The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
The U.S. Air Force's top general says he has not yet received direction to send additional bombers to the Middle East after what is believed to be an Iranian attack on Saudi...Defenseread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
China has rejected Philippine allegations that a Chinese fishing vessel abandoned 22 Filipinos after it sank their boat in the South China Sea, as pressure builds on President Rodrigo Duterte to take a tougher line.
China's embassy in Manila said the crew had sought to rescue the Filipino fishermen but fled after being "suddenly besieged by seven or eight Filipino fishing boats".
"There was no such thing as (a) 'hit-and-run'," it said in a statement late on Friday, adding it would handle the issue in a "serious and responsible manner."
The sinking took place on Sunday near the Reed Bank, the site of untapped gas deposits that an international arbitration court in 2016 ruled the Philippines had sovereign rights to exploit. Beijing disputes that.
The issue could complicate what are determined efforts by Duterte to build a strong relationship with China, despite deep mistrust among his U.S.-allied defense apparatus, which remains wary about China's maritime militarization and what it sees as bullying and denial of Manila's access to its own offshore oil and gas reserves.
Duterte has made no mention of Sunday's incident during any of the lengthy and unscripted speeches he has since given. His defense minister, navy chief and spokesman have publicly denounced the Chinese crew and his foreign minister said he had lodged a protest with Beijing.
Presidential spokesman, Salvador Panelo, did not respond to a request for comment on China's version of events.
Opposition Senator Risa Hontiveros on Saturday called for bilateral ties to be downgraded and said China's denial was "preposterous" and the story made no sense.
She said Duterte had plenty to say about mundane issues, but should speak up when it came to sovereignty.
"Nothing is more reassuring to the public than to see and hear their own president, the supposed architect of the country's foreign policy, telling them that he is on top of the situation," Hontiveros said.
Sunday's incident is the latest confrontation involving China's vast fishing fleet, which experts say has been co-opted to serve as Beijing's militia and augment its constant coastguard presence in waters also claimed by Malaysia, Taiwan, Vietnam, the Philippines and Brunei.
Philippines Supreme Court judge Antonio Carpio, a staunch critic of China's maritime claims and conduct, said that among its massive fishing contingent were boats with reinforced steel hulls "purposely for ramming fishing vessels of other coastal states."
"The Filipino people must send a strong signal to China that any new 'grey zone' offensive of ramming Filipino fishing vessels ... will mean a break of diplomatic ties," Carpio said in a statement late Friday.