BP targets breakeven below $35/bbl next year, CEO says
BP seeks to sharply reduce its spending and costs to be able to generate profit at oil prices below $35 a barrel by next year compared...
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.
BP hikes debt, keeps dividend as coronavirus hammers profits
BP's first-quarter profit tumbled by two thirds and its debt climbed to its highest in at least five years as the coronavirus crisis hammered oil demand,...
Bayer faces second investor reckoning over glyphosate litigation
Bayer on Tuesday faces its second annual investor reckoning over its handling of a wave of U.S. lawsuits claiming its glyphosate-based weedkillers cause cancer.
HSBC sees mounting credit losses after pandemic halves first-quarter profit
HSBC Holdings PLC on Tuesday warned of more earnings pain to come after first-quarter profit nearly halved as it boosted provisions against bad loans expected to...
Asian shares make cautious gains, capped by fresh oil woes
Most Asian shares ground higher while U.S. stock futures fell on Tuesday amid choppy trade as a renewed decline in oil prices partially offset optimism about...
Airline SAS to cut up to 5,000 jobs due to pandemic
Scandinavian airline SAS said on Tuesday it would reduce its workforce by up to 5,000 full-time positions, due to the COVID-19 pandemic and its impact on...
Nissan slashes full-year results forecast, sees operating loss
Nissan Motor Co on Tuesday said it expected to post an operating loss for the year that ended in March, as an ongoing decline in sales...
UBS posts 40% first-quarter net profit rise as wealth shows resilience
The world's largest wealth manager, UBS , reported a 40% rise in January-March profit on Tuesday, buoyed by ultra rich clients reshuffling portfolios to cope with...
Spirits maker Diageo to raise $2.5 billion from debt offering
Diageo , the world's largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme in response to the...
BP's profit tumbles, debt climbs as coronavirus crisis hammers oil demand
BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional...
Marks & Spencer strengthens liquidity to cope with coronavirus impact
British retailer Marks & Spencer said it was planning for a slow return to shopping and had taken steps to shore up its finances for 18...
Oil prices dive as world runs low on storage capacity while demand plunges
Oil prices slumped again on Tuesday amid concern about dwindling crude storage capacity worldwide and fears that fuel demand may only recover slowly once countries ease...
Mirae Asset says sued after deadline miss on $5.8 billion Anbang U.S. hotels deal
South Korean asset manager Mirae Asset Global Investments has been sued over a $5.8 billion deal to buy 15 U.S. hotels from China's Anbang Insurance Group...
UBS posts 40% first-quarter net profit rise as transaction levels jump
The world's largest wealth manager, UBS , reported a 40% increase in first-quarter net profit on Tuesday, as clients increased trading activity during market turmoil sparked...
With virus war still raging, Fed peers out of the foxhole
The Federal Reserve has two core jobs assigned by Congress: Foster maximum employment and stable prices.