Siemens Healthineers' operating income slipped 11per cent in the first quarter of its fiscal year, despite higher revenues, as it sold less profitable imaging machines and incurred ramp-up costs for its new Atellica blood-testing machines.
U.S. utilities stocks have outperformed other traditional havens in recent days, as worries over the spreading coronavirus epidemic sparked a rush to safety.
Investor rights law firm Bernstein Liebhard has filed a class-action suit against Australia's No. 2 lender, Westpac Banking Corp , accusing it of failing to monitor financial crime, the law firm said on Monday.
Taiwan's Wistron Corp plans to assemble printed circuit boards (PCBs) for iPhones at its new plant in southern India, two sources said, highlighting Apple Inc's push to expand manufacturing in the world's second-biggest smartphone market.
Some Chinese technology firms are continuing to manufacture parts and products despite government calls across various cities and provinces for work to be halted as Being seeks to stop the spread of the coronavirus ravaging the country.
The death toll from a coronavirus epidemic in China rose to 361 and Chinese stock and commodity markets fell heavily on Monday as investors retreated into safe-haven assets in the first trading session after an extended Lunar New Year break.
SINCE last week, banks including OCBC, Standard Chartered and HSBC have temporarily closed several branches in Hong Kong and Macau, in light of the worsening Wuhan virus outbreak, The Business Times (BT) understands.
UNIONBANK of the Philippines on Monday said it has inked an agreement with the Singapore Management University (SMU) to offer a 12-week overseas talent development programme on banking and fintech.
Asian markets are set for another bumpy ride on Monday on fears about the hit to world growth from the rapidly spreading coronavirus, with all eyes on China where trading resumes following the Lunar New Year break.
Twitter Inc has banned financial market website Zero Hedge from the social media platform after it published an article linking a Chinese scientist to the outbreak of the fast-spreading coronavirus last week.
