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SEC Proposes Rule Changes to Harmonize, Simplify and Improve the Exempt Offering Framework

SEC | Press Release | March 4, 2020 Proposed amendments would provide a more rational framework, eliminate complexity and increase access to capital while preserving and enhancing important investor protections FOR IMMEDIATE RELEASE 2020-55 Washington D.C., March 4, 2020 —The Securities and Exchange Commission today announced that it has voted to propose a set of

5 years ago

Russia can cope with oil price drop if no OPEC cut agreed -Finance Minister

Russia is fiscally prepared to cope with a drop in oil prices, Finance Minister Anton Siluanov said on Thursday, as OPEC tries to convince Moscow to support the market with a deeper output cut in the wake of the coronavirus outbreak.



5 years ago

Kroger's quarterly profit, sales top estimates on private-label strength

U.S. supermarket chain Kroger Co topped fourth-quarter profit and sales estimates on Thursday, boosted by strong demand for its high-margin private-label brands, sending its shares up as much as 7.2%.



5 years ago

Portugal's TAP cancels around 1,000 flights in March-April over coronavirus

Portugal's flag carrier TAP cancelled a total of around 1,000 flights this month and next due to a fall in demand over concerns about the spreading coronavirus, the company said on Thursday, also envisaging an unspecified impact on revenues.



5 years ago

Low rates, warming housing market - is it deja vu for Bank of Canada's Stephen Poloz?

Bank of Canada Governor Stephen Poloz looks ready to end his term where he began, setting interest rates near historic lows to support the broader economy at the risk of stoking higher prices in a housing market that is heating up.



5 years ago

Oil eases as demand worries overshadow OPEC deal to deepen supply cuts

Oil prices edged lower on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, but losses were limited as major producers agreed on deeper output cuts to bolster prices.



5 years ago

3M taps regional suppliers to meet soaring demand for masks

Diversified manufacturer 3M Co has avoided major supply chain disruptions from the coronavirus outbreak by sourcing materials for its protective face masks from regional suppliers instead of far-flung locations, a company official told Reuters.



5 years ago

Kazakhstan says OPEC+ countries yet to reach consensus on extension: TASS

Kazakhstan's Energy Minister Nurlan Nogayev said on Thursday that OPEC and non-OPEC oil exporters have not yet reached consensus on the parameters of an extension on their oil output deal, the TASS news agency reported.



5 years ago

Exxon to push ahead with spending plans despite investor concerns

Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to its plans to "lean in" to spending even as its shares have lagged those of competitors, which are cutting costs.



5 years ago

Coronavirus, politics and trade compound problems for Airbus A330neo

Airbus is battling to shore up support for its A330neo wide-body passenger jet as the coronavirus crisis, geopolitics and trade wars raise fresh questions over demand for the aircraft, industry sources said.



5 years ago

Trump may be eligible for a tax break after donating his salary to stop the coronavirus

The president has been donating his pay to federal agencies and recently announced a gift to the Department of Health and Human Services. Here's how giving to the U.S. Treasury could help you save on taxes.

5 years ago

AT&T partners with Google Cloud for 5G edge computing

AT&T Inc has partnered with Alphabet Inc's Google Cloud to use 5G edge computing technologies to help clients improve speed and increase security by running applications closer to end users.



5 years ago

World stocks tumble as coronavirus cases rise outside China

Global equity markets tumbled and the dollar slid on Thursday as the number of coronavirus cases outside China mounted rapidly, leading California to declare an emergency and HSBC in London to send more than 100 staff home.



5 years ago

Big tech firms ask Seattle employees to work from home over coronavirus fears

Alphabet Inc's Google on Thursday joined Amazon.com Inc, Facebook Inc and Microsoft Corp in recommending employees in the Seattle area to work from home, after many were infected with the coronavirus in the region.



5 years ago

Portugal's TAP cancels 1,000 flights in March-April as coronavirus hits demand

Portugal's flag carrier TAP canceled around 1,000 flights scheduled in March and April on Thursday after concerns about the coronavirus epidemic led to a fall in demand and said it envisaged an unspecified impact on revenues.



5 years ago