Latest News on private equities market

Oil prices rose on Wednesday amid signs of improving demand and a drawdown in U.S. crude inventories but worries over the economic fallout from the coronavirus pandemic capped gains.

A company linked to China's scandal-hit Luckin Coffee Inc is seeking fresh capital, sources said, highlighting the ripple effect of Luckin's fabricated transactions as the chairman of both firms scrambles to avoid a cash crunch.

The reasons behind the proposed merger of car makers Fiat Chrysler and Peugeot-owner PSA are "stronger than ever" as the COVID-19 pandemic adds to existing challenges facing the industry, the FCA chairman said on Wednesday.

Nissan Motor Co said on Thursday it still reserves the right to take further legal measures in the case of its ousted former Chairman Carlos Ghosn, after the United States arrested two men on charges they enabled his escape from Japan.

Mastercard Inc will not ask employees to return to its worldwide corporate offices until they are comfortable that the sometimes fatal coronavirus is under control with vaccines or other measures, a senior executive told Reuters on Wednesday.

Gilead Sciences Inc and partner Galapagos NV said on Wednesday only a higher dose of their experimental drug filgotinib showed greater effectiveness than placebo in a pivotal study testing it in ulcerative colitis patients.

Online travel booking company Expedia Group Inc on Wednesday pointed to demand recovering in May as cancellation rates stabilize, overshadowing a bigger-than-expected quarterly loss and sending its shares up nearly 4%.

Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.

Airline Lufthansa said on Thursday it is in advanced talks with the German government's economic stabilisation fund over a rescue deal worth up to 9 billion euros ($9.88 billion), including the state taking a 20% stake in the company.

Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support.

Forbes | Cory Johnson | May 19, 2020 XRP-powered Coil could put crypto transactions into the hands of tens of millions with WordPress deal. But will it take? The excitement over how much blockchain could do has always been outmatched by what little blockchain does do. But that may finally be changing. Today, the San

Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.

Forbes | Susan Galer | May 19, 2020 Timelines for the emergence of quantum computers may be fuzzy, but the threat they pose to the vaunted security of blockchain technology is profoundly real. Originally popular as fail-safe security for bitcoin enthusiasts, blockchain is making inroads across numerous industries, most notably as a track and trace

Expedia Inc posted a bigger-than-expected quarterly loss and suspended quarterly dividends on Wednesday, as the COVID-19 pandemic decimated travel demand and hit bookings at the online agent.

The Treasury Secretary said a furloughed worker who gets a job offer would be ineligible for unemployment benefits. But that's not always the case, experts said.