Hong Kong protests hurt Holiday Inn-owner IHG, sees pain from virus outbreak
Holiday Inn-owner InterContinental Hotels Group reported on Tuesday a slight dip in annual room revenue, hurt by a fall in bookings in Hong Kong due to...
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.
BTG Pactual founder Esteves returns to center stage amid speculation on role
Banco BTG Pactual SA founder Andre Esteves will be the marquee speaker at a wide-ranging event on Tuesday sponsored by the Brazilian investment bank, marking a...
China to grant tariff exemptions on 696 U.S. goods to support purchases
China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to...
Exclusive: Tesla in talks to use CATL's cobalt-free batteries in China-made cars - sources
Tesla is in advanced stages of talks to use batteries from CATL that contain no cobalt - one of the most expensive metals in electric vehicle...
HSBC to slash investment bank, 35,000 jobs in strategy overhaul
HSBC Holdings PLC said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and European businesses in a...
Oil prices fall 1% as market weighs coronavirus impact on demand
Oil prices fell by more than 1% on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in...
HSBC launches Treasury APIs for business clients
Bank Innovation Rick Morgan Jan 22, 2020 HSBC is improving payments for its business clients through a suite of tools launched last week called Treasury APIs,...
Apple hits stocks, euro near three-year low
World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies reported damage from the coronavirus outbreak.
Alstom shares fall after its $6.7 billion Bombardier rail deal
Alstom shares fell on Tuesday after the French firm agreed to buy the rail division of Canada's Bombardier for up to 6.2 billion euros ($6.7 billion),...
If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too
Apple Inc's surprise warning that it will likely fall short of this quarter's sales target due to the coronavirus epidemic points to much pain for its...
Oil falls below $57 on coronavirus hit to demand, OPEC+ delay
Oil fell to below $57 a barrel on Tuesday, pressured by concerns over the impact of the coronavirus outbreak in China on oil demand and a...
Oil drops below $57 on coronavirus impact and OPEC+ delay
Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack...
Walmart's holiday sales hurt by shorter season, lower demand for apparel
Walmart Inc reported lower-than-expected holiday quarter U.S. comparable sales on Tuesday as a shorter holiday season and weak demand for apparel, toys and electronics hurt sales...
China races to contain job losses as coronavirus batters economy
When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months...
Franklin Resources to buy Legg Mason, forming $1.5 trillion asset manager
Franklin said in a press release that it agreed to acquire Legg Mason for $50 per share in an all-cash deal.