Energy in America

Cyprus, Egypt, Greece agree to bolster maritime security

The defense ministers of Cyprus, Egypt and Greece have agreed to step up cooperation in combating drug, weapons and people trafficking in the east Mediterranean and to share information on countering the threat of terrorism.

Global stock markets drop after Fed rate hike

Asian stocks were mostly lower Thursday after the Fed raised rates again as expected, followed by similar moves in China and Hong Kong that dampened investor sentiment.

China suffers natural gas shortage as coal ban backfires

Chinese authorities have commandeered supplies of natural gas to heat homes, disrupting supplies to industry, after efforts to clear smog-choked air by banning coal use led to energy shortages in frigid weather.

Business Highlights

___ GOP says it's got a deal on taxes; cuts coming for next year WASHINGTON (AP) — Confident congressional Republicans have forged agreement on a major overhaul of the nation's tax laws.

Russian court freezes assets of major conglomerate

Sprawling Russian conglomerate Sistema says a court has frozen some of its assets to secure a pending $2 billion lawsuit from Russia's largest oil company, the state-owned Rosneft.

Business Highlights

___ Tax package would ease hit to residents of high-tax states WASHINGTON (AP) — Congressional Republicans are speeding toward an agreement on a massive tax package that would ease the hit on residents of high-tax states and appease corporations that could have lost precious tax breaks.