Latest News on private equity markets

Oil prices rise on supply cut hopes, easing of coronavirus lockdowns

Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world.



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Chile's LATAM Airlines files for U.S. Chapter 11 bankruptcy protection

LATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and U.S. have filed for Chapter 11 bankruptcy protection in the United States, due to a slump in travel worldwide amid the coronavirus crisis.



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Korean prosecutors question Samsung heir in succession-related probe

Samsung Group heir Jay Y. Lee was questioned on Tuesday by prosecutors about a controversial 2015 merger and alleged accounting fraud that they said may have helped him advance his succession-planning agenda at the country's top conglomerate.



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Japan shares scale 10-week peak, S&P 500 breaks 3,000 barrier

Asian shares forged ahead on Tuesday while U.S. stock futures breached a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.



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'This could be the one that gets me,' says oilfield service veteran

Tim Harris was preparing to relocate for an assignment with energy services firm Halliburton Co for the fifth time in 15 years when his career came to a halt.



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Uber-rival Bolt raises 100 million euros

Ride-hailing service Bolt said on Tuesday it has raised 100 million euros ($109 million) from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber at 1.7 billion euros.



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Latin America's largest airline LATAM files for U.S. bankruptcy protection

Latin America's largest airline LATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and the U.S. have filed for Chapter 11 bankruptcy protection in the United States.



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Aston Martin confirms Mercedes boss Moers will replace CEO Palmer

Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer who stepped down on Monday.



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Japan shares scale 10-week peak, S&P 500 up sharply

Asian shares forged ahead on Tuesday while U.S. stock futures breached a major chart barrier as investors brushed past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.



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EasyJet says finance chief Findlay to leave in 2021

British low cost airline easyJet said chief financial officer Andrew Findlay will leave the company in May 2021, and it had started the search for his successor.



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Tencent to invest $70 billion in 'new infrastructure'

Chinese tech giant Tencent Holdings will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity, the company said Tuesday.



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Macau gambling king Stanley Ho dies aged 98

Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died peacefully at the age of 98, his family confirmed on Tuesday.



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Insurer AXA to pay out to restaurants after court ruling

AXA said on Tuesday it would meet the bulk of claims from some restaurant owners after a Paris court ruled last week the French insurer should pay one owner two-months' worth of coronavirus-related revenue losses.



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Casino king Stanley Ho: the man who built the gambling hub of Macau

Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98.



16 hours ago

Macau gambling king Stanley Ho's family confirms his death at age 98

Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died peacefully at the age of 98, his family confirmed on Tuesday.



16 hours ago