China claims ‘precision missile strikes’ in Taiwan Strait

China claims 'precision missile strikes' in Taiwan Strait

KEELUNG, Taiwan (AP) — China says it conducted “precision missile strikes” in the Taiwan Strait on Thursday as part of military exercises that have raised tensions in the region to their highest level in decades. China earlier announced that military exercises by its navy, air force and other departments were underway in six zones surrounding … Read more

In S. Korea, Pelosi avoids public comments on Taiwan, China

In S. Korea, Pelosi avoids public comments on Taiwan, China

SEOUL, South Korea (AP) — After infuriating China over her trip to Taiwan, US House Speaker Nancy Pelosi put South Korean political leaders in Seoul on Thursday but avoided making direct public comments on cross-Strait relations that could have further increased regional tensions. Pelosi, the first incumbent House speaker to visit Taiwan in 25 years, … Read more

China’s forces encircle Taiwan as live fire drills begin

China's forces encircle Taiwan as live fire drills begin

CNN — US House Speaker Nancy Pelosi is no longer in Taiwan, but on Thursday China made good on its promise that the island will pay a price for hosting the highest-ranking US official to visit in 25 years. The Chinese military’s Eastern Theater Command said it conducted long-range, live-fire training in the Taiwan Strait … Read more

Pelosi tells Taiwan US commitment to democracy is ‘ironclad’

Pelosi tells Taiwan US commitment to democracy is 'ironclad'

TAIPEI, Taiwan (AP) — After a trip that drew China’s wrathdefiant Nancy Pelosi concluded her visit to Taiwan on Wednesday with a pledge that the American commitment to democracy on the self-governing island and elsewhere “remains ironclad.” Pelosi received a euphoric welcome as the first US House speaker to visit in more than 25 years, … Read more

Pelosi’s trip to Taiwan makes matters worse for US and China relations

Pelosi's trip to Taiwan makes matters worse for US and China relations

House Speaker Nancy Pelosi’s trip to Taiwan ramps up US-China tensions and risks pushing the countries further apart, according to one economist. On Wednesday, the top US lawmaker met Taiwan President Tsai Ing-wen in a highly controversial visit that has angered Beijing. “We’re on a trajectory of escalating conflict and this will certainly make matters … Read more

The Downside Risk Of Tomorrow’s OPEC+ Meeting

Oil Prices OPEC

Reader Update: Whether you are new to the oil and gas industry or an energy market veteran, you will regret not signing up for Global Energy Alert. Oilprice.com’s premium newsletter provides everything from geopolitical analysis to trading analysis, all for less than a cup of coffee per week. Chart of the Week – After more … Read more

Starbucks (SBUX) Q3 2022 earnings beat estimates

Starbucks (SBUX) Q3 2022 earnings beat estimates

An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, fueled by demand in the US for its cold coffee drinks. As inflation surges, … Read more

US House Speaker Pelosi arrives in Taiwan, defying Beijing

US House Speaker Pelosi arrives in Taiwan, defying Beijing

TAIPEI, Taiwan (AP) — US House Speaker Nancy Pelosi arrived in Taiwan on Tuesday night despite threats from Beijing of serious consequences, becoming the highest-ranking American official to visit the self-ruled island claimed by China in 25 years. Pelosi’s visit has triggered increased tension between China and the United States. China claims Taiwan as part … Read more

Pelosi expected to visit Taiwan, Taiwanese and US officials say

House to vote on assault-style weapons ban Friday

CNN — US House Speaker Nancy Pelosi is expected to visit Taiwan as part of her tour of Asia, according to a senior Taiwanese government official and a US official, despite warnings from Biden administration officials, who are worried about China’s response to such a high-profile visit. The stop – the first for a US … Read more

Alibaba stock slides in Hong Kong after US delisting threat

Alibaba stock slides in Hong Kong after US delisting threat

hong kong CNN Business — Alibaba shares fell after US regulators added the stock to a growing list of Chinese firms that might be kicked off Wall Street if US auditors can’t inspect their financial statements. Alibaba (BABA) slid as much as 6% in Hong Kong on Monday morning, but then pared losses to 3.8% … Read more