Brent slumps to 1999 lows, stocks clamber higher
Stormy oil markets sent Brent prices crashing to their lowest since 1999 on Wednesday, though a stabilisation of some petrocurrencies and a bounce in European stocks...
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.
Elevator maker Kone's first-quarter profit beats forecasts
Finland's Kone reported a 10% fall in first-quarter profit hurt by the coronavirus outbreak but beat forecasts and stuck with its recently adjusted 2020 outlook.
EU antitrust regulators resume probe into Boeing, Embraer deal
EU antitrust regulators have resumed their investigation into Boeing's bid to buy the jetmaking arm of Embraer , with a decision due by Aug. 7, a...
Asia stocks on defensive as oil pain spreads
Asian share markets were on the defensive on Wednesday as the floor fell out from under crude prices, sparking worries about further turmoil in the energy...
Ted Baker names easyJet executive John Barton as chairman
Troubled fashion retailer Ted Baker on Wednesday named easyJet Chairman John Barton as its non-executive chairman, less than a month after appointing Rachel Osborne to the...
Oil prices hit 1990s low as coronavirus outbreak sinks demand
Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse...
Facebook invests $5.7 billion in Reliance unit to reach small Indian grocers
Facebook will spend $5.7 billion for 10% of Reliance Industries's digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer...
Oil prices tumble on demand collapse, Brent at 1999 lows
Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse...
Ships, trains, caves: Oil traders chase storage space in world awash with fuel
Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply and...
Apollo, Oaktree, BGH among those circling Virgin Australia: sources
Private equity and distressed situation specialists Apollo Global Management, Oaktree Capital Management and BGH Capital are among those that have expressed interest in restructuring Virgin Australia...
California regulator wants changes in PG&E reorganization plan, proposes $2 billion fine
A California regulator has asked PG&E Corp for governance and oversight changes in its reorganization plan, while also proposing penalties of about $2 billion on the...
Asia stocks fall after U.S. crude collapses for second day
Asian share markets slipped to two-week lows on Wednesday as the floor fell out from under crude prices, exposing the deep economic damage wrought by the...
Facebook to buy 10% stake in telco unit of India's Reliance Industries for $5.7 billion
Facebook will buy a 10% stake in the digital business of India's Reliance Industries for $5.7 billion, as the social media firm looks to leverage its...
Global CEOs see U-shaped recession due to coronavirus: survey
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't survive the pandemic, a...
JPMorgan Chase plans to return employees to work in phases: memo
JPMorgan Chase & Co, the largest U.S. lender, said on Tuesday it was working on a plan to bring thousands of employees who have been working...