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Latest News on private equity markets

Wall Street gains on hopes of coronavirus slowdown

Wall Street rose on Tuesday on early signs of the coronavirus outbreak plateauing in some of the biggest U.S. hot spots, with the New York state's governor saying social distancing measures to curtail the spread of the virus were working.



4 years ago

IRS has relaxed its electronic filing rules during COVID-19 pandemic. Here's how to keep your data safe

In an unprecedented move, the IRS is allowing its employees to accept tax documents via email, along with images of signatures, to avoid human contact during the coronavirus pandemic. This has raised concern about personal security.

4 years ago

Lufthansa to discontinue Germanwings in sweeping restructuring

Lufthansa said it will close down its Germanwings low-cost airline as part of a broader overhaul which includes cutting capacity across the group, warning it could take years for the industry to recover from the coronavirus crisis.



4 years ago

OPEC+ won't meet until oil output numbers agreed: Iran oil minister

There needs to be an agreement on oil production numbers before any future meeting between OPEC and non-OPEC members, Iran's Oil Minister Bijan Zanganeh tweeted on Tuesday.



4 years ago

Exxon could delay third Guyana project amid low prices, spending cuts

Exxon Mobil Corp said on Tuesday the start of production at its Payara project in Guyana, its third major development in the world's newest offshore oil hotspot, could be delayed as the company scales back spending due to the crude price crash.



4 years ago

AT&T takes on $5.5 billion loan to boost 'financial flexibility'

AT&T Inc. on Tuesday announced a $5.5 billion term-loan agreement, which it said would give the company "financial flexibility" during the coronavirus outbreak.



4 years ago

Huawei laments U.S. plans to crimp its global chip supply

A Huawei Technologies Co Ltd [HWT.UL] executive on Tuesday described as "unfortunate" plans by the U.S. government to curb the Chinese telecom equipment maker's access to global chip supplies.



4 years ago

Layoffs, closures to wipe out 6.7% of working hours worldwide in second quarter: ILO

Workplace disruptions caused by the COVID-19 pandemic are expected to wipe out labor equivalent to the effort of 195 million full-time workers, or 6.7% of hours clocked worldwide, in the second quarter of this year, the International Labour Organization (ILO) said on Tuesday.



4 years ago

Colombian businesses call for more aid after quarantine extension

Colombian businesses on Tuesday called on the government to expand measures to help companies weather coronavirus, after President Ivan Duque extended a nationwide lockdown by two weeks.



4 years ago

FintechBeat Podcast: Save the Money

Roll Call | Chris Brummer | April 7, 2020 Fintech Beat sits down with Linda Jeng and Dan Gorfine to talk about how online lending, open banking and a digital dollar — with the right policies — could immediately improve the plight of those affected by the coronavirus.   The National Crowdfunding & Fintech Association

4 years ago

Trying to get hired amid the pandemic? Here are some tips

The coronavirus outbreak has left millions of Americans without a job. Here's how to get a new one.

4 years ago

Facebook launches new chat app for couples

Facebook Inc on Tuesday launched a new social app for couples called "Tuned" that allows partners to chat, share photos, music and have a timeline of shared memories between them.



4 years ago

U.S. pushes back on call by OPEC+ to join big oil output cuts

Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis.



4 years ago

OPEC+ needs to agree output numbers before meeting: Iran oil minister

There needs to be an agreement on oil production numbers before any future meeting between OPEC and non-OPEC members, Iran's Oil Minister Bijan Zanganeh tweeted on Tuesday.



4 years ago

Oil little changed as hopes for output cuts offset by crude glut

Oil was little changed on Tuesday as hopes that the world's biggest producers would agree to cut output were tempered by a worsening crude oil glut and the threat of a deeper-than-expected global recession.



4 years ago