Financial Markets

AP Newswatch
February 23, 2018
AP Sports
February 23, 2018
Financial Markets

 

Mixed shares…Governors want bipartisan health solution…Tycoon prosecution
BEIJING (AP) – Shares were mixed Friday, with European stock benchmarks slipping in early trading after a day of gains in Asia. Futures point to opening gains on Wall Street. Benchmark U.S. crude oil slipped but remains above $62.50 per barrel. The dollar gained against the yen and the euro.

 

COLUMBUS, Ohio (AP) – A bipartisan group of governors says the two parties can and should work together to improve the nation’s health care system. Republican Ohio Gov. John Kasich (KAY’-sik), Democratic Colorado Gov. John Hickenlooper and others are set to discuss the group’s latest policy work on health care during a news conference Friday in Washington. Their blueprint lays out ways to improve affordability, restore stability, promote flexibility in the states and eliminate burdensome or overlapping insurance regulations.

 

BEIJING (AP) – The founder of one of China’s biggest insurers, who had discussed possibly investing in a Manhattan skyscraper owned by the family of U.S. President Donald Trump’s son-in-law and adviser, will be prosecuted for financial offenses and regulators have taken control of his company. The government announced that Anbang Insurance Group chairman Wu Xiaohui is charged with improper fundraising and “taking others’ money.”

 

BEIJING (AP) – BMW Group says it is talking with a Chinese automaker about a possible partnership to produce electric versions of its MINI cars for the world’s biggest auto market. BMW’s announcement Friday adds to increasing competition in China’s market for electrics as global automakers spend billions of dollars into developing models to meet official sales quotas. BMW said it signed a letter of intent with Great Wall Motor Co. and needs to work out a cooperation agreement and investment details.

 

BRUSSELS (AP) – European leaders – minus Britain’s prime minister – are meeting to discuss how the bloc will cope with a multibillion-euro hole in its budget caused by Brexit. Lithuania’s president says the meeting will gauge the EU’s ambitions as it sets a new multiyear budget for the post-Brexit era. The EU’s executive Commission estimates that Britain’s planned departure next year will cut contributions by around 12 billion euros ($14.8 billion) a year. Britain has agreed to pay its budget share until 2020.

AP-WF-02-23-18 1133GMT