The US and Europe are expected to take turns at the helm of one of the most important institutions in global financial regulation following intense wrangling over the post.

The decision by L Brands to halve its annual dividend in 2019 caught the market off guard on Monday, outweighing upgraded annual guidance and news it had appointed a new chief executive to run its troubled lingerie brand Victoria’s Secret.

India’s central bank has given ground to government pressure and agreed to reassess its management of reserves and treatment of troubled banks, as Prime Minister Narendra Modi seeks to reinvigorate the economy ahead of a general election.

US stocks were hit hard on Monday as investors fled the technology sector.

The English Football League, the body that runs the professional divisions below the Premier League, has signed a £595m UK broadcasting contract with Sky, despite criticism from some clubs that the deal undervalues the television rights to their matches.

A discount retailer best known for its low-cost furniture and close-out sales emerged as an unlikely winner on Monday, bucking a wider market sell-off, as investors bet that richer tax refunds will turbocharge sales next year.

As much as $150bn of questionable funds targeted in Danske Bank’s money laundering scandal flowed through Deutsche Bank, according to testimony from the whistleblower at the Danish lender.

Wall Street’s decline kicked up a gear, with losses on the Nasdaq Composite topping 3 per cent and those for the broader market also widening.

Bitcoin and other cryptocurrencies slumped again on Monday as sentiment continued to sour over the outlook for the industry following a split in one of the main tokens and amid a step up in regulatory scrutiny.

Jeremy Corbyn told the CBI conference in east London on Monday that the Labour party rejected the proposed Brexit withdrawal agreement as a “botched, worst-of-all-worlds deal” and said a Labour government would pursue a Brexit which left the UK in a “new, comprehensive and permanent” customs union with the EU.

Beyond Meat the US plant based meat start up, is eyeing further international expansion as it prepares to list its shares on Nasdaq.

Walt Disney’s $71bn purchase of Rupert Murdoch’s entertainment assets has been approved by regulators in China, removing one of the remaining hurdles to a deal which will redraw the global media landscape.

The Pension Protection Fund said it had “concerns” over a rescue deal for Johnston Press that would enable the ailing newspaper publisher to hive off its pensions liabilities to the industry lifeboat fund.

India’s central bank has given ground to government pressure and agreed to reassess its management of reserves and treatment of troubled banks, as prime minister Narendra Modi seeks to reinvigorate the economy ahead of a general election.

Taylor Swift has signed a long-term record deal with Universal Music, ending a months-long bidding war over the most commercially successful artist in the world. 

Pacific Gas & Electric shares fell once again Monday after the California utility disclosed a second outage that occurred the same day a deadly wildfire broke out.

US homebuilder confidence fell to it lowest level in more than two years this month amid rising concerns over affordability data on Monday showed.

TSB has appointed former Clydesdale Bank executive Debbie Crosbie as its new chief, as it looks for a fresh start after a disastrous IT move this year led to months of turmoil and wiped out all its expected annual profits.

Arron Banks, the main funder of the pro-Brexit Leave.EU campaign, raised the possibility of seeking donations in the US in an email copied to Steve Bannon, who would later be central to Donald Trump’s successful presidential campaign, evidence released by a parliamentary committee shows.

Britain’s currency will rally vigorously next year against the euro and the US dollar, Goldman Sachs has forecast, as the investment bank shrugs off the latest bout of uncertainty over Brexit negotiations.

Brussels’ chief Brexit negotiator has insisted that a future trade deal with the UK will allow Britain to “take back control” of its laws, boosting efforts to rally support for the withdrawal treaty by the British prime minister on Monday.

The Philippines has confirmed it will allow a consortium headed by China Telecom to become the country’s third telecommunications provider, announcing the decision on the eve of a two-day visit by President Xi Jinping to the country.

US futures tip Wall Street for a lower open on Monday as stocks struggle to regain their footing following last week’s drop amid US-China trade tensions.

Saudi Arabia’s King Salman praised the economic reform programme led by the crown prince on Monday as he made his first public remarks since the death of prominent journalist Jamal Khashoggi last month.