by Xuan Lei | Apr 15, 2015 | Business & Tech, Politics
WASHINGTON — Defending his tax plan on Wednesday, Republican presidential candidate Marco Rubio said an expanded child-care tax credit and reforms in the corporate tax code would energize the economy. The Florida senator’s plan would create a $2,500 child tax credit...
by Yanqing Chen | Apr 14, 2015 | Business & Tech
WASHINGTON — U.S. is on track to become a net exporter of natural gas by 2017, according a report from the Energy Information Administration released Tuesday. U.S. net energy imports continue to decline and will end before 2030, the report said. The boost in domestic...
by Xuan Lei | Apr 14, 2015 | Business & Tech, Topics
BUENOS AIRES, Argentina — Alex Olivares, who just paid a morning visit to a supermarket near his place in the Palermo neighborhood of Buenos Aires, Argentina, had a bottle of milk in his hands. “You might have a bottle of milk at 12 pesos and the next week you would...
by Yanqing Chen | Apr 7, 2015 | Business & Tech
WASHINGTON — World Bank President Jim Yong Kim said Tuesday that China, the world’s most populous nation, has “lifted more people out of extreme poverty than any country in the world by far.” Kim’s speech at the Center for Strategic and International Studies focused...
by Xuan Lei | Apr 3, 2015 | Business & Tech, Topics
WASHINGTON, April 3 — The China-backed Asian Infrastructure Investment Bank may be the latest sign that the largest holder of U.S. bonds is shifting away from holding American debt. “I think it is fair to say that the money will go into AIIB will be on the...
by Yanqing Chen | Apr 2, 2015 | Business & Tech, National Security
WASHINGTON — After several European allies applied to join the Asian Infrastructure Investment Bank this week, U.S. officials have begun to soften their critical view on the China-backed initiative. “We do not ask any country to choose ties with the U.S. to the...
