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August 6, 2018
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August 6, 2018
Financial News

 

 

 

Mixed stocks…Singapore hack…German factory orders fall

 

BEIJING (AP) – Global stock markets were mixed Monday after the United States reported strong jobs numbers and China threatened a tariff hike. Wall Street futures were unchanged. Benchmark U.S. crude oil rose to just below $69 per barrel. The dollar declined against the yen and edged up against the euro.

 

SINGAPORE (AP) – A cyberattack that breached 1.5 million health records in Singapore has been attributed to sophisticated attackers who may be state-linked. A Cabinet minister said in Parliament Monday that the government’s detailed analysis of last month’s cyberattack on SingHealth records found it was the work of an “advanced persistent threat” group. Citing national security reasons, the minister said he would not reveal which state was thought to be behind the attack.

 

BERLIN (AP) – Official data show that factory orders in Germany dropped a steep 4 percent in June compared with the previous month, led lower by a drop in demand from outside the eurozone. The figure released Monday by the Economy Ministry compared with a gain of 2.6 percent the previous month. The ministry said that orders in the second quarter were down 1.6 percent overall compared with the previous quarter, largely because of lower demand for investment goods such as factory machinery.

 

TOKYO (AP) – Japanese technology company SoftBank says its net profit soared more than 50-fold from a year earlier to 313.7 billion yen ($2.8 billion) in the latest quarter thanks to gains in its main investment fund. Sales in the April-June quarter edged up 4 percent to 2.3 trillion yen. Sales were flat at SoftBank’s U.S. mobile provider Sprint, dropping 0.4 percent to $8.1 billion.

 

NEW YORK (AP) – Hundreds of thousands of garment workers once toiled in the sweaty, elbow-to-elbow workshops of midtown Manhattan before the whirring of sewing machines was mostly silenced by foreign competition. But a group of manufacturers, landlords, designers and politicians has a plan to preserve a remnant of the garment industry in a neighborhood where about 5,000 people are still employed in workshops mostly serving higher-end designers.

 

 

AP-WF-08-06-18 1032GMT