World shares mostly higher … More Brexit fears … Debt restructuring case brings out protesters in Puerto Rico
SINGAPORE (AP) – World shares were mostly higher today as investors shrugged off the parliamentary defeat of British Prime Minister Theresa May’s plan for leaving the European Union. In Europe, Germany’s DAX rose 0.1 percent and France’s CAC 40 added 0.3 percent. Britain’s FTSE 100 sank 0.4 percent. Japan’s Nikkei slipped 0.6 percent, South Korea’s Kospi added 0.4 percent and Hong Kong’s Hang Seng rose 0.3 percent. Wall Street is positioned for gains, with Dow and S&P futures up.
LONDON (AP) – French wine and spirits makers are warning that Britain crashing out of the European Union without a deal could hurt trade. A day after British Prime Minister Theresa May suffered an overwhelming defeat over her Brexit deal, the federation of French wine and spirits exporters said Tuesday that “the specter of a ‘no deal’ could have serious consequences for the economy and the citizens of both parties.”
SAN JUAN, Puerto Rico (AP) – Dozens of protesters are crowding outside a federal courthouse in Puerto Rico as a judge prepares to hear a major debt restructuring case that critics say will only further indebt the U.S. territory if approved. Today’s hearing involves more than $17 billion worth of debt backed by sales-tax bonds that the government issued. It represents nearly a third of Puerto Rico’s overall bonded debt.
LONDON (AP) – Organizers of next week’s annual gathering of business and political leaders in the Swiss ski resort of Davos say worsening international relations are hindering efforts to resolve a series of global challenges. In its annual Global Risks Report, the World Economic Forum says that a “darkening” economic outlook, in part fostered by geopolitical tensions between the United States and China, “looks set to further reduce the potential for international cooperation in 2019.”
MILWAUKEE (AP) – The nation’s craft beer taps are being squeezed by the government shutdown. The partial shutdown that began last month halted operations at the federal agency that regulates alcohol production and distribution. That has put new beers on hold, prevented new breweries from opening and stopped shipments of some suds across state lines. Brewers are increasingly nervous that they will lose money.