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Global Markets: Trump tweets; hacker faces extradition

By Commodity News Service Canada

July 25 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– United States President Donald Trump continued to lash out as his Attorney General Jeff Sessions today for what he sees as inaction on prosecuting former U.S. presidential candidate Hillary Clinton’s crimes. He said in a 7 a.m. CDT tweet this morning that Ukraine attempted to “sabotage Trump campaign – quietly working to boost Clinton.”

– Nathan Cooper has been named interim leader of Alberta’s new United Conservative Party following a merger of the province’s two right-wing parties–the Wildrose Party and the Progressive Conservative Party–on the weekend.

– Peter Levashov, who U.S. prosecutors allege is behind one of the world’s largest computer spam networks, is attempting to block attempts to extradite him to the U.S. Levashov, a Russian national, was arrested in Spain while on vacation.

– General Motors reported better-than-expected quarter profits Tuesday. However, net profits were dragged back by lower vehicle sales and restructuring charges. GM reported second-quarter income of US$2.4 billion, or US$1.60 per share, down from US$2.8 billion in the same period last year. Removing the one-time charges, GM earnings reached US$1.89 per share. Analysts had expected earnings of US$1.69 per share for the quarter.

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