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Latest News on private equity markets

Exclusive: U.S. small business program handed out virus aid to many borrowers twice

A technical snafu in a U.S. government system caused many small businesses to receive loans twice or more under a federal aid program to help businesses hurt by the COVID-19 pandemic, nearly a dozen people with knowledge of the matter said.



3 years ago

Pfizer to invest up to $500 million in public drug developers

Pfizer Inc said on Tuesday it will invest up to $500 million into publicly traded drug developers to fund their treatment candidates and provide access to the U.S. drugmaker's scientific expertise.



3 years ago

S&P 500, Dow scale fresh three-month peaks

The S&P 500 and the Dow Jones indexes hit new three-month highs on Tuesday on prevailing optimism around the reopening of businesses, with investors remaining cautious around more disruptions from protests in the country over the death of a black man while in police custody.



3 years ago

U.S. opens national security probe into vanadium imports

The U.S. Commerce Department said on Tuesday it was opening an investigation into whether imports of vanadium, a metal used in aerospace, defense and energy applications, impair U.S. national security.



3 years ago

4 Aspects in Your Ecommerce Business You Should Automate

Guest Post | Jun 2, 2020 I know why you’re here. You’re trying to scale your enterprise while avoiding adding too much on your workload, aren’t you? If you’re nodding in agreement, then you need to start using automation. Automation streamlines your processes, enhances your efficiency in performing tasks, and bolsters your capacity to handle

3 years ago

EU seeks feedback on new antitrust power to investigate companies

EU regulators are seeking feedback about a possible new power to investigate businesses and demand changes even when no competition rules have been broken, in a move aimed at stopping companies from abusing their dominance.



3 years ago

Global equities cruise to three-month highs, dollar under protest pressure

World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.



3 years ago

GM, Ford join U.S. companies condemning George Floyd death, racism

General Motors Co and Ford Motor Co condemned racial inequality in the United States following the death of George Floyd, an unarmed black man, at the hands of police in Minneapolis last week.



3 years ago

Global airport group says pandemic safety rules to lengthen pre-departure waits

New global guidelines featuring physical distancing to restart aviation safely during the coronavirus pandemic could add up to two hours of pre-departure time for passengers at some airports during peak hours, the head of an international airports' group said on Tuesday.



3 years ago

JPMorgan, Barclays settle Mexican bond rigging litigation

JPMorgan Chase & Co and Barclays Plc will pay $20.7 million to resolve investors' claims they conspired to rig the Mexican government bond market, the first of nine banks in the proposed class-action litigation to settle.



3 years ago

No major conditions on Renault's state-backed loan, chairman says

France has not attached any major conditions to a 5 billion euro ($5.6 billion) state-backed loan for Renault, the carmaker's chairman said on Tuesday, although the finance minister called on the company to hold "exemplary" talks with unions.



3 years ago

Financing hunt during pandemic lifts May U.S. convertible debt issuance to record

U.S. issuance of convertible bonds in May hit a record high of $20.7 billion, according to Bank of America data, as companies struggling with the impact of the coronavirus pandemic ventured into the one-time niche market seeking cheaper and easier ways to borrow cash.



3 years ago

Britain, EU clash over financial market access: diplomats

Britain wants binding commitments from the European Union on financial market access to avoid the country's finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said.



3 years ago

China is using Huawei to drive a wedge in the UK-U.S. special relationship: senator

China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.



3 years ago

This is a lucrative — but little-used — unemployment benefit: 'It's a complete windfall'

Work-sharing programs, which are part of the unemployment insurance system, could financially benefit workers and businesses amid the coronavirus pandemic. Turns out, they're rarely used.

3 years ago