Brent crude benchmark drops as demand worries outweigh output cut
Benchmark Brent oil prices turned negative on Monday, erasing gains made after major producers agreed record global output cuts, pressured by concerns that the cuts will...
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.
SoftBank sees $16.5 billion full year Vision Fund loss
Softbank Group Corp said on Monday it expects its $100 billion Vision Fund to book a loss of 1.8 trillion yen ($16.5 billion) in the financial...
Telco shares are surprise losers as lockdown drives internet boom
As lockdowns worldwide drive a surge in internet use, boosting online sales for businesses as varied as gaming and food delivery, the stocks of internet providers...
Trump says plan to re-open shuttered U.S. economy to be completed soon
President Donald Trump said on Monday that his administration was close to completing a plan to re-open the U.S. economy, which has been largely shut down...
Emirates to operate limited passenger services to U.S., Asia, North Africa
Dubai's Emirates said on Monday it planned to operate limited passenger services to Algiers, Tunis, Jakarta, Manila, Taipei, Kabul and Chicago.
Russia's oil output down to 11.24 million bpd on April 1-12: source
Russia's average oil production was down to 11.24 million barrels per day (bpd) on April 1-12, an oil industry source told Reuters on Monday.
Futures retreat as focus turns to corporate earnings
U.S. stock index futures declined more than 1% on Monday after a strong rally last week, with investors bracing for the earnings season for further evidence...
Kremlin says 'important' global oil deal helped avert market chaos
The Kremlin said on Monday that the global oil output deal clinched by OPEC and non-OPEC countries had helped stop oil markets sliding into chaos and...
'Elbow to elbow:' North America meat plant workers fall ill, walk off jobs
At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10 cents a day to buy masks to protect themselves...
Factbox: Non OPEC+ crude oil supply cuts
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Sunday to reduce output by 9.7 million barrels per day (bpd)...
Record oil output cuts fail to make waves in coronavirus-hit market
The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are...
Oil prices broadly shrug off output cut as demand worries weigh
Oil prices fluctuated on Monday as the positive impact of major producers agreeing record global output cuts was offset by concerns they will not be sufficient...
Norway will announce oil output decision soon: minister
Norway, Western Europe's largest oil producer, will announce its decision on whether to slash crude output soon, potentially adding its weight to a global push to...
Trading gains for big U.S. banks may not last past first quarter
Big U.S. banks made a pretty penny in trading during the first quarter as the coronavirus pandemic caused wild market swings, analysts said, but those gains...
Grubhub, DoorDash, Postmates, Uber Eats are sued over restaurant prices amid pandemic
GrubHub, DoorDash, Postmates and Uber Eats were sued on Monday for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear...