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Latest News on private equity markets

Oil edges down after Saudi Arabia, Russia delay meeting

Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.



4 years ago

Carmaker PSA secures further 3 billion euros worth of loans

French carmaker and Peugeot-owner PSA announced on Monday a further 3 billion euros ($3.3 billion) worth of loans to strengthen its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.



4 years ago

BMW sales plunge in first quarter as coronavirus takes toll

BMW said on Monday that group sales dropped by 20.6% to 477,111 vehicles in the first quarter as the outbreak of coronavirus took its toll and many retail outlets temporarily closed.



4 years ago

Stocks jump on virus hopes, oil hit by OPEC+ delay

World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again.



4 years ago

Futures jump on hopes of slowdown in coronavirus cases

U.S. stock index futures jumped about 4% on Monday after President Donald Trump expressed hope that the coronavirus health crisis in the United States was "leveling-off" in some of the country's hardest-hit areas.



4 years ago

Britain's BT commits to no job losses over coronavirus

The head of Britain's biggest telecoms firm BT said he would donate his salary to health workers for at least six months and award a pay rise to his frontline staff who are maintaining broadband networks during the coronavirus shutdown.



4 years ago

Lufthansa's Belgian carrier suspends flights until mid-May

Belgium's Brussels Airlines, a Lufthansa subsidiary, has extended its suspension of flights until at least May 15, it said on Monday.



4 years ago

Peugeot parent secures further 3 billion euros of loans

Peugeot-owner PSA said on Monday it had secured a further 3 billion euros ($3.3 billion) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.



4 years ago

Top Michelin executives agree to pay cuts to help with COVID-19 response

French tyre company Michelin said on Monday that its leading executives had agreed to take pay cuts as a gesture of solidarity to help deal with the negative effects of the hit to its business from the COVID-19 outbreak.



4 years ago

Oil falls after Saudi Arabia, Russia delay meeting

Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand.



4 years ago

In an unusual moment, the stock market's ability to sniff out the future is severely impaired

Investors are desperate for more data to quantify the coronavirus impact on the economy and earnings, and then map the duration of a possible recovery ahead.

4 years ago

Bank of America sees booming rescue loan demand, with applications for nearly 10% of allotment

Bank of America said it's seen fierce demand for rescue loans with applications accounting for about 10% of the amount provided by Congress.

4 years ago

JAMIE DIMON WARNS: We're getting a 'bad recession' plus 'financial stress' like the 2008 crisis

In his annual shareholders letter, Dimon also warned that the bank may have to consider suspending its dividend if the economy reaches "extremely adverse" conditions.

4 years ago

Jamie Dimon says under 'extremely adverse' scenario, JPMorgan might consider suspending dividend

The possibility of JPMorgan cutting its dividend is likely to reverberate among bank investors and analysts.

4 years ago