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Latest News on private equity markets

AB InBev Asia unit gains 4% in Hong Kong debut after relaunching IPO

Shares in AB InBev's Asia-Pacific unit , which last week raised about $5 billion after relaunching its initial public offering (IPO), gained as much as 4% on their market debut in Hong Kong on Monday.



5 years ago

GM and UAW union to continue talks on new labor deal

General Motors Co and United Auto Workers (UAW) said they will continue talks on a new labor deal on Monday, as a strike by the union's members enters its third week.



5 years ago

AB InBev Asia unit's strong Hong Kong debut to boost IPO outlook amid political protests

AB InBev's Asia-Pacific unit , which raised about $5 billion after relaunching its IPO this month, rose more than 6% on its market debut in Hong Kong, easing concerns of the impact of ongoing anti-government protests on new share offerings.



5 years ago

Fashion retailer Forever 21 files for bankruptcy

Fashion retailer Forever 21 Inc filed for Chapter 11 bankruptcy on Sunday as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce.



5 years ago

Asian shares mostly flat, Japan hurt by Sino-U.S. tensions

Asian stock markets, including China's, were little changed on Monday, shrugging off news that the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges.



5 years ago

Oil prices climb as positive China factory data eases demand concerns

Oil prices edged up on Monday after China's factories unexpectedly ramped up production in September, easing concerns about demand at the world's largest crude importer amid an ongoing trade war with the United States.



5 years ago

Rio Tinto scraps plans for Canadian iron ore unit sale, floatation - WSJ

Anglo-Australian miner Rio Tinto PLC has cancelled plans for the sale or floatation of its Canadian iron ore business, following unsuccessful attempts to find buyers, the Wall Street Journal reported on Sunday.



5 years ago

UK to repatriate 16,700 Thomas Cook customers on Saturday

A further 16,700 customers of collapsed British travel firm Thomas Cook are scheduled to be repatriated on Saturday on 76 flights, the country's aviation regulator said.



5 years ago

Motorbike ride sharing alleviates Dhaka traffic chaos

(This September 27 story corrects name of Pathao Chief Executive to Hassan M. Elius, not Hassan Melius, in paragraphs 6, 7.)



5 years ago

The clock is ticking for taxpayers who filed for an extension

The clock is ticking for taxpayers who went on extension: They have until Oct. 15 to get their 2018 returns to the IRS. Here's what they need to know.

5 years ago

5 ways to build a million-dollar solo enterprise on a shoestring

A growing number of entrepreneurs are hitting $1 million–$2.49 million in annual revenue before they hire their first employee. In 2017 there were 36,984 firms at this revenue level, a 38% increase from 26,744 in 2011, according to the U.S. Census.

5 years ago

BP preparing to announce CEO's plan to retire: Sky News

BP Plc is preparing to announce that the British oil company's chief executive, Bob Dudley, plans to retire within about 12 months, Sky News reported https://bit.ly/2nuYqLQ on Saturday.



5 years ago

Sibos London 2019: Banks that fail to embrace APIs ‘face existential threat’

FSTech | David Adams | Sep 24, 2019 FinTechs could usurp banks to become the primary providers of consumer and business services if the incumbents fail to embrace Application Programming Interfaces (APIs) as a means of reforming and reinvigorating business processes. This was according to Citi’s Tony McLaughlin, who has responsibility for emerging payments business

5 years ago

U.S. Treasury says no plans to block Chinese listings 'at this time': Bloomberg

The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.



5 years ago

SoftBank seeks help from its COO to turn WeWork around: Bloomberg

Japan's SoftBank Group Corp is seeking the help of its chief operating officer, Marcelo Claure, to turn around WeWork, Bloomberg reported on Friday.



5 years ago