro-democracy activists to the U.S. Capitol, sending a message to Beijing that Congress supports the protesters in their months-long campaign for human rights. Pelosi thanked the activists for "challenging the conscience," not...
Osaka reaches quarterfinals at Pan Pacific Open
OSAKA, Japan (AP) — Top-seeded Naomi Osaka reached the quarterfinals at the Pan Pacific Open by beating qualifier Viktoriya Tomova 7-5, 6-3 on Wednesday. Osaka, who was broken twice early in the match, is looking to win her first title in her hometown after finishing runner-up in 2016 and 2018. She will...
Hong Kong cancels China national day fireworks amid protests
HONG KONG (AP) — An annual fireworks display in Hong Kong marking China's National Day on Oct. 1 was called off Wednesday as pro-democracy protests show no sign of ending. The city issued a terse statement saying the show over its famed Victoria Harbour had been canceled "in view of the latest situation...
Stocks mixed ahead of Fed, oil dips on Saudi output recovery
BEIJING (AP) — Global stocks were little changed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut and as oil prices eased on hopes for a quick recovery in Saudi oil supplies. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong Kong...
A panda is the mascot for the 2022 Beijing Winter Olympics
BEIJING (AP) — A smiling panda and a walking Chinese lantern will be the mascots for the 2022 Winter Olympics and Paralympics in Beijing. The mascots were revealed Tuesday at a ceremony at the Shougang Ice Hockey Arena in the Chinese capital. Beijing Mayor Chen Jining described them as adorable, unique and...
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