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Latest News on private equity markets

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

Asian shares climb as Trump says U.S. China trade deal near

Asian shares rose on Wednesday and European stocks looked set for gains after U.S. President Donald Trump said negotiators were close to inking an initial trade deal, while expectations the Federal Reserve will keep rates low underpinned sentiment.



4 years ago

Musk suggests Tesla has 250,000 orders for Cybertruck

Tesla Inc has received 250,000 orders for its electric pickup truck unveiled five days ago, Chief Executive Officer Elon Musk suggested in a tweet on Tuesday.



4 years ago

Westpac shareholders call for more heads to roll 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 draws $500 million investment from private equity firm Silver Lake

U.S. private equity firm Silver Lake has agreed to invest $500 million in the owners of English soccer champions Manchester City, valuing the Premier League club's owner at $4.8 billion.



4 years ago

BAT says U.S. vaping slowdown will lead to slower growth in e-cigarette business

British American Tobacco , the world's no. 2 tobacco company by revenue, said on Wednesday a slowdown in the U.S. vaping market would result in slower growth in revenue from its "new categories" business that sells vaping products.



4 years ago

IKEA to invest 200 million euros in race to turn 'climate positive'

IKEA, the world's biggest furniture group, said on Wednesday it would spend around 100 million euros ($110 million) on supporting its direct suppliers in moving over to renewable energy.



4 years ago

Exclusive: China's ByteDance moves to ringfence its TikTok app amid U.S. probe - sources

ByteDance has stepped up efforts to separate its social media app TikTok from much of its Chinese operations, amid a U.S. national security panel's inquiry into the safety of the personal data it handles, people familiar with the matter said.



4 years ago