Financial News

FH: Mountaineers Embark on First Road Trip of the Season
September 6, 2018
AP-NC Newswatch
September 7, 2018
Financial News




World shares mixed…Solid US job growth is likely to be reported for August…British Airways travelers’ credit card details hacked


SINGAPORE (AP) – Global markets were mixed today as traders mulled over the effects of possible U.S. tariffs on $200 billion in Chinese goods in a simmering trade dispute. In Europe, France’s CAC 40 added 0.1 percent while the FTSE 100 index of leading British shares gave up 0.2 percent. Germany’s DAX fell 0.1 percent. Japan’s benchmark Nikkei and the Kospi in South Korea closed down. The Shanghai Composite index ended higher. Dow and S&P futures signal a lower opening on Wall Street.


WASHINGTON (AP) – U.S. employers likely hired at a healthy pace in August, emboldened by brisk consumer spending and an economy that keeps growing steadily. Economists surveyed by FactSet predict that employers added 189,000 jobs in August and that the unemployment rate dipped from an already-low 3.9 percent to 3.8 percent. That would be nearly the lowest rate in 50 years. The Labor Department’s jobs report will be released this morning.


WASHINGTON (AP) – U.S. and Canadian negotiators will extend at least through today their negotiations to reach a deal that would allow Canada to remain in a North American trade bloc. Canada’s envoy – Foreign Affairs Minister Chrystia Freeland – left a five-minute-long meeting with U.S. Trade Rep. Robert Lighthizer Thursday night. She told reporters that it was important to discuss a couple of issues face to face but offered no further details. She added that the two sides agreed to meet again today.


LONDON (AP) – British Airways is promising to compensate customers after reporting a major hack of its website that compromised credit card information of roughly 380,000 travelers. Chief Executive Alex Cruz says the company is “100 percent committed” to compensating customers whose financial information was stolen. He says enough information was stolen to allow criminals to use credit card information for illicit purposes, and that police are investigating.


MOSCOW (AP) – Russia’s pension reform, which has sent President Vladimir Putin’s approval ratings into a tailspin, is going to hit hard some of the president’s core supporters. The planned hike in the retirement age by five years yanks away the safety net for Russians in their 50s who typically struggle to hold down a job, let alone find a new one. By 2023, the pension age for women will be 60 and for men, 65.



AP-WF-09-07-18 1046GMT