CNBC World News

Both firms have scrapped dividend payments on 2019 results.

Retail sales in China rose 0.5% in August from a year ago — the first positive report for the year so far — according to the country's National Bureau of Statistics.

The next big shock to the oil industry could be yet another hit to demand, adding to the destruction already seen this year, analysts said at the S&P Global Platts' Platts Asia Pacific Petroleum Virtual Conference (APPEC) 2020.

Developing Asia, which includes countries like China, Indonesia and Singapore, will contract this year for the first time in nearly six decades, the ADB said.

Former Nissan Motor Co Ltd executive Greg Kelly denied charges he helped ex-boss, Carlos Ghosn, hide income as the American lawyer's trial opened in Tokyo on Tuesday almost two years after Japanese prosecutors arrested the pair.

Governments have done the right thing to increase borrowing and spending to support their slumping economies, said Tharman Shanmugaratnam, Singapore's senior minister and coordinating minister for social policies.

Chinese consumers stepped up their spending in August, in a sign of further economic recovery from the shock of the coronavirus pandemic.

Investors can take advantage of any "risk-off" mode in the markets if tensions between the U.S. and China rise, said Choi Heenam, CEO of Korea Investment Corp.

According to Deloitte, holiday retail sales this year should rise between 1% and 1.5%, amounting to between $1.147 trillion and $1.152 trillion during the November-to-January time frame. That's compared with growth of 4.1% in 2019.

The coronavirus has infected more than 29.13 million people globally as of Monday, killing at least 925,820 people so far.

The philanthropist and technologist said that it shouldn't be "just the rich countries winning a bidding war." 

The U.S. ambassador to China will step down early next month, ending a three-year tenure marked by a trade war and increasingly bitter relations between the world's two largest economies.

The EU and China are having a meeting on Monday to take stock of their investment negotiations. However, experts doubt that there will be any major developments.

BTIG's Julian Emanuel predicts another correction will hit stocks before Election Day.

TikTok is banking on Trump moving off public comments about a full sale to avoid a ban with its Oracle proposal.

Stocks rose as a slew of corporate deals and positive news regarding coronavirus vaccine research sparked a broad market rally. 

Shares of Tesla moved higher on Monday, amid a broad rally in the technology sector.

PepsiCo is launching a new enhanced water drink called Driftwell.

The Hummer EV pickup is expected to be the first to market with the automaker's next-generation Ultium battery system. It will be unveiled online Oct. 20.

Advance bookings for the winter holidays are down by double digits as of mid-September, but a trend toward last-minute trips and more generous terms from hosts and airlines might help mitigate an otherwise gloomy travel and tourism season.