U.S. stock futures dropped on Monday,
after data showed China's exports unexpectedly shrank the most
in two years, raising fears of a sharper slowdown in global
economic growth and its impact on corporate profits.
Global stock markets and
commodities took a hit on Monday after a shock contraction in
Chinese trade pointed to deepening cracks in the world's
second-largest economy and sparked fears of a sharper slowdown
in global growth.
Sri Lanka will repay a $1
billion five-year sovereign bond due on Monday entirely from its
reserves, central bank governor Indrajit Coomaraswamy said,
after three of its state-run banks failed to raise funds from
The U.S. Federal Reserve is
wary of giving "fintech" firms such as OnDeck Capital Inc
or Kabbage Inc. access to the country's financial
infrastructure, putting the central bank at odds with other
regulators looking to bring them into the fold.