SINGAPORE | World markets mixed on caution over costs from tariff hikes

SINGAPORE  | World markets mixed on caution over costs from tariff hikes

SINGAPORE — World markets were mixed on Wednesday as traders mulled the impact of tariffs on corporate America after big industrial companies admitted that they were facing rising costs.

KEEPING SCORE: The CAC 40 in France jumped 1 percent to 5,017.07 and Germany’s DAX added 0.4 percent to 11,318.25.

Britain’s FTSE 100 picked up 0.4 percent to 6,983.02. Wall Street looked set for a bleak open, though, with the contract for the S&P 500 down 0.6 percent and that for the Dow Jones Industrial Average off 0.5 percent.

Continue reading SINGAPORE | World markets mixed on caution over costs from tariff hikes at STL.News.

TOKYO  | Japan awaits ID confirmation of reporter freed from Syria

TOKYO  | Japan awaits ID confirmation of reporter freed from Syria

TOKYO  — Japan was anxiously awaiting confirmation Wednesday that a man freed from Syria is a freelance journalist kidnapped three years ago.

Prime Minister Shinzo Abe told reporters he was relieved by the news and is anxious to get the man’s identify confirmed. Chief Cabinet Secretary Yoshihide Suga has said the man is most likely Jumpei Yasuda and he is now in Turkey.

“I would like to get confirmation that he is Mr.

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BERLIN | German leader slams auto industry as court mulls diesel ban

BERLIN | German leader slams auto industry as court mulls diesel ban

BERLIN — German Chancellor Angela Merkel has called on the country’s auto industry to stop penny-pinching when it comes to fixing diesel cars with excessive emissions.

Merkel’s said late Tuesday that her government wants automakers to pay for hardware upgrades to cars affected by the diesel scandal .

Speaking at an election rally in Hesse state, Merkel said “it’s not acceptable that that the auto industry is paying a lot of money in America , but makes a huge fuss over a few hundred euros (dollars) here.”

Her comments came as a court in nearby Mainz considers Wednesday whether a ban on older diesel-powered cars is permissible to prevent air pollution.

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BEIJING  | Ford revamps China business, hires former Chery exec as CEO

BEIJING  | Ford revamps China business, hires former Chery exec as CEO

BEIJING  — Ford Motor Co. has revamped its Asian operations and made its China business a stand-alone unit, recruiting the head of local automaker Chery Automobile to be its new CEO.

The company said Wednesday that industry veteran Chen Anning will replace Jason Luo, who quit earlier this year, just months after taking over at Ford in China.

The company has been reorganizing after losing momentum as the Chinese market slows.

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SHANGHAI | Koepka makes debut at No. 1 and hopes to keep rolling

SHANGHAI | Koepka makes debut at No. 1 and hopes to keep rolling

SHANGHAI — Brooks Koepka is having the kind of year he only imagined in his dreams, and he’s not ready for it to end.

In June, he became the first player in 29 years to win back-to-back in the U.S. Open. In August, he played some his best golf amid ear-splitting cheers for Tiger Woods on the back nine at Bellerive to win the PGA Championship with a record score. In a span of 19 days in October, he was voted PGA Tour player of the year and won the CJ Cup in South Korea to reach No.

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FRANKFURT, Germany  | Deutsche Bank net profit falls 65 pct., to 229 million euros

FRANKFURT, Germany  | Deutsche Bank net profit falls 65 pct., to 229 million euros

FRANKFURT, Germany  — Deutsche Bank saw net profit fall 65 percent in the third quarter to 229 million euros ($262 million)as revenue from trading stocks and bonds fell.

But CEO Christian Sewing said the bank made progress cutting costs and would be profitable for the full year for the first time since 2014.

Net income was down from 649 million euros in the same quarter a year ago. The bank said in a statement Wednesday that income from fixed-income and stock trading fell 15 percent amid lower client activity.

Continue reading FRANKFURT, Germany  | Deutsche Bank net profit falls 65 pct., to 229 million euros at STL.News.

SINGAPORE  | Asian markets mixed as US businesses caution against tariffs

SINGAPORE  | Asian markets mixed as US businesses caution against tariffs

SINGAPORE  — Asian markets were mixed on Wednesday as traders mulled over the impact of tariffs on corporate America, after big industrial companies admitted that they were facing rising costs.

KEEPING SCORE: Japan’s Nikkei 225 index jumped 0.8 percent to 22,178.40 as a private survey suggested a recovery in manufacturing in October. The Shanghai Composite index, which closed more than 2 percent lower on Tuesday, jumped 0.6 percent to 2,609.79. Hong Kong’s Hang Seng index was flat at 25,347.78 and the Kospi in South Korea dropped 0.3 percent to 2,100.71.

Continue reading SINGAPORE  | Asian markets mixed as US businesses caution against tariffs at STL.News.

FRANKFURT, Germany | Deutsche Bank net profit falls to 229 million euros

FRANKFURT, Germany | Deutsche Bank net profit falls to 229 million euros

FRANKFURT, Germany  — Deutsche Bank saw net profit fall 65 percent in the third quarter to 229 million euros ($262 million)as revenue from trading stocks and bonds fell.

But CEO Christian Sewing said the bank made progress cutting costs and would be profitable for the full year for the first time since 2014.

Net income was down from 649 million euros in the same quarter a year ago. The bank said in a statement Wednesday that income from fixed-income and stock trading fell 15 percent amid lower client activity.

Continue reading FRANKFURT, Germany | Deutsche Bank net profit falls to 229 million euros at STL.News.

RIYADH, Saudi Arabia | Saudi prince to give first speech since Khashoggi’s slaying

RIYADH, Saudi Arabia  | Saudi prince to give first speech since Khashoggi’s slaying

RIYADH, Saudi Arabia — The Saudi crown prince is to make his first international speech since the killing of Washington Post columnist Jamal Khashoggi at the Saudi Consulate in Istanbul.

Mohammed bin Salman is to address the Future Investment Initiative summit in Riyadh on Wednesday afternoon.

The summit is the prince’s brainchild, an effort to draw much-needed foreign direct investment into the kingdom to create jobs for its young population.

However, this year’s summit has been overshadowed by the Oct.

Continue reading RIYADH, Saudi Arabia | Saudi prince to give first speech since Khashoggi’s slaying at STL.News.

TOKYO | Abe vows to bolster ties with China day before Beijing trip

TOKYO | Abe vows to bolster ties with China day before Beijing trip

TOKYO  — Japan’s Prime Minister Shinzo Abe has vowed to bolster cooperation and friendship between his country and China in a key policy speech the day before he makes the first trip to Beijing by a Japanese leader in seven years.

Abe said Japan and China are both responsible for the region’s peace and prosperity, which he hoped to achieve by boosting exchanges in all areas, from business to sports and politics. Abe will hold talks with Chinese leaders Xi Jinping and Li Keqiang during his three-day visit.

Continue reading TOKYO | Abe vows to bolster ties with China day before Beijing trip at STL.News.