Morgan Stanley says a global recession in 2020 is now the firm's 'base case'
Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy.
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.
Trump administration to seek $850 billion to stem virus' economic fallout: report
The Trump administration plans is seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported on Tuesday...
Oil near $30 as recession fears, pump war weigh
Oil traded near $30 a barrel on Tuesday, close to its lowest since 2016, and analysts said more declines may follow as the coronavirus pandemic hits...
Global stocks shaky after worst crash since 'Black Monday'
World share markets and oil prices struggled to shake off their coronavirus fears on Tuesday after Wall Street's worst rout since the Black Monday crash of...
Senate weighs emergency coronavirus pandemic funds; Trump seeks $850 billion more
The U.S. Senate on Tuesday prepared to weigh a multibillion-dollar emergency spending bill passed by the House of Representatives offering economic relief from the coronavirus pandemic...
European airlines plead for rescue package as coronavirus crisis intensifies
European airlines on Tuesday called on governments to draw up a package of measures including deferring taxes to rescue the struggling industry as the crisis caused...
Wall Street set for slight bounce after 'Black Monday' carnage
Wall Street's main indexes looked set for a bounce on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the...
Tiffany & Co to temporarily shut several stores, cuts hours at others
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working...
Exclusive: Amazon warehouses receive only vital supplies in U.S., Europe amid coronavirus
Amazon.com Inc will only receive vital supplies at its U.S. and UK and other European warehouses until April 5, its latest move to free up inventory...
Coronavirus-stricken airlines call for state aid to avert ruin
Airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday.
HSBC appoints insider Noel Quinn as chief executive
HSBC said on Tuesday it appointed Noel Quinn as chief executive officer, handing the insider and interim boss the reins of Europe's biggest bank and ending...
U.S. to boost tariffs on Airbus planes Wednesday, adding pressure on airlines
The United States is expected to increase U.S. tariffs on Airbus planes by 50% on Wednesday, U.S. and European officials say, dealing a further blow to...
California considers whether Tesla factory can operate in coronavirus shutdown
Local California officials are evaluating if and how Tesla Inc will be allowed to continue operating its main U.S. vehicle factory as the San Francisco Bay...
Trump pushes Congress for new coronavirus spending as Senate mulls second emergency bill
ThanU.S. President Donald Trump's administration pushed lawmakers to send money directly to Americans to counter the economic toll of the coronavirus outbreak, as the Senate weighed...
Explainer: How your bank deposits are (and aren't) protected
In the United States and many other countries, the government guarantees a certain amount of each customer's deposits in the event of a bank failure, to...