Oil surges as producers trim output to respond to demand loss
Oil surged on Thursday amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while the...
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.
Truck maker Volvo profit falls less than expected amid pandemic pain
Sweden's AB Volvo reported a smaller-than-expected fall in quarterly operating earnings on Thursday as service sales held up in the face of tumbling sales and orders...
Credit Suisse warns over coronavirus uncertainties after first-quarter earnings beat
Credit Suisse Group AG posted a 75% rise in first-quarter net profit on Thursday, even as it cautioned the global coronavirus pandemic could impact performance in...
Dollar gives up gains against commodity currencies as oil recovers
The dollar erased gains and fell against the currencies of oil producers on Thursday, as a rebound in crude prices after an unprecedented collapse helped to...
Air France-KLM CEO bonus incompatible with state aid: Dutch Finance minister
Air France-KLM must scrap all of Chief Executive Ben Smith's bonus payments for this year if it wants to secure state aid, Dutch Finance minister Wopke...
Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand...
Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams car demand
South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade as the spreading...
Renault's first-quarter sales fall, outlook still unclear
French carmaker Renault on Thursday posted a 19.2% drop in first-quarter revenue to 10.13 billion euros ($10.97 billion), and said it was still too early to...
Truck maker Volvo first-quarter profit falls less than expected
Swedish truck maker AB Volvo reported a smaller-than-expected fall in first-quarter operating earnings on Thursday but warned its net order intake of trucks had been negative...
Record U.S. jobless claims wipe out post-Great Recession employment gains
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in...
Fast Retailing CEO criticises Japan's lack of virus tests: report
The head of Fast Retailing Co , owner of fashion chain Uniqlo, criticised Japan's lack of coronavirus testing in a media interview, joining a chorus of...
OneEleven announces it is permanently ceasing operations
Betakit Meagan Simpson Apr 22, 2020 Toronto-based incubator OneEleven announced on Wednesday that it has permanently ceased operations due to economic impacts caused by the current...
Oil rises for second day as producers trim output to respond to demand loss
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages...
Dollar up against commodity currencies but oil rebound tempers safety bid
The dollar edged higher against the currencies of oil producers on Thursday as a rebound in crude prices from an unprecedented collapse only partially calmed markets...
Kia Motors to halt operations at two domestic factories on some days in April, May: union
South Korean automaker Kia Motors plans to suspend operations at two of its domestic factories from April 27 to May 10 and again between May 22...