Financial News

MSOC: Jacob Madden Named Sun Belt Defensive Player of the Week
September 10, 2019
AP-NC Newswatch
September 11, 2019
Financial News

 

 

 

 

Global shares mostly higher…Scottish court rules British PM suspension of Parliament unlawful…China eases some tariff hikes on US

 

TOKYO (AP) — Global shares were mostly higher today, cheered by a rise on Wall Street amid some signs of easing tensions between the U.S. and China on trade issues. In early trading, France’s CAC 40 added 0.4%, while Germany’s DAX gained nearly 0.7%. Britain’s FTSE 100 was up 0.6%. In Asia, Japan’s Nikkei closed up nearly 1.0%, South Korea’s Kospi added 0.8% and Hong Kong’s Hang Seng gained 1.7%. The Shanghai Composite slid 0.4%. Wall Street is expected to open higher with Dow and S&P futures each up 0.2%.

 

LONDON (AP) — A Scottish court has ruled that British Prime Minister Boris Johnson’s decision to suspend Parliament less than two months before Britain is due to leave the European Union was unlawful. But the course also ruled today that Britain’s top court must make the final decision. Judges at the Court of Session in Edinburgh (EH’-dihn-bur-uh) say the government’s action was illegal “because it had the purpose of stymieing Parliament.”

 

BEIJING (AP) _ China has exempted some U.S. industrial chemicals from tariff hikes but has kept penalties on soybeans, pork and other farm goods. The announcement comes ahead of October talks on a U.S.-Chinese tariff war that threatens global economic growth. The first batch of exemptions includes industrial grease and some other chemicals. But penalties of up to 25% remain in place on soybeans and hundreds of other goods.

 

BEIJING (AP) — Chinese auto sales sank 7.7% in August from a year earlier extending a painful slump in the industry’s biggest global market. The industry group, Chinese Association of Automobile Manufacturers, reports that sales of sedans, SUVs and minivans declined to 1.6 million. Total vehicle sales, including trucks and buses, shrank 6.9% to 1.9 million.

 

LONDON (AP) — The Hong Kong stock exchange wants to buy its storied London counterpart in a move that could gain leverage from the uncertainty that Brexit is creating for British companies and for the U.K. capital as a global financial hub. The Hong Kong Exchanges and Clearing Ltd. says it is looking at a deal that would that value the London Stock Exchange Group at 29.6 billion pounds ($36.6 billion), but has not yet made a firm offer. It says a tie-up would provide the London firm with a key opening to Asian markets and offer big savings.