Wall Street tumbled on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, ratcheting up fears that a U.S.-China trade war could hobble the world's largest economy.
The Atlanta Fed's GDPNow model estimates the economy grew by just 1.8% in the third quarter.
It has been a pivotal few months for financial markets. China and Europe have halted the global stocks rally, oil has cooled dramatically and rising recession worries have sent gold and government bonds charging again.
Sempra Energy said on Monday it would sell its Peruvian businesses to a unit of China Yangtze Power Co for $3.59 billion, as part of a planned exit from South America to focus on its core U.S. and Mexican markets.
Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dictated by millennial shoppers.
Oil prices rebounded in early Asian trade on Tuesday after production at the world's largest oil producers fell in the third quarter, although demand concerns continued to keep a keep a lid on prices.
Gains in technology stocks led by Apple lifted Wall Street's main indexes on Monday, as investors looked past last week's reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
Thomas Cook has dues of 125 million Egyptian pounds ($7.7 million) to local operator Blue Sky Group, Blue Sky's chairman Hossam El-Shaer said on Monday.
WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup removed founder Adam Neumann as its chief executive officer.
Asian share prices ticked up on Tuesday as some investors clung to hopes that the fourth quarter will bring progress in resolving the United-States trade war that's cast a shadow over the global economy.
U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing's approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China's payment services market.
The Globe and Mail | Sep 27, 2019 Meet the next generation: the 400 boldest businesses in the country Welcome to the inaugural Report on Business ranking of Canada’s Top Growing Companies. These 400 businesses operate in such hot sectors as fintech, e-commerce and cannabis, along with long-established industries like manufacturing and transportation. Some are
Four blue states argued that the new $10,000 cap on state and local tax deductions was "an unconstitutional assault on states' sovereign choices." A judge in Manhattan disagreed. Here's what's next.
U.S. crude futures rebounded in early Asian trade on Tuesday after production at the world's largest oil producers fell in the third quarter, partly recovering from a more than 3% drop in the previous session.
Pratt & Whitney, a unit of United Technologies Corp , has been awarded a $2.2 billion U.S. defense contract for production of F135 propulsion systems, the Pentagon said on Monday.