Latest Wilbur L. Ross Jr. News

World shares rise after upbeat talk on China-US trade

Oct. 22, 2019 7:55 AM EDT

BANGKOK (AP) — Global stock markets were rising Tuesday, spurred by upbeat talk from President Donald Trump and other U.S. officials on the status of trade negotiations with China. Investors were heartened by Trump's comment to reporters Monday that he hopes to sign a trade deal with China next month at a...

Company appeals SC, NC rejections of coastal seismic testing

Oct. 22, 2019 6:36 AM EDT

CHARLESTON, S.C. (AP) — A company that wants to explore oil and gas off the eastern coast of the U.S. has asked President Donald Trump's administration to ignore objections by environmental agencies in the Carolinas. The Post and Courier reports WesternGeco wants U.S. Commerce Secretary Wilbur Ross to...

Asian stocks climb, lifted by upbeat talk on China-US trade

Oct. 22, 2019 12:54 AM EDT

BANGKOK (AP) — Shares are gaining in Asia after upbeat comments from President Donald Trump and other U.S. officials on the status of trade negotiations with China. The Kospi in South Korea led gains, jumping 1.3% to 2,090.88, thanks to gains in technology companies overnight on Wall Street. Australia's...

US slaps new sanctions on Cuba over human rights, Venezuela

Oct. 18, 2019 10:58 PM EDT

WASHINGTON (AP) — The United States on Friday imposed new sanctions on Cuba over its support for Venezuelan President Nicolás Maduro and its human rights record at home. The Department of Commerce said in a statement it is revoking existing licenses for aircraft leases to Cuban state-owned airlines...

Huawei exec: Chinese tech giant wants to be 'transparent'

Oct. 18, 2019 6:18 PM EDT

WASHINGTON (AP) — A top executive of Chinese tech giant Huawei said Friday that the company is prepared to be "open and transparent" as it looks to persuade the U.S. government that it can be trusted and that national security concerns about its technology are unfounded. "The first thing we need to do is...

US Commerce Secretary praises Australia, criticizes China

Oct. 10, 2019 2:38 AM EDT

PERTH, Australia (AP) — U.S. Secretary of Commerce Wilbur Ross slammed China's trade practices and trumpeted America's economic relationship with Australia amid the festering trade war with Beijing. Ross told a business gathering in Sydney on Thursday that President Donald Trump did not want to use tariffs...

US seeks to blacklist Chinese artificial intelligence firms

Oct. 8, 2019 7:13 AM EDT

The United States is blacklisting a group of Chinese tech companies that develop facial recognition and other artificial intelligence technology that the U.S. says is being used to repress China's Muslim minority groups. A move Monday by the U.S. Commerce Department puts the companies on a so-called Entity List...

US Commerce declares fishing disasters for 7 states

Sep. 25, 2019 8:12 PM EDT

NEW ORLEANS (AP) — U.S. Commerce Secretary Wilbur Ross has declared fishing disasters for seven states on three coasts. "Fishing is the cornerstone of countless coastal economies and has been a way of life for generations of Americans," he said in a brief news release Wednesday. "This determination...

17 states sue feds over Endangered Species Act rules

Sep. 25, 2019 4:52 PM EDT

SEATTLE (AP) — Seventeen states sued the Trump administration Wednesday to block rules weakening the Endangered Species Act, saying the changes would make it tougher to protect wildlife even in the midst of a global extinction crisis. The lawsuit, in federal court in San Francisco, follows a similar...

Trump attacks globalism and urges action on Iran at UN

Sep. 24, 2019 7:02 PM EDT

UNITED NATIONS (AP) — President Donald Trump stood before world leaders at the U.N. General Assembly on Tuesday and rejected "globalism" and liberal immigration policies while exhorting the world to act against Iran's "bloodlust." His speech and subsequent meetings had to compete with news from Washington...