Business News

Malaysia's prime minister on Saturday appointed the finance chief at Petroliam Nasional Bhd (Petronas) to take over as chief executive at the state energy company, at a time when lower oil prices and the coronavirus pandemic have hit the firm's profits.

Samsung Group's leader, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.

Ryanair will not cancel flights to and from the United Kingdom despite the introduction of a 14-day quarantine for international travellers because thousands of Britons are still booking holidays, boss Michael O'Leary said on Monday.

Two non-executive directors of EasyJet are to step down from the board later this year in line with corporate governance best practice, having each served for nine years, the British airline said on Monday.

Ryanair will not cancel flights to and from the United Kingdom despite the government introducing a 14-day quarantine for international travellers because it is seeing thousands of Britons booking holidays, boss Michael O'Leary said on Monday.

Have HSBC and Standard Chartered "chosen profits over human rights" in backing China's national security law for Hong Kong, as some suggest? Or does it reflect the tightrope businesses must navigate between Hong Kong's protesters and Beijing?

Credit Suisse is banking on risk-taking billionaires to drive revenue growth at its wealth management division.

The coronavirus is putting Egypt's private cement industry under even more pressure.

Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil prices upend a retail industry built around huge centres catering to tourists and wealthy locals.

* Asian stock markets: https://tmsnrt.rs/2zpUAr4 (Adds new quotes, updates prices)

Barely three months ago, Serge Dumas had one problem: how to keep up with record demand for the metal fasteners and bolts his small aerospace supply firm manufactures just north of Toulouse.

Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil prices upend a retail industry built around huge centres catering to tourists and wealthy locals.

The coronavirus is putting Egypt's private cement industry under even more pressure.

* Toulouse parts suppliers wrestle with collapse of jet demand

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

* OPEC+ cuts for May and June: https://tmsnrt.rs/2SsCSMN (Adds China's record May imports, updates prices)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

The de facto leader of Samsung Group, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.

Fujifilm Holdings Corp's research on Avigan as a potential treatment for COVID-19 may drag on until July, the company said on Sunday, a further setback for the Japanese firm's effort to prove the drug's effectiveness against the virus.

To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06082020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 4:00 pm: Health ministry likely to brief on COVID-19 situation in New Delhi. LIVECHAT - REUTERS GLOBAL MARKETS FORUM Mike Dolan, Reuters Editor at Large, Finance & M