Latest News on private equity markets

Convicted former WorldCom CEO Ebbers dead at 78

Convicted former WorldCom CEO Ebbers dead at 78

Bernard Ebbers, the former WorldCom Inc chief executive convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement.



6 years ago
Australia's Westpac hit with second U.S. class-action

Australia's Westpac hit with second U.S. class-action

Investor rights law firm Bernstein Liebhard has filed a class-action suit against Australia's No. 2 lender, Westpac Banking Corp , accusing it of failing to monitor financial crime, the law firm said on Monday.



6 years ago
Asia stocks find footing as China markets recoup some losses

Asia stocks find footing as China markets recoup some losses

Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although sentiment remained fragile with oil near 13-month lows.



6 years ago
AirAsia's Fernandes denies Airbus bribe involving his former F1 team

AirAsia's Fernandes denies Airbus bribe involving his former F1 team

AirAsia Group Bhd's Tony Fernandes on Tuesday denied a now-defunct Formula 1 racing team formerly co-owned by him had any links to a bribery scandal involving the Malaysian airline's only plane supplier, Airbus SE .



6 years ago
Tesla's battery supplier stocks surge on Panasonic's first Gigafactory profit

Tesla's battery supplier stocks surge on Panasonic's first Gigafactory profit

Shares of Asian companies in Tesla Inc's battery supply chain surged on Tuesday after Panasonic Corp's report on the first profit at its battery venture with Tesla boosted investor confidence in the U.S. electric vehicle (EV) maker.



6 years ago
U.S. finalizes rule to slap duties on countries that undervalue currencies

U.S. finalizes rule to slap duties on countries that undervalue currencies

The U.S. Commerce Department on Monday finalized a new rule to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar, including potentially China.



6 years ago
Asia stocks find footing as China markets restore some losses

Asia stocks find footing as China markets restore some losses

Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although sentiment remained fragile with oil near 13-month lows.



6 years ago
Shares of AirAsia, AirAsia X fall after CEO, chairman step aside

Shares of AirAsia, AirAsia X fall after CEO, chairman step aside

Shares of budget airline AirAsia Group and its long-haul subsidiary, AirAsia X , fell in early trade on Tuesday after the group's CEO Tony Fernandes and Chairman Kamarudin Meranun said they would step aside for two months.



6 years ago
Oil prices rebound from China virus slump amid ginger recovery across markets

Oil prices rebound from China virus slump amid ginger recovery across markets

Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday's sharp sell-off on fears of the impact of the China coronavirus on demand sent crude to its lowest level in more than a year.



6 years ago
California lawmaker introduces bill to make PG&E a publicly owned utility

California lawmaker introduces bill to make PG&E a publicly owned utility

A California lawmaker has introduced a bill aimed at making PG&E Corp a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer into bankruptcy.



6 years ago
Alphabet shares fall as Google misses on sales, YouTube revenue disappoints

Alphabet shares fall as Google misses on sales, YouTube revenue disappoints

Alphabet Inc's new Chief Executive Sundar Pichai unveiled sales figures that investors have long demanded, but shares fell 5% as Google's advertising business and the new data about YouTube and Google Cloud broadly disappointed.



6 years ago
Compliance, clients to drive new tech

Compliance, clients to drive new tech

Investment Executive | Greg Dalgetty | Jan 31, 2020 Firms also can use technology to facilitate client onboarding and to make client reporting more engaging and interactive The Canadian Securities Administrators’ (CSA) revised client-focused reforms (CFRs), published last November, could give financial advisory firms a kick in the pants when it comes to implementing new

6 years ago
Panasonic shares soar on profit at U.S. battery business with Tesla

Panasonic shares soar on profit at U.S. battery business with Tesla

Shares of Panasonic Corp jumped more than 8% in early Tuesday trade after the Japanese electronics conglomerate the previous day reported its first quarterly profit at its U.S. battery venture with Tesla Inc.



6 years ago
Asia shares fragile amid China worries, oil sinks

Asia shares fragile amid China worries, oil sinks

A fragile calm gripped Asian shares on Tuesday as investors waited anxiously to see if Beijing could stem the rout in Chinese assets, while oil hit 13-month lows as the coronavirus throttled demand in the world's biggest importer of fuel.



6 years ago
Huawei, ZTE urge U.S. not to impose national security risk labels

Huawei, ZTE urge U.S. not to impose national security risk labels

Huawei Technologies Co Ltd and ZTE Corp on Monday both asked the U.S. Federal Communications Commission (FCC) not to finalize its designation of the China tech giants as risks to U.S. national security.



6 years ago