Financial News

Virginia (Williams) Sexton
November 19, 2018
AP-NC Newswatch
November 20, 2018
Financial News





Stocks fall…May, Parliament in Brexit battle…Coal deaths report


BEIJING (AP) – Global stocks slid Tuesday after tech losses dragged down Wall Street and Nissan’s chairman was arrested on financial charges. Futures point to a lower Wall Street opening today. Benchmark U.S. crude oil dropped below $57 per barrel. The dollar was down against the yen and the euro.


LONDON (AP) – British Prime Minister Theresa May’s parliamentary allies are warning they could remove support from her minority government if she does not alter her Brexit deal with the European Union. Northern Ireland’s Democratic Unionist Party struck a deal last year to back May’s Conservatives on major legislation. But the Protestant, pro-U.K. party opposes the Brexit deal’s plans for keeping the border between Northern Ireland and Ireland open after Brexit.


BERLIN (AP) – Environmental groups say 10 utility companies are responsible for the majority of premature deaths caused by emissions from coal-fired power plants in Europe. In a report published Tuesday, five campaign groups, including Greenpeace, blame the companies for 7,600 premature deaths and millions of work days lost across Europe in 2016. The emissions from German utility company RWE are said to be responsible for the highest number of premature deaths, mostly from tiny particles known as PM2.5.


NEW YORK (AP) – When tech giants like Amazon expand, other companies don’t just worry about losing business. They also fret about hanging on to their employees. Some of the industries that have defined New York City and the Washington, D.C., area will face increased competition for talent when Amazon sets up shop in their territory, with plans to hire 50,000 new workers amid the tightest job market in decades. The expansion comes at time of fierce demand for computer programmers, mobile app developers, data scientists and cybersecurity experts.


MANILA, Philippines (AP) – Chinese President Xi Jinping received a red-carpet welcome in the Philippines on Tuesday, as he paid his first visit to the U.S. treaty ally with offers of infrastructure loans and new accords to prevent clashes and possibly explore for oil and gas in the disputed South China Sea. Xi was met by top officials as a military brass band played in Manila, the last stop in a three-nation swing through Asia in a rivalry for influence with the United States.



AP-WF-11-20-18 1136GMT