Taiwan installs 1st woman president amid tension with China

TAIPEI, Taiwan (AP) — Taiwan inaugurated Tsai Ing-wen as its first female president on Friday, returning the pro-independence Democratic Progressive Party to power amid new concerns over increasingly fractious relations with Beijing and a flagging economy.

  • Written by RALPH JENNINGS, Associated Press JOHNSON LAI, Associated Press

Relief and anger in Puerto Rico as Congress acts on debt

SAN JUAN, Puerto Rico (AP) — After months of pleading from Puerto Rico's government, the U.S. Congress has agreed to help the territory restructure its massive public debt. But it comes at a steep cost: a degree of lost sovereignty with the imposition of a fiscal control board as well as a potential lower minimum wage for young workers on the island.

  • Written by DANICA COTO, Associated Press MARY CLARE JALONICK, Associated Press

Boats deliver aid, pick up sick in flooded Sri Lanka capital

COLOMBO, Sri Lanka (AP) — Hundreds of small boats navigated deep floodwaters that have inundated thousands of homes in the Sri Lankan capital to deliver aid and rescue the elderly and sick from rooftops, as forecasters warned Friday of more heavy rain.

  • Written by BHARATHA MALLAWARACHI, Associated Press

Stocks fall after Fed signals June rate hike possible

NEW YORK (AP) — Stocks are dropping Thursday afternoon as industrial companies help drag major indexes lower. Health care companies also fell. Investors braced themselves for the likelihood of an interest rate increase in June at the Federal Reserve's next policy meeting. The selling was broad. Eight of the 10 sectors of the Standard and Poor's 500 fell.

  • Written by BERNARD CONDON, AP Business Writer