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China ‘shoal’ would strain ties: Philippines

  MANILA / AP The Philippines’ top diplomat says any move by China to transform a Manila-claimed shoal into an island would be a “game-changer” in blossoming relations although he says Beijing has pledged not to undertake any construction in the strategically located area of the South China Sea. Foreign Secretary Perfecto Yasay Jr. said in response to a reporter’s ...

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N Korean state media say China dancing to US tune

  TOKYO / AP North Korea’s state-run news agency issued a tough critique of China on Thursday, suggesting Beijing’s criticism of the North’s recent missile test and suspension of imports of North Korean coal are tantamount to the actions of an enemy state “dancing to the tune of the US.” The article took a tone normally reserved for North Korea’s ...

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Europe oil majors eye Brazilian expansion as more blocks open

  Bloomberg European oil majors given a taste of Brazil may soon be ready for more. Norway’s Statoil ASA, Anglo-Dutch company Royal Dutch Shell Plc and France’s Total SA have paid billions since 2013 to gain access to Brazil’s fertile offshore oil riches. They’re now seen as having the best chance to expand when Brazil later this year auctions four ...

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