Business


China's Credit Rating Down After 30yrs

Fitch though has maintained its A plus ratings with stable outlook since 2007. With external debt sitting at just 12 percent of GDP , the downgrade may not prove as damaging to China as it would for an economy more reliant on global borrowing.



United States reserve sales proposal hits oil prices

This is nearly three times the 1.8 million barrels a day being removed through the OPEC production cuts, and could overwhelm the impact of OPEC's supply controls if prices continue to rise . So far, the production-cut agreement has had little impact on global inventory levels due to rising supply from producers not participating in the accord, such as Libya, and a relentless increase in USA shale oil output.


Times Square vehicle suspect 'told police he wanted to kill them all'

Times Square vehicle suspect 'told police he wanted to kill them all'

But while police have ruled out terrorism, there are still plenty of unanswered questions. "Local officials are investigating the cause of the incident", it said in a statement. Officials are awaiting toxicology results, though Rojas " had glassy eyes, slurred speech, and was unsteady ", during his arrest, the complaint said .



Trump is a big fan of Philippine strongman Duterte

The extremists occupied a hospital, jail and other buildings in Marawi City , the Associated Press reported. "To my countrymen who have experienced martial law ". When pushed on the extent of martial law and the possible implications for the nation as a whole, Duterte said, "it is the police and military that say we have reached a risky level..." Some activists expressed concern that it would lead to human rights abuses.



Pope Francis gives Trump a climate change message

In turn, President Trump told Pope Francis how much of an honor it was to meet him, and that the pope's words would stick with Mr. Trump . Under clear blue skies, Trump , who exchanged sharp words with the pope during the US election campaign past year, received a tribute from the Swiss Guard in a Vatican courtyard when he arrived.