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Latest News on private equity markets

Australia's Westpac gives withdrawal option for share purchase applicants

Australian lender Westpac Banking Corp said on Thursday it would let investors withdraw their share purchase applications filed prior to the money laundering allegations made by financial crime watchdog AUSTRAC on Nov. 20.



4 years ago

Solid data, trade hopes lift Wall Street to records

Wall Street's main indexes closed at record levels for a third straight day in a muted volume session on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to an economy on solid footing, while investors remained cautiously optimistic about a resolution to U.S.-China trade tensions.



4 years ago

Australia's Westpac allows withdrawal of share purchase applications

Australian lender Westpac Banking Corp said on Thursday it would let investors withdraw their share purchase applications filed prior to the money laundering allegations made by financial crime watchdog AUSTRAC on Nov. 20.



4 years ago

Panasonic to sell its chipmaking business to Taiwan's Nuvoton Tech: Nikkei

Japan's Panasonic Corp will sell its loss-making semiconductor business to Taiwan's Nuvoton Technology, a Nikkei Asian Review reported on Thursday.



4 years ago

Exclusive: Amazon's cloud unit readies more powerful data center chip - sources

Amazon.com Inc's cloud computing unit has designed a second, more powerful generation of data center processor chip, two sources familiar with the matter told Reuters, the latest sign that the company is pouring money into custom silicon for its fastest-growing business.



4 years ago

Top Mexican official floats prospect of labor tweak for continental trade deal

Adjustments could be made to how labor disputes are handled in the new United States-Mexico-Canada Agreement (USMCA) trade deal to help push through its ratification in the United States, Mexican deputy foreign minister Jesus Seade said on Wednesday.



4 years ago

Asian shares waver, Hong Kong tensions spoil festive mood after upbeat U.S. data

Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data.



4 years ago

Australia's Westpac to refund people who bought shares before money laundering bombshell

Australia's Westpac Banking Corp offered to refund investors who bought new shares weeks before a bombshell lawsuit accusing it of millions of breaches of money laundering laws, a rare step to fend off criticism about its transparency.



4 years ago

Oil drops as U.S. inventory build, record output rekindles supply worries

Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations and production hit a record.



4 years ago

Asian shares waver as Hong Kong tensions spoil festive mood

Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong may stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from positive U.S. economic data.



4 years ago

Australia's Westpac to refund people who bought new shares before money laundering bombshell

Australia's Westpac Banking Corp offered to refund investors who bought new shares weeks before a bombshell lawsuit accusing it of millions of breaches of money laundering laws, a rare step to fend off criticism about its transparency.



4 years ago

India plans to cap commissions for Uber, Ola: Economic Times

India plans to cap commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, financial daily Economic Times (ET) reported on Thursday, citing people privy to the matter.



4 years ago

Australia's Westpac faces shareholder backlash over money-laundering scandal

Two of Australia's top shareholder proxy advisers on Wednesday urged investors to vote out more directors of Westpac Banking Corp after a money-laundering scandal claimed the CEO and chairman of the country's No.2 retail bank.



4 years ago

Manchester City owner to sell $500 million stake valuing itself at $4.8 billion: Financial Times

The owner of English Premier League champions Manchester City is selling a $500 million stake to private equity firm Silver Lake, valuing the soccer club's owner at $4.8 billion, the Financial Times reported on Wednesday, citing people with knowledge of the deal.



4 years ago

Private equity firm Silver Lake makes $500 million investment in Manchester City owner

Private equity firm Silver Lake has agreed to make a $500 million equity investment into the owners of English soccer champions Manchester City, valuing the Premier League club's owner at $4.8 billion.



4 years ago