Steelmaker ArcelorMittal retained its forecast for global apparent steel consumption growth of between zero and 0.5 percent in 2016.
The Chinese navy has begun a combat drill in the South China Sea amid rising tensions over the disputed waters, the SCMP reports.
Shares in Herbalife jumped more than 13 percent in after-hours trading.
The summer downturn brings up the adage "sell in May and go away." But if you choose well, you could stay — and profit.