Markets

Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows.

Mattel Inc had received a subpoena in December from the U.S. Securities and Exchange Commission seeking documents related to a whistleblower letter and subsequent investigation, the U.S. toymaker said in a filing on Tuesday.

Fiat Chrysler Automobiles NV (FCA) Chief Executive Mike Manley received compensation of 13.28 million euros (US$14.45 million) for 2019, in line with a target set by the company, the Italian-American automaker said in a filing on Tuesday.

International Monetary Fund Managing Director Kristalina Georgieva on Tuesday nominated former IMF official Antoinette Sayeh to become the organization's No. 2 official, passing over a U.S. Treasury official who had been viewed as a top candidate.

U.S. Trade Representative Robert Lighthizer will meet with Britain's trade minister Liz Truss this week, British government officials said on Tuesday, as the two allies gear up for post-Brexit trade talks that could prove contentious.

California power producer PG&E Corp said on Tuesday it plans to raise up to US$25.68 billion by selling securities, as it works its way out of the bankruptcy process.

Wall Street's main semiconductor benchmark tumbled into correction territory on Tuesday in its deepest four-day rout since the financial crisis, as the coronavirus spread further around the world and deepened fears about the global economy.

The world economy was weak when COVID-19 struck, and will lead to demand shortfalls and disruptions to supply, says Stephen S Roach.

Exposure to ASEAN, China and India will give Singaporeans an edge in a world of disruption and the comparative advantage in those markets with a rising middle class, says Jonathan Chang

ZURICH: Swiss food giant Nestle, owner of KitKat and Nespresso, on Tuesday (Feb 25) said it was postponing all business trips until Mar 15 at the earliest because of the new coronavirus epidemic. "We have asked all of our employees worldwide not to travel for business purposes until March 15 2020...