Fiat Chrysler temporarily halts some Italian plants to battle virus
Fiat Chrysler is temporarily halting operations at some plants in Italy and will reduce production rates in response to the coronavirus outbreak in the country, the...
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.
BoE allows banks to tap capital cushion during coronavirus
The Bank of England told banks on Wednesday they can tap one of their capital buffers to maintain lending during the coronavirus epidemic, but warned they...
Text: Bank of England cuts rates to 0.25% to bolster UK economy
The Bank of England cut its key interest rate to 0.25 percent on Wednesday and announced a raft of other measures to bolster Britain's economy against...
Uber may temporarily suspend accounts of riders, drivers with coronavirus: CNN
Uber Technologies Inc is considering temporarily suspending the accounts of riders and drivers who have tested positive for the coronavirus or have been exposed to it,...
Stocks wilt on growing doubts about U.S. virus response
Asian shares and Wall Street futures fell on Wednesday, as growing scepticism about Washington's stimulus package to fight the coronavirus outbreak knocked the steam out of...
Saudi Aramco asked to boost oil output capacity to 13 million bpd: CEO
Saudi Aramco has been directed by the Ministry of Energy to raise its oil production capacity to 13 million barrels per day (bpd) from 12 million...
Business travel sector to lose $820 billion in revenue on coronavirus hit: industry group
The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses, as...
China's building work stalls in February, as virus keeps workers indoors
China's construction activities were stalled in February as the government extended Lunar New Year holidays and advised people to stay indoors as a precaution against a...
Oil extends gains as U.S. output cut hopes grow
Oil prices climbed for a second day on Wednesday as hopes U.S. producers would cut output lent support, but gains were capped by growing doubts about...
Banks at risk of losing billions of dollars in fee-based revenues - study
Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants...
Citigroup hires Loretta Ko to head financial institution group
Citigroup has hired Loretta Ko to return to the investment bank and head its financial institutions group (FIG) for Hong Kong, the bank said on Wednesday.
Got a high-deductible health plan? It may cover the cost of coronavirus testing
The IRS is giving some relief to individuals in high-deductible medical plans: Their insurance may cover the cost of COVID-19 testing and treatment. Be aware this...
Travel curbs on European travelers to U.S. to hit airlines: trade body
A United States travel ban on European visitors will hit U.S. airlines, their employees, and travelers "extremely hard", trade group Airlines for America said on Wednesday.
Ban on European travel to U.S. will batter airlines, already roiled by coronavirus
The new U.S. ban on foreign citizens entering the country if they have traveled to Europe in recent weeks will heap more pressure on airlines already...
Carl Icahn lifts stake in Occidental Petroleum to nearly 10%: WSJ
Activist investor Carl Icahn has increased his stake in Occidental Petroleum Corp to almost 10%, scaling up his fight to take control of the oil producer,...