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.
HONG KONG (Reuters Breakingviews) - An ice-cold Luckin could reheat the competition for China’s coffee drinkers. The reeling chain, once worth $12 billion, is being kicked off the Nasdaq for fraud. Its brand may be toxic, but some of its assets – and ideas – will b
Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus.
(RTTNews) - Asian stock markets are mostly higher on Monday despite the lackluster cues from Wall Street Friday amid concerns over rising U.S.-China tensions. Optimism about a recovery in growth following the reopening of economies and hopes about more stimulus measures by globa
China, the world's top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
A gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States, with Hong Kong shares extending losses on mounting fears about future stability in the city.
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