Former US Open winner Webb Simpson fired a six-under 64 on Friday to grab a share of the lead with fellow American Ryan Armour at the halfway stage of the US PGA Tour Wyndham Championship. Simpson, who won the US Open in 2012 in San Francisco, made fou…Read more
Catalan police have identified the five terrorists who were shot dead in Cambrils. Authorities say the Barcelona and Cambrils attacks, which left 14 people dead and some 130 others injured, was their plan B after a bombing plot was disrup…Read more
World number four Rory McIlroy is in the field for next week’s Northern Trust Open, first event of the US PGA’s FedEx Cup playoffs won by the Northern Ireland star last year.McIlroy had indicated after a disappointing 22nd-place finish in the PGA Champ…Read more
Credit rating agency Fitch on Friday upgraded Greece’s debt by a notch, citing what it called an improving outlook and amid expectations the country’s debt sustainability will steadily improve.A month after Athens returned to credit markets with a bond…Read more
The head of an Islamic police brigade deployed by jihadists controlling a northern Mali city in 2012 was jailed for 10 years Friday, after being convicted of crimes that included cutting off the hands of suspected thieves.Aliou Mahamar Toure had denied…Read more
A former United Auto Workers senior official on Friday became the fourth person charged in a US probe of an alleged scheme to raid funds meant for training auto workers.Virdell King, who retired from the UAW in 2016, was charged with one count of consp…Read more
Global stock markets sank Friday as traders sought haven investments such as gold following a terror attack in Barcelona that sent airline share prices down.
The deadly attack Thursday in the Spanish city compounded investors’ concerns over economic policy paralysis in Washington.
“The recent shift towards haven markets continues,” said Joshua Mahony, market analyst at IG trading group.
“While the week started well, we are now seeing widespread selling for global stocks, with traders instead choosing to shift their focus towards the likes of gold and the yen,” he added.
Gold, seen as a store of value in uncertain times, jumped back above $1,300 per ounce for the first time in nine months, while the yen strengthened against the dollar and struck a near-seven week high against the euro.
Madrid shed 0.5 percent and London fell 0.9 percent.
Tourism-related stocks took a hit after the attacks. Air France-KLM shed 1.6 percent and IAG, which owns British Airways and Spanish carrier Iberia, fell 2.0 percent. InterContinental Hotels Group gave up 1.6 percent.
Wall Street stocks closed lower for the second day, after making a brief try at a rebound, with the Dow Jones Industrial Average falling 0.35 percent and the broader S&P 500 Index losing 0.2 percent.
US investors remain concerned about US President Donald Trump’s agenda for tax reform and other pro-business measures, as his support from corporate America has evaporated following his heavily criticized response to a white supremacist rally in Virginia last weekend.
The White House turmoil continued Friday with the ouster of controversial adviser Steve Bannon — the fifth high-profile casualty in Trump’s inner circle in just six months. That came after rumors Thursday that Trump economic advisor Gary Cohn would resign, which the White House denied but not before the news hit the markets.
“Although it is far too early to say whether global equities will be staging a sharp correction in the coming days, things don?t look pretty on Wall Street at the moment,” said market analyst Fawad Razaqzada at Forex.com.
Earlier in Asian trading, Tokyo led the fall in regional stocks, slumping to its lowest close since early May, with the Nikkei also struggling in the face of the resurgent yen.
– Key figures around 2100 GMT –
New York – Dow: DOWN 0.35 percent to 21,674.51 (close)
New York – S&P 500: DOWN 0.2 percent to 2,425.55 (close)
New York – Nasdaq: DOWN 0.1 percent to 6,216.53 (close)
London – FTSE 100: DOWN 0.9 percent at 7,323.98 points (close)
Frankfurt – DAX 30: DOWN 0.3 percent at 12,165.19 (close)
Paris – CAC 40: DOWN 0.6 percent at 5,114.15 (close)
EURO STOXX 50: DOWN 0.4 percent at 3,448.49
Tokyo – Nikkei 225: DOWN 1.2 percent at 19,470.41 (close)
Hong Kong – Hang Seng: DOWN 1.1 percent at 27,047.57 (close)
Shanghai – Composite: UP less than 0.1 percent at 3,268.72 (close)
Euro/dollar: UP at $1.1762 from $1.1724 at 2100 GMT
Pound/dollar: UP at $1.2885 from $1.2867
Dollar/yen: DOWN at 109.22 yen from 109.51 yen
Oil – Brent North Sea: UP $1.69 to $52.72 per barrel
Oil – West Texas Intermediate: UP $1.42 to $48.51
The United States on Friday formally launched a trade investigation into China’s intellectual property practices and forced transfer of American technology, which President Donald Trump had called for this week.”On Monday, President Trump instructed me…Read more
Former New York Yankees great Derek Jeter and his wife Hannah have welcomed their first child -? a baby girl named Bella Raine.
