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BC-Business News Digest

May 23, 2019

Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org .

TOP STORIES:

CHINA TRADE-BEIJING’S OPTIONS _ China has an array of options for retaliating for Washington’s latest tariff hike in the two countries’ escalating trade battle. Beijing could limit exports of rare earths or disrupt operations of American companies in China. But those steps all carry economic and political costs. And there is no guarantee they would work. By Joe McDonald and Michael Liedtke. SENT: 1,250 words, photos.

With:

US-CHINA-TRADE _ China held the door open to resuming talks in the tariff war with Washington on Thursday, but lashed out at limits on access to key technologies that it said might hurt global supply chains. By Christopher Bodeen. SENT: 700 words, photos. UPCOMING: Will be updated.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ Stocks tumble on Wall Street as investors’ anxiety over the U.S. trade spat with China increased and put the market on track for its third straight week of losses. By Damian J. Troise. SENT: 500 words, photos. UPCOMING: Will be updated through 5 p.m.

NEW HOME SALES _ Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers. By Josh Boak. SENT: 130 words, photo. UPCOMING: 350 words by 10:45 a.m.

MORTGAGE RATES _ Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.

INDUSTRY:

TESLA WOES _ Shares of Tesla open lower, but recovered into positive territory a day after an influential analyst questioned whether the company will become a restructuring story. SENT: 130 words.

DEUTSCHE BANK _ The CEO of Deutsche Bank says he is ready to make “tough cuts” to improve the struggling bank’s profitability and raise a “disappointing” share price as negative headlines continue to pursue Germany’s biggest bank. By David McHugh. SENT: 320 words, photos.

JAPAN-NISSAN-GHOSN _ Nissan’s former chairman, Carlos Ghosn, appeared in a Japanese courtroom Thursday for a hearing ahead of his trial on accusations of financial misconduct. By Yuri Kageyama. SENT: 340 words, photos.

GERMANY-DIESEL-BOSCH _ German prosecutors have fined auto components and technology company Robert Bosch GmbH 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015. SENT: 220 words, photo.

MEXICO-OIL _ A former executive at Mexico’s state-owned oil company who was sanctioned this week by the comptroller’s office has been identified as Pemex’s former director Emilio Lozoya by the head of the country’s financial intelligence unit. SENT: 130 words.

PERSONAL FINANCE:

NERDWALLET-STACK-CASH BACK _ Shopping with a rewards card can save you money, but combining it with other money moves can put even more back in your pocket. By using cash-back portals, opting in to email lists, browsing comparison sites and buying discounted gift cards, you can stack your overall savings. By Robin Saks Frankel of NerdWallet. UPCOMING: 810 words, photo by 11 a.m.

INTERNATIONAL:

EUROPE-ECONOMY _ Officials at the European Central Bank at their last meeting had grown more concerned about chances for a return to stronger economic growth in the second half of the year as they underlined their readiness to deploy more stimulus if needed. By David McHugh. SENT: 440 words, photo.

GAZA-PENNILESS GROOMS _ Hundreds of young Gaza men struggle with crippling debt after taking loans to pay for their weddings. By Fares Akram. SENT: 1,050 words, photos.

Business News Supervisor Richard Jacobsen (800-845-8450, ext. 1680). For photos (ext. 1900.) For graphics/interactives (ext. 7636.) For access to AP Newsroom and technical issues: customersupport@ap.org, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.

The digest for AP’s Money & Markets service can be found at markets.ap.org. For questions about M&M content, contact Greg Keller at (212) 621-7958.

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