Financial News

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November 21, 2018
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November 23, 2018
Financial News





Markets mixed…Black Friday shopping lures…Samsung sorry


SINGAPORE (AP) – World markets were mixed Friday ahead of a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, who will attempt to soothe a trade dispute that shows no signs of abating. Futures point to a lower Wall Street opening. Benchmark U.S. crude oil lost more than a dollar and was under $53.50 per barrel. The dollar fell agains the yen and gained against the euro.


NEW YORK (AP) – Retailers are offering new ways for shoppers to get Black Friday deals online and in the store easier and faster in the age of instant gratification. Walmart introduced a digital map on its mobile app to make it easier for shoppers to find an item’s exact location in the store. Kohl’s has a new feature on its mobile app that lets customers take photos of products and find similar items at the department store. And customers, frustrated with long checkout lines, can check out at Walmart and other stores with a salesperson right on the spot.


SEOUL, South Korea (AP) – Samsung Electronics apologized Friday for illnesses and deaths of some of its workers, saying it failed to create a safe working environment at its computer chip and display factories. The announcement by the South Korean technology giant came weeks after the company and a group representing ailing Samsung workers agreed to accept compensation terms suggested by a mediator and end a highly-publicized standoff that went on for more than a decade. The company’s apology was part of the settlement.


BEIJING (AP) – The founders of Dolce&Gabbana have apologized in a video on Chinese social media after promotional videos seen as racist and subsequent Instagram messages stoked a furor in one of the world’s largest markets for luxury goods. The Italian fashion house has been in hot water for the videos and also insulting remarks made by the Instagram accounts of both the company and co-founder Stefano Gabbana. It blamed hackers. The videos and the Instagram comments created a huge backlash in China, forcing Dolce&Gabbana to cancel a major show this week.


LONDON (AP) – European Union diplomats are meeting to finalize the draft divorce agreement between Britain and the bloc, amid a warning from Spain that it will oppose the deal if it isn’t guaranteed a say over the future of Gibraltar. Spanish Prime Minister Pedro Sanchez tweeted that Britain and Spain “remain far away” on the issue and “if there are no changes, we will veto Brexit.” Spain wants the future of the tiny British territory at the tip of the Iberian Peninsula to be a bilateral issue between Madrid and London.



AP-WF-11-23-18 1135GMT