World stocks are down ... Payments processor Vantiv buys rival WorldPay ... Belgium says Dutch found tainted eggs in November
BEIJING (AP) — Global stock prices are sliding today after President Donald Trump and North Korea traded threats over the North’s nuclear program. In early trading, France’s CAC 40, Germany’s DAX and London’s FTSE 100 are down. Tokyo’s Nikkei 225, Seoul’s Kospi, and the Shanghai Composite Index closed down. Hong Kong’s Hang Seng also dropped. On Wall Street, S&P and Dow futures are down.
LONDON (AP) — Payments processor Vantiv has agreed to buy British rival WorldPay in a $10.4 billion deal that will create a giant in the sector. The takeover will combine Vantiv’s U.S.-focused business with WorldPay’s operations around the world. The combined group will process about $1.5 trillion of payments through over 300 payment methods in 146 countries. Vantiv is based in Cincinnati, Ohio.
BRUSSELS (AP) — Belgium’s agriculture minister says Dutch authorities knew in November that eggs in the Netherlands were contaminated with an insecticide and failed to notify their European partners. Dozens of producers in Belgium and the Netherlands are being investigated for eggs containing Fipronil, which is dangerous to human health. Belgium signaled on July 20 that it had found contamination.
DUBAI, United Arab Emirates (AP) — OPEC says a technical committee secured commitments from four oil producing countries to work to bring their production in line with previously agreed output targets. The organization said in a statement late Tuesday that the United Arab Emirates, Iraq, Kazakhstan and Malaysia agreed to fully cooperate with committees charged with monitoring adherence to production targets with the aim of reaching “full conformity.”
WASHINGTON (AP) — The U.S. Postal Service is looking for more freedom to raise prices on mailing letters as it faces more competition. Following a 10-year review, the Postal Regulatory Commission appears likely to move to grant the Postal Service power to increase stamp costs beyond the rate of inflation, marking the biggest change in its pricing system in nearly a half-century. A decision is expected next month.