Latest News on private equity markets

Australia's Westpac allows withdrawal of share purchase applications

Australia's Westpac allows withdrawal of share purchase applications

Australian lender Westpac Banking Corp said on Thursday it would let investors withdraw their share purchase applications filed prior to the money laundering allegations made by financial crime watchdog AUSTRAC on Nov. 20.



6 years ago
Panasonic to sell its chipmaking business to Taiwan's Nuvoton Tech: Nikkei

Panasonic to sell its chipmaking business to Taiwan's Nuvoton Tech: Nikkei

Japan's Panasonic Corp will sell its loss-making semiconductor business to Taiwan's Nuvoton Technology, a Nikkei Asian Review reported on Thursday.



6 years ago
Exclusive: Amazon's cloud unit readies more powerful data center chip - sources

Exclusive: Amazon's cloud unit readies more powerful data center chip - sources

Amazon.com Inc's cloud computing unit has designed a second, more powerful generation of data center processor chip, two sources familiar with the matter told Reuters, the latest sign that the company is pouring money into custom silicon for its fastest-growing business.



6 years ago
Top Mexican official floats prospect of labor tweak for continental trade deal

Top Mexican official floats prospect of labor tweak for continental trade deal

Adjustments could be made to how labor disputes are handled in the new United States-Mexico-Canada Agreement (USMCA) trade deal to help push through its ratification in the United States, Mexican deputy foreign minister Jesus Seade said on Wednesday.



6 years ago
Asian shares waver, Hong Kong tensions spoil festive mood after upbeat U.S. data

Asian shares waver, Hong Kong tensions spoil festive mood after upbeat U.S. data

Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data.



6 years ago
Australia's Westpac to refund people who bought shares before money laundering bombshell

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.



6 years ago
Oil drops as U.S. inventory build, record output rekindles supply worries

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.



6 years ago
Asian shares waver as Hong Kong tensions spoil festive mood

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.



6 years ago
Australia's Westpac to refund people who bought new shares before money laundering bombshell

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.



6 years ago
India plans to cap commissions for Uber, Ola: Economic Times

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.



6 years ago
NYSE looks to allow capital raise through direct listings

NYSE looks to allow capital raise through direct listings

The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public through a direct listing, instead of an initial public offering, to raise capital.



6 years ago
Judge partly vacates convictions of opioid maker Insys' founder, executives

Judge partly vacates convictions of opioid maker Insys' founder, executives

A federal judge on Tuesday partially overturned the convictions of Insys Therapeutics Inc's founder and three former executives accused of bribing doctors to prescribe an addictive opioid, but declined to disturb the remainder of the jury's verdict.



6 years ago
Pressure mounts on Australia's Westpac board over money-laundering scandal

Pressure mounts on Australia's Westpac board over money-laundering scandal

Australia's Westpac Banking Corp came under mounting pressure on Wednesday to refresh it board after a money-laundering scandal claimed its chief executive and chairman.



6 years ago
Manchester City owner to sell $500 million stake valuing itself at $4.8 billion: FT

Manchester City owner to sell $500 million stake valuing itself at $4.8 billion: FT

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.



6 years ago
Asian shares climb on prospects of trade progress, low rates

Asian shares climb on prospects of trade progress, low rates

Asian shares ticked higher on Wednesday as more upbeat signals from Sino-U.S. trade talks fanned hopes of an imminent end to tariff hostilities, which helped offset concerns about a slowing U.S. economy.



6 years ago