Financial News

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September 26, 2019
AP-NC Newswatch
September 27, 2019
Financial News

 

 

 

 

European stocks higher, Asian stocks mixed…Brexit woes leave uncertainty in UK drug supply…Walmart to reopen mass shooting store

 

BEIJING (AP) – European stock markets opened higher today and Asia was mixed as traders weighed slower U.S. economic growth and the possible impact of an impeachment inquiry of President Donald Trump. In early trading, London’s FTSE 100 gained 0.9%, Germany’s DAX rose 0.5% and France’s CAC 40 added 0.2%. Tokyo’s Nikkei closed down 1.4%, the Hang Seng in Hong Kong shed 0.3%. Wall Street is expected to open higher with Dow and S&P futures up 0.2%.

 

LONDON (AP) – Britain’s government watchdog says there is still a “significant amount” of work to do to make sure the country has an adequate supply of licensed drugs in case of a no-deal Brexit. In a report issued today, Britain’s National Audit Office says additional shipping capacity chartered by the U.K. for sending goods across the English Channel might not be operational until the end of November – one month after the Oct. 31 deadline for Britain to leave the European Union. Some 7,000 medicines licensed in the U.K. arrive from or via the EU.

 

ATLANTA (AP) – Delta Air Lines is paying $1.9 billion for 20% of Chile’s Latam Airlines Group as part of a broader deal that will expand the U.S. carrier’s reach in South America. Delta is swooping in after rival American Airlines ran into opposition from Chile’s Supreme Court to its planned joint venture with Latam. American says it understands Latam’s decision to partner with another U.S. airline. American says it’s getting less than $20 million a year from its current alliance with Latam.

 

EL PASO, Texas (AP) – Walmart has set Nov. 6 for the reopening of its store in El Paso where 22 people were killed in a mass shooting. But a Walmart spokeswoman says the date for the Cielo Vista Mall store reopening can’t be guaranteed. She says “there is still much work to be done” on repairs to the scene of the Aug. 3 shootings. Store workers temporarily reassigned to other stores will be returning in early October to prepare the store. The alleged gunman is awaiting trial.

 

WASHINGTON (AP) – The Washington Alcoholic Beverage Control Board has dismissed a request to review whether the D.C. Trump International Hotel should lose its liquor license over its owner’s character. The agency ruled that the call by three ministers, two retired judges and two rabbis lacks standing as most of them didn’t live in or own property in the District. The Washington Post reports this is the second push for license revocation over a city law that says applicants must be of “good character.”

 

AP-WF-09-27-19 1034GMT