Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed U.S. interest rates in an emergency move and its major peers offered cheap U.S. dollars in a bid to prevent global lending markets seizing up.
At least three Australian takeovers potentially worth a combined $1.2 billion are facing lower prices and contract conditions, three sources said, as financial market turmoil sparked by the coronavirus has made it difficult for advisers and bidders to put price tags on deals.
British retailer Laura Ashley warned on Monday it would need additional funding to meet its ongoing working capital requirements, just a month after saying it has access to sufficient cash to meet its immediate needs.
Health authorities across South Asia reported rising tallies of coronavirus cases on Monday, raising the prospect of rapidly spreading outbreaks overwhelming poor medical facilities in a region that is home to a quarter of the world's people.
(RTTNews) - Asian stocks fell on Monday despite the emergency rate cuts by the U.S. Federal Reserve and the RBNZ and a fresh round of liquidity injections in China. Weak economic data from China added to investor worries about coronavirus spread.
International bonds issued by borrowers in the Gulf extended losses on Monday, including Saudi government bonds and those issued by its oil giant Saudi Aramco, as the coronavirus outbreak and tumbling oil prices continued to hit the region's debt and equity markets.
Novacyt, a healthcare company specialising in clinical diagnostics, said on Monday the British government had started on orders for its product that is aimed at carrying out tests on the coronavirus that has killed thousands across the world.
South Africa's rand weakened against the dollar on Monday as the deepening coronavirus crisis roiled financial markets, with focus shifting to the central bank interest rate decision due later in the week.
France is struggling to curb the spread of the coronavirus pandemic in the country, its top health official Jerome Salomon said on Monday, as authorities consider whether to implement a partial lockdown.
Japanese government bond prices dropped on Monday after the Bank of Japan expanded its purchase of riskier assets but refrained from cutting interest rates deeper into negative territory.
Google sister company Verily launched a website late on Sunday that invites adults in northern California to answer questions about their recent health and travel that could result in their getting a free coronavirus test.
Australia's Commonwealth Bank said on Monday it will not contest two lawsuits by the country's corporate regulator that stemmed from a government ordered inquiry into the financial sector for wrongdoing.
The Honduras was in a state of near lockdown on Monday after the government decided to send public and private sector workers home, temporarily call off flights, and suspend public transport to halt the spread of the coronavirus.
South African hotel and casino operator Sun International reported a 91% jump in adjusted full-year earnings on Monday and said it was preparing its operations for any possible disruption due to the global coronavirus outbreak.
Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots.
Germany's second-largest steelmaker Salzgitter on Monday said it expects revenues to rise in 2020, pointing to an improvement in its core market Europe, where cheap imports have weighed on prices and margins.
(RTTNews) - Salzgitter Group (SZGPF.PK) reported that its fourth-quarter net loss was 207.5 million euros or 3.83 euros per basic share, compared to net income of 83.7 million euros or 1.55 euros per basic share in the same quarter last year.
Zimbabwe's year-on-year inflation was 540.16% in February, statistical agency Zimstat said, as the southern African nation resumed publishing annual consumer price data it suspended last year.
Reuters
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