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In mid-December, the Fed raised its benchmark federal funds rate from near zero to a range of 0.25% to 0.5%, signaling that rates might be on the rise in 2016.

The FTSE 100 Index slumped 2.5 per cent, or 150.2 points to 6092.1, after Chinese stock markets were automatically suspended overnight following falls of at least 7 per cent amid weak factory output data from the world’s second largest economy.

The Consultative Assembly of Saudi Arabia issued a statement Monday saying it supported the government’s decision to cut ties with Iran “after becoming impatient with Iran’s polices in support of terrorism”. The heightened tensions between the two OPEC...

Oil prices are on course to fall by more than a third this year as big suppliers such as Saudi Arabia and Russian Federation have continued pumping crude in a bid to defend their market share. The biggest to close is Enbridge Inc.’s Ozark pipeline, which was booked to carry...

The drink is comprised of “perfectly aerated and free-poured” steamed whole milk marked with shots of espresso, according to the description on the coffee chain’s website.

The Shanghai Composite Index has fallen to its lowest level in almost three months, on what was the first trading day of 2016.

Expecting the move, Ursula Gauthier, a longtime journalist for the French news magazine L’Obs, said late Friday night that she was prepared to leave China.

“As liquidity returns to markets at the start of the New Year, we are seeing a fairly uncomfortable start, with trading halted in Chinese equities”, noted economist Simon Smith at trading firm FxPro. Futures augured losses on Wall Street.

For the parallel Milan listing, Fiat Chrysler distributed its remaining 80 per cent to its shareholders, at a rate of one common share of Ferrari for every 10 shares of Fiat Chrysler.

The pan-European FTSEurofirst 300 index fell 2.5 percent and the euro zone’s blue-chip Euro STOXX 50 index declined by 2.9 percent.

Shanghai: Trading on the Shanghai and Shenzhen stock markets was suspended on Monday after shares fell more than five percent.

The companies’ combined deliveries will rise to 8.13 million vehicles in 2016 from about 8 million vehicles a year earlier, Chung Mong Koo, chairman of both automakers, said during a New Year address to employees in Seoul on Monday.

Earlier, China’s CSI300 stock index fell 5 per cent on the first trading day of 2016, triggering a circuit breaker mechanism that would briefly halt trade.

The diplomatic rift between Saudi Arabia and Iran could complicate OPEC’s efforts to calm oil markets if Iran begins exporting up to one million barrels a day of extra crude once Western sanctions are lifted as expected early this year.

The Shanghai Composite Index hit its peak June 12 and then fell 30 per cent. A panicked government slashed interest rates and bought shares to halt the slide.