Donald Trump picked a fossil fuel industry defender as his top environmental official, another retired general as homeland security chief and Iowa's governor as U.S. ambassador to China in choices at odds with some of his recent pronouncements.
WASHINGTON Koch Industries, the private conglomerate owned by billionaire conservatives Charles and David Koch, warned on Wednesday that a Republican tax reform proposal meant to encourage U.S. exports could have devastating effects on the economy and consumers.
LONDON Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment.
TOKYO Corporate Japan is bracing for a rocky ride under incoming U.S. President Donald Trump, a Reuters poll showed, with well over a third of firms seeing a contraction in global trade as concerns about a rise in U.S. protectionism threaten to shatter a fragile economic recovery.
SEOUL South Korea's parliament introduced a bill on Thursday to impeach President Park Geun-hye, setting the stage for a historic vote to oust the embattled leader engulfed in an influence-peddling scandal.
TOKYO Prime Minister Shinzo Abe's visit to Pearl Harbor this month may not be the first by a sitting Japanese premier but will be the first with a U.S. president, his top government spokesman said on Thursday, trying to clarify confusion over the trip.
TORONTO Canadian yoga and leisure apparel retailer Lululemon Athletica Inc on Wednesday reported quarterly profit that beat analysts' forecasts, helped by higher-than-expected gross margins and sales.