President Donald Trump moved on Monday to pull the United States out of the Trans-Pacific Partnership, making good on a pledge to scrap a deal he denounced as a "job killer" and a "rape" of US interests.
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Wall Street stocks finished slightly lower on Monday as the new US President Donald Trump signalled he would take a tough line on international trade.
With trading floors ravaged by uncertainty over the US leader's plans, many key stock markets also fell, with Wall Street, London, Frankfurt, Paris and Tokyo all lower.
President Donald Trump's first moves on trade have cast a pall over US trade relations and could hurt US businesses, trade experts say.
McDonald's reported slightly lower fourth-quarter earnings on Monday as strong sales in Britain, Japan, China offset a drop in the United States.
Yahoo said on Monday that the closing of a US$4.8 billion deal to sell its core assets to US telecom titan Verizon has been delayed several months.