Posted inWorld News

China yuan weakens after signs of stability calm markets

BEIJING (AP) — China’s yuan weakened again Wednesday after hopes among financial traders that the decline was stabilizing helped to calm jittery global markets. The currency edged down to 7.0488 to the U.S. dollar, about 0.4 percent below its level late Tuesday. Financial markets tumbled after Beijing allowed the yuan to fall Monday to an […]

Posted inWorld News

US, South Korea prepare military drills despite North’s ire

SEOUL, South Korea (AP) — South Korea and the United States are preparing to hold their annual joint military exercises despite warnings from North Korea that the drills could derail fragile nuclear diplomacy, Seoul’s military said Monday. Choi Hyun-soo, spokeswoman of Seoul’s Defense Ministry, said the exercises will be focused on verifying Seoul’s capabilities for […]

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