Latest Greater China News

The Latest: UAE official says tanker sent no distress call

Jul. 16, 2019 11:08 AM EDT

DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf amid a crisis between the United States and Iran (all times local): 7:05 p.m. An Emirati official says a small oil tanker that's based in the United Arab Emirates offered no distress call before switching off its tracker over two...

The Latest: Senator seeks assurances on Facebook Libra

Jul. 16, 2019 10:56 AM EDT

WASHINGTON (AP) — The Latest on congressional hearings on the reach of big tech (all times local): 10:55 a.m. A senior Democratic senator is asserting that "Facebook is dangerous" as a Senate panel opens a hearing on Facebook's plan for a new currency. Sen. Sherrod Brown of Ohio, the senior Democrat on the...

Facebook's new currency plan is under scrutiny in Congress

Jul. 16, 2019 9:32 AM EDT

WASHINGTON (AP) — Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve. Congress begins two days of hearings...

US industrial production unchanged in June

Jul. 16, 2019 9:26 AM EDT

WASHINGTON (AP) — U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining. The Federal Reserve said Tuesday that manufacturing production increased 0.4% last month, aided by a nearly 3% surge at auto plants. Still, factory output has been...

Global shares edge up on upbeat US earnings reports

Jul. 16, 2019 8:34 AM EDT

TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected. France's CAC 40 was up 0.6% to 5,611, while Germany's DAX was 0.4% higher at 12,432. Britain's FTSE 100 gained 0.5% to 7,566. U.S. shares looked set...

China asks for 'friendly consultation' in Malaysia dispute

Jul. 16, 2019 7:04 AM EDT

BEIJING (AP) — China's government expressed hope Tuesday that Malaysia's dispute with a state-owned Chinese company building two multi-billion-dollar gas pipeline projects can be resolved through "friendly consultation." Foreign ministry spokesman, Geng Shuang, said the project being built by a subsidiary...

Hong Kong protests challenge China with no end in sight

Jul. 16, 2019 6:16 AM EDT

HONG KONG (AP) — Colin Wong has come to know the sting of pepper spray well. After more than a month of demonstrations in Hong Kong's sweltering heat, memories of the burning sensation are a constant reminder of what protesters call an excessive use of force by police. Each time he felt the now-familiar...

Asian shares mixed in lackluster trading, Nikkei falls 0.6%

Jul. 16, 2019 12:00 AM EDT

TOKYO (AP) — Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season. Japan's benchmark Nikkei 225 lost 0.6% in early trading to 21,549.68. Australia's S&P/ASX 200 edged 0.1% higher to 6,657.20. South...

Hong Kong leader thanks police after clashes with 'rioters'

Jul. 15, 2019 8:27 PM EDT

HONG KONG (AP) — Hong Kong leader Carrie Lam thanked police on Monday after violent scuffles erupted between law enforcement officers and protesters demanding her resignation. A demonstration Sunday in Hong Kong's Sha Tin district was peaceful for most of the day, but fights broke out when police started...

Brazilian VP backs Bolsonaro's son as US ambassador

Jul. 15, 2019 7:34 PM EDT

RIO DE JANEIRO (AP) — Brazil's vice president said Monday he didn't see "any problems" with President Jair Bolsonaro's possible nomination of his son as ambassador to the United States, rebutting accusations that nepotism had tainted the appointment process for a coveted diplomatic posting. President Jair...