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Latest News on private equity markets

Oil prices rise after surprise fall in U.S. crude stocks

Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the United States that have depressed global stock markets.



5 years ago

Tesla's China production to start, eyes on mass production timing: sources

Tesla Inc's China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said.



5 years ago

Tesco CEO Dave Lewis to step down in 2020

Tesco , Britain's biggest retailer, said on Wednesday its chief executive Dave Lewis will step down next summer and be succeeded by Ken Murphy, an executive at Walgreens Boots Alliance .



5 years ago

Global shares slip to one-month low after U.S. manufacturing shock

Global shares fell to one-month lows on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from the U.S.-China trade war is spreading to the U.S. economy.



5 years ago

Paddy Power and Poker Stars owners to create online gambling leader

The owners of Paddy Power Betfair and Poker Stars have agreed to merge in an all-share deal that will create the world's largest online betting and gambling company by revenue to take advantage of the opening up of U.S. markets.



5 years ago

UK to fly back 7,000 people as Thomas Cook repatriation efforts enter second week

Britain's Civil Aviation Authority on Tuesday said 39 flights are scheduled to bring back a further 7,000 people to the country after the Thomas Cook collapse, as the operation enters its second week.



5 years ago

Credit Suisse clears CEO in spying probe, COO Bouee to go

Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam in an internal investigation into the botched surveillance of the bank's former wealth management head Iqbal Khan in a probe that cost Thiam's right-hand man his job.



5 years ago

Major U.S. investors have billions at risk in Chinese stocks

Major U.S. fund managers have tens of billion of dollars at stake in some of the most popular Chinese stocks on Wall Street, exposing them to potential losses should the White House move to delist Chinese firms from U.S. exchanges.



5 years ago

Oil prices recover after output from U.S., Russia, OPEC drop

Oil prices rebounded on Tuesday on reports that production at the world's largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued to keep a lid on prices.



5 years ago

Asian shares firm as investors stay hopeful on U.S.-China disputes

Asian share prices ticked up on Tuesday as some investors clung to hopes the fourth quarter will bring progress in resolving the United-States trade war that's cast a shadow over the global economy.



5 years ago

Credit Suisse clears CEO of ordering surveillance of star banker, COO to depart

Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of the botched surveillance of the bank's former wealth management head Iqbal Khan in an internal investigation that cost Thiam's right-hand man his job.



5 years ago

UK accounting watchdog examining EY audit of Thomas Cook

Britain's Financial Reporting Council has started an investigation into accountant EY's audit of Thomas Cook, the travel company that collapsed last month leaving tens of thousands of holiday-makers stranded abroad.



5 years ago

Credit Suisse clears CEO Thiam of spying on star banker

Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of ordering the botched surveillance of the bank's former wealth management head Iqbal Khan, but said its chief operating officer had resigned to take responsibility.



5 years ago

Danske Bank closes down its banking activities in Estonia

Danske Bank said its Estonian business had entered into liquidation on Tuesday after the country's financial regulator in February ordered it to close its branch at the center of one of the largest ever money laundering scandals.



5 years ago

Credit Suisse chairman apologizes to Khan for surveillance

Credit Suisse Chairman Urs Rohner apologized to the bank's former wealth management head Iqbal Khan for an "inappropriate surveillance operation" ordered by the bank's chief operating officer, who had to step down.



5 years ago