U.S. opposes massive liquidity IMF boost: Mnuchin
The United States opposes creation of liquidity through issuance of the International Monetary Fund's Special Drawing Rights (SDRs) as part of the response to the coronavirus...
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.
VW ditches outlook after COVID-19 hammers first-quarter profit
Germany's Volkswagen Group withdrew its outlook for 2020 on Thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit to drop 81%...
Daimler/BMW's 'FREE NOW' service to restructure, integrate French app Kapten
The 'FREE NOW' taxi ride-hailing service run by Daimler and BMW announced on Thursday a corporate restructuring, which could lead to job cuts, and unveiled plans...
U.S. weekly jobless claims highlight economic carnage from coronavirus
A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused...
Founder of easyJet calls for CEO and chairman to go
The founder and biggest shareholder of easyJet said he would call for the removal of the low cost airline's chief executive and chairman in an escalation...
Morgan Stanley profit plunges as dealmaking hit by pandemic
Morgan Stanley posted a 32% fall in quarterly profit on Thursday as its advisory and wealth management businesses took a hit from the economic fallout of...
Volkswagen withdraws outlook after first-quarter operating profit drops 81%
Volkswagen Group on Thursday withdrew its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused operating profit to drop 81% in the first...
Barrick expects to meet annual targets despite coronavirus-led lockdowns
Barrick Gold said on Thursday it was on track to meet its full-year production targets even as it reported an 8.5% drop in first-quarter gold output...
Coronavirus hurts corporate activism as M&A, buybacks decline
Activist shareholders are likely to scale back campaigns in coming weeks as target companies brace for a deep recession and their favorite calls for change -...
US banks have an opportunity to be 'heroes' in the coronavirus crisis, fund manager says
U.S. banks have a huge opportunity to emerge from the coronavirus as "heroes" and "good guys," a fund manager told CNBC on Wednesday.
Dollar perched at one-week highs before U.S. jobless data
The dollar consolidated its gains against other currencies on Thursday before the release of weekly U.S. jobless data likely to provide more evidence of the world's...
Luxury department store retailer Neiman Marcus Group skipped bond payment: letter
Neiman Marcus Group skipped a bond payment due this week to Marble Ridge Capital LP, according to a letter from the hedge fund to the luxury...
Parents working from home share their best tips for surviving the quarantine with kids
Across the country, parents are adjusting to a new normal in the pandemic. Here's how they cope when home is also a workplace, a school and...
Portugal's TAP asks for state-backed loan to survive coronavirus
Portugal's flag carrier TAP has asked for a state-backed loan to aid the survival of the company, which is at its most fragile since it was...
Vietjet agrees loan repayment delays with lenders
Vietjet Aviation has reached agreements with its lenders to delay repayments on loans it used to buy aircraft, the Vietnamese budget airline said on Thursday.