Wall Street suffered its biggest weekly drop since in a little more than two years, with the Dow Jones Industrial Average closing in correction territory as investors weighed the possibility of a global trade war breaking out, higher US interest rates and continued uncertainty stemming from the White House.
President Donald Trump has ended a last-minute panic over a US government shutdown by approving a $1.3tn spending bill that he had toyed with vetoing just hours before federal funding was due to expire.
Indivior, the opioid addiction treatment maker, led the FTSE 250 fallers after a US court ruled that generics group Alvogen had not infringed patents with its copy of Suboxone, which provides four-fifths of group revenues.
Men working for JPMorgan in the UK are paid salaries that are 26 per cent higher than their female colleagues and bonuses that are 41 per cent higher on a median basis, the US bank said on Friday afternoon.
The union representing university lecturers and their employers’ umbrella body have agreed new proposals to settle their pensions dispute, in a development that raises fresh hopes for an end to a wave of strikes.
US stocks are in the red just after midday - and the Dow Jones Industrial Average back in correction territory - after a morning session that initially saw investors look past nervousness around a possible trade war and US government shutdown.
Regulators have hit Bank of America Merrill Lynch with a $42m penalty after the investment bank “systematically concealed” from clients that it was secretly routing millions of orders for securities to other firms, including Madoff Securities.
Lawmakers from Poland’s ruling Law and Justice party have proposed several amendments to the controversial judicial reforms passed last year that sparked a furious clash between Warsaw and Brussels — but critics dismissed them as cosmetic.
Russia’s central bank is keeping a close eye on wobbly markets and global trade tensions, it said on Friday as it cut its benchmark rate by a quarter of a point in response to “sustainably low” inflation.