Latest News on private equity markets

Volkswagen extends Mexico production halt as coronavirus bites

German automaker Volkswagen said on Wednesday it would extend until April 30 a suspension of activities at two production plants in central Mexico after the government declared a health emergency because of coronavirus.



14 hours ago

Oil jumps as Trump talks up truce hopes for Saudi-Russia price war

Crude oil futures surged on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to "challenging" oil markets.



14 hours ago

Saudi wants cooperation to bolster oil, blames Russia for turmoil: Gulf source

Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia's opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters.



14 hours ago

Boeing to offer voluntary layoffs to employees amid coronavirus fallout: source

Boeing Co was set to offer employee buyout and early retirement packages, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.



14 hours ago

Oil refiners face reckoning as demand plummets

The global oil refining industry is facing a reckoning from falling fuel demand that is the deepest and fastest ever.



14 hours ago

SoftBank terminates $3 billion WeWork tender offer

SoftBank Group Corp said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted co-founder Adam Neumann, drawing threats of legal action from other board members.



14 hours ago

Boeing to offer voluntary layoffs to employees to tide over coronavirus fallout -sources

Boeing Co is set to offer buyout and early retirement packages to employees, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.



14 hours ago

Asian stocks slip as virus fears deepen ahead of U.S. jobs data

Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world's largest economy ahead of another likely record week of jobless claims.



14 hours ago

Delivery Hero takes steps to support struggling restaurants

Delivery Hero , one of the world's top online food delivery marketplaces, announced measures on Thursday to support restaurants that are trying to survive coronavirus lockdowns by ramping up deliveries to consumers stuck at home.



14 hours ago

U.S. weekly jobless claims seen at record high: again

The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.



14 hours ago

Pandemic fears curb stocks as markets wait on U.S. jobs test next

Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world's largest economy, ahead of another likely record week of jobless claims.



14 hours ago

BA in union talks to suspend around 32,000 staff: source

British Airways is in talks with its union about a plan to suspend around 32,000 staff so it can survive the coronavirus pandemic, a person familiar with the situation said.



14 hours ago

Disney+ content to make exclusive Middle East debut on OSN

Walt Disney Co's Disney+ content will be available for the first time in the Middle East and North Africa on regional pay television and online streaming service provider OSN from April 9.



14 hours ago

Dollar firm overall, but oil price jump boosts commodity currencies

The dollar gave up some of its recent gains on Thursday after a 10% jump in oil prices boosted commodity-linked currencies, though uncertainties over the coronavirus pandemic kept the safe-haven greenback strong against other major currencies.



14 hours ago

Oil rallies as Trump talks up truce hopes for Saudi-Russia price war

Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to "challenging" oil markets.



14 hours ago