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Latest News on private equity markets

T-Mobile CEO Legere to step down next year, shares slip

T-Mobile US Inc said on Monday Chief Executive Officer John Legere will step down on April 30 in favor of Chief Operating Officer Mike Sievert but not before completing its merger with U.S. rival Sprint Corp .



5 years ago

Shares inch towards record high as China trims key rate

World shares were within touching distance of a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015.



5 years ago

ESG ratings are confounding. For CSOs, that’s good news

Green Biz | Joel Makower | Nov 18, 2019 "Smart beta." It’s a term of art on Wall Street, a blend of active and passive investing strategies that typically combine an underlying stock index with an investment manager’s savvy about a potential stock’s liquidity, volatility, momentum and other factors. The strategy is said to provide

5 years ago

Coty takes $600 million bet on reality star Kylie Jenner's beauty brands

Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, sending its shares up as much as 5%.



5 years ago

Alibaba to close books early in $13.4 billion Hong Kong listing after strong demand: sources

Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said.



5 years ago

Volkswagen cuts profit, sales forecasts as autos downturn bites

German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.



5 years ago

Lagging regulation, consumer trust inhibiting FinTech adoption in Canada

Betakit | Isabelle Kirkwood | Nov 18, 2019 Canada’s FinTech sector has seen steady growth in recent years, and there seems to be more on the horizon with increased collaboration between startups and incumbents, as well as the skyrocketing demand for emerging technologies. The latest findings from a Ernst and Young (EY) report suggest FinTech

5 years ago

Trudeau and Chinese premier reveal progress, even without formal trade talks

CBC | Janyce McGregor | Nov 14, 2019 PM hopes to wrap up exploratory discussions, start negotiating ASEAN trade deal by spring Canada may not be in comprehensive trade negotiations with China, but a laundry list of outcomes from Prime Minister Justin Trudeau's hour-long meeting with Chinese Premier Li Keqiang on Wednesday hints at what may

5 years ago

Billionaire Ray Dalio says retail investors should not make this big mistake

Billionaire hedge fund manager Ray Dalio has two pieces of advice for the average investor.

5 years ago

Revolut drops out of Singapore digibank race over high capital requirement

Singapore Business Times | Natalie Choy | Nov 13, 2019 CEO of high-profile UK-based fintech says it's a 'no' for now, following extensive talks with potential partners AS THE deadline for digital banking applications creeps closer, high-profile payments fintech Revolut has closed the door to joining Singapore's digital bank landscape over high capital requirements, its

5 years ago

Majority of Americans would try banking with big tech, Bain report says

Americans are increasingly comfortable ditching traditional banks for big tech, according to a new Bain report.

5 years ago

Teens want AirPods, Nike and Louis Vuitton for Christmas, survey finds

According to a Piper Jaffray survey, Apple, Nike, and Louis Vuitton are at the top of the holiday wish list for teenagers.

5 years ago

Airbus dominates second day of Dubai show as Boeing wins MAX order

Gulf airlines Emirates and Air Arabia spent a combined $30 billion at list prices on Airbus jetliners as the Dubai Airshow burst into life on Monday, while Boeing won a symbolic first official order for the 737 MAX since its grounding in March.



5 years ago

U.S. grants Huawei new 90-day license extension

The Trump administration on Monday issued a new 90-day extension allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd as U.S. regulators continue crafting rules on telecommunications firms that pose national security risks.



5 years ago

Dollar slips, stocks ease on fresh doubts on trade deal

The dollar slipped and global equity markets traded little changed on Monday, halting a rally that lifted a key index to just under a new high, after a media report cast fresh doubts on reaching phase one of a U.S.-China trade deal.



5 years ago