Latest News on private equities market

Luckin Coffee is a painful reminder of 'the extreme fraud risk' of some China-based companies

Luckin Coffee is a painful reminder of 'the extreme fraud risk' of some China-based companies

Accounting woes at Luckin Coffee led to a 75% decline in the Chinese company's stock on Thursday.

6 years ago
BMW CEO: working to safeguard liquidity during coronavirus crisis

BMW CEO: working to safeguard liquidity during coronavirus crisis

BMW Chief Executive Oliver Zipse said the carmaker is focussing on preserving the health of its balance sheet and workforce which have come under strain during the coronavirus crisis.



6 years ago
Exclusive: Airbus weighs sharp cut in A320 series plane production - sources

Exclusive: Airbus weighs sharp cut in A320 series plane production - sources

Airbus is studying a sharp cut in output of its top-selling A320 plane series in light of industrial and delivery challenges posed by the coronavirus crisis, four people familiar with the matter said.



6 years ago
'Mom & Pop' shops worry they will be squeezed out of small business coronavirus aid

'Mom & Pop' shops worry they will be squeezed out of small business coronavirus aid

Family-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday for a $349 billion pot of money the U.S. government will offer businesses hard-hit by coronavirus.



6 years ago
Trump to host Big Oil execs at White House to discuss market slump

Trump to host Big Oil execs at White House to discuss market slump

U.S. President Donald Trump will meet with oil company executives at the White House on Friday to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war.



6 years ago
UK facing Depression-style hit as firms slump in March

UK facing Depression-style hit as firms slump in March

Britain's economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey showed the coronavirus crisis caused a record downturn among services and manufacturing firms in March.



6 years ago
Brent oil rises above $32 on hopes of output deal

Brent oil rises above $32 on hopes of output deal

Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.



6 years ago
Factbox: Oil analysts sceptical about Saudi-Russian 'deal'

Factbox: Oil analysts sceptical about Saudi-Russian 'deal'

U.S. President Donald Trump is stoking the possibility of Saudi Arabia and Russia negotiating oil output cuts as the coronavirus outbreak hammers demand.



6 years ago
China probes alleged fraud at Luckin Coffee, banks review IPO work

China probes alleged fraud at Luckin Coffee, banks review IPO work

China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing.



6 years ago
Luckin Coffee's journey from hot startup to $5billion share wipeout

Luckin Coffee's journey from hot startup to $5billion share wipeout

Here is a timeline of the Nasdaq-listed Luckin Coffee Inc's journey from a hot Chinese start-up to U.S. IPO and now an investigation for alleged fraud.



6 years ago
Not for the first time, Central Park is providing hospital beds

Not for the first time, Central Park is providing hospital beds

New York's growing number of COVID-19 cases has temporary hospitals springing up around the city. It's not Central Park's first-ever hospital, though.

6 years ago
Small businesses have 'a million questions' about paycheck relief loan as applications come due

Small businesses have 'a million questions' about paycheck relief loan as applications come due

As the SBA prepares to start accepting applications for payroll relief loans on Friday, business owners are confused about the program's details.

6 years ago
'Mom & Pop' firms worry they will be squeezed out of small business coronavirus aid

'Mom & Pop' firms worry they will be squeezed out of small business coronavirus aid

Family-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday for a $349 billion pot of money the U.S. government will offer businesses hard-hit by coronavirus.



6 years ago
Futures dip ahead of payrolls, business activity data

Futures dip ahead of payrolls, business activity data

U.S. stock index futures fell on Friday, with investors awaiting data on non-farm payrolls and business activity to assess the extent of the economic hit from the coronavirus.



6 years ago
U.S. dairy farmers dump milk as pandemic upends food markets

U.S. dairy farmers dump milk as pandemic upends food markets

Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening.



6 years ago