Global stocks edge lower on economic toll from virus; oil rallies
Global stock markets sank Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally...
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.
Venezuela's financial crisis exacerbated by oil price war, coronavirus
A price war between world oil producers has slashed Venezuela's revenue for its top export and exacerbated the country's financial crisis as it also faces the...
U.S. services sector growth slows; employment drops: ISM
U.S. services sector activity slowed to a more than 3-1/2-year low in March, with industries reporting a moderation in new orders and decline in employment amid...
White House's Kudlow says banks are 'ready to go' in giving small business loans
Top White House economic advisor Larry Kudlow said on Friday that there would be big demand for a small-business loan program but that the banks were...
U.S. small banks have processed more than 700 small business relief loans for $2.5 million: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Friday that community banks have processed hundreds of small-business loans aimed at shoring up the economy during the global...
Bank of America received 10,000 applications within first hour of small business loan program
Bank of America Corp Chief Executive Brian Moynihan said the bank has already received roughly 10,000 applications for federally backed small business loans within the first...
Exclusive: Airline crisis forces Airbus to consider A320 output cuts
Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar with...
Deep oil output cuts won't offset unprecedented demand loss: IEA
Deep output cuts by OPEC and other oil producing nations will not prevent a huge build up of crude, the head of the IEA said on...
Brent crude rises above $33 on hopes of oil output deal
Benchmark Brent crude oil futures climbed to as high as $34.91 a barrel on Friday on rising hopes of a new global deal to cut global...
OPEC+ debates biggest-ever oil cut as virus destroys demand
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source said...
Coronavirus-led global recession to be deeper than thought but hopefully short: Reuters poll
The global recession that economists polled by Reuters say is under way will be deeper than thought a few weeks ago due to the coronavirus pandemic,...
Bank of America's small business loan portal is up, making it the first major bank to begin relief program
The U.S. has asked banks to help it dole out at least $350 billion in loans to small businesses, part of the $2 trillion coronavirus stimulus...
FedEx slashes CEO's salary, draws $1.5 billion from credit line
FedEx Corp said on Friday it would slash its chief executive officer's pay and draw down $1.5 billion from a credit facility as parcel delivery services...
Ford to keep Europe manufacturing ops offline at least until May 4
Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites at least until May 4.
Heineken says it will suspend production, distribution in Mexico due to coronavirus
Dutch brewer Heineken said on Friday that it will suspend production and distribution from its seven plants in Mexico, in response to the government's decision to...