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September 10, 2018
Financial News




Higher opening possible for Wall Street … Moonves out … China promises retaliation if US imposes more tariffs


SINGAPORE (AP) – European and Asian markets were mostly lower today, but a strong U.S. jobs report has primed Wall Street for a higher open. In Europe, France’s CAC 40 is almost flat in early trading while the FTSE 100 index of leading British shares has gained 0.2 percent. Germany’s DAX is down 0.1 percent. Japan’s benchmark Nikkei 225 closed 0.3 percent higher and South Korea’s Kospi gained 0.3 percent. But shares fell in Taiwan and across Southeast Asia.


NEW YORK (AP) – Allegations of sexual misconduct have forced one of the TV industry’s most powerful executives to step down. CBS announced the exit of its chief Les Moonves Sunday night, hours after The New Yorker magazine posted a story with a second round of ugly accusations against the 68-year-old. Moonves has denied charges 12 women have alleged, although he said he had consensual relations with three of the women.


BEIJING (AP) – China’s government says it will retaliate if Washington goes ahead with more tariff hikes. President Donald Trump said last week he was considering extending penalties to an additional $267 billion of Chinese imports in their battle over technology policy. A Chinese foreign ministry spokesman says China will “definitely take countermeasures” if the United States imposes more tariffs.


WASHINGTON (AP) – Ford says it wouldn’t be profitable to build its Focus Active hatchback wagon in the United States, despite President Donald Trump’s tweet Sunday that “This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!” Ford says it will continue to produce the vehicle in China given that yearly sales have been forecast below 50,000.


BENGHAZI, Libya (AP) – Libya’s U.N.-backed government says gunmen have stormed the headquarters of the country’s national oil company in the capital Tripoli and taken hostages. The Interior minister says the attack by six gunmen happened today while employees were inside the building. He believes there are casualties from an exchange of gunfire between the attackers and the building’s security guards.



AP-WF-09-10-18 1050GMT