European shares edged higher on Tuesday
following a clutch of upbeat quarterly earnings reports, but
investors remained cautious of a resurgence in new coronavirus
cases as hard-hit economies lift lockdowns.
Lebanon will begin detailed
discussions with the International Monetary Fund (IMF) on
Wednesday, sources close to the government said, as Beirut seeks
financial aid from the Fund to deal with a major financial
Telecoms group Iliad said
on Tuesday that business activity and the rollout of its
broadband networks had slowed sharply because of coronavirus
lockdowns in France and Italy but it kept its full-year targets.
U.S.-Dutch insurer Aegon NV
on Tuesday reported worse than expected first-quarter
underlying income due to the impact of coronavirus and falling
interest rates in the United States, where it does the bulk of
its business under the Transamerica brand.
Germany's financial watchdog
is worried about possible defaults in the wake of the
coronavirus outbreak but said that the nation's banks had what
it takes to get through the crisis, "albeit with some wounds".
Lebanon will begin detailed talks
with the International Monetary Fund on Wednesday following an
introductory meeting on Monday, a source close to government
said, following Beirut's official request for aid.
Property developer Land Securities
on Tuesday reported an annual pretax loss of more than
$1 billion as coronavirus-driven shutdowns forced tenants to
default on rent payments, and more stores closed amid an already
failing retail market.