Markets

Shares in French tire maker Michelin fell on Tuesday after the company forecast a slightly lower operating income for 2020 and flagged uncertainty to its business from the coronavirus crisis in China.

HONG KONG: At least two banks in Hong Kong have introduced relief measures for home mortgage borrowers hurt by the coronavirus outbreak, in a move analysts say could help lower foreclosures in an economy already in recession. Bank of China (Hong Kong) and Standard Chartered have said mortgage ......

GKSD Investment Holding on Tuesday confirmed it was in the preliminary stages of considering an offer for NMC Health , a day after the healthcare group revealed two approaches from private equity groups.

British retailer Marks and Spencer said on Tuesday it had appointed Eoin Tonge as its new chief financial officer, taking over from interim CFO David Surdeau in June.

Daimler cut its dividend to 0.90 euros (US$0.9818) a share after 2019 earnings more than halved, weighed down by restructuring and charges in what amounts to the third profit warning for new CEO Ola Kaellenius.

Delivery Hero expects its Europe business to remain break-even during 2020 after hitting this mark, as forecast, in the fourth-quarter of 2019, the German food delivery group said on Tuesday.

Malaysian airlines could be barred from introducing new routes in China, South Korea and Japan after the U.S. Federal Aviation Administration (FAA) downgraded the country's air safety rating late last year, Malaysia's aviation regulator said on Tuesday.

Chinese firm Xinchao Media has laid off 500 people, or just over 10per cent of its workforce, saying it needed to resort to such measures to survive the impact of the coronavirus outbreak.

Samsung Electronics is set to unveil a new, square-shaped foldable smartphone and updated versions of its flagship Galaxy S range on Tuesday, seeking to revive sales after ceding its smartphone crown to Apple Inc last quarter.

An Australian investigator who helped bring criminal cartel charges against Citigroup Inc and Deutsche Bank AG said he first heard concerns about a stock issue they worked on from a rival regulator, but the agencies acted independently.