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Global markets mostly higher ... Twitter on the Hill ... China orders North Korean business closed under UN sanctions

September 28, 2017

SEOUL, South Korea (AP) — Global stock markets were mostly higher today as investors tried to gauge the impact of the sweeping tax reform plan unveiled by U.S. President Donald Trump, while geopolitical tensions surrounding North Korea kept risk sentiment in check. Britain’s FTSE 100 is flat in early trading, France’s CAC 40 has added 0.2 percent and Germany’s DAX is up 0.3 percent. Asian markets were mixed, with Japan’s Nikkei finishing up, Hong Kong’s Hang Seng index slipping and South Korea’s Kospi finishing flat. Dow and S&P futures suggest a lower opening for both.

WASHINGTON (AP) — Social media giant Twitter will visit Capitol Hill today as part of the House and Senate investigations into Russian interference in the 2016 elections. Twitter’s closed-door meetings with staff follow similar briefings from Facebook earlier this month, and the House and Senate panels have invited both tech giants, along with Google, to appear at public hearings.

BEIJING (AP) — Chinese news reports say the government has ordered most North Korean-owned businesses and ventures with Chinese partners to close under U.N. sanctions imposed over the North’s nuclear and missile programs. A Ministry of Commerce order quoted by multiple news outlets says businesses owned by North Korean companies or individuals must close within 120 days of the Sept. 11 approval of the latest sanctions. China is North Korea’s main trading partner.

TOKYO (AP) — Toshiba and a consortium led by Bain Capital Private Equity have signed a deal for the sale of the Japanese electronics company’s computer memory chip business, a move long opposed by Toshiba’s U.S. joint venture partner Western Digital. The consortium includes Apple Inc. and Dell Technologies Capital as U.S. investors, who will not acquire common stock or voting rights over the business. The sale of Toshiba Memory Corp. is priced at 2 trillion yen ($18 billion).

LONDON (AP) — Ryanair says it will meet with Britain’s Civil Aviation Authority after the agency threatened to take enforcement action against the budget carrier for what it described as persistently misleading passengers about flight cancelations. The airline says it will “fully comply” with whatever requirements the CAA imposes. The CAA warning issued Wednesday came after Ryanair scrapped 18,000 more flights in a second round of cancelations after the airline “messed up” the scheduling of pilot vacations.

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