Nasdaq News

Global shares inched higher on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.

Brazilian retailer Magazine Luiza SA on Monday reported a 11.4% drop in fourth-quarter net income year-on-year, as the group took a hit on margins to achieve record total sales growth.

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(RTTNews) - BWX Technologies Inc. (BWXT) said Monday that the U.S. Naval Nuclear Propulsion Program has awarded subsidiary BWXT Nuclear Operations Group Inc. new contracts with options totaling about $1 billion for the manufacture of naval nuclear reactor components.

STFA Investment Holding and Swiss Partners Group Holding have mandated Citigroup for a potential sale of Enerya, a leading natural gas distributor in Turkey, three sources familiar with the matter told Reuters.

A Spanish court hearing set to look into the case filed by French media group Vivendi against Italian broadcaster Mediaset has been postponed without a new date, two legal sources said on Monday, citing a "procedural issue".

India summoned the Turkish ambassador on Monday to lodge a diplomatic protest over President Tayyip Erdogan's remarks on the disputed region of Kashmir and warned it would have a bearing on bilateral ties.

Vodafone and Telecom Italia have offered concessions to address EU antitrust concerns about their plan to merge their mobile tower infrastructure, a filing on the European Commission website showed on Monday.

(RTTNews) - European stocks were moving higher on Monday after China pumped in more stimulus to counter the economic hit from the coronavirus outbreak that has claimed over 1,700 lives.

Meituan Dianping, China’s on-demand service giant, said on Monday it has waived all commission fees for restaurants and other local services nationwide throughout February, to help businesses cope with the coronavirus outbreak.

The Syrian army said on Monday it had taken full control of dozens of towns in Aleppo's northwestern countryside and it would press on with its campaign to wipe out militant groups "wherever they are found".

(RTTNews) - U.K. stocks eked out modest gains on Monday, with resource stocks gaining ground after Chinese policymakers ramped up support for the economy and companies that have been hit by a slump in sales and activity.

China's southern province of Hainan has launched the first specially-designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said.

(RTTNews) - French stocks were little changed in cautious trade on Monday after Chinese authorities reported a slight upturn in new virus cases.

1/CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause, for all of 24 hours. Then attention shifted back to the global case-count and the rally resumed. But while investors are focused on containment, the world's second-biggest economy is idling. President Xi Jinping may have urged officials to refrain from "more restrictive measures," to limit the economic fallout, but that's happening anyway. Steel mills lack supplies for want of drivers. Empty restaurants are throwing out food. Out at sea, freighters are scrambling to re-route perishables, including several hundred containers of chilled chicken feet. Automaker GAC allows only half its employees to work each day at its Guangzhou headquarters, and it's a similar story at many other companies.

Cathay Pacific Airways is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday.

A gauge of how Britons feel about their household finances hit its highest level on record this month, the latest sign of a confidence bounce since Prime Minister Boris Johnson's decisive election win in December.

(RTTNews) - German stocks edged higher on Monday amid signs that Chinese authorities are prepared to boost stimulus measures to limit the economic impact of the coronavirus outbreak.

European shares hit a record high on Monday, with automobile stocks leading gains amid fresh attempts by China to limit the economic impact of the coronavirus outbreak.

Australia's QBE Insurance Group said on Monday climate change could make some premiums unaffordable, especially for customers exposed to extreme weather events, and was a "material risk" for its operations across the globe.