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World markets lower ... Canadians ‘relieved’ over trade pact ... Toyota, SoftBank setting up mobility services joint venture

October 4, 2018

BANGKOK (AP) — European shares are following Asian markets lower today. In early trading, Germany’s DAX is down 0.3 percent while France’s CAC 40 is down 0.8 percent. Britain’s FTSE 100 has also tumbled 0.8 percent. India’s Sensex closed down 2.2 percent and Hong Kong’s Hang Seng index sank 1.7 percent. Japan’s Nikkei 225 index lost 0.6 percent while the Kospi in South Korea sank 1.5 percent. A likely dismal start for Wall Street as S&P futures are down 0.6 percent and Dow futures are down 0.5 percent.

TORONTO (AP) — Former Canadian Foreign Minister Peter MacKay says his country has “survived the 14 roller coaster months of a very unpredictable president” after reaching a freed trade deal with the Trump administration. Under the deal, Canada provides more access to its dairy sector and is possibly prevented from reaching a free trade deal with China. Canada also was not able to remove steel and aluminum tariffs. Yet, Canadians are still relieved.

BRUSSELS (AP) — Britain’s defense minister says a series of global cyberattacks blamed on Russia are the actions of a “pariah state” and that the U.K. and its NATO allies will expose such activities in the future. Defense Secretary Gavin Williamson says that “where Russia acts in an indiscriminate and reckless way, where they have done in terms of these cyberattacks, we will be exposing them.” Russia dismissed the new accusations as “fantasies.”

TOKYO (AP) —Japan’s No. 1 automaker Toyota Motor and technology giant SoftBank Group say they are setting up a joint venture to create mobility services. The companies say the joint venture, called Monet Technologies, will be running before the end of March. It will work on on-demand vehicle services, food delivery, data analysis and hospital shuttles with onboard medical exams.

COPENHAGEN, Denmark (AP) — Denmark’s largest bank says it is “in dialogue” with U.S. authorities regarding its Estonian branch after an internal report detailed a massive money laundering scandal involving its subsidiary in Estonia. Danske Bank says the U.S. Department of Justice had asked for information in connection with a criminal investigation relating to the Estonian branch. The probe follows reports that dirty money was flowing through the Baltic subsidiary, including from family members of Russian President Vladimir Putin.

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