Bloomberg The Philippines will protest China’s opening of a maritime rescue center in the South China Sea, Foreign Affairs Secretary Teodoro Locsin said, just days after President Rodrigo Duterte’s spokesman said the nation should be grateful for the move. Locsin said he supports Supreme Court Justice Antonio Carpio’s position that the Philippines must contest China’s construction of the rescue center ...

Bloomberg Venezuelans marched in dueling protests, with the two men who claim to be the divided nation’s president each exhorting followers to hold firm and that victory was certain. But only one man will prevail, and the unusual split-screen rallies offered no decisive hints, just more proof that Venezuela’s crisis is digging ever deeper and that the nation’s powerful military ...

Bloomberg Soaring production in North America’s most prolific oil field helped propel Exxon Mobil Corp. and Chevron Corp. to bigger-than-expected fourth-quarter profits. Chevron surprised analysts and investors with a $25-billion stock buyback pledge and shares for both explorers were among the day’s best-performing energy stocks. Exxon surpassed analysts’ forecasts by almost one-third with the biggest refining bonanza in six years ...