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Latest News on private equity markets

Wall Street jumps but ends off highs after partial trade deal news

U.S. stocks ended more than 1% higher on Friday though well off the day's highs after the announcement of a partial trade deal between the United States and China.



5 years ago

Thomas Cook failure spurs UK to act on airlifting tourists home

Britain's government plans to introduce new legislation to make it easier and faster to bring home stranded holidaymakers after the collapse of tour company Thomas Cook led to the country’s biggest ever peacetime repatriation.



5 years ago

Mexican motor city 'getting desperate' as GM's U.S. strike takes heavy toll

Half a continent away from the auto plants of Detroit, U.S. strikes at General Motors (GM) have sent shivers through the central Mexican city of Silao, where the local GM factory furloughed 6,000 workers last week when parts from the United States ran out.



5 years ago

OxyContin maker Purdue gets brief shield from litigation

OxyContin maker Purdue Pharma LP won a court order on Friday briefly pausing the sprawling opioid litigation against the company so it can try to make headway on its proposed legal settlement that it says is worth $10 billion.



5 years ago

Wall Street has doubts after partial trade deal: 'I don't think this gets us to Christmas'

Today's rally clearly indicates that the market is happy for the moment with just a partial deal. But the Dow gave up 200 of its 500 point gain in the final half hour as markets realized there was no timeline for removal of the existing tariffs.

5 years ago

These stocks could be the biggest winners if the US completes this phased trade deal with China

The U.S. and China agreed on a "substantial phase one" trade deal that delays tariff hikes set to kick in next week.

5 years ago

Exclusive: Sempra nears $3 billion Chile sale to China's State Grid - sources

U.S. power company Sempra Energy is near an agreement to sell its Chilean business to State Grid Corporation of China for close to $3 billion, the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.



5 years ago

Boeing's board separates CEO, chairman roles

Boeing Co said on Friday it was separating the roles of chairman and chief executive officer to allow CEO Dennis Muilenburg to focus full time on running the U.S. planemaker as it works to return its 737 MAX jet to service.



5 years ago

PG&E turns down San Francisco's $2.5 billion offer to buy assets

PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company's power lines and other infrastructure within the city, citing the offer was inadequate.



5 years ago

U.S. farmers cheered by apparent trade truce, hope shipments to follow

U.S. farmers cheered the Trump administration's announcement of a potentially dramatic increase in U.S. agricultural sales to China on Friday but warned they needed to see a follow-through of actual purchases.



5 years ago

QE on the QT? Fed says no, economists say maybe so

The U.S. Federal Reserve's quick pivot from shrinking its balance sheet by around $50 billion per month to now expanding by $60 billion monthly, has shown both the difficulty the Fed has faced under a shifting political environment, as well as the risks of experimenting with market-sensitive systems in real time.



5 years ago

Uber to buy Chile's Cornershop as it sets sights on delivering groceries

Uber Technologies Inc said on Friday it would buy a majority stake in Chilean online grocery provider Cornershop as the ride hailing company seeks to widen its fast-growing food delivery app to include groceries and other goods.



5 years ago

U.S. SEC halts Telegram's $1.7 billion digital token offering

U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary.



5 years ago

Wall Street jumps but ends off highs after partial trade deal

U.S. stocks ended more than 1% higher on Friday though well off the day's highs after the announcement of a partial trade deal between the United States and China.



5 years ago

Stocks off highs after trade deal announced; Brexit hopes boost pound

Stocks on Wall Street came off their highs in late trading after U.S. President Donald Trump announced a partial trade deal with China that could be signed within weeks, with the boost from New York enough to give stocks across the globe their largest daily gain in two months.



5 years ago