Latest News on private equity markets

Exclusive: JPMorgan shakes up investment bank in leadership makeover - sources

Exclusive: JPMorgan shakes up investment bank in leadership makeover - sources

JPMorgan is reshuffling senior management at the top of its investment bank, naming two new global co-heads and shifting some of its most senior dealmakers into new jobs focused purely on bringing in business, two sources told Reuters.



6 years ago
Coronavirus dents bookings for Holiday Inn owner IHG

Coronavirus dents bookings for Holiday Inn owner IHG

InterContinental Hotels (IHG) warned on Tuesday that fewer travellers are booking its rooms in China because of the coronavirus outbreak.



6 years ago
Tax scams are in full swing. Here's how to protect yourself

Tax scams are in full swing. Here's how to protect yourself

Tax scams often pick up during tax-filing season, which runs through April 15 this year. Here are some common types of fraud and how taxpayers can protect themselves.

6 years ago
HSBC eyes $600 million in losses if Coronavirus persists

HSBC eyes $600 million in losses if Coronavirus persists

HSBC could be forced to take $600 million in additional provisions against loan losses if the Coronavirus outbreak persists into the second half of this year, Chief Financial Officer Ewan Stevenson said on Tuesday.



6 years ago
StanChart commits $75 billion toward sustainable development goals

StanChart commits $75 billion toward sustainable development goals

Standard Chartered on Tuesday said it will provide $75 billion in financing by 2024 toward sustainable development and clean energy projects, as it expands on its aspirations to support the Paris Agreement on climate change.



6 years ago
Exclusive: Samsung wins 5-nanometer modem chip contract from Qualcomm - sources

Exclusive: Samsung wins 5-nanometer modem chip contract from Qualcomm - sources

Samsung Electronics Co Ltd's semiconductor manufacturing division has won a contract to make new Qualcomm Inc 5G chips using its most advanced chip-making technology, two sources familiar with the matter said, boosting the Korean firm's efforts to gain market share against rival Taiwan Semiconductor Manufacturing Co .



6 years ago
Walmart sees slowing online sales growth after lackluster holiday quarter

Walmart sees slowing online sales growth after lackluster holiday quarter

Walmart Inc forecast slowing online growth for the year on Tuesday after reporting weak results for the holiday quarter that suggested it was leaking sales to Amazon.com.



6 years ago
Start-up partners with BlackRock to offer high-yield investments once reserved for the super rich

Start-up partners with BlackRock to offer high-yield investments once reserved for the super rich

YieldStreet's partnership with BlackRock, a behemoth that manages $7.4 trillion, may signal that crowdfunding platforms are ready for wider adoption.

6 years ago
Franklin Resources to buy Legg Mason, forming $1.5 trillion asset manager

Franklin Resources to buy Legg Mason, forming $1.5 trillion asset manager

Franklin said in a press release that it agreed to acquire Legg Mason for $50 per share in an all-cash deal.

6 years ago
China races to contain job losses as coronavirus batters economy

China races to contain job losses as coronavirus batters economy

When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months of leave with no pay, as a coronavirus epidemic takes a toll of China's businesses.



6 years ago
Walmart's holiday sales hurt by shorter season, lower demand for apparel

Walmart's holiday sales hurt by shorter season, lower demand for apparel

Walmart Inc reported lower-than-expected holiday quarter U.S. comparable sales on Tuesday as a shorter holiday season and weak demand for apparel, toys and electronics hurt sales in stores.



6 years ago
Oil drops below $57 on coronavirus impact and OPEC+ delay

Oil drops below $57 on coronavirus impact and OPEC+ delay

Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.



6 years ago
Oil falls below $57 on coronavirus hit to demand, OPEC+ delay

Oil falls below $57 on coronavirus hit to demand, OPEC+ delay

Oil fell to below $57 a barrel on Tuesday, pressured by concerns over the impact of the coronavirus outbreak in China on oil demand and a lack of any further action by OPEC and its allies to support the market.



6 years ago
If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too

If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too

Apple Inc's surprise warning that it will likely fall short of this quarter's sales target due to the coronavirus epidemic points to much pain for its chip and other suppliers as well as for rivals who also rely on China to build their products.



6 years ago
Alstom shares fall after its $6.7 billion Bombardier rail deal

Alstom shares fall after its $6.7 billion Bombardier rail deal

Alstom shares fell on Tuesday after the French firm agreed to buy the rail division of Canada's Bombardier for up to 6.2 billion euros ($6.7 billion), in a deal likely to be scrutinized by regulators and unions.



6 years ago