World shares advance...May to meet UK opposition leader for Brexit compromise talks...Survey: Services help shore up eurozone economy
SINGAPORE (AP) — Global markets are mostly higher today ahead of the resumption of trade talks between the U.S. and China in Washington. In early trading, France’s CAC 40 added 0.8 percent and Germany’s DAX climbed 1.4 percent. Britain’s FTSE 100 was 0.2 percent higher. In Asian markets, the Nikkei advanced 1 percent and South Korea’s Kospi added 1.2 percent. The Shanghai Composite index jumped 1.2 percent and the Hang Seng also rebounded 1.2. Dow and S&P futures suggest a higher opening on Wall Street today.
LONDON (AP) — Prime Minister Theresa May and the leader of the main opposition party are due to meet for talks on ending the impasse over Britain’s departure from the European Union — a surprise about-face that left pro-Brexit members of May’s Conservative Party howling with outrage. Brexit Secretary Stephen Barclay says the government isn’t setting preconditions for the talks with Labour Party leader Jeremy Corbyn, but was also not offering a “blank check.”
LONDON (AP) — A closely monitored survey shows that the 19-country eurozone ended the first quarter of the year on a sluggish but positive note, largely because a resilient performance by the services sector helped offset a downturn in manufacturing. Financial information company IHS Markit says its eurozone composite purchasing managers index — a broad gauge of economic activity — fell to 51.6 in March from 51.9 the month before.
PARIS (AP) — The board of carmaker Renault is meeting to settle ex-chairman and CEO Carlos Ghosn’s (gohnz) final paycheck — and wrap up its investigation into possible financial wrongdoing under his leadership. Today’s meeting at Renault’s headquarters in a Paris suburb comes after new reports of suspicious payments to a Renault-Nissan distributor in Oman under Ghosn’s watch.
SEOUL, South Korea (AP) — Officials say a South Korean ship is being held in port over suspicions it illegally provided oil to heavily sanctioned North Korea. A coast guard official says the P-PIONEER has been prevented from leaving Busan port since October over allegations it was used to supply oil to North Korea through two ship-to-ship transfers in 2017. Prosecutors are weighing charges against the captain and management company.