Financial News

Earnest McKinley Howell
July 29, 2019
AP-NC Newswatch
July 30, 2019
Financial News





World shares mixed … Capital One says doubts stolen data was used for fraud … No more mini-sized toiletries at Holiday Inn


BANGKOK (AP) – World shares were mixed today as investors await an expected interest rate cut by the U.S. Federal Reserve and watched for progress in trade talks between the U.S. and China. In early trading, Germany’s DAX lost 0.7% the CAC 40 in France gave up 0.4%. Britain’s FTSE 100 added 0.2%. In Asia, Japan’s Nikkei climbed 0.4%, the Shanghai Composite index added 0.4%, while Hong Kong’s Hang Seng gained 0.1%. In South Korea, the Kospi gained 0.5% Wall Street looks set for a tepid start Dow futures down nearly 0.1% and S&P 500 futures down 0.1%.


SEATTLE (AP) – Capital One says customer information stolen by a hacker was unlikely used for fraud, but the bank says it will continue to investigate. Paige A. Thompson has been charged with a single count of computer fraud and abuse after authorities say Thompson gained access to the personal information from more than 100 million Capital One credit applications. The bank says the hacker got information such as credit scores, balances and Social Security numbers.


LONDON (AP) – British Prime Minister Boris Johnson is visiting Wales as part of a national tour intended to reassure Britons that his push for a hard Brexit won’t hurt the economy and rip apart the U.K. He faces a tough reception today from Welsh farmers, who fear economic havoc if Britain leaves the European Union without a divorce deal. They say millions of sheep might have to be slaughtered if tariffs are slapped on lamb exports to the EU.


BEIJING (AP) – Huawei’s global sales rose by double digits in the first half of this year despite being placed on a U.S. security blacklist. The Chinese tech giant’s chairman says Washington’s campaign against the company has ‘galvanized our people.’ Liang Hua says sales have suffered “some impact” since the Trump administration imposed curbs in May on sales of U.S. technology to Huawei. But he says revenue rose 23.2% and smartphone shipments were up 24%.


LONDON (AP) – The fight to save the seas from plastic waste may mean the end for mini bottles of shampoo and other toiletries that hotel guests love to stuff into their luggage. The owner of Holiday Inn and InterContinental Hotels says that its nearly 843,000 guest rooms are switching to bulk-size bathroom amenities as part of an effort to cut waste.



AP-WF-07-30-19 1059GMT