financetom
Business
financetom
/
Business
/
US, Japanese, Philippine leaders discussed China's behavior in South China Sea, White House says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US, Japanese, Philippine leaders discussed China's behavior in South China Sea, White House says
Jan 12, 2025 8:56 PM

WASHINGTON, Jan 12 (Reuters) - U.S. President Joe Biden

on Sunday met virtually with his counterparts from Japan and the

Philippines to advance cooperation among the three countries,

the White House said.

The three leaders discussed trilateral maritime security and

economic cooperation, and China's "dangerous and unlawful

behavior in the South China Sea," it said in a statement.

"The three leaders agreed on the importance of continued

coordination to advance a free and open Indo-Pacific."

Biden spoke with Japanese Prime Minister Ishiba Shigeru and

Philippine President Ferdinand Marcos Jr. late on Sunday, a week

before Biden leaves office and hands power to President-elect

Donald Trump on Jan. 20.

Manila said the three countries, which met for a

trilateral summit in Washington in April, agreed to further

strengthen their ties in the face of growing tensions in

regional waters.

The South China Sea, a conduit for more than $3 trillion of

annual ship-borne commerce, has been plagued by rising tensions

for years. China claims almost the entire South China Sea

despite a 2016 ruling by the Permanent Court of Arbitration

found Beijing's sweeping claims had no legal basis.

The U.S. has increased its security engagements with the

Philippines under Marcos, securing expanded access to Philippine

bases.

The White House statement made no mention of any

discussion about Nippon Steel's ( NISTF ) planned acquisition of

U.S. Steel, which Biden blocked on Jan. 3 citing national

security concerns.

Japan's foreign ministry said Ishiba asked Biden to allay

concerns in the Japanese and U.S. business communities over the

decision, noting that cooperation among allies and like-minded

countries was indispensable for establishing resilient supply

chains.

The White House had no immediate comment on the reported

discussion.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags
North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags
May 22, 2024
(Reuters) - VF Corp ( VFC ) posted a fourth-quarter loss and reported revenue below analysts' estimates on Wednesday as sales declined across its brands, reflecting choppy demand for its apparel and footwear amid strained consumer spending. Shares of the North Face owner, which have declined 34.5% so far this year, were down nearly 8% in extended trading. The Denver-based...
Plexus Insider Sold Shares Worth $549,893, According to a Recent SEC Filing
Plexus Insider Sold Shares Worth $549,893, According to a Recent SEC Filing
May 22, 2024
04:55 PM EDT, 05/22/2024 (MT Newswires) -- Patrick John Jermain, Executive Vice President & CFO, on May 20, 2024, sold 4,999 shares in Plexus (PLXS) for $549,893. Following the Form 4 filing with the SEC, Jermain has control over a total of 37,749 shares of the company, with 34,183 shares held directly and 3,566 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/785786/000162828024024756/xslF345X03/wk-form4_1716411153.xml ...
Corecivic Insider Sold Shares Worth $456,915, According to a Recent SEC Filing
Corecivic Insider Sold Shares Worth $456,915, According to a Recent SEC Filing
May 22, 2024
04:56 PM EDT, 05/22/2024 (MT Newswires) -- David Garfinkle, Executive Vice President & Chief Financial Officer, on May 20, 2024, sold 30,000 shares in Corecivic ( CXW ) for $456,915. Following the Form 4 filing with the SEC, Garfinkle has control over a total of 351,528 shares of the company, with 351,528 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1070985/000095017024063550/xslF345X03/ownership.xml Price: 15.15,...
DuPont says it plans to separate into three independent companies
DuPont says it plans to separate into three independent companies
May 22, 2024
May 22 (Reuters) - DuPont ( DD ) said on Wednesday that it would separate into three publicly traded companies. DuPont ( DD ) said it would split its Electronics, Water, and Industrial businesses in a tax-free manner to its shareholders, with the new DuPont ( DD ) continuing as a diversified industrial company. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved