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Latest News on private equity markets

Dollar firms on rising coronavirus crisis worries

The dollar firmed on Wednesday as optimism that the coronavirus crisis was slowing waned, increasing investor concerns over the economic impact of the pandemic.



4 years ago

SoftBank-backed Oyo furloughs some U.S. workers as coronavirus hits revenue

SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due to the coronavirus pandemic slams the hospitality industry.



4 years ago

Zoom hires former Facebook security chief to beef up privacy, safety

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser and set up an advisory board to improve the privacy and security of its rapidly-growing video-conferencing app amid a global backlash.



4 years ago

Debt piling up during the coronavirus outbreak? Here's how to manage it

It's never ideal to build up debt, but it may be necessary these days.

4 years ago

GM to supply 30,000 ventilators in $500 million U.S. contract

The United States on Wednesday awarded automaker General Motors Co a contract worth $489.4 million to make ventilators needed to treat severely sick coronavirus patients.



4 years ago

Corona beer maker Constellation to reduce production in Mexico during pandemic

Constellation Brands Inc , the U.S. distributor of Corona beer, said on Wednesday it would reduce production at its Mexican breweries, just days after it announced they were fully operational.



4 years ago

McDonald's quarterly same-store sales fall more than market expectations

McDonald's Corp said first-quarter comparable sales declined 3.4%, as the world's largest burger chain had to shutter stores and stick to delivery or take-out due to the coronavirus outbreak across the globe.



4 years ago

Constellation Brands cuts back Mexico operations to protect workers

U.S. brewer Constellation Brands has begun reducing operations at its breweries in Mexico to protect its workers in line with government directives to contain the spread of the coronavirus, the company said on Wednesday.



4 years ago

Eight out of 10 financial advisors see markets diving lower, survey finds

Eighty-one percent of financial advisors say markets haven't hit bottom yet amid the coronavirus pandemic, according to a survey by Ned Davis Research. Two members of CNBC's Financial Advisor Council say whatever the future holds, they're telling clients to stay the course.

4 years ago

HSBC reports potential money laundering breaches in Australia

HSBC has reported itself to Australia's financial regulator for possible breaches of anti-money laundering rules, the bank disclosed in a regulatory filing by its Australian subsidiary.



4 years ago

U.S. dollar drifts higher as optimism ebbs on coronavirus crisis

The U.S. dollar edged higher on Wednesday in choppy trading, attracting safe-haven bids, as optimism faded that the coronavirus crisis may be nearing a peak and investor concerns remained over the economic fallout of the pandemic.



4 years ago

Fintech in coronatimes: Why some sub-sectors are especially vulnerable in a downturn

Sifted | Isabel Woodford | March 25, 3020 A sector-by-sector analysis of what might happen to European fintechs during a downturn. Which are most at risk and which might profit? During the past five years, financial technology startups have been some of the most hyped, fastest-growing and best-funded in Europe. But as the coronavirus pandemic

4 years ago

EasyJet founder seeks to oust directors over Airbus plane order

EasyJet's founder Stelios Haji-Ioannou demanded on Wednesday a shareholder vote to remove two directors, as part of his battle to try to force the British airline to cancel an order for 107 Airbus planes.



4 years ago

JetBlue seeks government permission to suspend flying at some airports as demand drops

JetBlue Airways Corp said on Wednesday it is consolidating flights in five U.S. metropolitan areas into just one or two airports and also asking the U.S. Department of Transportation to exempt it from flying at other airports where current demand does not support its service.



4 years ago

Equities climb on hopes pandemic is peaking

World equity markets edged higher and oil prices stabilized on Wednesday on hopes the coronavirus pandemic is peaking and that more government stimulus measures could be on the way.



4 years ago