IlluMyFi

After soaring on news of potential merger, fall reflects concerns about expected terms of deal, say analysts

Shares in the Japanese carmaker Nissan have had their biggest fall since August’s stock market sell-off, as investors turned their attention to the company’s planned tie-up with domestic rivals Honda and Mitsubishi.

Nissan’s shares fell by as much as 15% on Friday before regaining some losses to close down 7.8%, in a sign of investor volatility.

Sentiment

0.35

Bearish/Bullish

28.12.24 12:40

by theguardian.com

Janet Yellen issues warning to Congress as US nears debt limit

Treasury secretary says ‘extraordinary measures’ needed to avoid default, and urges lawmakers to raise borrowing limit

Janet Yellen, the Treasury secretary, said her agency will need to start taking “extraordinary measures”, or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as 14 January, in a letter sent to congressional leaders Friday afternoon.

“Treasury expects to hit the statutory debt ceiling between January 14 and January 23,” Yellen wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation’s debt ceiling – which has been suspended until 1 January.

United States of America