[ad_1] (Reuters) – Blackstone Group Inc, the world’s largest manager of alternative assets such as private equity and real estate, reported a 4% rise in first-quarter distributable earnings on Thursday, driven by a surge in
Equities barely up oil price rebound, stimulus hopes
[ad_1] NEW YORK (Reuters) – Most major stock markets edged up slightly in mixed markets on Thursday as investors weighed a rebound in oil prices and prospects for further government stimulus against stark economic data
Franklin Templeton to close six India funds hit by coronavirus
[ad_1] NEW DELHI (Reuters) – Franklin Templeton Mutual Fund on Thursday announced it would wind up six yield-oriented, managed credit funds in India, effective April 23, citing severe market dislocation and illiquidity caused by the
Oil rallies on acceleration of output cuts from OPEC nations
[ad_1] NEW YORK (Reuters) – Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic.
Lufthansa aims to finalise 10 billion euro rescue package next week – sources
[ad_1] FRANKFURT (Reuters) – Lufthansa aims to finalise a state aid rescue package worth up to 10 billion euros ($10.8 billion) next week after the coronavirus crisis forced it to ground almost all of its
Empty kitchens, closed stores: Small China firms struggle to cope with epidemic fallout
[ad_1] BEIJING (Reuters) – Ma Xinli has shut four of his clothing stores and expects to close another three by mid-June. Unsold winter stock is now hard to sell, there’s no money to buy summer
‘Plain robbery’: Lebanese fume as dollar savings hit by financial crisis
[ad_1] BEIRUT (Reuters) – Ziad Abdallah has watched with growing alarm as Lebanon’s financial meltdown has threatened the savings he spent 25 years building up in his dollar account. FILE PHOTO: A woman counts Lebanese
Wall Street rises on hopes worst for labor market is over
[ad_1] (Reuters) – Wall Street gained on Thursday as jobless claims declined for the third straight week, raising hopes the worst of the coronavirus pandemic’s impact on the labor market might be over, but a
Expedia to raise $3.2 billion in capital to boost liquidity, names new CEO
[ad_1] FILE PHOTO: The logo of global online travel brand Expedia is pictured at the International Tourism Trade Fair (ITB) in Berlin, Germany, March 9, 2016. REUTERS/Fabrizio Bensch (Reuters) – Expedia Group Inc said on
Drowning in crude, U.S. drillers say Trump strategic reserve plan is no lifeline
[ad_1] NEW YORK (Reuters) – President Donald Trump’s plan to fill the U.S. emergency crude oil stockpile has become the centerpiece of his administration’s strategy to shield drillers from a meltdown in energy demand –