SEOUL, South Korea (AP) – Shares in Europe and Asia were mixed today as the afterglow from Wall Street’s overnight rally faded. Japan’s benchmark Nikkei 225 index lost 0.7 percent, giving up early gains as the yen strengthened against the U.S. dollar. Futures point to a downbeat opening on Wall Street. Benchmark U.S. crude oil rose to just below $59.50 per barrel. The dollar slipped against the yen and the euro.
BEIJING (AP) – China told importers of a U.S. industrial chemical to start posting deposits today in preparation for possible anti-dumping duties amid rising trade tension with Washington. A preliminary ruling by the Ministry of Commerce said styrene monomer from the United States, South Korea and Taiwan is being sold at prices 5 to 10.7 percent below the proper level. The chemical is widely used to make packaging and consumer products. Importers must now pay cash deposits while the ministry completes its investigation.
MACAU (AP) – MGM Resorts is launching a lavish multibillion-dollar casino resort in Macau in the latest big bet by foreign gaming companies on the southern Chinese gambling haven. Las Vegas, Nevada-based MGM Resorts International was opening its $3.4 billion resort’s doors, watched over by a colossal statue of MGM’s signature gold lion, on Tuesday evening. It’s a high-stakes wager on the casino market’s future in the former Portuguese colony, where gambling licenses expire in as little as two years.
ATHENS, Greece (AP) – Greece’s state privatization agency says it has launched a tender to sell a five percent stake in the country’s dominant OTE telecom company. The agency says that investors must submit their offers by March 15. Under its international bailout agreements, Greece is committed to sell off swathes of state-owned companies and real estate.
KIRKLAND, Wash. (AP) – Bill and Melinda Gates are rethinking their philanthropic work in America as they confront the country’s growing inequity and a president they disagree with. The couple says in their foundation’s annual letter that they’re turning their attention in the United States toward poverty and economic mobility. The foundation says it’s studying related issues such as employment, race and housing, but it has no plans for any particular initiatives yet.