Indonesia unveiled new measures on Monday to stabilise its financial markets and support growth in Southeast Asia's largest economy, amid capital outflows linked to the coronavirus outbreak as it reported its first confirmed cases.
Hong Kong's retail sales fell for the 12th consecutive month in January, weighed down by a coronavirus outbreak following months of often violent anti-government demonstrations.
Tens of thousands of ethnic Uighurs were moved to work in conditions suggestive of "forced labour" in factories across China supplying 83 global brands, an Australian think tank said in a report released on Sunday.
The Swiss National Bank looked to be stepping up its interventions in the foreign exchange market to stem the rise of the Swiss franc triggered by the coronavirus epidemic, data on Monday indicated.
Central European assets rebounded on Monday as hopes for a coordinated response by central banks to deal with the impact of the coronavirus boosted risk appetite across emerging markets.
Italy's economy grew slightly more than expected in 2019 while the budget deficit as a proportion of national output was far lower than targeted and the lowest for twelve years, data showed on Monday.
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development warned on Monday, urging governments and central banks to fight back to avoid an even steeper slump.
Indian drugmaker Sun Pharmaceutical Industries Ltd said on Monday there was a shortage of its generic version of hypertension drug pindolol due to unavailability of supply of the drug's ingredients.
NMC Health said it would ask for an informal debt standstill to stabilise the UAE-based hospital operator's finances as it confirmed on Monday that Moelis would advise it in talks with banks.
Spain's manufacturing sector returned to growth in February, breaking an eight-month contraction thanks to slight gains in output and orders, while employment slipped at the slowest pace since last May, a survey showed on Monday.
London-listed shares bounced back on Monday as investors hoped of further monetary stimulus from central banks to mitigate the economic impact of the coronavirus epidemic.
Most major Gulf stock markets steadied on Monday after sharp losses in the previous session, on rising expectations of a coordinated global monetary response to help soften the economic blow of the coronavirus outbreak.
Insurer Hiscox has received small claims related to the coronavirus outbreak, it said on Monday, after reporting a plunge in 2019 profits as claims spiked due to typhoons and hurricanes.
The dollar was on the back foot on Monday as growing expectations of U.S. interest rate cuts to cushion the impact of the coronavirus stemmed some safety flows into the greenback.
Looming over the skyline of Teesside in northeast England stands the rusting hulk of what used to be Europe's largest blast furnace, which shut in 2015 with the loss of more than 2,200 jobs.
British Boeing supplier Senior expects sales and margins across its divisions to shrink in 2020, weighed down by the halt in production of 737 MAX jets and by weaker demand from its clients in the car and oil and gas industries.
Reuters
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