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U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by the end of 2020, as the coronvirus crisis ravages the industry, according to a National Restaurant Association survey released on Monday.

The markets are much less confident about Europe and the United States getting back to business ahead of the summer, a Deutsche Bank investor survey showed on Monday, even as some countries begin gradually re-opening their economies.

Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1998, as concerns that U.S. crude storage will soon be full and bleak economic data hit sentiment.

Standard Chartered said on Monday it had agreed with Indonesian conglomerate PT Astra International to sell their stake in Indonesia's PT Bank Permata to lender Bangkok Bank PCL at a reduced price.

The Russian energy ministry has told domestic oil producers to reduce oil output by around 20% from their average February levels, two industry sources told Reuters on Monday, which would bring Moscow in line with its commitment under a global deal.

United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion for the first quarter, hurt by a precipitous drop in travel demand from the coronavirus outbreak which has weighed on its investments in Latin America.

Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus.

Developing countries may be the hardest hit economically by the fallout from the spread of the new coronavirus, IMF managing director Kristalina Georgieva said on Monday.

U.S. oilfield services giant Halliburton on Monday reported a $1 billion first-quarter loss on charges and warned that bleak conditions in the U.S. shale patch would depress its results for the rest of the year.

U.S. Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top Republican lawmaker said, but he accused Democrats of holding up a deal.

Norwegian Air on Monday reported that four Swedish and Danish subsidiaries had filed for bankruptcy and that it had ended staffing contracts in Europe and the United States, putting some 4,700 jobs at risk.

Airbus has put six jets made for one of its largest customers up for sale after giving up on Malaysia's AirAsia taking delivery of them, sources familiar with the matter told Reuters.

A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March as the country responded to the coronavirus pandemic, a broad and swift turnaround from growth that had been well above trend just weeks before.

U.S. stock index futures fell on Monday as a slump in oil prices pounded energy stocks, with investors also bracing for another batch of dour first-quarter earnings reports and economic data.

United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion in the first quarter, hurt by a sharp drop in travel demand from the coronavirus pandemic.

Virgin Australia is poised to enter voluntary administration, two sources close to the matter said on Monday, with the cash-strapped airline unable to weather the coronavirus crisis because of its A$5 billion ($3.2 billion) of debt.

U.S. Democrats and Republicans are near agreement on extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said on Sunday.

Caution recaptured world markets on Monday as a near 30% drubbing for U.S. WTI crude oil kicked off a busy week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns.

New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong, two senior government sources told Reuters on Monday.

Yum China's KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said on Monday.