After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of robust economic engagement, the Asia-Pacific Economic Cooperation forum wrapped up Saturday with a spirit of detente that many fear the annual summit may not see again for the next four years.

"Biden's trip will be overshadowed very clearly by all of the things that Xi Jinping will be up to when he visits APEC," he said. "When Xi meets with Biden part of his audience is

Joe Biden met Chinese President Xi Jinping for the last time as U.S. president on Saturday, with the leaders' goal of lowering tensions before Donald Trump's inauguration challenged by fresh conflicts over cyber crime,

Oil futures settled at their lowest in over two months Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and continued worries over demand from China — the world’s largest crude importer — prompting prices to post a loss for the week.

Oil prices slipped on Friday and were bound for a weekly loss as investors digested waning Chinese demand and a possible slowing of the U.S. Federal Reserve's interest rate cut path. Brent crude futures dropped 71 cents,

Oil prices are set to end the week lower than they started as expectations of weaker global economic growth fuel expectations of oversupply in the year ahead.