News by: Himanshu Singh
And British online fashion retailer ASOS chief is to step down in the coming months, 15 years after launching the company.
China’s Shanghai Composite Index opened 4.0% lower on Wednesday amid concern that government steps to prop up equities will fail.
And China cracks down on market rumours with mass arrests blaming individuals including brokers and journalists for recent stock market turmoil.
US shares fell on Monday after comments from Fed Vice-Chairman Stanley Fischer heightened fears of a potential US interest hike in September.