The US government has given Chevron and four oil service providers permission to keep working in Venezuela for another three months, extending their exemption from oil sanctions that have hit the rest of the industry in the South American country to a full year.

Stamps.com rallied more than 20 per cent late on Monday after UPS said it had partnered with the company to provide discounted shipping rates to customers.

Wall Street rallied on Monday, boosted by trade optimism and tracking gains in global stocks, while the pound fluctuated against the backdrop of the Brexit drama.

Halliburton pledged to keep cutting costs in its North American operations during the current quarter in news that propped up its share price and helped a softening outlook.

Germany’s central bank warned the country’s economy may have shrunk for its second consecutive three-month period, which would mean the eurozone’s biggest economy has entered its first recession in six years.

BHP, the world’s largest miner, said it expected to make a multimillion-pound provision this year due to a switch from coal to renewable sources of energy in Chile.

The pound held its recent gains on Monday as traders waited to find out whether Boris Johnson would be granted another vote on his Brexit deal, after a Commons defeat at the weekend left him scrambling to meet his commitment that the UK would leave the EU by October 31.

Namal Nawana has quit as chief executive of Smith & Nephew after 18 months because the UK medical devices company could not meet his pay demands.

ESR Cayman, an Asia-focused logistics company backed by Warburg Pincus, is looking to raise as much as $1.45bn in a revived Hong Kong initial public offering, in the latest example of a company opting to brave the political unrest that is rocking the Asia finance hub.

Japanese exports fell for a tenth straight month in September, dropping at a sharper pace than forecast as shipments to China and South Korea slipped.

The fate of the UK’s Brexit deal, an interest rate call by the European Central Bank and an election in Canada will headline a busy week of geopolitical developments and economic news.

Global stocks were in the red as data showed China’s economy grew at its slowest pace in almost three decades and Mario Draghi said there were “mild signs” of overvaluation in financial and property markets within the euro zone.

Finance ministers and central bank governors from the world’s most important economies gave their backing to international efforts to find a new way of taxing the profits of multinational companies.

JPMorgan Chase chief executive Jamie Dimon has said he would “do anything” to avoid buying “irrational” negative interest rate bonds, as concerns mount about the world’s $17tn pile of negative rate debt.

The holiday season may not be so jolly for some retailers and fashion brands, which could fall victim to a new wave of store closures if holiday sales disappoint.

Schlumberger took a $12.7bn impairment, mostly related to its 2010 takeover of drilling equipment maker Smith International, driving the world’s biggest oilfields services group to a reported net loss in a third quarter characterised by increased market uncertainty.

Shares in Danone fell as much as 8 per cent on Friday morning, their biggest single-day decline in a decade, after the French food group lowered its full-year sales outlook. 

Renault shares fell sharply after cutting sales and profit guidance for the year, in one of the first acts by its interim chief executive Clotilde Delbos to try to restore order to the crisis-riddled French carmaker.

Logistics group Wincanton became the latest potential suitor for Eddie Stobart when it approached the Woodford-backed haulage group over a possible merger.

Hong Kong protests have caused regional revenues at InterContinental Hotels Group to drop my more than a third, while trading conditions are also tough in the US and mainland China, the company said on Friday.

The London Stock Exchange Group has begun the search for a new chief financial officer after it said David Warren will retire once he has helped to complete the planned $27bn purchase of Refinitiv, the data and trading group.

Japan’s consumer price growth fell to a near two-and-a-half-year low in September, data showed on Friday, which could increase pressure on the central bank to further ease monetary policy.

Stocks on both sides of the Atlantic pushed higher as investors welcomed an agreement on the UK’s Brexit deal with the EU and Wall Street got an additional boost from upbeat earnings in the US.

Juul Labs will cease US online sales of its fruity-flavoured e-cigarette pods as it battles a “lack of trust” and pressure from regulators over the health effects of vaping.