News by: Himanshu Singh
Japan's Nikkei fell 1%, likely weighed by the advancing yen.
And economic slowdown in Britain is expected to last for three years.
And globalisation that once made the world go around, is it about to grind to a halt?
And a surging dollar under the new US president poses biggest threat to global economy, BlackRock boss warns.
Banks slumped as Mnuchin, Trump’s Treasury nominee, didn’t advocate throwing out tough regulations during his Senate confirmation hearing.
And Goldman Sachs has suspended plans to move key operations from the US to London because of the Brexit.
The Dow Jones fell to the lowest level of 2017, marking a fourth straight day in the red for the blue-chip gauge.
And Wall Street’s trading surge has helped Goldman Sachs triple profits and Citigroup produce its first quarterly earnings rise in a year.
Investors remained cautious in the wake of President-elect Donald Trump’s charge that a strong dollar is hurting the economy.
And Theresa May has set out a new role for a “global Britain” outside the EU’s single market in a landmark speech.
Japan’s Nikkei traded down 0.52%, while South Kosrea’s Kospi Index added 0.57% in morning session.
And the pound slipped close to its lowest level against the US dollar in 32 years amid fears May will today set out a course for hard Brexit.
Shares of Japanese airbag maker Takata tumbled 8.58%, after reaching a settlement on Friday with the US Department of Justice on an ongoing probe.
And Deutsche Börse’s €25 billion merger with the LSE will trigger a huge grab of business by Frankfurt from the City, a study claims.
And 21st Century Fox and Sky have begun privately reassuring MPs about plans for their controversial £18 billion merger.
And EU negotiator wants 'special' deal over access to London’s financial institutions post-Brexit.
And Fiat Chrysler shares crash by a fifth as it is drawn into emissions scandal by US regulators.
Financial stocks led the decline yesterday, a day ahead of the first major earnings reports in that sector.
Healthcare stocks fell after Trump said pharmaceutical companies were "getting away with murder" by charging high prices.
And US prosecutors will lay criminal charges against six Volkswagen executives over their role in the “dieselgate” emissions scandal.