Financial News

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November 20, 2018
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November 21, 2018
Financial News





Markets gain…US says China hacking ticks up…10 more days for Ghosn


SINGAPORE (AP) – World markets were mostly higher on Wednesday after two days of broad losses by big technology companies, which dragged U.S. indexes into the red for the year. Futures point to opening gains on Wall Street. Oil prices rebounded. Benchmark U.S. crude oil added more than a dollar to just below $54.50 per barrel. The dollar rose against the yen and fell against the euro.


BEIJING (AP) – The U.S. government has accused Beijing of stepping up hacking attacks aimed at stealing American technology ahead of a meeting between Presidents Donald Trump and Xi Jinping on tariffs. Trade Representative Robert Lighthizer said in a report that Chinese hacking efforts aimed at stealing American trade secrets have “increased in frequency and sophistication” this year. The report reflects U.S. skepticism before the meeting, to be held during a gathering of the Group of 20 major economies in Buenos Aires.


TOKYO (AP) – Japanese media report Nissan Motor Co. chairman Carlos Ghosn will be detained for another 10 days following his arrest on suspicion of falsifying income reports by millions of dollars and misusing company assets for personal gain. Nissan’s board of directors is due to meet Thursday and decide if it will dismiss Ghosn and the company’s representative director, Greg Kelly. He was also arrested Monday on suspicion of collaborating in the wrongdoing.


UNDATED (AP) – Thanksgiving travelers got help from favorable weather in most of the U.S Tuesday, but flight delays piled up at airports around the country by day’s end. Wet and frigid forecasts threaten to made driving more challenging in the next day or two. The AAA auto club predicts that 54.3 million Americans will travel at least 50 miles from home between Wednesday and Sunday, the highest number since 2005 and about a 5 percent increase over last year. AAA says 48 million will drive and 4.7 million will fly.


UNDATED (AP) – Boeing Co. scrapped a conference call that it scheduled for Tuesday with airlines to discuss issues swirling around its newest plane, which has come under close scrutiny after a deadly crash in Indonesia. The company didn’t immediately give an explanation for canceling the call but later said it would instead hold a series of regional calls with airlines to allow more time for questions. The audience for the call was to include technical experts at airlines that fly the MAX.



AP-WF-11-21-18 1131GMT