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.
Britain's FTSE 100 index is seen opening 116 points higher at 6,697 on Monday, according to financial bookmakers, with futures up 2.15% ahead of cash markets open.
South African President Cyril Ramaphosa said on Monday that "focused discussions" would be needed between the government and trade unions on ways to slow the rate at which public sector wages are growing.
Ninety One, the asset management arm of South Africa-based banking group Investec, said it was pressing ahead with its listing on March 16, despite the recent sell off in markets sparked by the spread of coronavirus.
(RTTNews) - Merck said the National Medical Products Administration of China has approved ERBITUX for the first-line treatment of patients with recurrent and/or metastatic squamous cell carcinoma of the head and neck in combination with platinum-based therapy with fluorouracil.
(RTTNews) - German Cloud and ICT provider QSC AG (QSCGF) Monday reported that fiscal 2019 consolidated net income was 73.5 million euros, including charges related to the sale of Plusnet and new planning. EBITDA was 140.3 million euros.
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