Donald Trump’s former campaign chairman, Paul Manafort, has been accused of paying senior former European politicians including a “former chancellor” more than €2m to lobby on behalf of former Ukrainian president Viktor Yanukovych, according to a new court filing.
Wall Street was firing on all cylinders by the close of trading on Friday, with the Nasdaq Composite surging to its first daily gain of the holiday-shortened week as all three major US equities indices advanced more than 1 per cent and notched weekly gains.
Richard Gates pleaded guilty on Friday to conspiracy against the US and making a false statement, the third former campaign associate of the US president to plead guilty in connection with an investigation into alleged Russian interference in the 2016 election by Robert Mueller, the US special counsel.
Rating agency Fitch on Friday pushed Mattel’s credit rating deeper into junk territory saying it now expects a significantly slower recovery in the US toymaker’s earnings and cash flow than previously thought.
The president of the European Council has said the British cabinet’s agreement on its EU future relationship is based on “pure illusion”, in the strongest indicator yet that the bloc will not agree to a UK plan to have “managed regulatory” divergence after Brexit.
Shares of firearms makers faced more heat on Friday after Florida’s governor flagged plans to raise the minimum age for buying guns in the state, which was rocked by a deadly school shooting a week ago.
UK challenger bank Metro Bank has agreed to purchase more than £500m worth of buy-to-let mortgages from Cerberus, the US private equity group, in a bid to further boost its loanbook after reporting its first full-year profit earlier this week.
New York Federal Reserve president Bill Dudley on Friday took a “much less sceptical view” of the central bank’s asset purchases as an effective tool for monetary policy than that taken by economists in a new research paper.
Dominic Chappell, the former bankrupt who bought BHS for £1 and received more than £2.6m from the retailer before it collapsed, has been fined £50,000 plus £37,500 costs in relation to the three criminal offences of which he was convicted of last month.
Operating profits at Volkswagen nearly doubled in 2017, as the company sped further away from the diesel emissions crisis in late 2015. But the scandal continued to mar earnings, with the German carmaker booking a €3.2bn provision for continuing legal challenges.
Shares of some major US companies that make firearms are under pressure on Friday, after two companies said they would end partnerships with a major gun-rights advocacy group amid mounting calls for tighter restrictions following one of the deadliest school shootings in US history.