Markets mixed...China trade slows...Climate talks
May. 08, 2017
TOKYO (AP) — International stock markets are mixed after Emmanuel Macron, a centrist would-be reformer and supporter of the European Union, triumphed over far-right leader Marine Le Pen in the French presidential election. Futures point to a lower Wall Street opening. The dollar gained against the yen and weakened against the euro. Benchmark U.S. crude oil rose but remains below $46.50 a barrel.
HONG KONG (AP) — China's exports expanded at a slower pace in April while import growth also decelerated as demand cooled both at home and overseas, according to data released Monday. Exports rose to $180 billion last month, up 8 percent from a year earlier, according to Chinese customs data. They grew 16.4 percent in March. Imports rose 11.9 percent to $142 billion, slowing from 20.4 percent growth the previous month. Economists said the latest numbers indicate slowing trade momentum.
BERLIN (AP) — Officials from around the world are holding U.N. climate talks this week amid uncertainty over whether the United States will pull out of a global emissions-cutting deal. The talks in Bonn, Germany, will hammer out details for how countries should implement the 2015 Paris climate accord. The negotiations due to last until May 18 will also prepare for the annual climate change summit in November.
THE HAGUE, Netherlands (AP) — Dutch industrial paints and chemicals company AkzoNobel has rejected a third unsolicited takeover bid from American rival PPG Industries, saying it is not in the interests of shareholders. In a statement, AkzoNobel says its plan, announced last month, to spin off its Specialty Chemicals unit within 12 months to boost growth "offers a superior route to growth and long-term value creation and is in the best interests of shareholders and all other stakeholders." AkzoNobel announced the shakeup after rejecting two earlier PPG bids.
UNDATED (AP) — Telecommunications company Sinclair Broadcast Group is close to an agreement to buy rival TV station operator Tribune Media. The New York Times reports talks were continuing Sunday and a deal may be announced today. The newspaper is citing unnamed officials who they say were briefed on the matter.