CNBC World News

Virgin Australia's creditors voted to sell the company to private equity firm Bain Capital months after Virgin entered administration amid the coronavirus crisis.

Overnight on Wall Street, the Dow Jones Industrial Average plunged 807.77 points, or 2.8%, to 28,292.73 — its biggest one-day decline since June 11.

The globally-acclaimed pianist Lang Lang has said he's very worried about the current relationship between China and the U.S., and is planning a virtual concert to try and help bring the countries together.

When stock buying starts to get giddy, at some point, the froth has to blow off.

Chinese state media accused India of trying to stir up nationalist sentiment an decouple economically from China by banning 118 Chinese apps.

The by-products and waste-streams of agricultural processes could have a role to play in the generation of energy.

Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organize for a state fund, the Bernama state news agency reported.

Antarctica Flights operates 12-hour sightseeing tours over the continent that take off and land on the same day. Passengers say its a cheaper, easier and warmer way to tour expanses of the polar region.

Tech stocks — the market leader since late March — led the decline overnight, with the Nasdaq Composite falling by 5% by the session close.

India has banned 118 Chinese apps amid rising tensions with China. The crackdown on Chinese technology firms presents an opportunity for Silicon Valley giants in what they see as a crucial market for future growth.

Financial firms in Hong Kong are scrambling to fortify their compliance operations following U.S. sanctions and China's new national security law, even as the sector pushes to cut costs amid the coronavirus pandemic.

President Donald Trump's administration is looking into banning more Chinese apps that could pose a national security threat, White House chief of staff Mark Meadows said late Thursday.

China's authorities aim to dispose 3.4 trillion yuan ($497 billion) worth of bad loans from the banking sector this year — only one-third of that have been written off, said Fitch.

ANZ CEO Shayne Elliott told a parliamentary hearing the bank still did not know the true impact of the virus on the bank's roughly A$246 billion ($179 billion) mortgage book since customers could pause repayments if they could not make them.

Less than six months ago, it appeared Chinese telecom giant Huawei was winning over America's European allies. Now, countries that decided to allow Huawei to build their 5G networks are waking up to the dangers posed by allowing Chinese state-directed companies into their infrastructure.

The company had flagged it would sell 41.91 million shares in the deal and the price is a 4.8% discount to the stock's Thursday closing price of $55.92 in the U.S.

The Premier League has ended a major contract with Chinese streaming service PPTV that's worth around $650 million.

The additional vacation day just before Labor Day comes as Google executives try to offer support for employees working remotely.

The forthcoming trading sessions will show whether investors are basing their plays on liquidity or fundamentals, Allianz Chief Economic Advisor Mohamed El-Erian said.

Bryn Talkington of Requisite Capital Management and Karen Firestone of Aureus Asset Management say the high flyers in the Nasdaq were due for a retracement.