Financial News

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October 18, 2019
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October 21, 2019
Financial News




 Global shares mostly higher…UK’s Boris Johnson set to push for vote on EU divorce bill…Japan exports fall for 10th straight month


TOKYO (AP) – Global shares are mostly higher after China’s top trade negotiator said over the weekend that Beijing and Washington were making progress in trade talks. In early trading, Britain’s FTSE 100 was flat, France’s CAC 40 rose 0.3%, while Germany’s DAX gained 0.8%. In Asia, Japan’s Nikkei closed up nearly 0.3%. South Korea’s Kospi picked up 0.2%, while Hong Kong’s Hang Seng was nearly unchanged. The Shanghai Composite also added less than 0.1%. U.S. shares are set for gains with Dow futures up 0.2% and S&P futures up 0.3%.


LONDON (AP) – British Prime Minister Boris Johnson is expected to push for a vote on his European Union divorce deal as Parliament prepares for a week of guerrilla warfare over Brexit. According to Johnson’s office, he plans to kick things off today by asking for a “straight up-and-down vote” on the EU divorce agreement, two days after lawmakers voted to delay approving the deal. House of Commons Speaker John Bercow could refuse to allow such a vote based on parliamentary rules.


CARLSBAD, Calif. (AP) – A pioneer in marketing CBD as a health product has pleaded guilty to selling large quantities of synthetic marijuana which was secretly added to vapes, sickening dozens. Janell Thompson helped popularize CBD, the cannabis extract that isn’t supposed to get users high. Products from a California company she co-founded were in Oscar nominee gift bags in 2014. Federal prosecutors say that’s also around when Thompson started selling synthetic marijuana, known as spice or K2. She declined comment.


TOKYO (AP) – Japan’s exports have fallen for a 10th straight month amid weak demand in China, South Korea and other major markets. The data for September reported Monday showed a deepening impact from trade tensions between the U.S. and China and between Tokyo and neighboring Seoul. The Finance Ministry said the trade deficit in September totaled $1.1 billion, a third consecutive month of red ink.


KYIV, Ukraine (AP) – Ukrainian officials are lashing out at a parody song targeting the country’s former central bank chief. Several Ukrainian officials and prominent politicians are publicly condemning the song that makes fun of a recent arson attack on the home of Valeria Gontareva. Gontareva’s house in Kyiv was firebombed last month in an attack that many said was retribution over leadership in nationalizing PrivatBank from its oligarch owner Ihor Kolomoisky. Last month, Gontareva was hit by a car in London, where she now lives.


AP-WF-10-21-19 1053GMT