Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group's state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector.
- WorldChina's Xi arrives in Russia to meet Putin over Ukraine war
Russian President Vladimir Putin hosted Chinese President Xi Jinping to Moscow on Monday hoping for support against Western pressure over his war in Ukraine while Xi is expected to emphasise China's plan to act as a peacemaker over the conflict.
- MarketsMorning Bid: Fed halt being priced as bank blaze smoulders
A look at the day ahead in U.S. and global markets from Mike Dolan
- BusinessRussian court freezes all Volkswagen assets in Russia
Volkswagen was one of a string of foreign carmakers that suspended operations in Russia after western countries imposed unprecedented sanctions on Moscow over the conflict in Ukraine.