News by: Himanshu Singh
The Dow Jones tanked 273 points, the S&P 500 shed 30 points and the Nasdaq lost 70 points after the IMF cut its global growth forecast.
And the IMF has warned that the world economy may never return to the pace of expansion seen before the financial crisis.
The S&P 500 halt a two-day advance as small-cap shares resumed a selloff.
And Brussels targets Amazon’s Luxembourg tax deal, alleging it allowed the online retail giant to reap potentially illegal state subsidies for its European operations for almost a decade.
However, shares in Hong Kong fluctuated as protesters in the city vowed to fight on.
And UK’s financial services sector is growing at the fastest rate since before the financial crisis, according to the latest snapshot of the industry from the CBI.
And shareholders in pay-TV company BSkyB are expected to vote in favour tomorrow of its plans for a £7.4 billion consolidation of its sister companies to create Sky Europe.
And Tesco board faces fresh embarrassment after it emerged the embattled supermarket had purchased a new $50 million Gulfstream G550 corporate jet.
Energy shares rebounded and investors bought beaten-down shares, especially small caps.
And Warren Buffett, staring at an $800 million spillage from his stake in Tesco, admitted that his holding in the UK supermarket chain was a “huge mistake”.
And banks have set up task forces to scrutinise submission processes for hundreds of benchmarks after rate-rigging scandals.
Shares of airlines and other transportation names declined after a patient in the US was detected with Ebola virus.
EBay was the S&P 500's biggest percentage gainer for the day, after the company announced a plan to spin off its PayPal unit.
Wonga reported its first ever year-on-year fall in profit after the UK’s biggest payday lender was forced to compensate thousands of customers.