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Bears and bulls lock horns over China's blue chips

Kweichow Moutai, the Chinese drinkmaker made famous when Richard Nixon drank its fiery sorghum liquor on his historic state visit to Beijing in 1972, has been the toast of the mainland's blue chip stock rally, surging 93 percent this year.

Doubts about U.S. State redesign deepen with erroneous comments

U.S. Secretary of State Rex Tillerson holds a town hall with staff on Tuesday amid skepticism about his planned agency reorganization that has been aggravated by his recent inaccurate comments about the State Department, a dozen current and former officials said.

Fitch Upgrades PLDT's Foreign-Currency IDR to 'BBB+' on Sovereign Uplift

(The following statement was released by the rating agency) SINGAPORE, December 12 (Fitch) Fitch Ratings has upgraded PLDT Inc.'s Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB+', from 'BBB', and simultaneously affirmed the Philippine telco's Long-Term Local-Currency IDR at 'BBB+' and National Long-Term Rating at 'AAA(phl)'. The Outlook is Stable. The upgrade follows the upgrade of the Philippines' Country Ceiling on 10 December 2017 (see <a href="https://www.fitchratings.com/

Bears and bulls lock horns over China's blue chips

Kweichow Moutai, the Chinese drinkmaker made famous when Richard Nixon drank its fiery sorghum liquor on his historic state visit to Beijing in 1972, has been the toast of the mainland's blue chip stock rally, surging 93 percent this year.

Fitch Assigns First-Time IFS Rating of 'BBB+' to FWD Fuji Life

(The following statement was released by the rating agency) TOKYO/HONG KONG, December 12 (Fitch) Fitch Ratings has assigned Japan-based FWD Fuji Life Insurance Company, Limited (FWD Fuji Life) an Insurer Financial Strength (IFS) Rating of 'BBB+' (Good). The Outlook is Stable. KEY RATING DRIVERS The rating takes into consideration FWD Fuji Life's good capital adequacy, conservative asset mix and good business profile. It also reflects the challenges the company faces, particularly its moderately

Subway bomber wounds self, three victims in New York

A Bangladeshi man set off a homemade pipe bomb strapped to his body in a crowded New York City commuter hub during the morning rush hour on Monday, officials said, immediately calling it an attempted terrorist attack.

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U.S. Treasury tax study slammed as 'fake math' by Democrats

WASHINGTON The U.S. Treasury Department on Monday released a one-page analysis of the economic and fiscal impact of a Republican tax overhaul plan that was swiftly criticized by a number of tax experts and attacked as "fake math" by Democrats.