Latest News on private equity markets

France planning aid packages for Air France KLM and Renault: TF1

The French government is planning aid packages for Air France KLM and Renault , TV station TF1 reported on Friday.



5 years ago

Spanish court orders Ryanair to reinstate 224 dismissed workers

Spain's High Court ordered Ryanair on Friday to reinstate 224 workers collectively dismissed from four bases in the country, saying the reasons given by the airline for seeking to close the bases did not justify such a move.



5 years ago

This is the biggest money lesson kids will learn during the coronavirus pandemic

Children are witnessing a pivotal moment in history. Here's what they may learn about money, and what you can do to help.

5 years ago

Oil rises, but ends wild week lower as coronavirus slashes fuel demand

Oil prices rose on Friday but still posted a weekly loss, the eighth in nine weeks, as global production cuts could not keep pace with the collapse in demand caused by the coronavirus pandemic.



5 years ago

U.S. CDC reports 865,585 coronavirus cases, 48,816 deaths

The U.S. Centers for Disease Control and Prevention (CDC) on Friday reported 865,585 cases of the novel coronavirus, an increase of 37,144 from its previous count, and said the number of deaths had risen by 2,437 to 48,816.



5 years ago

Virus-hit Madame Tussauds owner raises 500 million euros in bond sale

The firm behind Madame Tussauds and Legoland parks raised 500 million euros ($540 million) via a five-year bond on Friday, paying a high yield of 7% to secure the funds it needs to tide it over while most of its venues are closed in the coronavirus pandemic.



5 years ago

Trump threatens to block aid for U.S. post office if it does not raise prices for Amazon

President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak.



5 years ago

KLM to receive up to 4 billion euros in financial aid: finance minister

KLM, the Dutch subsidiary of Air France KLM , will receive 2-4 billion euros (up to $4.32 billion) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister Wopke Hoekstra said on Friday.



5 years ago

Lufthansa seeking 290 million euro loan for Belgian airline: media

German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday.



5 years ago

BNY Mellon Report: Global Payments 2020: Transformation and Convergence

BNY Mellon | Dominic Broom | Apr 2020 The Transformation and Convergence of Global Payments 2020 The global payments landscape is in a state of fundamental transformation, comparable in significance to the advent of downloadable entertainment for the video rental business. Banks in particular will need to move swiftly if they are to take advantage

5 years ago

Congressional estimators see major U.S. economic decline in mid-2020 as coronavirus stifles activity

The U.S. economy faces a bleak immediate future with gross domestic product likely contracting 12% in the second quarter and the federal deficit growing to $3.7 trillion, while the unemployment rate will probably crest at 16% in the third quarter, according to projections released by the Congressional Budget Office on Friday.



5 years ago

Wall Street Week Ahead: Spotlight falls on 'dividend aristocrats' after market tumult

Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the stock selection process for money managers eager to buttress their portfolios with a steady stream of income.



5 years ago

Icahn sees opportunities but warns of more 'downdrafts' ahead: Bloomberg

Billionaire investor Carl Icahn said he expects to see "good opportunities" to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained.



5 years ago

Tech titans Apple and Microsoft propel Wall Street rally

Wall Street rallied on Friday, led higher by Apple and Microsoft as investors finished a turbulent week of trading and some states prepared to relax coronavirus-related lockdowns.



5 years ago

CBO sees $3.7 trillion U.S. deficit from coronavirus pandemic

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



5 years ago