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Asia's dealmakers are looking to distressed sales and a pick-up in take-private deals after fallout from the coronavirus outbreak sent first-quarter M&A activity to a seven-year low.

Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers.

Dubai-based banks will implement measures to help customers cope with the fallout from the coronavirus pandemic, the United Arab Emirates (UAE) state news agency WAM reported.

Shareholders of Abu Dhabi-listed Commercial Bank International, which is part owned by Qatar National Bank, have declined a proposed by the board to increase the capital of the company, according to a regulatory filing on Tuesday.

China shares climbed on Tuesday after the country reported a better-than-expected industrial activity, spurring hopes that the world's second-largest economy is starting to recover from the shock of the coronavirus pandemic. ** At the midday break, the Shanghai Composite index was up 0.4% at 2,758.81 points. The blue-chip CSI300 index was up...

Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd , marking the e-commerce giant's fifth investment in a large courier, two people with knowledge of the matter told Reuters.

Southeast Asian stock markets rose on Tuesday as data showed China factory activity unexpectedly expanded in March after contracting to a record low in the previous month even though the coronavirus pandemic showed few signs of abating. China's official Purchasing Ma

* Businesses facing grim outlook on global spread of virus (Adds quotes from analysts, context on demand & job losses)

Japanese stock benchmark Nikkei gained on Tuesday as Wall Street stabilised and factory data from China held out the hope of a rebound in activity, even though the global coronavirus crisis showed no signs of abating.

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Hong Kong private home prices in February posted the biggest monthly decline since November 2018, falling 2.1% as the coronavirus spread across the financial centre.