World markets mixed … Yuan allowed to drift low against the $$$ … Paramount TV Exec Fired
SINGAPORE (AP) – World markets are mixed today as deliberations over more U.S. tariffs on European countries and China weigh on sentiment. In early trading, Germany’s DAX is up 0.1 percent while France’s CAC 40 is down 0.1 percent. Britain’s FTSE 100 has gained 0.2 percent. In Asian markets, Japan’s Nikkei closed down 0.3 percent while South Korea’s Kospi added 0.3 percent. Wall Street is expected to open slightly lower, with Dow futures down 0.1 percent and S&P 500 futures down less than 0.1 percent.
LOS ANGELES (AP) – Paramount has fired the head of its television division for making inappropriate statements that drew complaints from employees. Paramount Pictures CEO Jim Gianopulos wrote in a memo Thursday that Amy Powell has been fired for making statements that were “inconsistent with company values.” The memo did not elaborate on the nature of the statements or where they were made, beyond stating they were said in a “professional setting.”
LOS ANGELES (AP) – The Crystal Geyser bottled water company in California has been charged with illegally disposing of arsenic-tainted wastewater. Federal prosecutors say two companies that transported and dumped the toxic waste are also being charged. Prosecutors say the companies did not disclose the contents on shipping manifests and the material was taken to a facility not permitted to treat hazardous waste.
BEIJING (AP) – China’s central bank is allowing its tightly controlled yuan to drift lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but raises the risk of reigniting an outflow of capital Beijing spent months trying to stanch. Today, the yuan dipped to a 12-month low of 6.8 to the dollar, off by 7.6 percent since mid-February.
HELSINKI (AP) – The Nordic region’s largest telecoms group Telia says it has agreed to buy the broadcasting and streaming operations of Swedish publishing company Bonnier AB to gain a foothold in the television and entertainment business. Friday’s 9.2 billion kronor ($1 billion) deal to buy Bonnier Broadcasting includes Swedish TV4 channel, streaming service C More and Finnish MTV channel.