North Korea has a scheme to ‘de-couple’ the US from South Korea, says former US ambassador

North Korea’s latest missile launch indicates the reclusive regime is trying to drive a wedge between the United States and South Korea, a former U.S. ambassador to that country said Wednesday. Christopher Hill, who was ambassador to the Republic of Korea from...

Illinois House to take up budget, tax bills, aiming to override governor’s vetoes

Steve Brown, a spokesman for Democratic House Speaker Michael Madigan, gave no time frame on possible House votes, though some House Democrats posted on their social media accounts that voting would take place on Thursday. “We’re still assessing when the...

China shadow banking is slowing amid more coordinated government measures, says Moody’s

Growth in shadow banking in China is slowing due to coordinated government action to contain systemic financial risks, a development that will benefit banks, although it will also bring adjustment risks, Moody’s Investors Service said in a report Tuesday. The...