Financial News

AP Sports
May 25, 2018
AP-NC Newswatch
May 29, 2018
Financial News




Markets dip…Training day at Starbucks…Ivanka trademarks


SEOUL, South Korea (AP) – Global stock markets are lower today with European markets opening with a second day of losses as investor confidence was sapped by political uncertainty in Italy. Futures point to a lower opening on Wall Street after a holiday closing. Benchmark U.S. crude plunged nearly $1.50, or 2.1 percent, to drop below $66.50 per barrel. The dollar fell against the yen and gained against the euro.


UNDATED (AP) – Starbucks will close more than 8,000 stores nationwide on Tuesday to conduct anti-bias training, the next of many steps the company is taking to try to restore its tarnished image as a hangout where all are welcome. After the arrests of two black men in Philadelphia last month at one of its stores, the coffee chain’s leaders apologized and met with the two men, but also reached out to activists and experts in bias training to put together a curriculum for its 175,000 workers.


SHANGHAI (AP) – The Associated Press has found that Ivanka Trump’s brand continues to win foreign trademarks in China and the Philippines, adding to questions about conflicts of interest at the White House. On Sunday, China granted the first daughter’s company final approval for its 13th trademark and provisional approval for eight more. Taken together, the trademarks could allow her brand to market a lifetime’s worth of products in China, from baby blankets to coffins, and a host of things in between. Some are troubled by her refusal to divest.


MILAN (AP) – Italy’s central bank governor says that “the destiny of Italy is that of Europe,” as a political uncertainty threatens to drag the eurozone’s No. 3 economy into a new crisis. Ignazio Visco’s annual address on the state of the Italian economy came as a new premier-designate of what would be a non-political government of technocrats was preparing to present his Cabinet list to Italy’s president. Populist parties, meanwhile, are enraged that their attempts at forming a government foundered on their choice of an anti-euro economy minister.


MEXICO CITY (AP) – Canada’s Pan American Silver Corp. said it is cutting back operations at its mine in northern Mexico due to safety concerns, the latest in a series of major businesses that have been frightened off by unsafe conditions in Mexico. Company President Michael Steinmann said employees have had security incidents on roads leading to the mine in a remote part of Chihuahua state, a region plagued by drug cartels. Over the weekend, workers were holed up at the mine, afraid to leave because of threats by armed groups and some employees were evacuated on private planes.



AP-WF-05-29-18 1035GMT