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Latest News on private equity markets

Yuan soars, yen falls as U.S. drops China forex manipulator label

The Japanese yen plumbed eight-month lows while China's yuan climbed to its highest level since July on Tuesday as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.



5 years ago

Ryanair says could start getting Boeing 737 MAX by April

Ryanair could receive its first deliveries of up to 10 grounded 737 MAX aircraft from Boeing by April, Chief Marketing Officer Kenny Jacobs said on Tuesday, but cautioned the timing was dependent on regulators.



5 years ago

Lyft forms advisory council to improve platform safety

Lyft Inc is putting together a council of experts to advise the ride-hailing company on its safety initiatives for riders and drivers, it said in a blog post on Tuesday.



5 years ago

BlackRock takes tougher stance on climate after activist heat

BlackRock Chief Executive Larry Fink has warned company boards to step up efforts to tackle climate change, marking a significant shift in the public stance of the world's biggest investment manager amid mounting concerns about global warming.



5 years ago

Wells Fargo shares fall 2% after fourth-quarter profits, sales miss estimates

Though bank stocks have performed well recently, Wells Fargo investors will look to earnings for any sign it could catch up to its peers.

5 years ago

Phase 1 commodity targets likely more than China can chew: analysts

Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal.



5 years ago

Record stocks stall ahead of U.S.-China trade deal

Global markets experienced a slight bout of weakness on Tuesday as traders cashed in on recent record highs, awaited a long-anticipated U.S.-China trade deal and began to digest the first Wall Street earnings of the new year.



5 years ago

Citigroup is set to report earnings. Here's what Wall Street expects from the banking giant

Citigroup is slated to report its calendar fourth-quarter results on Tuesday as investors brace for a highly anticipated earnings season.

5 years ago

U.S. bike firms face uphill slog to replace Chinese supply chains

When Mehdi Farsi decided to shift production of State Bicycle Co's niche fixed-gear urban bikes out of China to escape U.S. tariffs, it took months to find another factory in Asia willing to do business with his Arizona company.



5 years ago

China's yuan gains after U.S. drops China FX manipulator label

China's yuan climbed to its highest level since July on Tuesday and the Japanese yen plumbed eight-month lows as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.



5 years ago

Opel rules out forced redundancies until July 2025 but reopens voluntary leave scheme

PSA's German unit Opel on Tuesday said it was ruling out forced redundancies until July 2025 - extending its guarantee by two years - but was re-opening a voluntary leave program for older employees that would be limited to 2,100 jobs.



5 years ago

JPMorgan beats estimates on strong trading, underwriting

JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.



5 years ago

Delta posts profit beat on loyal, new customers as rivals battle 737 MAX crisis

Delta Air Lines Inc posted on Tuesday a fourth-quarter profit that beat Wall Street forecasts, boosted by customers gained from rival airlines' 737 MAX cancellations and what CEO Ed Bastian said was a growing preference for the Delta brand.



5 years ago

Musk nears $346 million payday as Tesla market value soars

Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months.



5 years ago

Wells Fargo fourth-quarter profit drops 50% as legal fees, low interest rates weigh on results

Wells Fargo says fourth-quarter profits fell as persistent low interest rates and litigation charges weighed on its financial results.

5 years ago