“Congratulations Derek and @hannahbjeter on the birth of your baby girl, Bella Raine Jeter, born Thursday, Aug. 17,? The Players’ Tribune website, which Jeter founded, announced Friday on Twitter.
The Yankees congratulated their former shortstop, a five-time World Series champion, with a tweet.
“Congrats to Derek & Hannah Jeter on the birth of their daughter, Bella Raine Jeter,” the team posted. “We can’t wait to meet her!”
Jeter, 43, is heading into new territory professionally as well as personally.
He is a limited partner in the group led by billionaire businessman Bruce Sherman proposing to buy the Miami Marlins for $1.2 billion.
League owners met on Wednesday with Sherman to go over his plans for buying the struggling club from Jeffrey Loria.
Jeter missed the meetings to be with his expectant wife, but he’s reportedly poised to play a key role in the baseball operations of the club.
“He’s not the kind of guy who’s just going to add his name and say ‘Yeah, I’m the owner of the team,” said Joe Torre, Jeter’s one-time manager at the Yankees. “He’s going to roll up his sleeves. I know he didn’t want to be just be a token owner.
“It’s more than somebody investing money. It’s somebody who’s in it for the long haul.”Read more
Traffic through the White House exit door has been astonishingly high since Donald Trump became president on January 20. On Friday chief strategist Steve Bannon became the latest casualty of seven months of bedlam in the executive offices of the world’…Read more
When Steve Bannon gave a free-wheeling interview to a small left-wing magazine this week, he spoke as if he — the White House’s ‘great manipulator’ — was back on top.By Friday, President Donald Trump had sacked him.Some reports suggest that Trump’s s…Read more
Monaco shrugged off the absence of want-away star striker Kylian Mbappe as skipper Radamel Falcao’s late goal secured a 1-0 victory at Metz on Friday that saw them set a new French top-flight win record.Falcao’s goal came with 12 minutes left at the St…Read more
Robert Lewandowski converted a second-half penalty, awarded by a video assistant referee intervention, as champions Bayern Munich opened the 2017/18 Bundesliga season with a 3-1 win over Bayer Leverkusen on Friday.The video assistant referee is being t…Read more
Namibia’s Julius Indongo has no qualms about taking his quest for super lightweight supremacy into hostile territory — against American Terrence Crawford in Lincoln, Nebraska, on Saturday.After all, he seized Ricky Burns’s World Boxing Association tit…Read more
Venezuela’s new pro-government constitutional authority formally declared Friday it was seizing power from the opposition-led legislature, tightening President Nicolas Maduro’s grip on the country in defiance of international outrage.Read more
Opioid drug maker Insys agreed to pay $4.5 million Friday to end a lawsuit in which it was accused of deceptive marketing, one of the first settlements of civil suits that drug manufacturers face over a US overdose epidemic.The lawsuit was brought by t…Read more
A Canadian man accused of carrying out devastating cyberattacks on Yahoo waived his right to an extradition hearing on Friday and will soon be handed over to US marshals.Karim Baratov, 22, an immigrant from Kazakhstan, was arrested on a US warrant in M…Read more
Police shot and wounded a suspect after a stabbing spree in which a man killed two people and wounded six others in the Finnish city of Turku on Friday.Within hours the force had announced increased police patrols across the country.”There are eight vi…Read more
Donald Trump parted ways with his controversial chief strategist Steve Bannon on Friday as the White House reels from the fallout over the president’s response to a violent white supremacist rally.As Bannon became the fifth high-profile casualty in Tru…Read more