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September 19, 2019
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September 20, 2019
Financial News





World shares mixed … UK, EU meet to talk Brexit … Colt suspends rifle production for civilian market


BANGKOK (AP) – World shares have been mixed today, while India’s benchmark jumped more than 5% after the government announced plans to cut corporate taxes. In early trading, Germany’s DAX fell 0.1%, the CAC 40 in France lost 2.9 points and Britain’s FTSE 100 gave up 0.3%. In Asia, Japan’s Nikkei gained 0.2%, the Shanghai Composite index rose 0.2% and the Kospi in South Korea climbed 0.5%. Hong Kong’s Hang Seng edged 0.1% lower. Wall Street looks set for gains, with Dow and S&P futures both up 0.2%.


LONDON (AP) – British and European Union negotiators are meeting today in search of an elusive Brexit deal, as Ireland’s deputy leader warns that the two sides remain far apart despite an improvement in the “mood music.” The U.K. and the EU are exploring whether they can strike a last-minute deal before Britain’s scheduled departure date of Oct. 31. After months of stalemate, the two sides have begun to sound slightly more optimistic.


WEST HARTFORD, Conn. (AP) – Gunmaker Colt says it is suspending its production of rifles for the civilian market including the popular AR-15. Colt’s chief executive officer says it is not permanently ending production but believes there is already an adequate supply of sporting rifles on the market. The company says it will concentrate on fulfilling military and law enforcement contracts with its rifle manufacturing.


COPENHAGEN, Denmark (AP) – Google’s top boss says the tech giant is planning to invest 3 billion euros to expand its data centers across Europe in the next two years. Chief executive Sundar Pichai says it will bring the company’s total investments in the continent’s internet infrastructure to 15 billion euros since 2007. Pichai met with Finnish Prime Minister Antii Rinne today in Helsinki and says the investments will support 13,000 full-time jobs in the European Union every year.


PHNOM PENH, Cambodia (AP) – Cambodia’s government says it is raising the minimum wage for the garment industry, the country’s biggest export earner. The Ministry of Labor and Vocational Training says that from January next year, the minimum wage will be raised 4.4% to $190 a month from $182. The increase falls short of the $195 a month requested by unions but is higher than the $186 suggested by factory owners. The clothing and footwear industry is Cambodia’s biggest export sector.


AP-WF-09-20-19 1043GMT