Reuters Company News

A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi Arabia said an extension of output cuts by producer nations would not include extra cuts by three Gulf countries.

Russian Finance Minister Anton Siluanov told U.S. Treasury Secretary Steven Mnuchin on Monday that Russia intends to "participate fully" in a G20 official debt service suspension initiative to help the poorest countries fight the coronavirus, the Treasury said in a statement.

* Investors continue to move out of tech, healthcare (Updates with market close)

Trading volume for emerging market credit default swaps (CDS) rose 3% in the first quarter to a record $521 billion from $505 billion a year earlier, according to a survey of 12 major dealers released on Monday.

The U.S. National Transportation Safety Board (NTSB) on Monday urged strengthening air cargo shipping requirements for prototype and low-production lithium-ion batteries after a 2016 FedEx delivery truck fire in Canada.

Google is adding features on its Maps service to alert users about COVID-19-related travel restrictions to help them plan their trips better, the Alphabet Inc unit said on Monday.

* Indexes: Dow 1.09%, S&P 0.53%, Nasdaq 0.34% (Adds quote, details; Updates prices)

The coronavirus will cause global economic output to contract by 5.2% in 2020, the World Bank said on Monday, warning that its latest forecasts would be revised downward if uncertainty over the pandemic and business lockdowns persist.

The U.S. National Transportation Safety Board (NTSB) on Monday urged strengthening air cargo shipping requirements for prototype and low-production lithium-ion batteries after a 2016 FedEx delivery truck fire in Canada, saying existing rules pose a "danger to all those involved in the transportation of these batteries, on the ground and in the air."

Dunkin', a unit of Dunkin' Brands Group Inc, said on Monday its franchisees are seeking to hire up to 25,000 workers as it prepares for higher demand, with U.S. states reopening after months-long lockdowns to contain the spread of the novel coronavirus.

Elanco Animal Health secured EU antitrust clearance on Monday to buy Bayer's veterinary drugs unit after pledging to sell some products to address competition concerns about the $7.6 billion deal.

The European health regulator said on Monday it would look to fast-track the approval of Gilead Sciences Inc's antiviral remdesivir as a potential COVID-19 treatment in Europe after the U.S. drugmaker submitted its marketing application.

* Indexes: Dow up 0.94%, S&P rises 0.29%, Nasdaq dips 0.21% (Updates to open)

Brazilian development bank BNDES has suspended the payment of interest and principal on debt owed by municipalities and states through the end of the year, Chief Executive Gustavo Montezano said on Monday, citing the coronavirus pandemic.

Ryanair boss Michael O'Leary said he believed Britain's coronavirus quarantine will be struck down by the courts or dropped within weeks as some of Europe's biggest airlines prepare to file a legal challenge by the end of Tuesday.

Aimmune Therapeutics Inc said on Monday 80% of patients being treated with its drug Palforzia were successfully desensitized to peanut proteins after two years of daily dosing, sending its shares up 6%.

* OPEC+ producers have agreed to extend 9.7 mbpd cuts to end-July

The U.S. Food and Drug Administration on Monday allowed emergency use of a COVID-19 saliva test made by privately held Phosphorus Diagnostics LLC that allows people to send in their saliva samples to the company's laboratory for testing.

* Futures up: Dow 0.82%, S&P 0.49%, Nasdaq 0.21% (Adds quote, details; updates prices)

Data management software maker Commvault Systems Inc said on Monday it reached an agreement with activist hedge fund Starboard Value and added three independent directors to its board.