Emirates Group planning to cut about 30,000 jobs amid virus outbreak: Bloomberg News
Emirates Group plans to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, reducing employees by about 30% from more than 105,000 at 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.
Reliance says General Atlantic to invest $870 million in Jio Platforms
Indian conglomerate Reliance Industries said on Sunday U.S. fund General Atlantic will buy 1.34% of its Jio Platforms digital unit for 65.98 billion rupees ($870 million).
India's Reliance says General Atlantic to invest $870 million in digital unit
Indian conglomerate Reliance Industries said on Sunday equity firm General Atlantic will buy 1.34% of its digital unit for 65.98 billion rupees ($870.25 million).
UK's Gove says EU trade deal can be done despite talks stalemate
British Cabinet Office minister Michael Gove said on Sunday that there was a post-Brexit trade deal to be done with the European Union providing the bloc...
A month after negative oil prices, U.S. crude contract expiry looms
A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next watershed moment looms with the expiry...
Temporary layoff schemes no cure-all in slow COVID recovery
Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial recoveries from the COVID-19...
U.S. expected to revise PPP aid program for small businesses: WSJ
The United States is expected to revise its aid program for small businesses to cope with the economic fallout of the coronavirus outbreak, the Wall Street...
China says opposed to latest U.S. rules against Huawei
China's commerce ministry said on Sunday it is firmly opposed to the latest rules by the United States against Huawei and will take all necessary measures...
Disney says it will reopen shopping area at Florida resort on Wednesday
Walt Disney Co will partially reopen its Disney Springs entertainment and shopping complex at Walt Disney World Resort in Florida on May 20, it said late...
China urges food companies to boost supplies on fears of further COVID-19 disruption
China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cases and worsening infection...
China central bank should shun risky bond buying as economy improves: adviser
The People's Bank of China should avoid buying special treasury bonds as such a move could fuel inflation risks and asset bubbles and lead to depreciation...
J.C. Penney has need for speed in bankruptcy, lawyer says
J.C. Penney Co Inc needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures due...
U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors
J.C. Penney Co Inc said on Saturday a U.S. Bankruptcy Court will allow it to keep paying wages and benefits to workers who will remain on...
Fed says around 600 smaller banks tapped PPP facility in its first days
Around 600 banks, most of them small community institutions, tapped the Federal Reserve's Paycheck Protection Program facility for about $30 billion of loans as of May...
Italian PM Conte says Fiat Chrysler entitled to seek state-backed loan
Italian Prime Minister Giuseppe Conte said on Saturday that Fiat Chrysler Automobiles NV (FCA) was entitled to apply for Italy's state guarantees on loans as the...