Latest News on private equity markets

Shares step back as hopes of early end to coronavirus fade

Shares step back as hopes of early end to coronavirus fade

Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts.



6 years ago
Walmart's Mexico unit blames government cash aid, as revenue rise slowest in 3 quarters

Walmart's Mexico unit blames government cash aid, as revenue rise slowest in 3 quarters

Walmart de Mexico , Mexico's biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme.



6 years ago
Five things to look out for in HSBC's new strategy

Five things to look out for in HSBC's new strategy

HSBC on Tuesday reports 2019 results and will set out its new strategy, where interim Chief Executive Noel Quinn will audition for the permanent role by announcing major restructuring efforts. Here are five key things to look out for:



6 years ago
Chinese economy clobbered by coronavirus but set to recover soon: Reuters poll

Chinese economy clobbered by coronavirus but set to recover soon: Reuters poll

The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if the outbreak is contained.



6 years ago
Judge OKs Philly refiner's bankruptcy plan, sale to property developer: documents

Judge OKs Philly refiner's bankruptcy plan, sale to property developer: documents

The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted, court filings show.



6 years ago
Emerson says will not pursue a break-up following internal review

Emerson says will not pursue a break-up following internal review

Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its industrial automation operations from its air-conditioning business.



6 years ago
Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit

Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit

Royal Caribbean Cruises Ltd on Thursday said it had canceled 18 cruises in Southeast Asia and joined larger rival Carnival Corp in warning that its full-year earnings would be hit by the coronavirus outbreak.



6 years ago
JPMorgan sets July deadline for fintechs to sign new data access deals: sources

JPMorgan sets July deadline for fintechs to sign new data access deals: sources

JPMorgan Chase & Co has told financial technology companies they will be barred from accessing its customer information by July 30 unless they sign data access agreements with the bank and back a plan to stop using customer passwords to gather the data.



6 years ago
Exclusive: Venezuela's PDVSA to unload $57 million oil cargo disputed by rival Citgo boards

Exclusive: Venezuela's PDVSA to unload $57 million oil cargo disputed by rival Citgo boards

Venezuela's state-run oil company PDVSA this week plans to discharge nearly 1 million barrels of crude stranded for over a year at sea over U.S. sanctions against the company and an ownership dispute with its refining unit, Citgo Petroleum, according to internal documents viewed by Reuters.



6 years ago
Mattel beats profit estimates as cost cuts take hold

Mattel beats profit estimates as cost cuts take hold

Mattel Inc on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting program, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc's "Frozen" dolls.



6 years ago
Nvidia forecast tops expectations on cloud sales despite coronavirus hit

Nvidia forecast tops expectations on cloud sales despite coronavirus hit

Nvidia Corp on Thursday forecast first-quarter revenue that topped Wall Street expectations, powered by sales of its chips to cloud computing vendors, even as it projected a $100 million hit from the coronavirus outbreak.



6 years ago
Judge grants Amazon motion for pause in Microsoft's Pentagon contract work

Judge grants Amazon motion for pause in Microsoft's Pentagon contract work

A U.S. judge on Thursday granted Amazon.com Inc's request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon says reflected undue influence by President Donald Trump.



6 years ago
U.S. accuses Huawei of stealing trade secrets, assisting Iran

U.S. accuses Huawei of stealing trade secrets, assisting Iran

U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world's largest telecommunications equipment maker.



6 years ago
'Dean of valuation' says Tesla would need VW-like sales and Apple-like margins to justify stock

'Dean of valuation' says Tesla would need VW-like sales and Apple-like margins to justify stock

"They've got to figure out a way that they become part-software, part-car" company, NYU professor Aswath Damodaran told CNBC.

6 years ago
FTC antitrust victory on Qualcomm questioned by appeals court

FTC antitrust victory on Qualcomm questioned by appeals court

The U.S. government's antitrust victory over chip supplier Qualcomm Inc drew tough questions for the Federal Trade Commision from a panel of three appellate judges in San Francisco on Thursday.



6 years ago