Today's top business headlines: - Trade war fears linger on Wall Street - US budget deficit rises 27% through July - Report: Starbucks' pumpkin spice latte returns this month - Nike launches subscription service for kids
US stock futures are lower after a rough start to the week. The Dow closed down nearly 400 points, or 1.5%, on Monday. The S&P 500 and the Nasdaq fell 1.2%.Stocks in Asia followed suit on Tuesday. Hong Kong's Hang Seng tumbled 2.1% as protesters targeted the city's international airport for a second day. Japan's Nikkei fell 1.1%.In Europe, Britain's FTSE 100 shed 0.5% in early trading.
The global growth outlook has weakened in part because of escalating trade tensions between the United States and China, Singapore's Ministry of Trade and Industry said.A recession looks unavoidable for Singapore, Sian Fenner, lead Asian economist for Oxford Economics, wrote in a research note.3. Argentina's rout: Emerging markets are back in the headlines after a surprise result in Argentina's primary election sent the country's currency and stocks plunging on Monday.
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