Alibaba has unveiled a major shake-up of top executives and business units as the Chinese tech giant prepares to launch a secondary listing in Hong Kong.

Australian stocks rose while the country’s currency slipped after the central bank confirmed that it was likely to cut interest rates further. 

Odebrecht SA, one of the companies at the heart of Brazil's massive Car Wash corruption scandal, on Monday filed for bankruptcy protection.

China’s Treasury holdings fell to their lowest level in two years in April, heightening concerns about the impact of the Sino-American trade war on the largest foreign creditor to the US government.

Sterling fell to its weakest level of 2019 on Monday, as political uncertainty stoked by the Conservative leadership contest continued to drag.

Wall Street drifted higher following cautious trade across global markets, as investors kept their sights on a string of central bank meetings coming later this week.

The owners of the Independent and the Evening Standard newspapers have said there is no “proper legal basis” for an investigation into the sale of parts of the papers to a Saudi buyer, after the UK government last week said it was “minded” to intervene on public interest grounds.

A widely watched measure of volatility in Treasury markets hit its highest level since 2016, as investors gird themselves for potential price swings ahead of an important Federal Reserve meeting on Wednesday. 

Gloria Vanderbilt, artist, jeans designer and heiress descended from shipping and railroad tycoon Cornelius Vanderbilt, died on Monday at the age of 95. She suffered from advanced stomach cancer.

Business activity in New York state staged a record monthly drop in June to its lowest level since 2016, according to a survey from the New York Federal Reserve.

US homebuilder confidence unexpectedly fell for the first time this year in June due to concerns over trade and rising construction costs.

Lisbon-based philanthropic body the Calouste Gulbenkian Foundation said on Monday it had reached an agreement to sell Partex, its energy holding, to Thailand’s PTT Exploration and Production for $622m.

Citigroup is merging its rates and currencies businesses, in the first restructuring under new investment bank boss Paco Ybarra.

Jeremy Hunt has defended comments by Donald Trump on knife crime in London, following the president’s tweeting of a controversial rightwing polemicist blaming mayor Sadiq Khan for the rise in violence.

The lenders of Jet Airways decided on Monday to start bankruptcy proceedings, ending a desperate hunt to find a white knight investor to bail it out and finally marking the end of India’s oldest private airline.

Xi Jinping will travel to North Korea to meet Kim Jong Un this week, in the first visit by a Chinese president to the country since 2005.

Russia says reports the US has infiltrated its power grid in preparation for future cyber operations show Washington is preparing “a cyber war [and] cyber military activity against” Moscow.

Independent coffee shop chain Black Sheep Coffee has raised £13m in a new funding round, valuing the retailer at more than £100m as it cashes in on consumers’ seemingly unquenchable thirst for the drink.

Turkey’s central bank has opened a path to cheaper funding for banks that buy government bonds.

Shares in airlines across Europe fell on Monday after Lufthansa issued a profit warning, citing intense competition in the sector.

A subsidiary of Mubadala, the Abu Dhabi state investment company, has clinched a lucrative $6.5bn deal with Rolls-Royce to provide overhaul and repair services to the UK group’s Trent 700 engines.

Shares in a small London-listed oil and gas investor surged nearly 40 per cent on Monday after it claimed to have potentially discovered the largest onshore gasfield in the UK.

Airtel Africa is targeting a valuation of up to £3.6bn as it pushes ahead with a London listing, the continent’s second-largest mobile operator said on Monday.

Abu Dhabi National Oil Company is teaming up with Dutch chemical producer OCI to create a Middle East fertiliser powerhouse, the companies announced on Monday.