Markets

Xerox Holdings Corp raised its offer to buy HP Inc to US$24 per share from US$22 per share on Monday, following several rejections of its previous buyout offer by the PC maker.

German software company TeamViewer said on Monday it was seeing extra demand for its connectivity services due to the coronavirus outbreak, as it forecast that revenue and core profit would grow by about a third this year.

Amazon.com Inc has begun legal action in India to quash an antitrust investigation against the company, saying it could cause "irreparable" loss and damage to its reputation, according to its court filing seen by Reuters.

China's Geely Automobile said on Monday it is in early discussions with Swedish carmaker Volvo Car AB about combining the two businesses into a global business with listings in Hong Kong and Stockholm.

Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan (US$2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms.

Apple supplier Foxconn got approval to resume production at a key China plant after being forced to shut it following a coronavirus outbreak, but only 10per cent of the factory's workforce has managed to return so far, a source told Reuters.

KUALA LUMPUR: Malaysia's economy is expected to expand by 4.8 per cent this year, Prime Minister Mahathir Mohamad said on Monday (Feb 10), maintaining the government's forecast as it braces for a potential global slowdown tied to the novel coronavirus outbreak. Mahathir said the government expects ...

Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors .

China's smartphone sales may plunge by as much as 50per cent in the first quarter, as many retail shops have closed for an extended period and production has yet to fully resume due to the fast spread of a new coronavirus, according to research reports.

Researcher TrendForce said on Monday it expected global smartphone production to fall by 12per cent to its lowest level in five years in the first three months of 2020 because a virus outbreak in China.