Global stocks dipped on Monday after the United States and China imposed new tariffs on each other's goods, reinforcing investors' worries over slowing global growth, with no clear end in sight for the trade war.
The bitter trade war between China and the United States kept global factory activity largely in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.
Argentina's international dollar bonds hit record lows on Monday while its financial stocks tumbled and risk premia shot up after President Mauricio Macri reimposed capital controls on Sunday as the country's debt crisis spirals.
China aims to slash its growing dependence on gas imports by boosting domestic projects like shale fields as the security of its energy supply comes under the spotlight amid a festering trade war with the United States.
Some Chinese business sectors reported solid first half earnings, though a substantial fall in industrial profits and in tepid overseas investment inflows into China's stock markets show fallout from the protracted trade war with the United States.
A court in Russia's Far East ordered the seizure of a stake in Vostochny Bank held by private equity group Baring Vostok at Vostochny Bank's own request, court documents published on Monday showed.
Widespread acceptance of Facebook's proposed Libra currency could even undermine the European Central Bank's ability to set monetary policy, a potential risk for the currency bloc, ECB board member Yves Mersch said on Monday.
Volkswagen will not be excluded from public sector contracts in the United States but will instead install a second U.S. monitor at its German headquarters, business daily Handelsblatt reported on Monday.
While U.S. sanctions on Iran's oil industry have slashed the OPEC member's crude exports by more than 80per cent, oil product sales from the Islamic Republic remain strong at nearly US$500 million a month, shipping data and Reuters calculations show.
Volkswagen will not be excluded from public sector contracts in the United States but will instead install a second U.S. monitor at its German headquarters, business daily Handelsblatt reported on Monday.