Latest News on private equity markets

WHO working to ensure supplies of diagnostics, protective gear - Tedros

The World Health Organization (WHO) is finalizing arrangements for Chinese suppliers to export protective gear for health workers and aims to build a "continuous pipeline", WHO director-general Tedros Adhanom Ghebreyesus said on Thursday.



2 months ago

Coronavirus turmoil poses test as Canada's Bombardier sheds assets

Canada's Bombardier Inc could face its first test as a standalone business jet maker as economic uncertainty linked to the rapid spread of coronavirus crimps demand for new corporate aircraft and has sparked fears of a recession, industry executives and analysts said.



2 months ago

U.S. recession chances now at 80% despite Fed emergency moves: Reuters poll

The coronavirus crisis has almost certainly ended the longest U.S. expansion on record and pushed the economy into the start of a short slump, according to analysts polled by Reuters who gave a median 80% chance of recession this year.



2 months ago

Coronavirus to have short-lived drastic impact on Armenian economy: minister

The spread of the coronavirus will have a short-lived, drastic impact on Armenia's economy, Economy Minister Tigran Khachatryan said on Thursday.



2 months ago

U.N. chief says global recession due to coronavirus 'a near certainty'

United Nations Secretary-General Antonio Guterres warned on Thursday that a global recession "is a near certainty" and current national responses to the coronavirus pandemic "will not address the global scale and complexity of the crisis."



2 months ago

Coronavirus layoffs push U.S. weekly jobless claims to two-and-a-half-year high

The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic.



2 months ago

The Fed is propping up money market funds. Here's what that means for investors

The Federal Reserve on Wednesday announced a move that's aimed at shoring up "prime" money market funds and keeping cash flowing in the U.S. financial system. Here's what that means for account holders.

2 months ago

Lawmakers push to extend tax filing season to July 15

Sen. John Thune, R-S.D., among others, has proposed legislation that would give taxpayers 90 more days to file their 2019 returns. While the Treasury has given people more time to pay, returns are still expected to be submitted by April 15.

2 months ago

Unemployment insurance is flawed. Trump's coronavirus relief plan won't fix it

The unemployment insurance program in the U.S. won't help enough workers absent some sort of government intervention, according to experts.

2 months ago

H&M issues notice of temporary lay-offs to 2,000 staff in Norway: DN

Swedish retailer H&M has sent notice of temporary lay-offs to 2,000 employees in Norway due to the coronavirus outbreak, Norwegian business daily Dagens Naeringsliv reported on Thursday, citing the head of the Norwegian business.



2 months ago

Explainer: What is herd immunity and will it affect the pandemic?

The outbreak of disease caused by the new coronavirus has raised questions about a phenomenon known as "herd immunity" and whether it might play a role in how the pandemic progresses.



2 months ago

Rich nations pump aid into battered economy as coronavirus deaths in Italy overtake China

The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicenter Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.



2 months ago

U.S. auto suppliers seek government aid to cope with coronavirus hit

The trade group for U.S. auto parts makers on Thursday asked the government for emergency grants "to keep the doors open," tariff relief and other assistance to cope with mounting pressures from the coronavirus crisis.



2 months ago

Dollar rampage spurs FX interventions, speculation of big G7 move

From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world's biggest central banks may be in the offing.



2 months ago

Latin America's largest airline to halve pay for its 43,000 employees

LATAM Airlines Group , South America's largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the coronavirus outbreak, a source close to the situation told Reuters on Thursday.



2 months ago