At Camp David, US, South Korea and Japan condemn China, agree to deepen military ties

By Trevor Hunnicutt, David Brunnstrom and Hyonhee Shin CAMP DAVID, Maryland (Reuters) -U.S. President Joe Biden and the leaders of South Korea and Japan agreed at Camp David on Friday to deepen military and economic cooperation and made their strongest joint condemnation yet of “dangerous and aggressive behavior” by China in the South China Sea….

Read More

Latest North Korean missile sparks debate over possible Russian links

By Josh Smith, Trevor Hunnicutt and David Brunnstrom SEOUL/WASHINGTON (Reuters) -North Korea’s latest Hwasong-18 intercontinental ballistic missile – its first ICBM to use solid rocket fuel – has reignited debate over possible Russian links to the nuclear-armed state’s dramatic missile development. In a report published on Thursday by the Washington-based Center for Strategic and International…

Read More

Evergrande seeks US court nod for $32 billion debt overhaul as China economic fears mount

By Clare Jim, Jonathan Stempel and Dietrich Knauth HONG KONG/NEW YORK (Reuters) – Embattled developer China Evergrande Group has filed for U.S. bankruptcy protection as part of one of the world’s biggest debt restructurings, as anxiety grows over China’s worsening property crisis and its impact on the weakening economy. China unexpectedly lowered several key interest…

Read More

S&P 500 ends near flat as energy, defensive sectors counter megacap declines

By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week’s speech by Federal Reserve Chair Jerome Powell. Megacap technology-related growth stocks dipped, with Alphabet down 1.9% and Tesla…

Read More