The government's $349 billion loan program for small businesses hurt by the coronavirus pandemic officially ran out of funds on Thursday. Still, even businesses that have been approved for loans are waiting on their checks while others balk at the program's strict payroll requirements.
The World Bank and International Monetary Fund should seek case-by-case solutions to ease debt burdens on middle-income countries hit by the coronavirus pandemic, key shareholders said on Friday, fueling calls to widen relief already provided to the poorest countries.
Chile's LATAM Airlines , South America's largest carrier, will cancel 95% of its scheduled flights in May, the company said on Friday, maintaining similar levels to its current operations due to the coronavirus crisis.
Global stocks rallied on Friday on President Donald Trump's plans to revive the coronavirus-hit U.S. economy and hopes of a potential drug to treat COVID-19, while the dollar fell amid a growing risk-on sentiment among investors.
Private equity firm Canyon Bridge, the Chinese-backed owner of Imagination Technologies, told the British government it was committed to keeping the chip designer headquartered in the UK, confirming an earlier Reuters report.
Oil prices were mixed on Friday, with weak Chinese economic figures and rapidly filling U.S. crude storage offsetting bullishness built on U.S. President Donald Trump's outlines for the U.S. economy to emerge from the coronavirus shutdown.
The Federal Reserve is moving as quickly as possible to set up new emergency lending facilities to support credit markets and the economy, and its efforts are already helping to stabilize short-term funding markets, said Daleep Singh, head of the markets group at the New York Fed.
Wall Street bounced on Friday as Boeing said it would resume production of commercial jets, with investors also cheering President Donald Trump's plan to reopen the economy and on hopes of a potential drug by Gilead Sciences to treat COVID-19.
The rollout of the federal forgivable loan program was anything but simple for small-business owners. However, self-employed people and independent contractors got the short end of the stick.
The CARES Act passed by Congress is putting one-time payments into the hands of millions of Americans. But if you have outstanding private debt, that money could be taken from you. Some states have laws to prevent that.
Uniper announced on Friday the appointment of new directors following the resignation of a raft of supervisory board members earlier this month, after Finland's Fortum secured a 69.6% stake in the German energy group.
Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about $2 billion for the first quarter.
With rooms sitting empty, smaller hotel operators are weighing options to defer debt payments and in some cases, close properties.
General Motors said on Friday it had started delivering the first batch of 54 ventilators to U.S. hospitals treating severely ill COVID-19 patients.
The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis.