News by: Himanshu Singh
The S&P 500 declines more than 1% and posted its worst three-day slide since November 2011 after worries that global economic weakness will dampen US earnings.
And senior bank executives unhappy with new rules to make them criminally liable for failures should resign, said Carney.
Stocks fell amid concern that pledges to keep record-low interest rates won’t be enough to offset a global economic slowdown.
Network Rail is in pole position for £50 million-plus Saudi Arabia contract.
And British exports have crashed to their lowest level for four years in a further sign the economy is slowing.
The selloff followed weak data from Germany and comments from a Fed official who suggested investors had unrealistic expectations about the Fed's eventual rate increase.
And Brussels is challenging the “double Irish” tax avoidance measure prized by big US tech and pharma groups.
Shares gained after the Fed’s hint that interest rates will stay near zero until it deemed the economy could withstand it.
And fears over spluttering global growth pushed oil into bear-market territory as average petrol prices hit their cheapest level for nearly four years.
The Dow Jones tanked 273 points, the S&P 500 shed 30 points and the Nasdaq lost 70 points after the IMF cut its global growth forecast.
And the IMF has warned that the world economy may never return to the pace of expansion seen before the financial crisis.
The S&P 500 halt a two-day advance as small-cap shares resumed a selloff.
And Brussels targets Amazon’s Luxembourg tax deal, alleging it allowed the online retail giant to reap potentially illegal state subsidies for its European operations for almost a decade.
However, shares in Hong Kong fluctuated as protesters in the city vowed to fight on.
And UK’s financial services sector is growing at the fastest rate since before the financial crisis, according to the latest snapshot of the industry from the CBI.
And shareholders in pay-TV company BSkyB are expected to vote in favour tomorrow of its plans for a £7.4 billion consolidation of its sister companies to create Sky Europe.
And Tesco board faces fresh embarrassment after it emerged the embattled supermarket had purchased a new $50 million Gulfstream G550 corporate jet.
Energy shares rebounded and investors bought beaten-down shares, especially small caps.
And Warren Buffett, staring at an $800 million spillage from his stake in Tesco, admitted that his holding in the UK supermarket chain was a “huge mistake”.
And banks have set up task forces to scrutinise submission processes for hundreds of benchmarks after rate-rigging scandals.