Confidence among German business leaders hit a "euphoric" all-time high in July, the Munich-based Ifo institute said, beating analysts' expectations of a small decline.

Anglo-Dutch energy giant Shell said Tuesday it has shut down a key crude supply pipeline in Nigeria's restive south because of a leak.

The European Union warned Turkey on Monday that its economy could be harmed if growing tensions with the bloc, and especially with Germany, get out of hand.

The dollar suffered fresh losses on Monday, while Asian markets mostly rose as investors await a Federal Reserve policy meeting and the release of big-name earnings results.

Economic growth in the Middle East and North Africa is forecast to slow considerably over oil prices as the Saudi economy slides, the International Monetary Fund said on Monday.

The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday.

German luxury carmaker BMW on Sunday denied any collusion with industry rivals on emissions from its diesel engines, saying none of its models had been "manipulated" or violated industry regulations.

After tightening monetary policy last month for the second time this year, the U.S. central bank is expected to pause for the next few months to monitor developments.

Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing.

Police in Rajasthan have cracked a criminal syndicate accused of smuggling more than 50 million liters of crude oil inside water tankers from India's largest onshore oilfield, an official said Sunday.