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NMC Health said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances.

Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors.

Cathay Pacific Airways is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday.

Nearly half of the U.S. companies in China say their global operations are already seeing an impact from business shutdowns due to the coronavirus epidemic, according to a poll by Shanghai's American Chamber of Commerce (AmCham).

Japan's economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China's coronavirus outbreak chills global activity.

Asian shares reversed losses on Monday and moved back toward a three-week top as China's persistent efforts to cushion the blow from a coronavirus outbreak calmed nervous investors, although Japanese stocks faltered on growing recession risks.

Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional rapid easing if the coronavirus outbreak significantly threatened Japan's economy and price trends, the Sankei newspaper reported on Monday.

French transport infrastructure company Alstom said on Monday it was in talks over a possible acquisition of the train business of Canadian company Bombardier , which could be worth $7 billion on an enterprise value basis.

Dubai's DP World , one of the world's largest port operators, said on Monday it would delist and return to full state ownership in a deal valuing the company at $13.9 billion.

Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China was offset by expectations that output cuts from major producers will tighten crude supply.

General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. auto maker $1.1 billion.

Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional easing steps without hesitation if the coronavirus outbreak significantly threatened Japan's economy and price trends, the Sankei newspaper reported on Monday.

Australia's QBE Insurance Group said on Monday climate change could make some premiums unaffordable, especially for customers exposed to extreme weather events, and was a "material risk" for its operations across the globe.

Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some customers to turn a profit.

NMC Health said on Monday its founder BR Shetty had resigned as the Emirati healthcare group's joint non-executive chairman, leaving UK businessman H.J. Mark Tompkins as sole chairman.