Latest News on private equity markets

Bankers in Asia brace for a virus-related deal drought

Bankers in Asia brace for a virus-related deal drought

Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold.



6 years ago
Malaysia regulator fears airline expansion curbs after FAA downgrade

Malaysia regulator fears airline expansion curbs after FAA downgrade

Malaysian airlines could be barred from introducing new routes in China, South Korea and Japan after the U.S. Federal Aviation Administration (FAA) downgraded the country's air safety rating late last year, Malaysia's aviation regulator said on Tuesday.



6 years ago
Fed Chair Powell likely to give Congress largely positive economic update

Fed Chair Powell likely to give Congress largely positive economic update

Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for U.S. economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential threat from the coronavirus in China.



6 years ago
TUI says 737 MAX grounding continues to drag on profit

TUI says 737 MAX grounding continues to drag on profit

European holiday company TUI said it was expecting the grounding of the Boeing 737 MAX aircraft to cost it an additional 220 million euros to 245 million euros over its 2020 financial year, as the U.S. planemaker's woes continue to drag on profit.



6 years ago
Delivery Hero expects Europe to remain break-even in 2020

Delivery Hero expects Europe to remain break-even in 2020

Delivery Hero expects its Europe business to remain break-even during 2020 after hitting this mark, as forecast, in the fourth-quarter of 2019, the German food delivery group said on Tuesday.



6 years ago
Daimler slashes its dividend following profit warning

Daimler slashes its dividend following profit warning

Daimler cut its dividend to 0.90 euros ($0.9818) a share after 2019 earnings more than halved, weighed down by restructuring and charges in what amounts to the third profit warning for new CEO Ola Kaellenius.



6 years ago
Oil rebounds amid broad market recovery; investors still wary

Oil rebounds amid broad market recovery; investors still wary

Oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China.



6 years ago
China firms cut staff on virus outbreak as Xi vows no large-scale layoffs

China firms cut staff on virus outbreak as Xi vows no large-scale layoffs

A Chinese media company said it will lay off 500 employees due to the coronavirus outbreak, the latest among a string of firms to do so in the past two weeks as the epidemic takes a toll on small-to-medium sized businesses.



6 years ago
Blockchain Fundraising Can Benefit African Tech Startups

Blockchain Fundraising Can Benefit African Tech Startups

Forbes | Oluwaseun Adeyanju | Feb 10, 2020 African startups raised a record $1.34 billion in venture capital in 2019, up from just under $200 million in 2015, according to WeeTracker, a media firm focused on the African entrepreneurship space. That’s about a 46.3% increase on a compound annual growth rate (CAGR) basis. WeeTracker estimates

6 years ago
Virus fears, China diplomacy loom over Singapore Airshow

Virus fears, China diplomacy loom over Singapore Airshow

Singapore kicked off Asia's largest aerospace event under heightened scrutiny on Tuesday as thousands of visitors shunned the Singapore Airshow over coronavirus fears, while all eyes were on a sensitive fly-off between U.S. and Chinese fighters.



6 years ago
S&P 500, Nasdaq notch new records on optimism coronavirus may plateau soon

S&P 500, Nasdaq notch new records on optimism coronavirus may plateau soon

The S&P 500 and the Nasdaq indexes hit record highs on Tuesday as a top Chinese health adviser sparked expectations that the coronavirus outbreak may be peaking, while T-Mobile shares jumped after a federal judge approved its purchase of Sprint.



6 years ago
WeWork sets hard free cash flow, revenue targets as part of five-year plan

WeWork sets hard free cash flow, revenue targets as part of five-year plan

WeWork on Tuesday brought forward its target of becoming free cash flow positive by a year to 2022 as Chairman Marcelo Claure pushes ahead with his five-year turnaround plan aimed at boosting valuation and winning back investor trust.



6 years ago
NY attorney general considers appealing ruling OK'ing Sprint T-Mobile merger

NY attorney general considers appealing ruling OK'ing Sprint T-Mobile merger

New York Attorney General Letitia James said Tuesday the state may appeal a court ruling approving a merger between No.3 and No.4 wireless carriers T-Mobile US Inc and Sprint Corp.



6 years ago
'Maybe Nike is just too powerful' — Cramer sees no reason to own Under Armour stock

'Maybe Nike is just too powerful' — Cramer sees no reason to own Under Armour stock

"I think there's a great company there, but it's sure not coming out," CNBC's Jim Cramer said. "I really don't know what the solution is."

6 years ago
This Wall Street legend's 10 rules for investing are very applicable to today's bull market

This Wall Street legend's 10 rules for investing are very applicable to today's bull market

Bob Farrell's 10 rules for investing are still passed around on Wall Street today and ring true to the current bull market.

6 years ago