Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China's economy.

Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according people familiar with the bank's plans.

For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter.

It would be "unconscionable" for Fiat Chrysler Automobiles not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview.

The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring Finance Secretary Rajiv Mehrishi told Reuters.

Japan's factory output contracted a worse-than-expected 0.6 percent on-month in July, official data showed on Monday, owing to lacklustre demand at home and as a slowdown in China weighs on exports.

India's economy grew at an annual rate of 7% between April and June, official figures have shown.

Syngenta AG may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto Co, the agrichemicals group's chairman told a Swiss newspaper.

China's currency devaluation and slowing economy have caused enormous turmoil in world financial markets, but they have not really bothered tourists like Henry Lee.

Japan's Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership.

A 14-member business delegation of Dutch-Bangla Chamber of Commerce and Industry (DBCCI) will visit the Benelux region—Belgium, the Netherlands, and Luxembourg—from September 6-12 to explore fresh trade and investment opportunities for Bangladesh.

Japanese inflation fell back to zero in July while household spending dropped again, official data showed on Friday, as a slowdown in China threatens Japan's already precarious economic picture.

Popular Japanese messaging app Line said Friday it was still considering plans for an initial public offering, after a report said it had shelved the sale for a second year in a row.

A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.

Vodafone India said on Friday it would launch fourth-generation (4G) mobile phone services in the country by the end of the year, joining rival Bharti Airtel in offering faster data services.

Capital streamed out of emerging-market economies in August as panicky investors dumped equities to the tune of $8.7 billion, according to data from the Institute of International Finance.

Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments.

Brazil has slipped into recession, the government said Friday, deepening the gloom in the world's seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal.

JAPAN on Friday kicked off the "World Assembly for Women" conference, with Prime Minister Shinzo Abe pledging to shake up a corporate culture at home that discriminates against female workers.

The global stock market rout of the past week was sparked by concerns over a possible interest rate rise by the US Federal Reserve and not by the devaluation of China's yuan currency, a senior Chinese central bank official told the news agency.