Despite various market stimulus measures being enacted on Monday by the Federal Reserve, US stock indices continued to decline.
General Electric's aviation unit is set to slash its total workforce in the United States by around 10%, its CEO Larry Culp stated on Monday, due to delays in purchases made by airlines amid the coronavirus crisis.
Lilium, the German air taxi start-up, announced on Monday it raised $240M in extra funding led by the Chinese group Tencent, finalising its investment round at the higher valuation despite fears of the coronavirus outbreak.
On Monday, LVMH Group stated it has no plans to acquire shares of Tiffany on open market, in a move that could potentially enable the company to pursue the agreement to acquire the US jeweller at a lower price.
The heir apparent of Hyundai Motor Group, Euisun Chung, acquired shares in the carmaker and Hyundai Mobis parts for a combined $15M, Reuters reported on Monday.
The German Bundesbank revealed on Monday that despite public finances being solid a recession is inevitable.
On Monday, the former Governor of the Bank of England Mervyn King stated that the current recession is bound to be much serious than in 2008.
On Monday, Royal Dutch Shell will trim its 2020 spending by $5.0B, suspending its vast $25B share buyback plan, as the oil and gas company seeks to stay afloat after the recent plunge in oil prices.
A Reuters poll on Monday announced that the Bank of Thailand was set to cut interest rates on Wednesday.
On Monday, the US Dollar edged higher against a basket of major currencies, as the coronavirus pandemic fueled global demand for the US Dollar.
On Monday, crude oil prices edged lower, as countries shut down business activities to fight the spread of the coronavirus pandemic.
The South Korean Customs Service data showed on Monday that the country's exports activities rose by 10% in March, as the coronavirus crisis fueled teleconference demand.
On Monday, Singapore Airlines announced that it has cut capacity by about 96% and has grounded most of its fleet due to the coronavirus travel restraints.
On Monday, Asian shares edged lower, as nations shut down for business activities due to the coronavirus pandemic.
SoftBank Group Corp stated on Monday that it would get rid of its assets worth $41B to reduce debt and fund a buyback of shares.
The Reserve Bank of Australia (RBA) stated on Monday that it had bought government bonds worth $2.3B to keep yields around 0.25%.
On Saturday, the Italian Prime Minister Giuseppe Conte announced that all non-strategic business activities must shut down until April 3, in the latest effort to combat the coronavirus pandemic.
India's biggest automakers, including Maruti Suzuki, Mercedes-Benz, Mahindra & Mahindra and Fiat Chrysler stated on Sunday that they would stop car production in India due to the coronavirus crisis.
The Facebook CEO Mark Zuckerberg stated on Sunday that the company has donated 720K protective mask for medical workers.
The Mexican President Andres Obrador stated on Sunday that the country's central bank should spend reserves wisely and try to avoid to use them to contain Peso's depreciation.
Facebook stated that it would reduce quality of video streaming on its platform and on Instagram in Europe to help alleviate any network congestion.
Fashion retailer H&M stated that it was planning to provide protective equipment to hospitals to help to restrain the coronavirus spread.
Associated British Foods is set to close 189 Primark stores in the UK after stopping all new deliveries from suppliers on lower demand amid the coronavirus outbreak.
Netflix announced that it will slash traffic 25% over networks across the EU in a bid to relieve strain on internet service providers experiencing a rise in usage due to coronavirus.