Latest East Asia News

US trade gap narrows as imports fall amid China conflict

Dec. 5, 2019 5:09 PM EST

WASHINGTON (AP) — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped. The Commerce Department said Thursday that the gap between what America sells and what it buys abroad dropped 7.6% to $47.2 billion in October. Imports...

Stocks end wobbly day with slight gains ahead of jobs report

Dec. 5, 2019 5:00 PM EST

Wall Street capped a wobbly day of trading Thursday with slight gains for the major stock indexes as technology companies and banks outweighed declines elsewhere in the market. The muted trading came as investors looked ahead to a key government report on jobs and kept an eye on developments in the negotiations...

US likely to hit China over human rights despite trade talks

Dec. 5, 2019 4:41 PM EST

WASHINGTON (AP) — Congress is poised to hand President Donald Trump a second chance in less than a month to anger the Chinese government and attack its record on human rights as he tries to deliver a long-sought trade deal with Beijing. Members of the Senate said Thursday that they expect to quickly and...

Markets Right Now: Stocks end a wobbly day slightly higher

Dec. 5, 2019 4:21 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a wobbly day slightly higher on Wall Street as traders wait for more news on trade talks between the U.S. and China. Gains for technology companies and banks outweighed losses in energy and other...

Putin offers US an immediate extension to key nuclear pact

Dec. 5, 2019 2:47 PM EST

MOSCOW (AP) — Russian President Vladimir Putin offered Thursday to immediately extend the only remaining nuclear arms reduction pact with the United States, but a senior U.S. official said Washington wants a broader deal involving China. Speaking at a meeting with military officials, Putin said that Russia...

Trade-related relief payments cushion some Kentucky farmers

Dec. 5, 2019 1:30 PM EST

LOUISVILLE, Ky. (AP) — International trade uncertainty looms over Kentucky's farm economy, which was able to maintain stable income levels with a boost from government relief payments offered to farmers hit hard by low commodity prices caused by the trade conflict with China, agricultural economists said...

North Korea threatens to resume calling Trump ‘dotard’

Dec. 5, 2019 12:45 PM EST

SEOUL, South Korea (AP) — North Korea threatened Thursday to resume insults of U.S. President Donald Trump and consider him a “dotard” if he keeps using provocative language, such as referring to its leader as “rocket man.” Choe Son Hui, the first vice foreign minister, issued...

UN climate talks aim to pave way for global carbon market

Dec. 5, 2019 11:24 AM EST

BERLIN (AP) — On a cold afternoon in late November, Jan Gerrit Otterpohl eyes the chimneys of Berlin’s Heizkraftwerk Mitte, a state-of-the-art power plant that supplies the city with heat and electricity. It’s not the billowing steam he’s interested in, but the largely invisible carbon...

Portugal resists US appeal to bar Huawei from 5G network

Dec. 5, 2019 11:12 AM EST

LISBON, Portugal (AP) — Portugal won’t exclude Chinese companies from supplying technology for the country’s next-generation 5G wireless network, senior Portuguese officials told U.S. Secretary of State Mike Pompeo on Thursday. Portugal is the latest European Union country to resist U.S....

Maldives wants to restructure debt to China

Dec. 5, 2019 8:51 AM EST

COLOMBO, Sri Lanka (AP) — The Maldives foreign minister says his country needs to restructure its massive debt to China, which he says has put the Indian ocean archipelago in a difficult situation. Abdulla Shahid said the country's Chinese debt currently totals about $1.4 billion. He told reporters in...