The negative news was offset by the Japanese yen, which managed to retreat by 0.25%.
This is amid non-Opec countries reducing their oil production.
Professor Jonathan Fisher QC is financial crime expert and professor at the London School of Economics.
These revelations follow David Cameron's anti-corruption conference held on 10 May in London.
Oil prices touched its highest levels in 6 months this week amid supply concerns.
The S&P 500 and Nasdaq composite were dragged lower by Apple, which slid 2.4%.
US companies such as Disney and Macy's reported disappointing corporate results overnight.
Retail posted its worst day since 2011, led by losses by Macy's Inc.
Asian investors concerned over absence of signs indicating a recovery in China and other emerging markets.
Asian stock markets follow a negative close on Wall Street and Footsie overnight.
The S&P 500 and Nasdaq rose as healthcare stocks rallied on 9 May.
Russian broker, 43, has been bailed until July after he was arrested in March for alleged fraud.
Data released by Beijing over the weekend indicated that the country's exports fell 1.8% in April.
ExxonMobil, China's Sinopec and BP could acquire stake in Aramco.
From kit suppliers to TV broadcasters, there are plenty of ways to invest in the English Premier League.
This data is said to be a key influencer to the US Fed's decision on a potential rate hike.
The Nasdaq Composite posted its 10th loss in 11 sessions, while the Dow and S&P 500 closed little changed.
China Caixin services PMI, an economic indicator of the services industry, came in at 51.8 for April.
The major averages dropped for a second session in a row due to concerns about overseas economic decline.
The dollar index, a measure of the greenback against a basket of global currencies, rose 0.25% on 4 May.
The China Caixin manufacturing PMI stood at 49.4 for April, indicating contraction in activity.
The Dow Jones rose triple digits, while the Nasdaq broke a seven-day losing streak.
Investors disappointed as they were expecting Bank of Japan to introduce a stimulus package.
US data indicated that the country grew in the first quarter but at its slowest pace in two years.
The Dow Jones dropped 210.79 points, or 1.17%, to settle well below the psychologically key 18,000 level.
The US Federal Reserve too decided not to increase interest rates.
Meanwhile, the Nasdaq Composite posted its first five-day losing streak since 11 January.
US Federal Reserve not expected to increase interest rates.
The Dow Jones and S&P 500, however, managed to turn higher following three straight days of declines.
The US Federal Reserve's two-day policy meeting concludes on 27 April.