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(Close): Wall Street fell for a fifth consecutive trading session amid a dramatic global sell-off as fears over China’s slowing economy intensified.

Concerns about a China-led global economic slowdown and tumbling commodities prices had U.S. traders fearing the worst after a 5 percent decline in the both the S&P and Dow last Thursday and Friday.

Formerly known as Ron Artest, World Peace has enjoyed a decorated National Basketball Association career that includes being named the NBA’s defensive players of the year, an all-star and an All-NBA third team member in 2004 while with the Indiana Pacers, in addition to...

The S&P 500 slid 77.68 points, or 3.9 percent, to 1,893.21. Investors access the group via the Powershares DWA Momentum Portfolio, an exchange-traded fund that saw assets balloon to more than US$2 billion in August.

It’s ugly. But before you panic, let’s put this in perspective. “As it stands, the FTSE 100 is on course to post its biggest weekly decline of the year so far and there’s not a great deal on the agenda that would appear to have the ability to salvage the...

The New York Stock Exchange invoked a rule saying market makers don’t have to disseminate price indications before the opening bell in an effort to make it easier and faster to open stocks on a volatile trading day.

The latest session saw the main index in Shanghai dive by a further 8.5%, deepening its recent heavy slump and meaning it has lost all its gains for 2015.

The TOPIX index of all First Section issues ended down 92.14 points, or 5.86 percent, at 1,480.87, the lowest level since February 17.

The benchmark Shanghai Composite Index fell 8.5 percent, its biggest one-day loss since February 2007.

Today the State Bank of Vietnam lowered the official mid-point rate by 0.99 per cent to 21,890 dong per US dollar and widened the trading band to three per cent from two per cent.

Australian Treasurer Joe Hockey said that though markets would remain volatile for a while, the global economy’s fundamentals remained fairly strong.

But sharp price falls are beginning to encourage demand and the IEA forecast world oil demand would grow by 1.6 million barrels per day this year, up 200 000 bpd from its previous estimate and the fastest pace in five years. At the Multi Commodity Exchange, crude oil for delivery...

An increase in Iranian crude oil production of around 600,000 barrels per day is likely in the latter half of next year, a U.S. federal report found.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 3.00 per cent, or 66.56 points, to 2,155.49 on turnover of 480.9 billion yuan. But if China is starting a currency war, investor pain could get intense.

As the selling accelerated, some benchmark indexes were at or near 10 per cent below their recent peaks – a “correction” in Wall Street parlance.