Latest News on private equity markets

European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings.

Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.

The German government confirmed on Wednesday it was willing to repay customers of insolvent Thomas Cook as the tour operator's insurance coverage was not sufficient.

Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election.

Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday.

After the initial euphoria had subsided, Mexican business leaders emerged bruised and resigned to a new stricter trade deal with the United States and Canada that could usher in more intrusive enforcement of labor rules in Mexico.

Germany is planning to repay customers of insolvent Thomas Cook as the tour operator's insurance cover is proving insufficient, broadcaster ARD reported, citing government sources.

Asian stocks extended earlier gains on Wednesday, although advances were patchy ahead of key central bank meetings while the pound wobbled as opinion polls pointed to a tight UK election later this week.

Thyssenkrupp's elevator unit, which has been put up for sale by the ailing conglomerate, aims to improve its profitability through cost cuts, more efficient factories and a higher share of lucrative service contracts, it said on Wednesday.

Porsche has taken down payments from 30,000 customers in Europe for its Taycan, the luxury car maker's first fully electric model, CEO Oliver Blume told Germany's Handelsblatt newspaper.

Saudi Aramco shares opened up 10% on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.

Saudi Aramco will become the world's largest listed company when it debuts on the kingdom's stock exchange on Wednesday, the bourse's chairwoman said.

Saudi Aramco shares opened at 35.2 riyal ($9.39) on Wednesday, 10% above their IPO price of 32 riyals, in their first day of trading following a record initial public offering.

"In order to create alpha right now, activism is number one in my book, and I think that's true in any market," Jamie Dinan said.

Elon Musk "is a great CEO when he can get out of his own way, and that seems to be what he's doing," the "Mad Money" host says.