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April 15, 2019
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April 16, 2019
Financial News






World shares advance … Deutsche Ban subpoenaed … Walmart teams up with Kidbox



TOKYO (AP) -World shares advanced today, led by a rally in Chinese markets. Upbeat home price data from China and encouraging talk from the White House on trade negotiations with Beijing appeared to help lift sentiment. Germany’s DAX surged 0.6% while the CAC 40 in France gained 0.3%. Britain’s FTSE 100 climbed 0.3%. The Nikkei 225 index added 0.2% to 22,221.66. South Korea’s Kospi gained 0.2% and the S&P/ASX 200 in Australia gained 0.4%. Shares also rose in Taiwan and Southeast Asia. Wall Street looks set for gains with Dow and S&P futures each up 0.4%.


WASHINGTON (AP) – Two House committees subpoenaed Deutsche (DOY’-chuh) Bank and several other financial institutions Monday as part of investigations into President Donald Trump’s finances. House Intelligence Committee Chairman Adam Schiff, a California Democrat, said in a statement that the subpoenas are part of an investigation “into allegations of potential foreign influence on the U.S. political process.” The House Financial Services Committee is also seeking records.


NEW YORK (AP) – Walmart is teaming up with Kidbox, the 3-year-old online styling service for children, to offer its customers an exclusive, curated style box. Starting today, Walmart customers will get access to more than 120 premium children’s brands. The style box will include about five fashion items for $48, about 50% off the suggested retail price of the bundled items. Walmart customers complete a short style quiz for their child on Kidbox styles tailor each child’s style preferences, season and where the child lives.


MOSCOW (AP) – Russia’s lower chamber of parliament has adopted a bill that would expand government control over the internet, raising fears of widespread censorship. The State Duma overwhelmingly voted today to support the bill, which still has to be approved by the upper chamber of Russian Parliament and signed into the law by the president. The bill requires internet providers to install equipment to route Russian internet traffic through servers in the country.


RICHMOND, Va. (AP) – One of the biggest planned solar farms in the country has been approved by local officials in Virginia to move forward. Officials in Spotsylvania County, about 50 miles south of Washington, recently voted to approve permits for a proposed 500-megawatt project. The company behind the project, sPower, says the project will be built in phases during the next two years and will create enough energy to power about 110,000 homes.



AP-WF-04-16-19 1034GMT