Apollo Global Management Inc
said on Friday its first-quarter distributable earnings
fell 20%, more than Wall Street expectations, driven by a
decline in private equity asset sales amid the
coronavirus-induced market turmoil.
Investment banks globally raked in
record fee income from managing corporate bond issues in the
first four months of the year, data from Refinitiv showed, as
companies scrambled to raise money to help them through the
A blockbuster African trade deal is
unlikely to be implemented before early next year, an official
said on Friday, after the disruption caused by the new
coronavirus made the current July 1 deadline unworkable.