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Latest News on private equity markets

Oil near one-month high on supply threats, easing demand woes

Brent oil prices held near one-month highs on Thursday supported by China's efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya.



5 years ago

Dollar tramples yen and everything else in its path

The dollar trampled everything in its path on Thursday after a steep and sudden slide in the Japanese yen called into question its safe haven status and others from the euro to the Australian dollar were all knocked over.



5 years ago

Volkswagen CFO will leave in summer next year: Manager Magazin

Volkswagen finance chief Frank Witter will leave the German car group in the summer of 2021, business publication Manager Magazin reported on Thursday.



5 years ago

Foxconn says cautiously resuming China output, warns coronavirus will hit revenue

Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.



5 years ago

BAE Systems predicts 2020 growth despite Saudi ban

Britain's BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia.



5 years ago

BAE Systems CEO optimistic about future Typhoon orders

The chief executive of BAE Systems is optimistic about the future of the Typhoon fighter jet, saying that more orders were possible.



5 years ago

Daimler slims down Mercedes management in efficiency drive

German cars and trucks maker Daimler said it would revamp the management of its finance, production and development portfolios to remove duplicate layers between Mercedes-Benz and Daimler AG.



5 years ago

Thomson Reuters close to naming ex-Nielsen president Hasker as CEO: sources

Thomson Reuters Corp is close to naming former Nielsen Holdings Plc president Steve Hasker as its next chief executive, succeeding Jim Smith, according to people familiar with the matter.



5 years ago

Swiss bank Julius Baer slammed for money laundering failures

Swiss bank Julius Baer has been reprimanded by the country's watchdog for ignoring money laundering risks in handling millions of francs of suspect payments linked to corruption in Venezuela and world soccer body FIFA.



5 years ago

EU privacy body warns of privacy risks in Google, Fitbit deal

Alphabet Inc-owned Google's $2.1 billion bid for fitness trackers company Fitbit could pose privacy risks, the European Data Protection Board (EDPB) warned on Thursday, adding its voice to other critics of the deal.



5 years ago

UBS's tech-savvy new boss Hamers not always loved by the Dutch

Ralph Hamers made his mark as a tech-savvy chief executive who led Dutch bank ING back to profitability after cementing its position as a no-frills lender in Germany and simplifying its product portfolio.



5 years ago

Small business confidence rises, signaling a more positive outlook for the US economy

The CNBC/SurveyMonkey Small Business Confidence index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened thanks to a trade deal with China and the signing of the USMCA.

5 years ago

Shares of HNA affiliates rally after report of China bailout plan

Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations.



5 years ago

Israel's Wix.com sees 2020 revenue reaching almost $1 billion

Wix.com, which helps small businesses build and operate websites, reported a smaller-than-expected decline in fourth-quarter net profit and forecast a revenue rise of about 25% this year to nearly $1 billion as it expands into the professional web creator market.



5 years ago

Virgin Galactic 'overdue' for a correction, Morgan Stanley says after 310% rally in 3 months

Virgin Galactic's monster stock rally in the past few months has taken even bullish Morgan Stanley by surprise.

5 years ago