Energy in America

Asian shares fall on sign of escalating US-China tensions

Stocks are skidding Tuesday morning, putting the market back into the red for the year, as weak results from retailers and mounting losses for big technology companies compound the market's losses from the day before.

Business Highlights

___ Tech giants plunge again, pushing market into red for year NEW YORK (AP) — Stocks skidded again Tuesday as weak results from retailers and mounting losses for big technology companies pushed the market back into the red for the year.

IMF cites progress in talks on Pakistan bailout

Pakistan and the International Monetary Fund are into their final round of talks over an $8 billion bailout package Islamabad seeks from the international lending agency to overcome the country's economic woes.

Xi: Talks on pact to avoid sea clashes could end in 3 years

China's president will visit the Philippines for the first time in a high point of a love-hate relationship with an American treaty ally with offers of infrastructure loans and new accords to prevent clashes and possibly explore for oil and gas in the disputed South China Sea.