Oil crashes after Saudi Arabia starts price war amid slumping demand
Oil prices plummeted around 30% on Monday after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next...
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.
Australia sues Facebook, alleges breach of user data
The Australian privacy regulator filed a lawsuit against Facebook Inc accusing the social media giant of sharing the personal details of more than 300,000 people with...
Exclusive: U.S., Canada, European nations meet to discuss concern over Mexico energy policy
The United States, the European Union, Canada and six European nations have held joint talks on concerns over Mexico's energy policy, sources told Reuters, as President...
Cathay could fly freight-only services on passenger jets after Japan curbs
Hong Kong's Cathay Pacific Airways Ltd may fly only freight to Japan, and no passengers, if it retains some services whose cancellation it announced at the...
World stocks toppled by coronavirus shock, oil price crash
Global share markets tumbled on Monday as panicked investors fled headlong to bonds to hedge the economic trauma of the coronavirus, and oil plunged more than...
Goldman cuts Brent forecasts to $30 on price war, virus impact
Goldman Sachs cut its second- and third-quarter Brent price forecasts to $30 per barrel, citing the oil price war between Russia and Saudi Arabia and a...
Credit Suisse cuts market forecast because of the coronavirus 'global demand shock'
As the coronavirus outbreak continues to hit global markets, Credit Suisse cut its 2020 S&P 500 target while also reducing earnings estimates.
Airline SAS cancels 8% of scheduled March flights: NRK
Scandinavian airline SAS has canceled 2,000 of the flights it had scheduled for March, equating to 8% of the total, the company told Norwegian broadcaster NRK...
Ryanair cuts more Italian flights to April 8 over coronavirus
Ryanair on Monday cut more international flights to Italy and domestic flights within the country until April 8 after the Italian government imposed travel restrictions in...
How wealthy investors are managing their portfolios amid the coronavirus scare
The rapidly-spreading COVID-19 is a so-called black swan event, even for well-to-do investors. Members of TIGER 21, an investment club for high-net worth individuals, are stocking...
Oil prices plunge, hit by erupting Saudi-Russia oil price war
Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens...
Tesco plans $6.6 billion shareholder return from Asia disposals
Tesco plans to return $6.6 billion to shareholders after agreeing to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group as part of...
U.S. stock market circuit breakers working as expected: NYSE president
Safeguards in the U.S. stock market are functioning as planned, the president of the New York Stock Exchange said on Monday, after a 7% decline in...
Coronavirus to drive European airline industry shakeout
The coronavirus will accelerate a Darwinian shakeout in Europe's overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict.
Boeing shares plunge as FAA rejects proposal on MAX wiring
Shares of Boeing Co dropped 12% on Monday after the planemaker's proposal to leave wiring bundles in place on the grounded 737 MAX failed to get...