Meituan Dianping (MPNGF), Chinas on-demand service giant, said on Monday it has waived all commission fees for restaurants and other local services nationwide throughout February, to help businesses cope with the coronavirus outbreak. Local businesses include hair salons and pet-related stores, Meituan said in a statement.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Olga Cotaga. Sterling remained strong on Monday after its best week in two months last week, as investors priced in looser financial conditions under Britain's new finance minister.
Macau, the world's biggest gambling hub, will allow casinos to resume operations from Feb. 20, after authorities imposed a two-week suspension to curb spreading of the coronavirus, public broadcaster TDM reported on Monday, citing authorities. The unprecedented halt of gaming operations started on Feb 5 and was due to end on Feb 19.
1/CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause, for all of 24 hours. Much focus is on the central bank, which cut the interest rate on its medium-term lending on Monday. The measures boosted Chinese stocks, which ended higher on Monday, reversing all of their early plunge triggered by the coronavirus outbreak.
Cathay Pacific Airways (CPCAF) is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday. Severe travel restrictions as a result of a coronavirus outbreak in China, which has caused about 1,770 deaths across mainland China, have led to a steep rise in flight cancellations.
Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors. Trading is expected to be light, with U.S. stocks and bond markets shut for a public holiday. Both the pan-European STOXX 600 index and Germany's DAX reaching record highs.
* China-focused sectors rally. * Airbus down as U.S. raises aircraft import fees. * Germany's DAX hits record high. By Ambar Warrick. European shares hit a record high on Monday, with automobile stocks leading gains amid fresh attempts by China to limit the economic impact of the coronavirus outbreak.
* European shares, DAX hit record highs. * Beijing pledges tax, fee cuts. * Euro zone bond yields edge up. By Ritvik Carvalho. Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors. Trading is expected to be light, with U.S. stocks and bond markets shut for a public holiday.
* Euro near 33-month low as growth stagnates in euro zone. * Yen shows limited response to poor Japan GDP. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh.
China has approved the import of all poultry products from the United States, the Ministry of Agriculture and Rural Affairs said on its website on Monday, including breeding birds in addition to poultry meat approved late last year. Beijing had banned all trade in poultry products from the United States since 2015 due to outbreaks of avian influenza there.
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