Hyundai Motor Company revealed on Monday that the company would halt manufacturing in South Korea, as the coronavirus has caused a disruption of the supply of parts.
On Tuesday, the Danish beer brewer Carlsberg announced that the company's sales have declined in China. The fall of sales was attributed to the coronavirus.
Reuters published on Tuesday a report that stated that the travel restrictions that have been caused by the coronavirus could cost the US tourism industry $10.3 billion.
On Tuesday, Regeneron Pharmaceuticals and The US Department of Health and Human Services announced that they would develop a treatment for the coronavirus.
Eurostat reported that prices at factory gates in the Euro zone dropped 0.7% year-over-year in December, following a 1.4% fall in November, in line with expectations.
Google's main regulator in the EU, Ireland's DPC, launched an inquiry to establish whether Google has effective legal basis to process users' location data.
On Tuesday, Cathay Pacific Airways announced that the company intends to cut 30% of capacity by reducing 90% of flights to China.
Representatives of BP on Tuesday revealed that the company would raise its dividend. The announcement caused a 4.5% surge in the company's stock price.
On Tuesday, Reuters revealed that the Indian government intends to issue new bonds that would be valued $5 billion.
Officials of the United Kingdom stated on Tuesday that starting from 2035 the UK would ban new petrol and hybrid cars.
On Tuesday, it was announced that the Dutch lender ING would pay a fine of 30 million EUR for a funds laundering case.
On Tuesday, Asian shares steadied in choppy trade, as the Chinese Yuan recovered some lost ground, firming 0.2% to 7.0049 per the US Dollar, while the MSCI's broadest surged by 1.0%.
The White House said on Monday that China has accepted its offer to have the US health experts visit the country, as a member of the WHO mission to study and help fight the coronavirus.
The Chinese Yuan and the equity and commodities markets remained stable on Tuesday. The Shanghai Composite opened 2% lower, before clawing its way back from losses to stand 0.6% stronger.
On Tuesday, the People's Bank of China has flooded the Chinese economy with a huge amount of cash to stabilise and restore market confidence.
On Monday, WeWork named a real estate veteran Sandeep Mathrani as the company's new CEO. Mathrani would lead the company in a turnaround.
The Chancellor of Germany Angela Merkel stated on Monday that she is ready to back changes to the Lisbon Treaty that is the foundation of the EU.
On Monday, European Union and United Kingdom politicians clashed over a post-Brexit trade agreement, as the two vision of future differed. The situation caused a decline of the GBP.
During Monday's trading, crude oil prices declined, as during the weekend it was revealed that during January Russia had increased not cut oil production.
During the early hours of US trading, on Monday, stock indices surged. The move upwards was caused by an influx of Chinese central bank funds into the global markets.
During Monday's European trading session, safe haven assets declined in value, as the recent run to safety had ended due to China adding billions in liquidity to global financial markets.
On Monday, it was revealed by Reuters that due to coronavirus production has been stopped at a Foxconn factory that produces parts for Apple.
Julius Baer is set to cut 300 jobs in 2020, as the Swiss wealth manager seeks to increase profitability after its earnings dropped during 2019.
The Russian economy rose at 1.3% pace in 2019, preliminary report showed on Monday, slightly exceeding economists' expectations.