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Global shares mixed...Senate health care deal in doubt as Trump says he’s opposed...EU recommends not buying Kobe Steel products

October 18, 2017

TOKYO (AP) — Global shares are mixed today, as some indexes are getting a boost from overnight gains on Wall Street. Japan’s benchmark rose as expectations grew that a likely ruling party win in Sunday’s parliamentary elections will help stability and growth. The Shanghai Composite index climbed as China’s ruling communists began a congress that is due to give President Xi Jinping a second, five-year term. In early trading, markets in France, Britain and Germany are up. On Wall Street, Dow futures are up and S&P futures are little changed.

WASHINGTON (AP) — A bipartisan Senate deal to curb the growth of health insurance premiums is on shaky ground. President Donald Trump has reversed course and opposes the agreement and top congressional Republicans and conservatives are giving it a frosty reception. Tennessee GOP Sen. Lamar Alexander and Washington Democrat Patty Murray announced their accord after weeks of negotiations and five days after Trump said he was halting federal subsidies to insurers.

TOKYO (AP) — The European Union’s safety agency is recommending that companies suspend the purchase of products from Japan’s Kobe Steel. The announcement comes after Kobe Steel said it’s working to determine the full extent of faked inspections data for its products and that it would be cooperating with a U.S. Department of Justice investigation. Japanese news media have been reporting that the problems with fudging data began more than 30 years ago. The company says the problem might have begun up to a decade ago.

LONDON (AP) — Royal Dutch Shell is opening its first electric vehicle recharging points at three gas stations in Britain. It’s part of the oil giant’s efforts to respond to a global push toward zero-emission vehicles. Three charging stations are opening today at locations in London, Surrey and Derby, with seven more expected by the end of the year. It comes only days after Shell agreed to buy electric vehicle charging firm NewMotion.

KUALA LUMPUR, Malaysia (AP) — Malaysia Airlines outgoing CEO Peter Bellew says he decided to return to Ryanair as a form of national service because the Irish budget airline needed his help. He is the second CEO to quit the Malaysian flag carrier in less than two years. At Ryanair he’ll have to tackle a pilot shortage that caused numerous flight cancellations.

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