Market volatility is traditionally a boon for brokers and banks hungry for client activity. But the latest bout may signal growing unease about a six-year-old bull market that owes much to repeated central bank largesse.
Oil prices fell sharply on Tuesday after official data showed China's manufacturing sector, one of the main engines powering the world's biggest energy consumer, contracted at its fastest pace in three years
Financial industry software maker Fidelity National Information Services Inc. said it would buy SunGard Data Systems Inc. for $9.1 billion including debt, scooping up one of the longest-held investments in private-equity history.
Barclays axed its CEO just three years after he began the job in the name of strategic change and increased shareholder returns. This may be the first of many changes at the bank following a rate-fixing scandal.