Global stocks higher ... May’s anticipated marathon session ... Singapore Airlines grounds Boeing 787-10
BEIJING (AP) — Global stock prices followed Wall Street higher today on encouraging economic data despite uncertainty over Britain’s departure from the European Union. Benchmarks in London, Frankfurt, Shanghai and Hong Kong gained while Tokyo was flat. Oil prices rose again, adding to Monday’s big gains. Wall Street is expected to start the day in positive territory, with S&P and Dow futures each up 0.1 percent.
BRUSSELS (AP) — British Prime Minister Theresa May is set for a marathon session with her Cabinet as the government tries to find a way out of the Brexit crisis, after lawmakers again rejected all alternatives to her European Union withdrawal agreement. The Cabinet is scheduled to meet for five hours today amid calls for compromise to prevent a potentially devastating no-deal exit in just 10 days.
SINGAPORE (AP) — Singapore Airlines says it has grounded two of its Boeing 787-10 aircraft due to engine issues. The carrier says “premature blade deterioration was found on some engines” of its 787-10 fleet at recent routine inspections. The carrier says it will operate other aircraft on the affected routes to minimize disruption. Singapore Airlines says it’s consulting engine manufacturer Rolls-Royce and the relevant authorities for next steps and any precautionary measures.
GENEVA (AP) — The World Trade Organization has cut its forecast for trade growth this year by more than a percentage point, to 2.6%. It’s due to an economic slowdown and amid a trade conflict between the United States and China. The Geneva-based trade body expects an uptick in trade growth by volume to 3% next year.
PARIS (AP) — French carmaker Renault SA’s board is holding a special meeting to discuss the latest results of its internal investigation into ex-boss Carlos Ghosn (gohn), amid new reports about suspicious payments under his watch. A Renault official told The Associated Press that the board meeting today will also look into Ghosn’s 2018 pay as chairman and CEO of Renault. Ghosn was also chairman of Nissan and headed the two automakers’ alliance until his arrest in November in Japan.