Latest News on private equities market

French court upholds ruling limiting Amazon deliveries during COVID-19 crisis

French court upholds ruling limiting Amazon deliveries during COVID-19 crisis

A French court on Friday rejected U.S. online retailer Amazon's appeal against a ruling that restricts what it can deliver during the coronavirus crisis.



6 years ago
Senator Rubio: new small business aid program to launch Monday

Senator Rubio: new small business aid program to launch Monday

The U.S. Small Business Admininstration will make additional coronavirus-related financial assistance available to small businesses beginning on Monday, a top Republican senator said.



6 years ago
Georgia forges ahead with reopening despite disapproval of Trump, pandemic experts

Georgia forges ahead with reopening despite disapproval of Trump, pandemic experts

Georgia pushed ahead with its plan to become the first U.S. state to allow an array of merchants to reopen on Friday following a month-long shutdown to stanch the coronavirus outbreak, even though both U.S. President Donald Trump and health experts voiced disapproval.



6 years ago
Singtel secures $3 billion in bank credit for subsidiaries

Singtel secures $3 billion in bank credit for subsidiaries

Singapore Telecommunications' (Singtel) subsidiaries have secured close to $3 billion in bank credit facilities, it said on Friday.



6 years ago
AmEx quarterly profit plunges 76% on $1.7 billion reserve build

AmEx quarterly profit plunges 76% on $1.7 billion reserve build

Credit card issuer American Express Co posted a 76% drop in quarterly profit on Friday, as it set aside $1.7 billion to brace itself against potential non-payments due to a wave of coronavirus-led layoffs.



6 years ago
Nestle CEO not getting carried away by strong first-quarter sales growth

Nestle CEO not getting carried away by strong first-quarter sales growth

Nestle Chief Executive Mark Schneider warned on Friday against reading too much into the company's first-quarter results, which marked its best quarterly growth for nearly five years as customers stockpiled food to deal with coronavirus shutdowns.



6 years ago
Picking a side hustle for your pandemic extra cash

Picking a side hustle for your pandemic extra cash

A side hustle can bring in some much-needed cash during the pandemic. These gigs allow for social distancing.

6 years ago
Indecisive EU to force ECB into more emergency action

Indecisive EU to force ECB into more emergency action

After another disappointing EU summit, the European Central Bank finds itself in a familiar position as the leading saviour of the euro, once again being called upon to push out its boundaries while politicians bicker.



6 years ago
Businesses slowed paying their bills in March, but spent a whole lot on technology, data shows

Businesses slowed paying their bills in March, but spent a whole lot on technology, data shows

As the economy shut down, businesses diverted spending to technology, while cutting back more broadly, including on payments to suppliers.

6 years ago
IKEA says visitors returning fast to reopened shopping centres in China and Germany

IKEA says visitors returning fast to reopened shopping centres in China and Germany

Furniture brand IKEA's main retail vehicle said on Friday shoppers were returning quickly to its shopping centres after it reopened three in China last week, and one in Germany this week - its first four to open after closures due to the coronavirus.



6 years ago
Norway approves new law that could help rescue Norwegian Air

Norway approves new law that could help rescue Norwegian Air

Norway's parliament voted through a new company restructuring law on Friday that could help save Norwegian Air and many other companies from potential bankruptcy as a result of the restrictions to stem the spread of COVID-19.



6 years ago
Oil fund's near implosion is the latest market wackiness leaving traders scratching their heads

Oil fund's near implosion is the latest market wackiness leaving traders scratching their heads

The United States Oil Fund, which invests in oil futures contracts, was guaranteed to be a losing bet over time, but retail investors piled into the exchange-traded fund, perhaps believing it was a bet on the spot price of oil.

6 years ago
Verizon pulls 2020 revenue view as it loses wireless subscribers

Verizon pulls 2020 revenue view as it loses wireless subscribers

Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores.



6 years ago
Democrats Schumer, Cardin and Brown ask SBA to investigate report that loan program favored the wealthy

Democrats Schumer, Cardin and Brown ask SBA to investigate report that loan program favored the wealthy

The senators are asking the Small Business Administration to investigate a report that banks prioritized small business aid loan applications from wealthier clients.

6 years ago
U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO

U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO

A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country combats the coronavirus pandemic, congressional forecasters said on Friday.



6 years ago