By the middle of Tuesday's London trading, global stock indices had declined to a two month low level, as trade tensions and Brexit caused a run to safety.
After trading sideways during the morning hours, crude oil price benchmarks fell just before midday, as it was revealed that OPEC has increased production instead of the previously announced decrease.
On Tuesday, Reuters reported that hotels in Singapore have majorly profited due to the turmoil in Hong Kong, as major South East Asian events have changed location.
On Tuesday, European stock indices declined for the first time during four trading session. The move was caused by Brexit uncertainties.
On Tuesday, the British Pound neared a two year low level, as Brexit politics beat down the value of the currency.
The global mining giant Glencore on Tuesday won a tax dispute with the Australian Taxation Office, saving the company $62.5 million.
On Tuesday, the Australian Dollar's value was boosted by the first ever current account surplus in more than four decades.
During Tuesday's Asian trading, global stock indices declined, as US-China trade war continued.
During Tuesday's Asian trading session, crude oil price benchmarks were mixed, indicating that prices could remain flat during the day.
On Tuesday, the Chinese tech company Xiaomi announced a $1.5 billion share buyback. The event caused a seven percent surge of the company's stock price.
The UK retailers saw sales flat-line last month with average sales growth falling to zero from the slowest 0.3% in July, as shoppers decreased spending on non-essentials and stockpiled food before Brexit, surveys revealed.
South Korea's year-over-year inflation in August dropped to an all-time low, being unchanged in August and missing a 0.2% increase forecast, as farm products' prices fell on improved weather, while consumer demand was still weak.
Activity in the Mexican manufacturing sector declined for a third month in succession in August, with the HIS Markit's PMI at 49.0, as weakening local demand and subdued sentiment weighed on the economy.
Saudi Arabia named Yasir al-Rumayyan, the head of the sovereign wealth fund PIF, as the state oil giant Aramco's chairman, replacing Khalid al-Falih, the Energy Minister, Bloomberg reported.
The UK lenders approved the biggest number of mortgages in two years or 67.3K during July, suggesting that the housing market has stabilised from the pre-Brexit slowdown.
German export-dependent manufacturing sector was still in contraction in August, with the IHS Markit's PMI rising slightly to 43.5 points, survey revealed on Monday, as falling demand pushed firms to cut jobs and scale back production.
The budget deficit in Italy is expected to be falling to 1.6% of GDP in 2020 from an anticipated 1.9% in the year of 2019, sources familiar with the matter told Reuters.
The UK Manufacturing PMI declined to 47.4 last month from 48.0 in the prior month, a full point below the median forecast, rocked by the Brexit crisis and the downturn globally, suggesting lower chances of the economic rebound in the Q3, a survey revealed.
On Monday, the business daily publication Handelsblatt reported that VW has retained access to US government contracts.
ECB Board Member Mersch stated on Monday that the Facebook's proposed Libra currency could undermine monetary policy.
On Monday, the Markit Purchasing Managers Index release for the Euro Zone revealed that the manufacturing sector has continued to decline in August.
During the early hours of Monday's London trading hours, the EUR/USD currency exchange rate remained below the 1.10 level. The event was attributed to concerns over the future of EU exports.
UK's Former Justice Minister David Gauke stated on Monday to BBC Radio that the government of the United Kingdom intends to have a general election to purge no-deal rebels.
On Monday, Norwegian Air asked its bond holders to extend the maturity of debt up to two years. The company has suffered losses due to a rapid expansion.