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- By Dow Jones Newswire Uncertainty still weighs; PBoC move boosts sentiment in China Trading weakened as the morning progressed in Asia, with stock indexes hitting session lows as trade an...
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Business News  

Asian stocks fall, oil gives up some gains after China move
By JOE McDONALD
From Associated Press
June 24, 2018 10:53 PM EST

BEIJING (AP) — Asian stock markets fell Monday and oil prices gave up some of their gains after Chinese regulators freed up extra money for bank lending amid a trade dispute with Washington.

BEIJING (AP) — China says it will cut the amount of money some banks are required to keep on hand in part to free up funding for small businesses, amid a brewing trade war with the United States.

GAINESVILLE, Ga. (AP) — With Gary Ramey's fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website.

WASHINGTON (AP) — President Donald Trump is lobbing new threats against U.S. trade partners. Trump says Sunday on Twitter that the U.S.

SAN FRANCISCO (AP) — At San Francisco's Tawla restaurant, Muna Anaee powdered her hands with flour and gently broke off a piece of golden dough to prepare bread eaten in Iraq, the country she fled with her family.

NEW YORK (AP) — The dinosaurs still rule the box office. "Jurassic World: Fallen Kingdom" surpassed expectations to open with $150 million in ticket sales in U.S.

ATLANTIC CITY, N.J. (AP) — When four of Atlantic City's 12 casinos shut down in 2014 and a fifth followed two years later, it seemed to many that the city's gambling industry was in an irreversible death spiral.

PORTLAND, Maine (AP) — The United States imported more seafood last year than at any point in its history, and the nation's trade deficit in the sector is growing, federal data show.

WILKES-BARRE, Pa. (AP) — Colored bulbs cast an eerie blue glow in the restroom of a convenience store where people who inject heroin and other drugs have been seeking the relative privacy of the stalls to shoot up.

BERLIN (AP) — Hundreds of protesters are marching through the German capital to demand an end to burning coal to produce electricity.

LONDON (AP) — Pro-Brexit politicians and business figures have urged British Prime Minister Theresa May to be ready to walk away from the European Union without a trade agreement, despite warnings from major manufacturers that a "no deal" Brexit would be an economic disaster.

DOON, Iowa (AP) — An estimated 230,000 gallons (870,619 liters) of crude oil spilled into floodwaters in the northwestern corner of Iowa following a train derailment, a railroad official said Saturday.

VIENNA (AP) — OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil — a move that should help contain the recent rise in global energy prices.

WASHINGTON (AP) — A Florida boat builder absorbs $4 million in lost business and expects more pain. An Ohio pork producer is losing access to a vital export market and fears the damage will last years.

LONDON (AP) — Tens of thousands of anti-Brexit protesters marched Saturday in London to demand a new referendum on leaving the European Union, as a divided Britain marked the second anniversary of its vote to quit the bloc.

SEOUL, South Korea (AP) — Chinese smartphone maker Xiaomi Corp. plans to raise up to $6 billion in one of the biggest global stock market debuts in recent years as it tries to become a worldwide hardware-and-services brand alongside Apple, Google and Amazon.

WASHINGTON (AP) — President Donald Trump is distorting the truth when it comes to the impact of his administration's policy regarding separating children from their parents at the U.S.

LONDON (AP) — While it's still unclear what Brexit will look like when it happens next year, the decision to leave has already had a clear effect on the economy: households are poorer, companies are more cautious about investing, and the property market has cooled.

PHOENIX (AP) — The human backup driver in an autonomous Uber SUV was streaming the television show "The Voice" on her phone and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report.

NEW YORK (AP) — A crying Honduran girl depicted in a widely-seen photograph that became a symbol for many of President Donald Trump's immigration policies was not actually separated from her mother, U.S.

NEW YORK (AP) — Say this about TV creators in 2018 — they don't give up easily. Three current shows — "Roseanne," ''Transparent" and "House of Cards" — have been crippled by scandal, but each plans to continue without their disgraced stars.

NEW YORK (AP) — Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared.

WASHINGTON (AP) — The Latest on America's disputes with its trading partners (all times local): 3:05 p.m. A trade association representing a dozen automakers doing business in the United States says President Donald Trump's threat to slap 20 percent tariffs on vehicles imported from Europe is "not the right approach."

VIENNA (AP) — The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices.

ATHENS, Greece (AP) — For once sporting a necktie, Greek Prime Minister Alexis Tsipras on Friday pledged to tread the path of fiscal prudence after international creditors announced new debt relief measures to wean his country off its eight-year bailout program.