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Latest News on private equity markets

PSA's small car platforms should be favored in FCA merger: executive

Small car platforms developed by France's Peugeot should be favored if plans to merge PSA and FiatChrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.



4 years ago

Wall Street slips at open on escalating U.S.-China tensions

Wall Street's three main indexes opened lower on Wednesday on concerns that increasing political strain between Washington and Beijing could derail trade negotiations between the two sides.



4 years ago

Why Icahn is making a $400 million bet against malls: Record store closures this year

So far in 2019, more than 9,100 stores have closed across the country, according to Bank of America.

4 years ago

Singapore Poised to Allow Crypto Derivatives on Approved Venues

Reuters | Nov 20, 2019 HONG KONG (Reuters) - Singapore’s central bank plans to bring bitcoin and other similar cryptocurrency futures traded on approved exchanges under its regulation in response to interest from international institutional investors, it said on Wednesday. Market watchdogs worldwide have been debating whether and how they should regulate the cryptocurrency industry.

4 years ago

U.S. aviation regulator pledges rigorous certification for Boeing 777X

The U.S. aviation regulator will ensure certification of Boeing's 777X wide-body jet is conducted rigorously, the agency's head said on Wednesday while reaffirming that its review of the grounded 737 MAX will not be rushed.



4 years ago

Goldman Sachs is planning on giving some of its most valuable software to Wall Street for free

The move is the latest step by Wall Street to follow the lead of tech giants like Google and Facebook that regularly release its code to outside developers

4 years ago

Scooter maker Superpedestrian raises $20 million, promises fewer breakdowns

Electric scooter company Superpedestrian on Wednesday said it had raised $20 million for its diagnostic software that can spot impending hardware failure, a major problem for scooter operators.



4 years ago

China's Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

China's top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday.



4 years ago

U.S. begins issuing some licenses for companies to supply goods to Huawei

The U.S. Commerce Department confirmed Wednesday it has begun issuing licenses for some U.S companies to supply non-sensitive goods to China’s Huawei Technologies Co Ltd.



4 years ago

Strike pushes South African Airways to brink of collapse

South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six-day strike has pushed the state-owned airline to the brink of financial collapse.



4 years ago

Cramer: Walmart and Target CEOs 'made me feel terrific' about US consumers despite trade tariffs

Optimism from the two of the nation's biggest retailers show that American consumers are not tightening their belts due to trade tariffs, says CNBC's Jim Cramer.

4 years ago

Prosus, Takeaway trade barbs in battle for Britain's Just Eat

The two companies vying to purchase British food delivery service Just Eat traded barbs on Wednesday, as technology company Prosus and Takeaway.com each sought to win over a critical mass of shareholders.



4 years ago

Norwegian Air appoints industry outsider as new CEO to lead restructuring

Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.



4 years ago

The best-performing hedge funds are piling into these financial shares

CNBC used Symmetric.io to find the top-performing hedge funds and see where the smart money placed their wagers in the third quarter.

4 years ago

Some Huawei suppliers get U.S. approval to restart sales to blacklisted firm

The U.S. government said on Wednesday it has begun issuing licenses for some companies to supply goods to China's blacklisted telecommunications firm Huawei, providing long-awaited clarity to the industry.



4 years ago