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Latest News on private equity markets

On Raul Castro's birthday, U.S. threatens Cuba remittances

The Trump administration expanded on Wednesday its list of Cuban entities that Americans are banned from doing business with to include the financial corporation that handles U.S. remittances to the Communist-run country.



5 years ago

U.S. dollar's shine fading, but risk high of rush to safe havens: Reuters poll

A fading of the U.S. dollar's allure will continue as global funding strains ease, but a majority of analysts polled by Reuters said there was a high risk that the U.S.-China trade standoff will renew safe-haven bets in the next six months.



5 years ago

Senate passes bill lengthening coronavirus small-business loan terms

The U.S. Senate unanimously approved legislation on Wednesday giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline.



5 years ago

Snapchat removes Trump account from curated promotional section

Snap Inc said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content.



5 years ago

Asian stocks set to extend gains as stimulus fans recovery hopes

Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus.



5 years ago

Oil prices fall on concerns supply to rise as producers wrangle on cuts

Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains.



5 years ago

Amid pandemic, investors bet on India's Jio and its giant-killer playbook

From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani's Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic.



5 years ago

South Korea seeks arrest warrant for Samsung heir in merger probe

South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives, they said on Thursday, in an investigation of a controversial 2015 merger and alleged accounting fraud.



5 years ago

U.S. finalizes order allowing 15 passenger air carriers to suspend service to 75 airports

The U.S. Transportation Department said late Wednesday it granted final approval to 15 airlines to temporarily halt service to 75 U.S. airports because of a lack of demand stemming from the coronavirus pandemic.



5 years ago

Asian shares hit two-month high as economic optimism spreads

Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.



5 years ago

From wagyu beef to melons, Japan's $2.2 trillion virus rescue piques struggling firms

As the coronavirus jolts Japan, the government's huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather than accelerating help for firms with burning cash needs.



5 years ago

BlackRock focuses on China credit, oil and travel in Asia

The world's biggest asset manager, BlackRock Inc , called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on Wednesday.



5 years ago

As Asia's tropical storm season arrives, grounded airplanes at risk of damage

Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region's tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can't be moved easily.



5 years ago

Germany's Lufthansa posts first-quarter net loss of 2.1 billion euros

German airline Lufthansa posted a net loss of 2.1 billion euros ($2.35 billion) in the first quarter, writing down the value of assets as the coronavirus pandemic hits the travel sector.



5 years ago

Lufthansa vows company revamp as losses balloon

Lufthansa vowed to step up up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state bail-out amid the fallout from the coronavirus pandemic.



5 years ago