Goldman Sachs profit halves on mounting loan loss provisions
Goldman Sachs Group Inc reported a 49% fall in quarterly profit on Wednesday, as the bank put aside nearly $1 billion to meet future loan defaults...
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.
Amazon may close French warehouses after court restrictions
Amazon said on Wednesday it may temporarily close its warehouses in France after a court ordered the e-commerce giant to limit deliveries in the country to...
Oil falls 4% towards $28 on oversupply concerns
Oil fell 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to global coronavirus-related lockdowns and a lack...
There are limits to boldly easing bank rules in coronavirus pandemic: BIS
Easing bank rules is among the "bold and extraordinary" steps needed to beat the coronavirus, but it must be temporary and limited to avoid undermining financial...
ADCB files criminal complaint against individuals linked to NMC Health
Abu Dhabi Commercial Bank , a key lender to NMC Health , said on Wednesday it had filed a criminal complaint against a number individuals linked...
Exclusive: Ukraine ready to ban wheat exports if necessary - deputy minister
Ukraine, one of world's top grain exporters, is ready to ban wheat exports if sales exceed limits agreed with traders, the deputy economy minister in charge...
Exclusive: Aramco offers struggling refiners sweeter terms for crude
Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants...
UnitedHealth beats quarterly profit on strength across businesses
UnitedHealth Group Inc , the largest U.S. health insurer, on Wednesday beat quarterly profit expectations, boosted by strength across its businesses, and maintained its 2020 outlook...
Proxy advisers split over endorsing Bayer management at AGM
Shareholder advisory groups are divided over whether to endorse the management and directors at German drugs and pesticides company Bayer , according to recommendations submitted by...
Swiss court rejects Credit Suisse bid to block FINMA spying scandal appointment
Credit Suisse has lost a bid to block an auditor appointed by Switzerland's financial supervisor as part of its probe into the bank's spying scandal, court...
Uber targets older Americans with phone-based food ordering during coronavirus crisis
Uber Technologies Inc on Wednesday said customers in New York City and the Miami area could now order restaurant meal deliveries over the phone, instead of...
Goldman Sachs profit halves on higher loan loss provisions, investment hit
Goldman Sachs Group Inc reported a 49% drop in quarterly profit on Wednesday, as it set aside significantly higher provisions related to corporate loans due to...
Pentagon probe unable to rule out White House influence on JEDI contract
The Pentagon's inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp...
American Airlines CEO says government aid should cover financing needs if demand recovers: CNBC interview
American Airlines Group Inc Chief Executive Doug Parker told CNBC on Wednesday that the $10.55 billion it will receive in federal grants and loans should be...
Apple has a $399 iPhone SE for the budget-conscious as coronavirus stalls economy
Apple Inc on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company's smartphone line in a move to broaden its...