Chinese and US negotiators held talks in Shanghai Wednesday in a bid to bring an end to a year-long trade war, with the meeting overshadowed by a Twitter tirade from President Donald Trump.

Washington and Beijing have so far hit each other with punitive tariffs covering more than $360 billion in two-way trade in a row centred on demands for China to curb the alleged theft of American technology and provide a level playing field to US companies.

Stock markets on both sides of the Atlantic fell on Tuesday after U.S. President Donald Trump lashed out at Beijing just as trade talks resumed, dealers said.

U.S. President Donald Trump on Tuesday called on the Federal Reserve to cut the benchmark interest rate significantly, moments before the central bank was due to open its two-day policy meeting.

Germany's constitutional court on Tuesday ruled that the European Union's so-called banking union with shared supervision and liquidation structures for major lenders was in line with national and EU law.

US and Chinese negotiators meet in Shanghai on Tuesday to resurrect trade talks between the world's two biggest economies, with both sides downplaying expectations of an imminent deal.

Ride-hailing giant Grab is investing $2 billion in Indonesia over the next five years, using funds from Japan's SoftBank Group to boost its presence in Southeast Asia's biggest economy, the firms said Monday.

China Monday said the U.S. threat to pull recognition of China's "developing nation" status at the World Trade Organisation showed its "arrogance and selfishness," ahead of crucial trade talks this week.

London stocks rallied Monday on corporate takeover news, while the pound sank to a two-year dollar low on festering Brexit concerns, dealers said.

Pfizer announced Monday it will combine its off-patent drug business with the generic drugmaker Mylan to create a global leader in low-cost treatment, as drugmakers face intense political pressure to drive down prices in the United States.

Saudi petrochemicals giant SABIC said on Sunday its net profits for the second quarter and first half of this year dived due to a sharp decline in product prices.