Hong Kong government to lead $5 billion rescue package for Cathay Pacific
Cathay Pacific Airways Ltd announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather the...
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.
Hong Kong government to lead Cathay Pacific bailout package: SCMP
Hong Kong's government will lead a near HK$30 billion ($3.9 billion) bailout package for Cathay Pacific Airways Ltd giving it two observer seats in the boardroom,...
Fidelity-backed crypto security startup Fireblocks launches ‘Secure Asset Transfer Network’
The Block Yogita Khatri Jun 2, 2020 Quick Take Fidelity-backed crypto security firm Fireblocks has rolled out its “Secure Asset Transfer Network” The network allows Fireblocks’...
Stocks mixed as investors step back from highs
A recent run of optimism in markets hit the brakes on Tuesday, as investors pulled back from major stock indices and turned their attention to safe-haven...
Exclusive: EU has concerns about Fiat, PSA deal, may need concessions - sources
EU antitrust regulators are concerned about Fiat Chrysler and Peugeot car maker PSA's combined high market share in small vans and may require concessions to clear...
Scarred and scared: post-Covid consumers not their old selves
Michael Clark of Amy's Housewares has one big fear as its London stores prepare to reopen on June 15 along with other retailers around Britain: "Customers...
Stocks gain on quick economic revival hopes, oil slides
A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi Arabia...
Gulf mall operators rein in expansion as retailers reel from COVID-19
Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil prices upend a retail industry built around huge centres...
Europe's Detroit? Pandemic bursts Toulouse aerospace bubble
Barely three months ago, Serge Dumas had one problem: how to keep up with record demand for the metal fasteners and bolts his small aerospace supply...
Jobs come first in South Korea's ambitious 'Green New Deal' climate plan
The first stages of a South Korean government “Green New Deal” aiming to retool one of the world’s most fossil fuel-reliant economies is focused instead on...
AstraZeneca shares down 2% after report it approached Gilead over tie-up
Shares in Britain's AstraZeneca fell 2.1% in early trades on Monday after a report it had approached U.S. rival Gilead Sciences about a possible merger to...
Gilead shares rise on report of AstraZeneca's interest in megamerger
Shares of Gilead Sciences Inc rose as much as 3% on Monday after a report said the U.S. drugmaker had been approached by Britain's AstraZeneca for...
British financier Staveley's $2 billion Barclays lawsuit hits High Court
British buinesswoman Amanda Staveley's private equity firm told London's High Court on Monday it had received a "substantially worse" deal than Qatar when its syndicate invested...
Possibly millions of jobs could be lost if planes stay grounded, Heathrow boss says
Hundreds of thousands of jobs, if not millions, could be lost in Britain if aviation is not able to resume quickly, the chief executive of London's...
Emerging market corporate credit quality down but not out
The coronavirus pandemic has had a devastating impact on companies around the world, but in poorer emerging economies where balance sheets and credit ratings were already...