Small business loans are not going proportionately to the hardest hit areas, Fed study shows
States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small-business loans, a Fed study found.
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.
CVS Health first-quarter profit beats on COVID-19 stockpiling
CVS Health Corp on Wednesday posted first-quarter profit above Wall Street estimates, as its pharmacy benefits management business and its drugstores benefited from customers stockpiling medicines...
KKR's first-quarter profit rises 11% on stronger asset sales
Private equity firm KKR & Co Inc reported an 11% jump in after-tax distributable earnings in the first quarter on Wednesday, driven by growth in asset...
World shares subdued amid weak data; oil resumes gains
Global shares struggled on Wednesday as weak economic data, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets.
Barrick profit jumps on higher prices, trims gold 2020 output
Miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices, but trimmed production outlook...
StanChart chairman predicts economic recovery led by Asia in late 2020
Standard Chartered Chairman Jose Vinals said on Wednesday his Asia-focused bank was well placed to benefit from a late 2020 economic rally, despite the "extraordinary" impact...
Qatar Airways expects to re-open routes this month
Qatar Airways said on Wednesday it would this month start to rebuild its network, in anticipation countries will ease air travel restrictions and based on monitoring...
China's Alibaba launches 'outlet' platform to shift luxury overstock
Chinese e-commerce giant Alibaba Group Holding Ltd has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory...
BMW cuts outlook, expects coronavirus impact to last all year
BMW AG on Wednesday said the impact of the coronavirus will likely hurt demand and profit throughout the year, forcing the German automaker to lower its...
Egyptian billionaire Naguib Sawiris sees oil at $100 in 18 months, says he would buy airlines
Egyptian billionaire Naguib Sawiris said he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all airline stocks at...
Metro Bank posts rising deposits, lower first quarter lending
Britain's Metro Bank reported a modest dip in lending in the first quarter and a 77 million pounds rise in total deposits to 14.6 billion pounds...
Virgin Money profits erased by coronavirus provision
Virgin Money swung to a first-half loss after setting aside 237 million pounds ($294.7 million) to handle loans likely to turn sour as a result of...
Yum China keeps bets on dine-in, sticks to expansion plans after virus
Yum China is betting that Chinese consumers will still choose to dine-in in the aftermath of the coronavirus crisis and plans to open more Pizza Hut...
GM investors want to know how much more coronavirus pain remains
Investors want to know what kind of economic hit General Motors Co expects from the coronavirus pandemic as it moves forward, whether it needs to raise...
N26 raises another $100M in Series D extension
Techcrunch Romain Dillet May 5, 2020 Fintech startup N26 now has a proper funding war chest to face the economic downturn. The Berlin-based startup has extended...