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US House Speaker Kevin McCarthy and Tsai Ing-wen, Taiwan's president.
Photographer: Eric Thayer/BloombergMcCarthy stresses strong US-Taiwan ties. Top Credit Suisse executives will have bonuses canceled or cut. Saudi Arabia hikes oil prices for Asia. Here's what you need to know today.
US House Speaker Kevin McCarthy met Taiwan President Tsai Ing-wen and stressed the importance of the relationship between the two sides to economic freedom, peace and stability in the region. It was the first time a Taiwanese president has met with a House speaker, the third-ranking figure in government, on American soil in the more than four decades since the US formulated its “one China” policy recognizing Beijing. Neither leader mentioned China in their joint public remarks.