Shares in German lenders continued their losses for a third day as U.S. President Donald Trump’s sweeping tariffs ignited fears of an all-out trade war and a global economic recession.
Germany’s Commerzbank and Deutsche Bank were down between 9.5%-10.3% in early Frankfurt trade, after they closed 5.4% and 9.8% lower on Friday.
Banking stocks elsewhere also tanked, with an index of Japanese bank stocks plunging as much as 17%.
HSBC’s Hong Kong shares plunged 14.7%.
Source : Reuters
Samsung will spend 50% of its free cash flow on the new programme Samsung Electronics…
How large is the labour cost saved by AI, and how is it distributed across…
Alphabet has raised A$5.5 billion ($3.89 billion) via its inaugural Australian dollar debt issuance, according to…
Oil prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran…
Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said…
Commodity booms are easy to celebrate but hard to manage. For resource-rich economies, commodity windfalls—if…