Brent crude rises after coronavirus drags it to lowest since 1999
Brent crude oil sank below $16 a barrel to its lowest since 1999 on Wednesday, before recovering slightly on the prospect of extra pledges to cut...
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.
AT&T pulls 2020 financial forecast as coronavirus clouds business
AT&T Inc pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future.
Whether OPEC+ formally agrees, deeper oil cuts now look inevitable
Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may...
U.S. securities regulator warns investors over Chinese company disclosures
The head of the U.S. securities regulator on Wednesday warned investors against putting money into Chinese companies as they rebalance their portfolios following market turmoil due...
Massive layoffs and pay cuts are likely coming to state and local governments as federal aid goes elsewhere
State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to...
Delta to halve cash burn as it turns focus to choppy coronavirus recovery
Delta Air Lines Inc has taken steps to halve its cash burn to $50 million per day through June after posting its first quarterly loss in...
Baker Hughes posts $10 billion loss as oil sector demand tanks
Oilfield firm Baker Hughes Co on Wednesday reported a $10 billion first-quarter loss and revenue fell more than expected as an 80% plunge in oil prices...
Saudi Arabia may re-route tankers if U.S. imposes crude import ban: sources
Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports...
Coronavirus freezing funding for space companies and more than half may not make it, analyst says
Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic.
Euro zone economy set for deepest recession on record: Reuters poll
The euro zone economy is already in its deepest recession on record, according to a Reuters poll of economists, who have stuck to a bleak outlook...
Brent crude oil rises after hitting lowest this century on coronavirus crisis
Brent crude oil rose on Wednesday after slumping below $16 a barrel to its lowest since 1999, supported by voluntary as well as the prospect of...
EU 'misunderstandings' delay deal on coronavirus economic recovery
It may take European Union countries until the summer or even longer to agree on how exactly to finance an economic recovery from the coronavirus pandemic...
Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers
Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small...
Delta posts loss for first quarter amid pandemic slowdown
Delta Air Lines Inc reported on Wednesday its first first-quarter loss in nine years and forecast a 90% decline in second-quarter revenue as the coronavirus crisis...
BlackRock says sustainability reports might slide during pandemic
Top asset manager BlackRock Inc, which has vowed to put more focus on climate issues, said that companies might give a lower priority to sustainability reports...