Latest East Asia News

Trump's fake accent angers Asian Americans as they veer left

Aug. 21, 2019 5:12 PM EDT

When Amanda Berg heard reports that President Donald Trump mocked the accents of the leaders of South Korea and Japan at a recent fundraiser, it brought back painful memories from her childhood. Berg, a Korean American who grew up in Fort Collins, Colorado, recalled kids doing the "stereotypical pulling at the...

US stocks climb after major US retailers post solid earnings

Aug. 21, 2019 5:11 PM EDT

Strong earnings reports from several big retailers helped drive stocks broadly higher on Wall Street Wednesday as the market bounced back from its first loss in four days. Target notched its biggest-ever gain, while Lowe's had its best day in more than a year, leading a broad rally in companies that rely on...

$248 million settlement reached with Chinese drywall maker

Aug. 21, 2019 5:00 PM EDT

NEW ORLEANS (AP) — A proposed $248 million settlement has been filed in a decade-old federal court case over defective Chinese drywall blamed for damaging home appliances and sickening residents. The proposed settlement between property owners and Taishan Gypsum Co. was filed in U.S. District Court in New...

Economic twilight zone: Bonds that charge you for lending

Aug. 21, 2019 4:56 PM EDT

FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds are...

Trump flip-flops on tax cuts, citing 'strong economy'

Aug. 21, 2019 4:49 PM EDT

WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump on Wednesday changed course and said he would abandon the idea because the nation already had "a strong economy." Trump's flip-flop came after recent market volatility and economic uncertainty, and...

Pentagon cancels billion-dollar missile defense project

Aug. 21, 2019 3:40 PM EDT

WASHINGTON (AP) — The Pentagon is pulling the plug on a billion-dollar, technically troubled project to build a better weapon that would destroy incoming missiles. The move is aimed in part at considering new approaches to missile defense at a time of rapid technological change. The announced reason for...

For Celtics, USA World Cup camp is a preseason bonus

Aug. 21, 2019 12:46 PM EDT

Red, white and blue. The colors of USA Basketball. Except this summer, green — Celtics green, to be precise — would work on that palette as well. The Boston Celtics will have at least three and possibly four players on the final 12-man roster that USA Basketball will take to China next week for the...

Powell may signal future rate cuts, but would they matter?

Aug. 21, 2019 12:22 PM EDT

WASHINGTON (AP) — The economy is slowing, the trade war is raging and the president is repeatedly attacking. Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do — or can do — to strengthen the economy and restore confidence at a time of...

Hong Kong police in standoff with protesters after sit-in

Aug. 21, 2019 12:03 PM EDT

HONG KONG (AP) — Hong Kong riot police faced off briefly with protesters occupying a suburban train station Wednesday evening following a commemoration of a violent attack there by masked assailants on supporters of the anti-government movement. Near the end of the event, the police began what they called...

China says British consulate staffer detained 15 days

Aug. 21, 2019 11:55 AM EDT

HONG KONG (AP) — China said Wednesday a staffer at the British consulate in Hong Kong has been given 15 days of administrative detention in the city of Shenzhen for violating regulations on public order. The case has stoked fears among Hong Kong residents that Beijing is extending its judicial reach to...