Oil prices plunged again on Tuesday, with Brent crude seeing its 2018 gains wiped out as concerns about swelling global supplies continued to sour sentiment among investors.

Foot Locker, purveyor of “fire” kicks and sportswear, bucked a broad trend among retailers by painting an upbeat outlook for the critical holiday shopping season and delivering better than expected growth in a key sales metric.

France’s Renault has appointed an interim leadership team as it seeks to steady the ship following the arrest of its boss Carlos Ghosn this week in Japan.

Oil and gas stocks led Wall Street lower, outweighing a recovery for technology stocks, in an otherwise bruising session for equities that at one point saw the S&P 500 enter correction territory and the Nasdaq Composite turn negative for the year.

Goldman Sachs on Tuesday cut its price target for Apple shares for the third time this month, with analysts at the bank warning of deteriorating iPhone demand in China and emerging markets.

US President Donald Trump has sought to draw a line under the killing of Jamal Khashoggi, announcing that “we may never know” all the facts of the case as he said the US would remain a “steadfast” partner of Saudi Arabia.

The Swiss franc is leading the way among some of the most common investor havens as market volatility has risen this month.

Many quant hedge funds have been hammered this year by market volatility, but some funds are still getting their timing right on trades.

Shares in MTS, Russia’s largest mobile operator, fell five per cent on the Moscow exchange on Tuesday after the company revealed it set aside Rbs55.8bn ($843m) for a possible fine to settle a US investigation over its Uzbek operations.

Poland’s central bank has temporarily eased the reserve requirements for the small Polish lender, Idea Bank, as it battles to contain the fallout from bribery allegations that have unnerved the country’s financial sector.

US stocks pulled back from their session lows on Tuesday as technology shares pared their losses.

Wall Street’s main equities volatility barometer rose to its highest level in three weeks, as US stocks were hammered by another wave of selling at the start of trading on Tuesday.

Turkey’s currency was squeezed on Tuesday amid souring of market sentiment and after the country’s finance minister said commercial interest rates would carry on dropping in the following months.

Condé Nast is shutting its print edition of Glamour magazine, as the company behind glossy titles such as Vogue grapples with the tough landscape for print media.

The EU has reached a preliminary agreement to cap cadmium levels in fertilisers, in a long-awaited move seen as giving advantage to Russian fertilisers.

Take a picture, will it last longer? A more than 4 per cent slide in oil prices has seen the energy sector push past tech to be the S&P 500’s worst performer in morning trade.

A widely tracked measure of US inflation expectations fell to its lowest level of 2018 on Tuesday, as fears over a slowdown in global growth intensified.

French car giant Renault is expected to appoint an interim chairman and chief executive team at this evening’s board meeting following the arrest of current boss Carlos Ghosn in Japan.

Campbell Soup said on Tuesday its turnround plan started to pay off in the most recent quarter, stemming sales declines in its US soup business and driving growth for V8 juices, as the company looks to fight off a challenge from an activist investor.

BTG, the esoteric life sciences group with roots in old British industrial policy, has agreed to be acquired by US medical devices company Boston Scientific for £3.3bn in cash amid a flurry of takeovers in the UK healthcare sector.

A year ago, bitcoin was near the peak of a frenzied rally to almost $20,000 — a surge that fired up crypto enthusiasts who declared that the digital currency revolution would render fiat money and traditional finance useless.

Wall Street stumbled again on Tuesday and the Nasdaq erased its gains for the year as tech came under pressure again and retailers took a hit following a mixed batch of results.

GAM, the Swiss fund manager, plans to cut about 10 per cent of its 188 investment professionals as part of a broader restructuring of its equities and fixed income teams put in place by interim chief executive David Jacob.

Brussels has approved Takeda Pharmaceutical’s £46bn takeover of Shire with conditions, an important milestone for Japan’s biggest overseas takeover.