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Tag Archives: china

US stocks open slightly higher, led by health care stocks

us stocks

NEW YORK (AP) — U.S. stocks are starting the week slightly higher following two weeks of losses. Health care stocks are making the biggest gains. Weak economic reports from China are pushing the prices of fuels and precious metals lower. KEEPING SCORE: The Dow Jones industrial average gained 32 points, or 0.2 percent, to 17,772 as of 10:09 a.m. Eastern ...

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Vietnam demands that China move oil rig

Vietnam demands that China move oil rig

HANOI, Vietnam (AP) — Vietnam demanded Friday that China remove an oil exploration rig from an area of the South China Sea where their border is still being demarcated, and said Beijing’s unilateral actions were complicating regional tensions. The oil rig was at the center of a standoff between the countries in 2014 when China parked it near the Paracel ...

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Anger in China’s coal country as miners feel left behind

Anger in China's coal country as miners feel left behind

JUNDESHAN, China (AP) — Hanging from a highway overpass two hours’ drive from the Siberian border, a local government banner reads like a last-gasp exhortation to this exhausted coal community: “Improve our structure, change our methods, transform our city.” This area has transformed in dire ways as China has retreated from coal and heavy industry. Li Jiuxian, who hasn’t been ...

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China tries to reassure on economy, cuts growth target

China tries to reassure on economy, cuts growth target

BEIJING (AP) — China’s leadership tried to quell anxiety about its slowing economy following financial turmoil and rising labor unrest as it cut its growth target Saturday and promised to open the oil and telecom industries to private competitors in sweeping industrial reforms. Premier Li Keqiang announced a growth target of 6.5 to 7 percent in a report to the ...

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12 killed in gas leak at coal mine in northeastern China

12 killed in gas leak at coal mine in northeastern China

BEIJING (AP) — A gas leak at a coal mine in northeast China has killed 12 miners, state media reported Monday. The accident happened Sunday at a mine in the Jilin province city of Baishan, the official Xinhua News Agency said. Rescuers brought one injured person to a hospital and confirmed Monday morning that the other 12 trapped miners were ...

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Oil, gas companies lead early decline in stocks

NEW YORK — Stocks were moderately lower Monday morning as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 56 points, or 0.3 percent, to 16,411 as of 11:25 a.m. Eastern. The Standard & Poor’s 500 index lost seven points, or 0.4 percent, to 1,931 ...

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China faces nuclear energy choice

WASHINGTON — China is coming to a crossroads as it hurriedly increases nuclear energy production to cope with rising electricity demand and cut carbon emissions: Should it reprocess its nuclear waste or store it? Nonproliferation advocates warn that recycling waste would generate weapons-usable plutonium, posing a security risk and potentially stirring a nuclear rivalry in East Asia. A new Harvard University ...

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US stocks open higher, lifted by strong job gains

FILE - This Jan. 4, 2010, file photo, shows an entrance to a Wall Street subway station in New York. Strong U.S. jobs data continued to shore up stock markets on Monday, Dec. 7, 2015, as investors welcomed the growing certainty of an interest rate increase from the U.S. Federal Reserve the following week. Meanwhile, oil prices slid again after the OPEC oil cartel's decision to not cut production. (AP Photo/Mark Lennihan, File)

NEW YORK — Stocks are opening higher on Wall Street as traders were encouraged by news of strong job gains in the US last month. The gains early Friday came a day after the market had its worst drop in three months. Retailers and technology companies had the biggest gains. Energy stocks rose along with the price of oil. The ...

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US stocks slide again as China woes lead to global selling

wall street

NEW YORK — U.S. stocks are moving sharply lower as worries intensify about China’s economy and dropping oil prices. China’s main stock index plunged again Thursday as its currency weakened, triggering the second automatic halt in trading this week. China’s market regulator later said it would suspend the trading halts. The price of oil sank to its lowest level in ...

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