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World shares broadly higher ... UK lawmakers hold new vote on Brexit deal ... Lyft begins trading on Nasdaq

March 29, 2019

SINGAPORE (AP) — World shares were broadly higher today as British lawmakers prepared to vote on a plan for leaving the European Union put forward by Prime Minister Theresa May. In early trading, Britain’s FTSE 100 gained 0.4 percent, France’s CAC 40 surged 0.7 percent and the DAX in Germany climbed 0.5 percent. Mainland Chinese markets led stocks higher in Asia, with the Shanghai Composite jumping 3.2 percent. Wall Street is poised for early gains with Dow and S&P futures each up 0.1 percent.

LONDON (AP) — On the day that Britain was originally scheduled to leave the European Union, lawmakers will vote today on what Prime Minister Theresa May’s government described as the “last chance to vote for Brexit.” The House of Commons is voting a third time on May’s twice-rejected European Union withdrawal agreement amid continuing opposition from hard-line Brexit supporters and Northern Ireland lawmakers. May promises to quit if lawmakers approve the deal and let Britain leave the EU in May.

SAN FRANCISCO (AP) — Lyft had little trouble getting investors to hop on board its increasingly popular ride-hailing service, as its initial public offering fetched a $72 per-share price that exceeded even its own expectations. The next big test comes this morning when the San Francisco company’s stock will begin trading on the Nasdaq exchange under the ticker symbol “LYFT.”

TOKYO (AP) — The man who headed Mt. Gox, a Japan-based bitcoin exchange that went bankrupt after a massive hacking, is appealing his conviction on charges of manipulating electronic data. Mark Karpeles was cleared earlier this month of embezzlement and breach of trust charges, and was handed a suspended sentence, meaning he wouldn’t have to serve jail time. But he was found guilty of the dubious data charges. Prosecutors had demanded 10 years in prison.

HARBEL, Liberia (AP) — Some 6,500 workers at Firestone’s rubber plantation in Liberia are bracing for job cuts after the American-owned company announced it would substantially reduce its workforce. The Firestone farm, the world’s single largest rubber plantation, has operated in the West African nation since 1926. It says the cuts are due to several constraints including a fall in the rubber price on the world market. The impending layoffs are a serious blow to Liberia.