- Royal Dutch Shell (RDS.A) has abandoned its exploration in the Arctic, off the coast of Alaska, which had been hotly contested, because of the collapse in oil prices. The company is preparing for billions of dollars in writedowns, the Financial Times reports.
- Saudi Arabia has withdrawn tens of billions in funds from asset managers around the globe in order to make up for the fall in oil prices and cut exposure to volatile equities markets.
- Chinese industrial profits posted the biggest drop since 2011 in August, when costs kept rising but prices kept falling. During August, profits of industrial companies dropped 8.8% from a year earlier, the biggest one-year fall since the National Bureau of Statistics began monitoring such data in 2011. For the first eight months of 2015, profits were down 1.9% from a year earlier.
- U.K.-based mobile telephony giant Vodafone (VOD) ended talks with Liberty Global (LBTYA) regarding a possible exchange of selected assets between the two companies. Vodafone had confirmed in June the two companies were discussing the asset swap.
- Separatists won the majority of votes in elections in the rich Spanish region of Catalonia, which have largely been presented as a vote on independence. However, it is unclear whether this is enough to help the separatists break away from Spain and adds to uncertainty ahead of general elections in December.
More from China
Biden Visits Korea and Japan With Rare Opportunity
On his first Asia spin as president, Joe Biden will find a surprisingly warm welcome, and is due to launch an economic framework for US-Asia relations.
A Dovish China Provides Some Support as Underlying Action Strengthens
The People's Bank of China is trying to help prop up the struggling Chinese real estate market by cutting interest rates.
Steve Wynn Accused of Working for China to Lobby Trump
If Elon Musk proceeds to buy Twitter, he would surely face censorship pressure stemming from Tesla's Shanghai factory, as Steve Wynn's experience shows.
Here Are Ways to Gain Emerging Market Exposure While Sidestepping China Risk
If you'd prefer to avoid the headline risk that comes with investing in China, here are a couple ETFs to consider.
Markets, Not So Confident Fed, Stocks Losing Streak, China Economy, My Trades
This week's earnings focus will be on the retailers with rivals such as Walmart and Target, as well as Home Depot and Lowe's reporting.
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