Blackstone Group Inc has entered exclusive talks over taking the developer SOHO China private in a $4.0B deal, according to Reuters.
During Monday's US trading hours, the US government stated that state actors have caused the current drop in crude oil prices.
On Monday, crude oil prices plummeted by more than 25%, which is the biggest drop since the 1991 Gulf War.
On Monday, US shale oil producers began a spending cut spree and a reduction of production that was caused by crude oil price drops.
During Monday's US trading session, stock indices dropped, as the global economy was expected to get hit by a Italian quarantine.
JPMorgan Chase is likely to eliminate nearly 140 jobs in Switzerland in a bid to cut costs, sources familiar with the matter told Reuters.
Siemens announced its intention to keep a minority stake of 30% in Siemens Energy, which it spinning off later in 2020.
Germany's exports decreased 2.1% to €106.5B in January this year, compared to the same month in 2019, Destatis reported on Monday.
UK-based Aon Plc said that it would acquire Willis Towers Watson for nearly $30B in an all-stock deal, which is expected to face regulatory hurdles.
Britain stated that it intended to produce a draft trade deal before the next round of country's negotiations with the EU later in March.
On Monday, Saudi Arabia stated it would introduce a fine of about $133K on people who refuse to disclose their health and travel details at the entry points, in the Gulf state's efforts to prevent the coronavirus spread.
On Monday, Twitter Inc announced it had struck a deal with Silver Lake and Elliott Management, granting a board seat to each after the hedge fund's push for its CEO Jack Dorsey removal.
On Monday, Muhyiddin Yassin, Malaysia's new Prime Minister, appointed the CIMB Group's Chief Executive as the country's new Finance Minister.
Japan is set to bolster special financing for mid-size and small companies hit by the coronavirus outbreak to $15.6B, Reuters reported on Monday.
On Monday, Apple revealed that it had sold less than 500,000 new smartphones in China in February. In February 2019, the company sold 1.27 million smartphones.
Nissan Motor's vehicle sales in China, the carmaker's largest market, tumbled 80% to 15,111 units in February due to the coronavirus outbreak that sapped demand, the Japanese firm said on Monday.
Goldman Sachs trimmed its Q2 and Q3 forecasts for Brent price to $30 per barrel due to the Russia-Saudi Arabia oil price war and a major collapse in demand for crude oil amid the coronavirus outbreak that has claimed lives of over 3,500 people globally.
Charoen Pokphand Group is set to acquire up to 86.9% of the British retailer Tesco's Thai business and 100% of its business in Malaysia in a deal worth $10.6B.
Cathay Pacific Airways stated on Monday that its flights to Japan would be limited to cargo delivery only because of the outbreak of coronavirus.
Crude oil prices plummeted by $13.29 or 32% on Monday morning, reaching $27.99 a barrel, as Saudi Arabia announced plans of substantial production increase next month amid coronavirus.
Rishi Sunak, the newly appointed Britain's Chancellor of the Exchequer, said that he is looking for ways to relax spending limit due to the coronavirus outbreak.
On Sunday, a spokesperson for the European Central Bank said that the bank has ordered most of its employees to work remotely from home on March 9.
Hamad Al-Sheikh, the Education Minister of Saudi Arabia, announced on Sunday the temporary shutdown of schools, universities and other public institutions amid the outbreak of coronavirus.
The Turkish President Tayyip Erdogan is planning to visit Brussels tomorrow and have a meeting at the European Council devoted to bilateral relations between the block and Turkey.