Latest News on private equity markets

Oil rebounds on potential for further OPEC+ supply cuts

Oil rebounds on potential for further OPEC+ supply cuts

Oil prices clawed back ground on Tuesday on hopes for additional production cuts from OPEC and its allies to offset any potential demand drop triggered by the coronavirus outbreak.



6 years ago
Starboard pressures eBay to sell classifieds business

Starboard pressures eBay to sell classifieds business

Activist shareholder Starboard Value LP on Tuesday sent a letter to eBay Inc's board, saying the ecommerce company has not made enough progress in its plan to separate its classifieds business.



6 years ago
Futures surge as China liquidity measures calm investor fears

Futures surge as China liquidity measures calm investor fears

U.S. stock index futures jumped 1% on Tuesday, signaling a recovery for Wall Street from a sharp coronavirus-led pullback last week, with fresh intervention by China's central bank calming investor nerves.



6 years ago
Tesla is jumping yet again, soaring 15% in early trading following a 19% surge on Monday

Tesla is jumping yet again, soaring 15% in early trading following a 19% surge on Monday

The surge comes a day after Tesla stock climbed nearly 20%, its biggest one-day gain in six years.

6 years ago
Mitsui CFO: China virus outbreak may slow manufacturing activity

Mitsui CFO: China virus outbreak may slow manufacturing activity

Japan's Mitsui & Co sees China's coronavirus outbreak possibly slowing manufacturing activity, while slumping commodities prices, including iron ore, may weigh on its earnings, the trading house's executive said on Tuesday.



6 years ago
Indonesia says to stop livestock imports from China

Indonesia says to stop livestock imports from China

Indonesia said on Tuesday its plan to temporarily stop some imports from China over coronavirus concerns would only apply to shipments of live animals, and not all food and beverage products, a senior minister said.



6 years ago
Siemens Gamesa boosting risk management to fend off project delays: CEO

Siemens Gamesa boosting risk management to fend off project delays: CEO

Wind turbine maker Siemens Gamesa is acting fast to manage risks on its projects around the world to avoid a repeat of the delays that dragged it to a loss at the beginning of this year, Chief Executive Marcus Tacke said on Tuesday.



6 years ago
Exclusive: Venezuelan banks begin storing dollars amid Maduro's liberalization - sources

Exclusive: Venezuelan banks begin storing dollars amid Maduro's liberalization - sources

At least half a dozen Venezuelan banks have begun storing in vaults millions of dollars and euros accumulated in cash by businesses during an unexpected economic liberalization by President Nicolas Maduro, according to sources.



6 years ago
Factbox: Britain's 2035 ban on new combustion car sales puts jobs at risk

Factbox: Britain's 2035 ban on new combustion car sales puts jobs at risk

Britain will ban the sale of new petrol and diesel cars from 2035 in an attempt to reduce air pollution, a step which accelerates a shift toward electric vehicles. Following are some of the possible challenges and consequences related to the decision:



6 years ago
ConocoPhillips misses profit estimates, boosts share buyback

ConocoPhillips misses profit estimates, boosts share buyback

U.S. oil and gas producer ConocoPhillips reported a lower-than-expected quarterly adjusted profit on Tuesday and boosted its share buyback program by $10 billion.



6 years ago
Tesla is jumping yet again, soaring 13% in early trading following a 19% surge on Monday

Tesla is jumping yet again, soaring 13% in early trading following a 19% surge on Monday

The surge on Tuesday comes after Tesla on Monday climbed nearly 20%, its biggest one-day gain in six years.

6 years ago
Latest fintechs focus on saving

Latest fintechs focus on saving

Investment Executive | Donalee Moulton | Jan 31, 2020 Advisors beware: These innovations will soon be making their mark in Canada As 2019 drew to a close, a team of banking, finance and technology experts, together with California-based HMBradley Inc., launched HMBradley, a digital-banking platform. The intent: to reward users for positive financial behaviours. The

6 years ago
ING ordered to pay 30 million euros to settle Italy money-laundering probe: source

ING ordered to pay 30 million euros to settle Italy money-laundering probe: source

A Milan court ordered Dutch lender ING to pay 30 million euros ($33.17 million) to settle a money-laundering case in Italy, a judicial source said on Tuesday.



6 years ago
Ferrari core profit misses estimates in fourth-quarter, lifts 2020 guidance

Ferrari core profit misses estimates in fourth-quarter, lifts 2020 guidance

Ferrari said on Tuesday its fourth-quarter core profit rose 22% to meet the Italian luxury carmaker's upgraded forecasts for last year.



6 years ago
Cathay Pacific to cut global capacity by 30% amid coronavirus epidemic

Cathay Pacific to cut global capacity by 30% amid coronavirus epidemic

Hong Kong's Cathay Pacific Airways Ltd plans to cut 30% of its global capacity over the short-term, including 90% of capacity to mainland China as it grapples with a sharp fall in demand due to the coronavirus epidemic, its CEO said on Tuesday.



6 years ago