BC-Business News Preview
Among the stories Friday from The Associated Press:
THE DEBT THREAT — Concerns are building from Washington to Wall Street about the trillions of dollars in debt that U.S. businesses have racked up, particularly companies with relatively weak finances. By Stan Choe. UPCOMING: 1,100 words by 11 a.m., photos, graphics.
CHINA-CANADA-DETENTIONS — By detaining Canadians in an apparent act of retribution, China is looking like the country its toughest critics have said it is: A regime unbound by the rules governing major industrialized economies. Canada arrested a Chinese executive at America’s request but gave her a public hearing and released her on bail. Beijing apparently lashed back by arresting two Canadians - and has kept their whereabouts secret and the charges vague. China’s tactics could backfire. The U.S. and other major economies are reassessing Beijing’s place in the global economic system. By Paul Wiseman. UPCOMING: 850 words.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks are following global market indexes lower after some weak economic reports from China. SENT: 140 words, photos. UPCOMING: Will be updated through 5 p.m.
INDUSTRIAL PRODUCTION — U.S. industrial production climbed 0.6 percent on surging output at mines and utilities. But manufacturing production was flat. By Paul Wiseman. SENT: 110 words.
RETAIL SALES — U.S. retail sales increased a slight 0.2% in November, as strong sales tied to holiday shopping were offset by lower gasoline prices. By Josh Boak. SENT: 420 words, photos.
CHINA-US-TRADE — China announces a 90-day suspension of tariff hikes on $126 billion of U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. By Joe McDonald. SENT: 460 words, photos.
VOLKSWAGEN — Volkswagen, which last year vied for the title of world’s largest carmaker, says it is on track to beat that performance with a new annual sales record — despite trouble getting vehicles certified for new European emissions tests. By David McHugh. SENT: 270 words, photos.
TECHNOLOGY & MEDIA:
SPAIN-SHAKIRA — Spanish prosecutors are charging pop music star Shakira with tax evasion, alleging she failed to pay more than 14.5 million euros ($16.3 million) between 2012 and 2014. SENT: 270 words, photos.
NERDWALLET-LIVE CHECKS — Everyone can use extra cash for the holidays, but be cautious if that cash comes unsolicited in the mail. “Live checks” are actually personal loans, often with high interest rates and multiyear terms. Understand the costs and risks of live checks before you cash in. By NerdWallet columnist Steven Nicastro. UPCOMING: 780 words by 11 a.m., photo.
BREXIT — European Union leaders expressed deep doubts Friday that British Prime Minister Theresa May can live up to her side of their Brexit agreement and they vowed to step up preparations for a potentially-catastrophic “no-deal” scenario. By Lorne Cook and Jill Lawless. SENT: 690 words, photos.
CLIMATE — Bleary-eyed and pale after almost two weeks of negotiations, officials from almost 200 countries gathered Friday to discuss the first comprehensive draft agreement to emerge at the U.N. climate talks in Poland, mindful that the clock was ticking to reach a deal. By Frank Jordans. SENT: 800 words, photos.