Markets

Panasonic Corp on Monday reported a 3 per cent rise in third-quarter operating profit, beating analyst estimates, thanks to restructuring efforts and an improvement at the joint battery business with Tesla

SINGAPORE banks are likely to suffer weaker loan growth and more volatile earnings in light of the coronavirus outbreak, but are sufficiently equipped with "good capital buffers" to weather the immediate negative impact, S&P Global Ratings said in a press statement on Monday. 

Shares in Just Eat-Takeaway, the company forged by Dutch online service Takeaway's US$7.8 billion acquisition of British food deliverer Just Eat, commence trading on the London Stock Exchange on Monday.

CITIBANK Singapore's head of retail banking Charles Wong has resigned after more than 20 years at the US bank. 

Panasonic Corp on Monday reported a 3per cent rise in third-quarter operating profit, beating analyst estimates, thanks to restructuring efforts and an improvement at the joint battery business with Tesla Inc

Swedish telecoms operator Tele2 reported quarterly core earnings above market forecasts on Monday and proposed a higher ordinary dividend and a special dividend to be paid out for 2019.

Toyota Motor Corp and Panasonic Corp have agreed to set up a joint venture specializing in prismatic electric vehicle batteries.

Julius Baer set out new targets to improve its cost-income ratio by 2022, the bank said on Monday as it posted a 5per cent drop in adjusted net profit for 2019.

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.