Futures higher … Crude rises … Chinese scandal
TOKYO (AP) – Global shares were mixed today as Asian markets took a hit from the abrupt departure of U.S. Secretary of State Rex Tillerson. U.S. shares are set to drift higher, with Dow futures up 0.3 percent and S&P 500 futures also 0.3 percent higher.
NEW YORK (AP) – Benchmark U.S. crude added 29 cents to $61.00 a barrel in electronic trading on the New York Mercantile Exchange. It slumped 65 cents to $60.71 a barrel overnight. Brent crude advanced 20 cents to $64.84 per barrel. The dollar fell to 106.53 yen from 106.58 yen late Tuesday.
BEIJING (AP) – China’s securities regulator says it’s fined a company a record 5.5 billion yuan ($870 million) for manipulating share prices. It’s the latest scandal to roil the country’s turbulent markets.
BRUSSELS (AP) – The European Union’s trade chief is questioning the rationale of President Donald Trump in threatening to impose tariffs on EU exports of steel and aluminum. Trade Commissioner Cecilia Malmstrom says Trump’s move is undermining longstanding trans-Atlantic ties.
PARIS (AP) – The French Finance Minister says he will take legal action against Google and Apple for abusive business practices. Speaking on RTL radio, Bruno Le Maire (mayr) accused Google and Apple of imposing tariffs on developers wishing to sell their apps to the internet giants.