Over 300 lawmakers worldwide urge IMF, World Bank to cancel poor countries' debt
Over 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries in...
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.
S.Korean shoppers go the distance to beat Chanel price hike
More than a hundred shoppers waited in line outside a Chanel store in Seoul on Wednesday, shrugging off concerns about a second wave of coronavirus infections...
Jersey jackpot of $2 million awaits Deutsche's lost shareholders
While Deutsche Bank employees fret about their jobs and pay, Germany's largest lender is trying to track down several hundred former staff to claim share payouts...
OPEC slashes oil demand forecast but sees cuts helping restore balance
OPEC on Wednesday again slashed its forecast for global oil demand this year as the coronavirus outbreak causes a global recession, although it said record supply...
Wall Street bonuses set to fall by as much as 30% in 2020: report
Wall Street bonuses for 2020 could fall by as much as 25%-30% due to the deep cuts to revenues recorded by banks and hedge funds earlier...
S&P 500, Dow slip after Powell's somber outlook on economy
The S&P 500 and Dow slipped on Wednesday as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, while...
With plans on hold and echoes of 2008, millennials turn to the security of savings
Millennials look to boost their emergency funds even while the rest of their plans are likely on hold.
Fed Chair Powell warns of prolonged U.S. recession after coronavirus
Jerome Powell, chairman of the Federal Reserve board of governors, warned Wednesday that the long-term health of the U.S. economy may depend on more fiscal stimulus...
Tesla can prepare to reopen U.S. plant in California as early as next week
Tesla Inc can take additional steps ahead of a potential reopening of its California assembly plant as soon as Monday after Chief Executive Elon Musk had...
Boeing to pay Brazil airline Gol $412 million for 737 MAX groundings
Brazil airline Gol Linhas Aereas Inteligentes said Wednesday it will receive a total of 2.4 billion reais ($412.03 million) from Boeing Co as compensation for the...
S&P 500, Dow open lower as markets digest Powell comments
The S&P 500 and Dow Jones fell shortly after the open on Wednesday as Federal Reserve Chairman Jerome Powell warned of a prolonged recession due to...
Chanel says increasing prices on handbags, small leather goods
French luxury house Chanel said on Wednesday it was increasing prices on its handbags and some small leather goods worldwide to take into account a rise...
U.S. producer prices post biggest drop since 2009
U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, which could bolster some economists'...
Instant view: Powell: Fed not looking at negative rates
Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the country...
Fed's Powell says economy may face 'extended period' of weak growth
Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the country...