NEW YORK (Reuters) - U.S. stocks were trading lower on Monday after China's finance minister indicated the country will not increase stimulus measures and housing data fell short of expectations.
It took a conference room full of bankers and executives from Alibaba Group Holdings Ltd. more than nine hours to hash out the final sale of the Internet giant's $25 billion stock offering.
Stephen Heintz, left, with Valerie Rockefeller Wayne and Steven Rockefeller on Tuesday. Credit Hiroko Masuike/The New York Times. Continue reading the main story.
Economic activity in the euro area has slowed and there's a risk of a further downturn, European Central Bank President Mario Draghi said.
Concerns over China's economy and a fresh profit warning by British retailer Tesco kept global stock markets in check Monday, while silver fell further to its lowest level in over four years.