Small Hong Kong businesses count the cost of coronavirus
As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating their...
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.
Exclusive: Deutsche Bank taps U.S. tech companies for makeover - sources
Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the German bank's outdated and fragmented technology networks, people with knowledge of the matter...
Hyundai signs development deal with another electric vehicle startup
Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on...
U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sources
A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state...
IKEA brand owner appoints Jon Abrahamsson Ring new CEO
Inter IKEA Group, owner of the IKEA furniture brand, appointed on Tuesday Jon Abrahamsson Ring as new Chief Executive from Sept. 1.
TUI says exceptional holiday bookings helps to offset 737 MAX woes
European travel company TUI said an exceptional number of holiday bookings would help offset the impact of the Boeing 737 MAX grounding on its annual profit,...
Daimler's Mercedes sales drive higher but charges put brakes on profit
Daimler reported a 64% fall in 2019 net profit, its largest drop in a decade, despite record high Mercedes-Benz sales as CEO Ola Kaellenius signed off...
China central bank gives greenlight to Mastercard's China JV for clearing business
China's central bank said on Tuesday it has approved an application by Mastercard's China joint venture to conduct bank card clearing operations in the country.
FAA says approaching 737 MAX test flight, awaits Boeing proposals
The U.S. Federal Aviation Administration is narrowing the issues needed before it can conduct a certification test flight on the grounded Boeing 737 MAX, but will...
Airbus confident can sell more than 1,000 A321XLRs over 10 years
Airbus SE is confident of selling more than 1,000 A321XLR aircraft, a longer-range version of the single-aisle A321neo jetliner, over the next 10 years, a senior...
Michelin shares fall after tire maker sees lower 2020 operating income
Shares in French tire maker Michelin fell on Tuesday after the company forecast a slightly lower operating income for 2020 and flagged uncertainty to its business...
Airbus confident of selling more than 1,000 A321XLRs: executive
Airbus SE is confident of selling more than 1,000 A321XLR aircraft, a longer-range version of the single-aisle A321neo jetliner, over the next 10 years, a senior...
Mercedes has re-started China production, still assessing virus impact
Mercedes-Benz has re-started production of luxury passenger cars in Beijing this week, Ola Kaellenius, Chief Executive of parent company Daimler , said on Tuesday.
Metro CEO expects less than 30 Real stores to be closed - letter
German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division's stores,...
Samsung unveils foldable Galaxy Z phone, Galaxy S with 5G
Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact, its second try at a novel technology that the South Korean cell...