News by: Himanshu Singh
And IMF warned of gloomy eurozone outlook over Greece, high unemployment and a still-shaken banking sector.
China’s Shanghai Composite Index was down 4% in early morning trade on Tuesday after registering its steepest decline in eight years on Monday.
And former Greek finance minister Yannis Varoufakis reveals cloak and dagger 'Plan B' for Greece.
Equities follow Wall Street down as China’s industrial profits fell 0.3% year-on-year in June.
And foreign criminals use London housing market to launder billions of pounds, says National Crime Agency spokesman.
And Lonmin and Anglo-American are to slash up to 12,000 jobs as commodity prices slump to levels last seen during the global recession of 2008-09.
The Dow Jones fell back into the red for the year, with 3M, American Express and Caterpillar contributing the most to the average's fall.
And Russia has fallen into full-blown depression and faces a mounting fiscal crisis as oil and gas revenues plummet.
And ECB raises ceiling on emergency funds for Greece ahead of a crucial vote on a third bailout programme for the debt-stricken nation.
Apple shares slumped 4.3%, a day after the iPhone maker's revenue forecast for the fourth quarter fell below expectations.
Toshiba chief Hisao Tanaka resigns over $1.2 billion accounting scandal.
Results from IBM and United Technologies dampened early optimism over earnings season.
And regulators could be responsible for next financial crash, says LSE report.
The Nasdaq registered its third straight record close as a better-than-expected start to corporate earnings season boosted investor confidence.
And commodities crash could turn Australia into a new Greece as rising debt and a slump in Chinese demand for resources signal tough times ahead.
South Korea’s Kospi index and Australia’s S&P/ASX 200 Index were little changed, while New Zealand’s NZX 50 Index lost 0.1%.
And more than 270 business leaders have urged Cameron to back a third runway at Heathrow.
And George Osborne ousts UK's top financial regulator Martin Wheatley.
Sentiment was also bolstered after the Greek parliament voted in favour of austerity measures.
And Greece’s banks may be able to reopen for the first time in three weeks on Monday.