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World markets sink ... Oil prices fall ... Samsung to recover metals

Estimated read time: 2-3 minutes

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TOKYO (AP) — Global shares fell today as setbacks for a health care overhaul in the U.S. raised doubts over prospects for a range of reforms backed by President Donald Trump. Expectations the U.S. Federal Reserve will move cautiously in raising interest rates also sent the dollar lower. U.S. shares were set to drift slightly lower with Dow futures flat and S&P 500 futures down 0.1 percent.

NEW YORK (AP) — Benchmark U.S. crude lost 11 cents to $45.91 a barrel in electronic trading on the New York Mercantile Exchange. It lost 52 cents, or 1.1 percent, to $46.02 a barrel in New York. Brent crude, used to price international oils, lost 10 cents to $48.32 a barrel in London.

LONDON (AP) — Official figures show inflation in Britain unexpectedly fell in the year to June. The development is to ease market expectations that the Bank of England will raise interest rates soon. Britain's Office for National Statistics said consumer prices were 2.6 percent higher in the year to June, down from 2.9 percent the previous month.

SEOUL, South Korea (AP) — Samsung Electronics plans to recover gold and other metals and components from recalled Galaxy Note 7 smartphones to reduce waste. The South Korean company says it expects to retrieve 157 tons of gold, silver, cobalt, copper and other metals from millions of smartphones that were recalled and discontinued last year after their batteries were found to be prone to catching fire.

DUBAI, United Arab Emirates (AP) — One of Qatar's two telecommunications companies is struggling to bring its network online following a widespread outage. Vodafone Qatar says on Twitter that network engineers have arrived in the tiny Gulf country to fix the outage that began Monday. Qatar remains locked in a dispute with four other Arab countries that have cut diplomatic ties and severed air, land and sea links.

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The Associated Press


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