BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening slightly lower on Wall Street as banks and materials companies move lower. SENT: 480 words, photos. UPCOMING: 700 words by 5 p.m.
IMF-WORLD ECONOMY — The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. By Paul Wiseman. SENT: 350 words, linked photos.
CHINA-SINKING YUAN — China promises not to weaken its currency to boost exports during a tariff fight with Washington and rejected U.S. concern about the yuan’s sagging exchange rate as groundless and irresponsible. By Joe McDonald. SENT: 500 words, photos.
JAPAN-SPACE X BILLIONAIRE — The Japanese online retail tycoon who plans to travel to the moon on the SpaceX rocket says he respects and trusts Elon Musk as a fellow entrepreneur, despite his recent troubles. “Twitter can get you into trouble,” Yusaku Maezawa, chief executive of Zozo Inc., said Tuesday at the Foreign Correspondents’ Club in Tokyo. “And that can be said of Elon Musk, too.” By Yuri Kageyama. Sent: 630 words, photos.
TRUMP-ETHANOL — The Trump administration is moving to allow year-round sales of gasoline with higher blends of ethanol, a boon for Iowa and other farm states that have pushed for greater sales of the corn-based fuel. By Matthew Daly. SENT: 670 words, photos.
CONGRESS-FOREIGN LOBBYING — A push to give the Justice Department more enforcement authority over the lucrative and at times shadowy world of foreign lobbying is stalled amid opposition from pro-business groups, nonprofits and privacy advocates. By Richard Lardner. SENT: 1,200 words, photo.
NBA DIVERSITY-FRONT OFFICES — Job opportunity? Next step for NBA to improve its good marks in diversity is by hiring women in positions of power. By Teresa M. Walker. SENT: 890 words, photos.
TECHNOLOGY & MEDIA:
GOOGLE-SHOWCASE — Google is expected to introduce two new smartphones Tuesday, part of its continuing push to embed its digital services and Android software more deeply into peoples’ lives. SENT: 420 words, photos. UPCOMING: Will be updated from event.
INDIA-EDITOR ARRESTED — A court in southern India released the chief editor of a prominent investigative magazine on Tuesday, hours after police arrested him on charges of publishing material that defamed the state governor. By Aijaz Hussain. SENT: 370 words.
BULGARIA-JOURNALIST KILLED — Bulgarian national radio reports that a suspect has been arrested in connection with the slaying of television reporter Viktoria Marinova, whose body was found dumped after she highlighted possible government corruption. By Teodora Barzakova. SENT: 560 words, photos.
NERDWALLET-TRAVEL DEBT-FREE — It’s possible to travel in your 20s without taking on credit card debt. Make it happen by planning, minimizing costs, using your credit card rewards and working on the road. UPCOMING: 800 words by 11 a.m.
GERMANY-ECONOMY — German exports dropped in August over the previous month for the second month in a row in the latest disappointing news about Europe’s largest economy. SENT: 130 words.
BREXIT — German’s main industry association says political leaders need to make a major breakthrough at upcoming negotiations on ending Britain’s membership in the European Union. SENT: 120 words, photo.
BRITAIN-ECONOMY — The Bank of England has warned the European Union it is running short on time to mitigate disruption in trillions worth of complex financial contracts in the event Britain leaves the 28-nation bloc without a deal. SENT: 130 words.
MALAYSIA-ECONOMY — Malaysian Finance Minister Lim Guan Eng says the government plans to introduce new tax measures to help raise funds to pay off national debt that has snowballed due to corruption under the previous government. SENT: 520 words, photos.
FRANCE-UZBEKISTAN — Uzbekistan’s president has made his first trip to a European Union country, meeting with French leader Emmanuel Macron in Paris. SENT: 130 words, photos.
TURKEY-INFLATION — Turkey’s finance minister says several private sector firms have agreed to reduce their prices to support the government’s effort to bring down painfully high inflation. SENT: 130 words, photo.
NETHERLANDS-CLIMATE CHANGE — A Dutch appeals court upholds a landmark ruling that ordered the Dutch government to cut the country’s greenhouse gas emissions by at least 25 percent by 2020 from benchmark 1990 levels. By Mike Corder. SENT: 600 words, photos.
ALBANIA-CASINOS — Albania’s government says it will relocate all casinos and betting shops out of residential areas to curb their spread, especially in the capital Tirana. SENT: 130 words.
INDIA-PLANT FIRE — Nine people have died in a fiery explosion at a steel plant in central India. SENT: 140 words.