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November 11, 2019
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World markets down … Kaiser Permanente CEO dies at 60 … After push from Perry, backers got huge gas deal in Ukraine

 

BANGKOK (AP) – Shares declined on world markets today as investors awaited developments in the China-U.S. trade war saga after President Donald Trump said Washington had not agreed to gradually roll back tariffs as negotiations progress. In early trading, Britain’s FTSE fell 0.6%, France’s CAC 40 was flat, Germany’s DAX shed 0.2%. In Asia, Hong Kong’s Hang Seng closed down 2.6%, the Shanghai Composite index declined 1.8%, Japan’s Nikkei lost 0.3%, South Korea’s Kospi dropped 0.6%. Wall Street looks set for losses with Dow and S&P futures are both down 0.3%.

 

UNDATED (AP) – The CEO of health care provider Kaiser Permanente has died unexpectedly at the age of 60. Bernard J. Tyson was the first African American to head Kaiser Permanente as CEO when he took that position in 2013 after filling a number of roles over three decades at the company. Kaiser Permanente says it grew under Tyson’s leadership from 9.1 million members and 174,000 employees to 12.3 million members and 218,000 employees. Executive Vice President Gregory Adams will serve as interim chairman and CEO.

 

KYIV, Ukraine (AP) – Two political supporters of Energy Secretary Rick Perry secured a potentially lucrative oil-and-gas exploration deal from the Ukrainian government soon after Perry proposed one of the men as an adviser to the country’s new president. A spokeswoman for Perry denies he advocated for the business interests of any individual or company during his meetings with Ukraine’s leaders.

 

BRUSSELS (AP) – The European Union is extending sanctions against Venezuela for a year because of the political and economic crisis that it blames on the government of President Nicolas Maduro. EU foreign ministers decided at a meeting today to prolong an arms embargo and ban on equipment sales that could be used against demonstrators until Nov. 14, 2020. They’ve also extended an asset freeze and travel bans against 25 Venezuelan officials.

 

LONDON (AP) – Official figures show that the British economy avoided falling into recession in the third quarter of the year. The Office for National Statistics says the economy grew by a quarterly rate of 0.3%. That’s in line with market expectations. Following the 0.2% contraction in the second quarter, there had been fears that the British economy would fall into recession – commonly defined as two consecutive quarters of negative growth.

 

 

AP-WF-11-11-19 1141GMT