BC-Business News Preview
BC-Business News Preview
Aug. 20, 2018
Among the stories Monday from The Associated Press:
LONGEST BULL MARKET — Rising from the ashes of the financial crisis and fueled by low interest rates, the steady recovery of the U.S. economy and the rise of game-changing tech companies, the current bull market is set to become the longest ever on Wednesday. A look at how it achieved that honor, and where the market goes from here. By Bernard Condon. SENT: 1,220 words, photos, graphics.
GREECE BAILOUT-WHAT'S LEFT — For all the official pronouncements that Greece's eight-year crisis will be over as its third and last bailout program ends Monday, few Greeks see cause for celebration. The economy is once again growing modestly, state finances are improving, exports are up and unemployment is down from a ghastly 28 percent high. But one in five Greeks is still unemployed. By Nicholas Paphitis. SENT: 1,000 words, photos.
With: GREECE BAILOUT-TIMELINE
US-CHINA TARIFFS-PLEAS FROM US COMPANIES — Fishermen complain that their catch will be taxed upon return to the U.S. from processing in China. A Utah semiconductor company fears higher costs for materials it imports from China. Starting Monday, the Trump administration will receive a rush of pleas from companies that say they'd suffer if the administration proceeds with tariffs on an additional $200 billion in imported Chinese goods. They represent further examples of how the trade wars the Trump administration is engaged in pose threats to American individuals and companies. By Paul Wiseman. SENT: 990 words, photos.
VENEZUELA-ECONOMIC CRISIS — Venezuela begins to launch dramatic reforms announced by President Nicolas Maduro to rescue a downward-spiraling economy, including a new currency and a more-than-3,000 percent hike in the minimum wage. By Scott Smith. SENT: 800 words, photos.
ISRAEL-SODASTREAM — Beverage giant PepsiCo purchases Israel's fizzy drink maker SodaStream for $3.2 billion, a boon for a company that has enjoyed a resurgence after being targeted by anti-Israel boycotters in the past. SENT: 310 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening higher on Wall Street, following an upbeat finish last week, amid signs of progress in resolving the trade dispute between the U.S. and China. By Alex Veiga. SENT: 380 words. UPCOMING: 700 words by 5 p.m.
NABE-SURVEY OF ECONOMISTS — U.S. business economists are concerned about the risks of some of President Donald Trump's economic policies, saying they fear his tariffs and higher budget deficits could eventually slow the economy. By Josh Boak. SENT: 500 words.
SPORTS BETTING-COLLEGE INTEGRIY FEES — Concerned that expanded sports gambling will bring additional costs for ensuring their games are on the up-and-up, college athletic departments are looking for a way to get a piece of the action. SENT: 1,210 words, photos.
IRAN-FRANCE'S TOTAL — Iran's oil minister says that France's oil giant Total SA has officially pulled out of Iran after cancelling its $5 billion, 20-year agreement to develop the country's massive South Pars offshore natural gas field over renewed U.S. sanctions. By Nasser Karimi. SENT: 440 words, photos.
VENEZUELA-CONOCO SETTLEMENT — U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela's state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute. SENT: 130 words.
CHINA-MALAYSIA — Malaysia's leader says that he hoped China would sympathize with his country's fiscal problems as he met with the country's leaders after suspending multibillion-dollar construction projects financed by Chinese loans. By Christopher Bodeen. SENT: 800 words.