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Latest News on private equity markets

Blackstone's Schwarzman says cannot buy Bloomberg while owning Refinitiv

Blackstone Group Inc Chief Executive Stephen Schwarzman said the world's biggest private equity firm cannot buy Bloomberg should it come up for sale as long as the firm owns competitor Refinitiv.



5 years ago

Banks must step up climate risk disclosures, Lagarde says

Banks must improve transparency on their exposure to climate- change risk and central banks need to pay closer attention as the entire financial sector is at risk, European Central Bank President Christine Lagarde said on Thursday.



5 years ago

Oil prices fall for fifth day to lowest in a year

Oil prices fell 2% on Thursday, plunging for fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.



5 years ago

AB InBev sees 10% hit to first-quarter profit from coronavirus

The world's largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the Chinese New Year, sending its shares skidding.



5 years ago

Virus-hit stocks shed $3 trillion; safe havens thrive

Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as the coronavirus spread faster outside China and investors fled to safe havens.



5 years ago

Taxi group wins right to join Uber's London license appeal case

A taxi trade association will be able to participate in Uber's appeal against the loss of its operating license in the British capital city set to be heard in full on July 6, a British judge decided on Thursday.



5 years ago

Too white, too male: Fed takes on diversity one bank board member at a time

The Federal Reserve, long criticized for being too white and male, crossed a substantial milestone last year: for the first time in its 107-year history, white men held fewer than half of board seats at the Fed's 12 regional outposts.



5 years ago

Oil rises on short-covering, hopes for deeper output cut by OPEC+

Crude prices inched higher on Wednesday as investors covered short positions after three sessions of losses and eyed potential supply cuts, even as fears of a coronavirus pandemic deepened.



5 years ago

Wells Fargo workers seek Washington's help with internal gripes

A contingent of aggrieved Wells Fargo & Co workers are taking complaints to Capitol Hill, saying they feel brushed aside by management.



5 years ago

Pandemic fears jolt stock markets, bonds rally

Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic jolted Wall Street yet again and pushed yields on safe-haven Treasuries to record lows.



5 years ago

Trump, Modi hope talks lead to phase one of U.S.-India trade deal: White House

U.S. President Donald Trump and Indian Prime Minister Narendra Modi have agreed to "promptly" conclude ongoing trade talks that they hope can lead to the first phase of a bilateral U.S.-India trade deal, the White House said.



5 years ago

Profits jump at Peugeot maker PSA ahead of Fiat merger

Peugeot maker PSA Group said profitability reached fresh highs in 2019, though the French firm underscored a gloomy outlook for car sales in markets like Europe this year as it pursues its merger with Fiat Chrysler .



5 years ago

Panasonic to exit solar cell production at Tesla's NY plant; ops unaffected, NY says

Panasonic Corp plans to exit solar cell production at Tesla Inc's New York plant, the latest sign of strain in a partnership where Panasonic's status as the U.S. electric vehicle (EV) maker's exclusive battery supplier nears its end.



5 years ago

Hyundai to decide hydrogen fuel-cell system factory location this year: executive

Hyundai Motor Co and its affiliates are ready to decide the location of a new hydrogen fuel-cell system factory this year, which could be in South Korea or overseas, an executive said on Wednesday.



5 years ago

Starbucks to launch Beyond Meat plant-based breakfast sandwich in Canada

Starbucks Corp said on Wednesday its Canadian stores will start selling a Beyond Meat Inc plant-based breakfast sandwich next week, the first time the world's biggest coffee chain will offer an imitation meat product.



5 years ago