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BEIJING (AP) — International stock markets rose today after Wall Street rebounded from losses to end last week higher on stronger oil and gas prices. Futures point to opening gains on Wall Street today. Benchmark U.S. crude oil rose to just below $43.50 per barrel. The dollar gained against the yen and the euro.
BEIJING (AP) — Mining Data reviewed by The Associated Press finds that the world's biggest coal users — China, the United States and India — have boosted coal mining in 2017, in an abrupt departure from last year's record global decline for the heavily polluting fuel and a setback to efforts to rein in climate change emissions. Coal's fortunes had appeared to hit a new low less than two weeks ago. The reasons for this year's turnaround include policy shifts in China, changes in U.S. energy markets and India's continued push to provide electricity to more of its poor.
UNDATED (AP) — Shattered by recall costs and lawsuits, Japanese air bag maker Takata filed for bankruptcy protection in Tokyo and the U.S. today, saying it was the only way it could keep on supplying replacements for faulty air bag inflators linked to the deaths of at least 16 people. The company's bankruptcy filings cleared the way for a $1.6 billion takeover of most of Takata's assets by rival Key Safety Systems, which is based in Detroit but owned by a Chinese company.
BERLIN (AP) — A survey shows that business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens. The Ifo institute said Monday that its monthly confidence index was up to 115.1 points for June from 114.6 in May, the previous record. The Ifo's index is calculated on the basis of firms' views of both the current situation and the outlook for the next six months. Both elements rose in June. The Ifo surveys some 7,000 companies for its index.
NEW YORK (AP) —A former pharmaceutical CEO who became a pariah after raising the cost of a life-saving medication 5,000 percent can't keep quiet. Even with his securities fraud trial set to begin with jury selection today, Martin Shkreli (SHKREHL'-ee) has not stopped preening and trolling on social media. Legal experts say the behavior has upended conventional wisdom about avoiding negative pretrial publicity. Legal experts say it's not good to risk antagonizing the judge or getting noticed by jurors.
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