Lufthansa warns its $10 billion bailout deal is in jeopardy
German airline Lufthansa warned on Wednesday that it might need to apply for protection from creditors if its state-backed bailout deal failed to win sufficient support...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Oil rise on positive news of COVID-19 drug study
Oil rose on Wednesday on hopes for economic recovery and for a clinical trial showing a cheap steroid could help save some critically ill coronavirus patients...
Stocks grind higher on recovery hopes
Europe's shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery...
Saudi Aramco completes $69 billion SABIC stake deal, extends schedule
Saudi Aramco has completed its purchase of a 70% stake in petrochemicals company Saudi Basic Industries for $69.1 billion and extended the payment period by three...
Employee union Unite says to oppose compulsory job losses at HSBC
Employee union Unite said it will oppose any compulsory job losses within HSBC and "work vigorously to ensure staff are heard and their jobs protected", after...
Lufthansa warns its bailout deal is in jeopardy
German airline Lufthansa warned on Tuesday that it might need to apply for creditor protection if its state-backed bailout failed to win sufficient shareholder support in...
HSBC revives 35,000 job cut plan after pandemic pause
HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the coronavirus outbreak, as Europe's biggest bank grapples with the impact...
'Very healthy' pipeline of IPOs are flocking to Hong Kong as U.S.-China tensions ramp up
There's a "healthy" pipeline of companies listing in Hong Kong, and one key trend ahead will be more tech firms who will increasingly do so, Hong...
Oil falls as U.S. crude stocks build amid virus resurgence fears
Oil prices declined on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave...
Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the...
Stocks gain on recovery hopes, dollar on safe-haven bid
A gauge of global equities edged higher on Wednesday, adding to the prior day's rally on economic and vaccine hopes, while fresh coronavirus outbreaks and rising...
Dollar treads water on Fed views, geopolitics
The dollar was little changed on Wednesday after U.S. retail sales rose more than expected in May, although caution kept investors from aggressively buying riskier currencies...
Asia stocks turn cautious on virus surge, geopolitics
Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as...
United Airlines sweetens exit deal for flight attendants
United Airlines sweetened on Tuesday a voluntary exit package for flight attendants and extended the application deadline, saying it needed "a lot more people to sign...
HSBC revives plan to axe 35,000 jobs, memo shows
HSBC is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000 jobs over the medium term, a...