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Latest News on private equity markets

Peru suspends permit for Southern Copper's $1.4 billion Tia Maria project

Peru has suspended a construction permit it recently gave to Southern Copper Corp for its $1.4 billion Tia Maria copper project while officials can re-evaluate its legality, authorities announced late on Friday.



3 years ago

PG&E evaluating proposal from hedge funds Knighthead Capital, Abrams Capital

Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting a plan to reorganize the company.



3 years ago

Peru suspends key permit for Southern Copper in U-turn on Tia Maria project

Peru on Friday suspended a recently issued construction permit for Southern Copper's Tia Maria mine, a project that has triggered violent protests by nearby residents.



3 years ago

Chase to cancel the debts of certain credit card holders

If you're a Chase credit card account holder in Canada, there's good news: The firm is forgiving balances in that market.

3 years ago

Lyft's scooters steering new customers to ride-hailing, but winter is coming

A quarter of Lyft Inc customers who use its bikes and scooters are new to the company, executives said on Wednesday, outlining how investments in the expensive growth area may eventually benefit the core ride-hailing business.



3 years ago

Nestle starts selling Starbucks-branded coffee in China

Food giant Nestle on Thursday started selling Starbucks-branded coffee in mainland China, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards.



3 years ago

Venture capital fuels Latam 'unicorns' expansion beyond borders

Surging venture capital investment in Latin American startups has financed international expansion across the region and beyond, as business models that do not require large amounts of capital have helped many firms avoid silos common in the region.



3 years ago

Apple under investigation for unfair competition in Russia

Apple is under investigation in Russia following a complaint from cybersecurity company Kaspersky Lab and may be abusing its dominant position in smartphone apps, Russia's anti-monopoly watchdog said on Thursday.



3 years ago

Asia stocks find solace in China trade surprise, yuan's fix

Asian shares were trying to piece together a rally on Thursday as Beijing reported surprisingly solid trade numbers while also limiting the fall in its yuan, offering a brief respite from fears of a global currency war.



3 years ago

Salesforce to buy Israel's ClickSoftware for $1.35 billion

U.S. cloud-based service provider Salesforce said it signed a definitive agreement to acquire Israeli software developer ClickSoftware for $1.35 billion in cash and shares.



3 years ago

Equinor's power and gas trading unit expands to the United States

Danske Commodities, a power and gas trading firm owned by oil major Equinor , has expanded its operations to the United States, completing its first trade on the PJM wholesale power market, it said on Thursday.



3 years ago

Honda to recall 222,674 Accord vehicles in China

Honda Motor Co Ltd's venture with Guangzhou Automobile Group Co Ltd will recall 222,674 Accord sedans in China, market regulators said on Thursday, after recent complaints on social media about the car engine's quality.



3 years ago

Apple faces investigation for suspected unfair competition in Russia

Apple is under investigation in Russia following a complaint from cybersecurity company Kaspersky Lab and may be abusing its dominant market position, Russia's anti-monopoly watchdog said on Thursday.



3 years ago

Stock markets find a floor as Chinese data soothe nerves

Stock markets enjoyed a tentative recovery on Thursday after better-than-expected Chinese export data and a steadying of the yuan restored some calm to global markets.



3 years ago

China data, steadying yuan lift futures

U.S. stock index futures inched higher on Thursday as better-than-expected Chinese trade data and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a recession.



3 years ago