The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
European stocks closed lower on Monday, amid escalating concerns of a sharp slowdown in global growth.
The pan-European Stoxx 600 closed provisionally down 1.14 percent, with almost all sectors and every major bourse in the red.
Retail was down the most, off by 2.7 percent, after British online fashion retailer Asos issued a profit warning. The firm cut its annual sales growth and profit margin forecasts, becoming the latest U.K. retailer to highlight very poor November trading.
Elsewhere in the sector, shares of Zalando slumped to the bottom of the Stoxx 600, pressured by the broader downturn in retail stocks. H&M also fell, despite reporting that sales growth in the September-November period rose 6 percent from the previous year. Zalando dipped 11.63 percent while H&M slipped 8.53 percent.
On Wall Street, stocks sunk deeper into correction territory, with the Dow Jones Industrial Average down 100 points, the S&P 500 off by 0.2 percent and the Nasdaq Composite trading around the flatline.
Market focus is largely attuned to concerns surrounding cooling global growth after soft economic data from China and Europe in the last week added further concerns. On Friday, China reported weaker-than-expected retail sales data, growing at its weakest pace since November 2003.
The Bank of International Settlements (BIS), an umbrella group for the world's central banks, said on Sunday that recent market tensions are a sign of more turmoil to come. It warned that a normalization of monetary policy is likely to trigger a flurry of sharp sell-offs in the near future.
Meanwhile, U.K. Prime Minister Theresa May announced in parliament that a meaningful vote on her Brexit deal would take place on the week commencing Jan. 14. Britain has just over 100 days to leave the bloc on March 29 and chances of a no-deal or a chaotic Brexit deal have gone up after strong oppositions to May's draft deal.