Shares in commodity giant Glencore plunged 25% after analysts fear lower metal prices.
Volkswagen shares plunge nearly 20 percent after the German carmaker admitted it had rigged emissions tests of diesel-powered vehicles in the United States, and U.S. authorities said they would widen their probe to other automakers.
Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.
Toshiba posts net loss and revamps board as it seeks to put scandal behind it.
(Reuters Business Report) – If nerves weren’t shredded before, they surely will be soon?
Chinese authorities now investigating what, or who, might be behind the recent market mayhem.
A strong rally on Wall Street evaporated and turned into losses, as concerns about China’s economy heavily outweighed lower valuations that some investors earlier saw as bargains.
U.S. stocks make a strong advance at the start of trade as investors pick up shares beaten-down after previous session’s steep decline on global economic fears.
(REUTERS) – A massive sell-off drove the Dow to shed more than 1,000 points at the day’s low. A bounce back by Apple helped cut the losses but it still closed with the steepest drop in four years.
Sparking the plunge: a further fall in Chinese equities and commodity prices.
Amid volatility in global financial markets, White House presses China to increase financial transparency and to move toward market-determined exchange rate system.
(Reuters Business Report) – Barnes and Noble Education making its debut on the New York Stock Exchange. The spinoff of the bookstore chain’s college bookstore business having a tough first day of trading. The stock, ticker BNED, under pressure.