Prosecutors in the German city of Stuttgart have dropped a market manipulation investigation into former Volkswagen chief executive Martin Winterkorn, deferring to a criminal case against him in the city of Braunschweig.

Turkish President Tayyip Erdogan urged compatriots to stop buying French goods, joining calls around the Muslim world for a consumer boycott in protest over images being displayed in France of the Prophet Mohammad that Muslims see as blasphemous.

Fiat Chrysler and PSA could win EU approval for their merger by the end of the year, which would create the world's No. 4 carmaker worth around $38 billion, according to people familiar with the matter.

Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive the COVID-19 pandemic, which has stopped planes flying and hammered its finances.

Indonesian conglomerate PT Astra International posted net income for the January-Sep period of 14.04 trillion rupiah ($959.67 million), down 12% from the same period last year, the company said in a statement on Monday.

Here's what you need to know about the coronavirus right now:

* FCA, PSA shares reverse early losses to trade higher (Adds EU decision expected by the end of the year, updates shares)

* Shares rally on firm sales performance (Adds comments from earnings briefing, analyst)

French car rental company Europcar - one of many in the transport sector to have been hit by the impact of the COVID-19 crisis - dropped its 2020 financial outlook on Monday as it posted a slump in its third-quarter results.

South Korea's Hyundai Motor Co said on Monday it swung to a net loss in the July-September quarter, missing analysts' estimates by a large margin as a charge related to engine issues weighed on earnings.