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The chief executive of Colombian food technology startup Muy had expected to spend the past few weeks gearing up to raise a dollop of fresh funds from venture capital firms for an ambitious expansion plan.

Oil prices tumbled on Monday, with the U.S. crude futures contract plunging more than 50% to the lowest price on record, as investors worried about lack of storage and German and Japanese data indicated a bleak global economy.

Volkswagen AG said on Monday it will keep its factories in Brazil, South America's top auto producer, shut through the end of the month, but that a decision has not been made on whether it will reopen them in May or later.

Vivendi's shareholders approved on Monday the payment of a dividend of 0.60 euro per share for the fiscal year 2019, with 99.52% of shareholder votes supporting the plan.

The five-member Federal Communications Commission voted unanimously to approve an order to allow Ligado Networks[MOSAV.UL] to deploy a low-power nationwide 5G network despite objections from the U.S. Defense Department, other federal agencies and major U.S. airlines.

The motorway unit of Italian infrastructure group Atlantia is considering tapping government-backed liquidity to temper the impact of coronavirus on its business, two sources with knowledge of the matter said on Monday.

Developing countries may be the hardest hit economically by the coronavirus, International Monetary Fund managing director Kristalina Georgieva said on Monday, adding the IMF stands ready to help.

The crisis sparked by the spread of the novel coronavirus is the worst since the Great Depression, IMF Managing Director Kristalina Georgieva said on Monday.

The S&P 500 and the Dow Jones headed lower on Monday following a strong two-week rally as oil prices crashed and investors grew cautious at the start of a week that is likely to bring more dismal quarterly earnings reports and economic data.

The oil market's fears of rapidly filling storage and demand destruction hammered the expiring May U.S. oil futures market, which dropped more than 40% on Monday, opening the widest gap in history between it and the next contract at nearly $12 a barrel.

Britain's biggest listed companies have been urged to hold 'virtual' annual general meetings after two-thirds of the firms to announce meetings so far opted to hold them behind closed doors because of COVID-19.

Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British government, the airline's founder Richard Branson said on Monday.

Investors will be hunting for companies that can rein in costs, preserve cash and avoid amassing big inventories during the coronavirus crisis as Europe Inc. prepares to report the steepest profit fall since the 2008 global financial meltdown.

U.S. Democrats and Republicans feuded on Monday over who was responsible for delay even as they worked on details of a possible $450 billion-plus deal to provide more aid to small businesses and hospitals hurt by the coronavirus pandemic.

British state-backed lender NatWest is pressing ahead with further job cuts, axing more than 30 jobs in its digital ventures arm despite rivals halting redundancies during the coronavirus crisis.

U.S. oilfield services giant Halliburton on Monday reported a $1 billion first-quarter loss on charges and outlined the largest budget cut yet among top energy companies as U.S. crude futures plunged to two-decade lows.

Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.

(This April 17 story corrects to fix name of company in second paragraph to make it Protective Life Insurance Co instead of Protective Insurance Co.)

A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak.

HSBC has reshuffled the leadership of its investment banking division, according to a memo seen by Reuters on Monday, as Chief Executive Noel Quinn presses ahead with changes at the top despite having last month paused a wider job cut programme.