Nasdaq News

South African food producer Tiger Brands said on Monday it is looking at "significant" job cuts and won't pay an interim dividend as its business is hit by supply disruptions and margin pressures due to the impact of the coronavirus.

(RTTNews) - Asian stocks rose broadly on Monday as more signs of economies reopening around the world helped investors shrug off a flare up in U.S. China tensions.

As Japan eases coronavirus curbs following its first wave of cases, many small medical clinics are scrambling to stay afloat and the doctors who run them are calling for government support as patients keep away for fear of infection.

South Africa's rand held steady against the dollar early on Monday, a day after President Cyril Ramaphosa announced a further easing of the coronavirus lockdown from June 1, allowing the vast majority of the economy to return to production.

The Italian winter sports federation (FISI) will ask to push back the 2021 Alpine skiing World Championships in Cortina d'Ampezzo by a year because of uncertainties linked to the coronavirus, the head of the country's Olympic committee said.

Oil prices rose on Monday, erasing earlier losses, as countries around the world continued to ease lockdown measures imposed to combat the coronavirus pandemic, boosting hopes for a recovery in fuel demand.

Brad Keselowski won the Coca Cola 600 in a shootout on Sunday as NASCAR did its best to fill the sporting void created by the novel coronavirus shutdown with its longest ever race.

Metso's industrial valve maker Neles, plans to pay out around 40% of its net profit in dividends when it becomes a separate listed company following Metso's merger with Outotec.

Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.

Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.

Bernard Arnault, the billionaire behind luxury fashion group LVMH, has agreed to buy a stake in the holding company of fellow French billionaire Arnaud Lagardere, according to the holding companies of the two men.

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.

Switzerland's Bachem has begun round-the-clock production of Propofol, a drug needed to sedate ventilated patients whose plight during the pandemic -- prone, unconscious, hospitalised -- has become emblematic of COVID-19's hit to healthcare systems.

Israeli foodmaker Strauss Group said on Monday first-quarter net profit dipped due to higher taxes but revenue rose on growth in Israel and higher sales of its Sabra dips and spreads in the United States in March.

Italy's Benetton family and sovereign wealth funds from Singapore and Abu Dhabi have broken up a shareholders pact that controlled 29.9% of Spanish mobile phone towers operator Cellnex.

South African food producer Tiger Brands reported on Monday a 35% fall in half-year headline earnings and deferred its interim dividend due to uncertainty around the coronavirus pandemic.

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.

Virgin Australia Holdings Ltd's administrators have reached in-principle agreements with aircraft lessors covering the bulk of its fleet to wait until after Aug. 31 to repossess planes, to allow them to complete a sale, an affidavit showed.

Mexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus.

Australia's IOOF Holdings Ltd on Monday said a class-action lawsuit brought by shareholders last year alleging the wealth manager breached disclosure obligations will be discontinued with no payments to the plaintiffs.