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Latest News on private equity markets

GE brings in shipper Maersk's CFO as finance chief

General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate.



4 years ago

Brazil minister says it's 'impossible' to put value on Eletrobras privatization

Brazil's mines and energy minister said on Monday it is "impossible" to say how much the privatization of state-run power company Eletrobras SA will raise, despite an earlier government estimate of 16.2 billion reais ($3.84 billion).



4 years ago

China and U.S. moving closer to trade deal, but no agreement on tariff rollbacks: report

China and the United States are "moving closer to agreeing" on a "phase one" trade deal, the Global Times, a tabloid run by the ruling Communist Party's official People's Daily, reported on Sunday.



4 years ago

World share markets rally on revived trade hopes; gold slips

Gold fell for a fourth straight session and global equity markets rallied on Monday, with the Nasdaq and S&P 500 hitting new highs on revived hopes the United States and China could soon sign an interim deal to end their prolonged trade war.



4 years ago

McDonald's to pay $26 million to settle California wage lawsuit

McDonald's Corp agreed to pay $26 million to settle a nearly seven-year-old lawsuit accusing the fast food chain of underpaying U.S. staff at its corporate-owned restaurants in California.



4 years ago

Oil steadies on U.S.-China trade talks optimism

Oil prices were little changed on Monday as positive comments from the United States and China rekindled hopes in global markets that the world's two largest economies could soon sign an interim deal to end their trade war.



4 years ago

Aramco IPO retail subscription at $5.8 billion, says lead manager

Retail subscription for Saudi Aramco's initial public offering (IPO) reached 21.77 billion Saudi riyals ($5.8 billion) on Monday, lead manager Samba Capital said.



4 years ago

Saudi Aramco's CEO met Kuwait sovereign fund to discuss IPO: source

Saudi Aramco's top executives have met officials of Kuwait's sovereign wealth fund to convince them to invest in the oil giant's initial public offering (IPO), which could raise as much as $25.6 billion, a source familiar with the matter said.



4 years ago

Saudi central bank says Aramco IPO not causing liquidity issues for banks

Saudi Arabia's central bank is monitoring banking indicators on a daily basis and is not seeing any impact on liquidity from oil giant Aramco's initial public offering (IPO), its governor said on Sunday.



4 years ago

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait's sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional buyers.



4 years ago

Saudi Aramco won't breach maximum weight for firms in Saudi index: Argaam

Saudi Aramco's weighting in Saudi Arabia's main stock index once the oil giant has listed shares is not expected to breach the maximum limit set by the Gulf kingdom's Tadawul exchange, a senior executive said on Sunday.



4 years ago

If you're flying this Thanksgiving, here's how long you'll wait at immigration, security

The best times to arrive back in the U.S. from abroad during the upcoming holiday weekend will be in the hours immediately before and after midnight the Saturday and Sunday after Thanksgiving, according to Airside Mobile.

4 years ago

France's LVMH nears deal to buy U.S. jewelry chain Tiffany for $16.7 billion: FT

French luxury group LVMH is nearing a $16.7 billion deal to buy Tiffany & Co , the Financial Times reported on Sunday, citing people close to the deal.



4 years ago

France's LVMH nears deal to buy U.S. jewelry chain Tiffany for about $16.3 billion: sources

French luxury group LVMH is nearing a deal to buy U.S. jewelry chain Tiffany & Co for about $16.3 billion, sources familiar with the matter told Reuters on Sunday.



4 years ago

Cancer patients are 2.5 times more likely to declare bankruptcy. Advisors are trying to help

For many, getting a cancer diagnosis is a worst-case scenario. But one big side effect — financial toxicity — can make things even worse.

4 years ago