Financial News

Martha Ann Miller
October 12, 2021
AP-NC Newswatch
October 13, 2021
Financial News

 

Financial News:

 

World shares mixed…30 countries talk cybersecurity

 

UNDATED (AP) – World shares are mixed as investors wait for the release of U.S. inflation data and upcoming corporate earnings. In early trading, Germany’s DAX gained 0.3%, while the CAC 40 in Paris slipped 0.2%. Britain’s FTSE 100 lost 0.4%. In Asian trading, the Shanghai Composite index jumped 0.4% and Seoul’s Kospi gained 1%. Tokyo’s Nikkei 225 index fell 0.3%. Wall Street is expected to open higher, with Dow and S&P 500 futures both 0.1% higher.

 

WASHINGTON (AP) – Representatives from 30 countries, including the U.S., are sitting down today to talk cybersecurity, amid an epidemic of ransomware attacks. It’s a two-day meeting that’s aimed at developing new strategies to counter the cybersecurity threat. But one key player, Russia, is being left out of those meetings. Unwittingly or not, Russia has hosted many of the criminal syndicates behind ransomware attacks around the world.

 

WASHINGTON (AP) – White House officials say they’ve helped broker an agreement for the Port of Los Angeles to become a 24-hour, seven-days-a-week operation. This is an effort to relieve supply chain bottlenecks and move the stranded container ships that are driving prices higher for U.S. consumers. The officials insisted on anonymity to discuss the agreement before a speech this afternoon by President Joe Biden about supply chain issues that have hampered the economic recovery from the coronavirus pandemic. Ports in Los Angeles and Long Beach, California, account for 40% of all shipping containers entering the U.S.

 

BEIJING (AP) – BEIJING (AP) – Customs data show that China’s imports slowed while exports accelerated in September, pushing the trade surplus higher on sustained demand in the U.S. and Asia. Exports rose 28.1% to $305.7 billion. That was faster than the 26% increase logged in August. Imports rose 17.6% to $240 billion, slowing from a 33% jump the month before.

 

SAN FRANCISCO (AP) – Walgreens says it will close five more stores in San Francisco next month because of organized retail theft. The drugstore chain has closed at least 10 stores in the city since the start of 2019. San Francisco is fighting an embarrassing reputation for brazen shoplifting. This summer, masked shoplifters carried off armloads of designer handbags from a department store.