Financial News

November 28, 2018
AP-NC Newswatch
November 29, 2018
Financial News





Most global stocks higher … Indian police break up international computer virus scam … Germany investigates Amazon


BEIJING (AP) – Most global stock markets followed Wall Street higher today after Federal Reserve Chairman Jerome Powell suggested the pace of U.S. interest rate increases might slow. In early trading, Germany’s DAX gained 0.6 percent and London’s FTSE 100 advanced 0.5 percent. France’s CAC 40 gained 0.9 percent. In Asia today, Tokyo’s Nikkei closed up 0.4 percent, Seoul’s Kospi advanced 0.3 percent and the Shanghai Composite Index lost 1.3 percent. On Wall Street, futures for the S&P 500 and the Dow are up by 0.2 percent.


NEW DELHI (AP) – Police in India say they’ve arrested nearly two dozen people on suspicion of defrauding people around the world by sending fake pop-up messages warning them that their computers were infected with a virus and offering to fix the problem at a price. Police say those arrested Tuesday and Wednesday posed as representatives of Microsoft and other companies and used their logos.


TOKYO (AP) – Japanese prosecutors say they will detain former Nissan Motor chairman Carlos Ghosn (gohn) for as long as needed to finish their investigation into suspicions of financial irregularities. Ghosn and another Nissan executive, Greg Kelly, were arrested on Nov. 19. They are being held at a detention center in Tokyo.


BERLIN (AP) – Germany’s antitrust agency says it has begun an investigation of online retailer Amazon to over complaints it’s abusing its position to the detriment of sellers who use its “marketplace” platform. The Federal Cartel Office says that Amazon’s “double role as the largest retailer and largest marketplace has the potential to hinder other sellers on its platform.”


LONDON (AP) – British Prime Minister Theresa May refused today to rule out Britain leaving the European Union without a deal, after the Bank of England warned that such a scenario could plunge the country into its deepest recession in decades. Parliament is due to vote Dec. 11 on the divorce deal May’s government has struck with the EU, and lawmakers from all sides are vowing to reject it.



AP-WF-11-29-18 1136GMT