Latest News on private equity markets

'Everyone is guessing' about coronavirus economic impacts, say experts

'Everyone is guessing' about coronavirus economic impacts, say experts

The coronavirus that spread from a seafood market in Wuhan, China to infect tens of thousands has shuttered businesses, grounded flights and killed over 1,000 people so far, mostly in China.



6 years ago
ABN Amro's fourth-quarter net profit misses on low interest and rising impairments

ABN Amro's fourth-quarter net profit misses on low interest and rising impairments

Dutch bank ABN Amro on Wednesday reported a stable net income of 316 million euros ($344.8 million) for the fourth quarter, missing analysts' expectations as interest income fell and impairments rose.



6 years ago
Clariant's leadership reshuffle continues as CFO jumps ship to Maersk

Clariant's leadership reshuffle continues as CFO jumps ship to Maersk

Clariant Chief Financial Officer Patrick Jany is exiting for a post at Maersk , the world's biggest shipping company, marking the latest management change at the Swiss speciality chemicals maker after its CEO jumped ship last year.



6 years ago
Heineken expects 2020 operating profit to rise by mid single-digit percentage

Heineken expects 2020 operating profit to rise by mid single-digit percentage

Heineken , the world's second-largest beer maker, said on Wednesday it expects operating profit this year to grow by a mid-single digit percentage after 2019 earnings came in line with expectations.



6 years ago
SoftBank Group quarterly profit wiped out by Vision Fund losses

SoftBank Group quarterly profit wiped out by Vision Fund losses

Japan's SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by a second consecutive quarter of losses at the $100 billion Vision Fund.



6 years ago
Gucci owner Kering flags China virus uncertainties after strong fourth-quarter

Gucci owner Kering flags China virus uncertainties after strong fourth-quarter

Kering on Wednesday said the coronavirus health scare in China could heighten uncertainties for the luxury goods market, as the Gucci owner posted higher-than-expected sales for the fourth quarter of 2019.



6 years ago
China's GDP goal on track despite virus impact: government economist

China's GDP goal on track despite virus impact: government economist

China will be able to achieve its long-term goal of doubling gross domestic product and incomes this year despite the impact from a conoravirus outbreak, an influential economist at a top government think tank said on Wednesday.



6 years ago
U.S. judge drops some charges against Theranos's Holmes, leaves wire fraud

U.S. judge drops some charges against Theranos's Holmes, leaves wire fraud

A federal judge late on Tuesday dismissed some charges against Theranos Inc founder Elizabeth Holmes, but let stand wire fraud charges accusing her and an associate of misleading patients about the abilities of her company's blood tests.



6 years ago
Boeing sees airline profits hit, stagnant air cargo market due to virus

Boeing sees airline profits hit, stagnant air cargo market due to virus

The global air cargo industry is unlikely to grow this year because of the challenges in the China market due to the coronavirus, a senior executive at Boeing Co said on Wednesday.



6 years ago
Stocks inch up as drop in new coronavirus cases boosts confidence

Stocks inch up as drop in new coronavirus cases boosts confidence

Global share markets nudged higher on Wednesday amid hopes the worst of the coronavirus in China may have passed, although prevailing uncertainty about the outbreak kept investors wary.



6 years ago
Wall St hits fresh highs as new coronavirus cases drop

Wall St hits fresh highs as new coronavirus cases drop

Wall Street's main indexes hit record highs on Wednesday on optimism that the coronavirus epidemic will be contained and as Bernie Sanders cemented his front-runner status in the race of the Democratic nomination.



6 years ago
Why people with student debt are refusing to repay it

Why people with student debt are refusing to repay it

People are going on strike against their student debt. Here's why.

6 years ago
Organizers agonize over whether to scrap Mobile World Congress

Organizers agonize over whether to scrap Mobile World Congress

Organizers of the Mobile World Congress (MWC) agonized on Wednesday over whether to cancel or press ahead with a smaller version of the event after major European telecom companies pulled out over the coronavirus outbreak.



6 years ago
Wells Fargo ends forced arbitration for sexual harassment claims

Wells Fargo ends forced arbitration for sexual harassment claims

Wells Fargo & Co said on Wednesday that it will no longer require arbitration for employees in connection with any future sexual harassment claims effective immediately.



6 years ago
Fed's Powell reinforces regulation and defends repo support in letter to Congress

Fed's Powell reinforces regulation and defends repo support in letter to Congress

U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal Reserve Chair Jerome Powell said this week in a letter to a top Senate Democrat.



6 years ago