Wall Street plunged Tuesday after investors feared weak data from China, the world’s second-largest economy, would lead to a global recession. China’s manufacturing sector suffered its quickest deterioration in over six years, leading to a three-year market low and other sectors of the Chinese economy also slowed down significantly. In response, all three major U.S. stock indices, the Dow Jones,... 

Portuguese Finance Minister Fernando Teixeira speaks during a parliamentary debate on the govenment’s controversial stability and growth program. As Greece barreled closer to the edge of a debt default this week, fears that the crisis would infect other countries rattled the world’s financial markets. “It’s not a question of the danger of contagion,” Angel Gurria, the...