India's Yes Bank plunges 60%, panicked depositors rush to withdraw funds
Shares in India's Yes Bank Ltd plunged 60% on Friday as panicky depositors rushed to withdraw funds after the central bank took control in a dramatic...
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.
China's first-quarter economic hit from coronavirus looking more severe: Reuters poll
The coronavirus likely halved China's economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and...
Peugeot CEO Tavares says China strategy needs rethink
Peugeot boss Carlos Tavares said on Friday PSA and Fiat Chrysler (FCA) will need to review their strategy in China after the closing of the merger...
OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak
OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional 1.5 million barrels per day (bpd)...
Facebook, Google ask San Francisco staff to work from home as coronavirus spreads
Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees work from home to minimize the risk of...
On the brink: China's bakers, bars and beauty spas struggle to survive coronavirus
The coronavirus outbreak in China is pushing many small businesses to the brink, as efforts to stem its spread left usually bustling streets deserted and malls...
Timeline: India central bank takes control of bad loan-burdened Yes Bank
India's central bank took control of the country's fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawals, spreading confusion and fear among...
India's Yes Bank plunges 35% as central bank takes control
Shares in India's Yes Bank dropped nearly 35% on Friday to their lowest in more than a decade, after the central bank took control and set...
Oil drops on demand doubts, fears that producer output cuts not yet agreed
Oil slid 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC...
'Unsustainable': Mexico's Pemex buckling under crushing pension debt
Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump...
How Lipper Award-winning fund managers are playing coronavirus scare
Uncertainty over the economic impact of the coronavirus outbreak has prompted at least some winners of the U.S. Lipper Fund Awards to look for companies that...
Facebook, Google ask San Francisco staff to work from home amid coronavirus
Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees to work from home to minimize the risk...
U.S. employment report expected to show strength before coronavirus spread
U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market...
Cathay Pacific to close Vancouver cabin crew base, cutting 147 roles
Hong Kong's Cathay Pacific Airways Ltd said on Friday it was closing its Vancouver cabin crew base, laying off 147 crew members, as part of an...
Stocks battered by Treasury rally as virus sparks shake out
Asian shares and U.S. stock futures tumbled on Friday as disruptions to business from the coronavirus worsened, stoking fears of a prolonged global economic slowdown.