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Latest News on private equity markets

U.S. tech industry leaders: French digital service tax harms global tax reform

Major tech firms and U.S. tech industry groups said on Monday that France's new digital services tax undermines the global tax regime and multilateral efforts to reform it.



5 years ago

Wall Street rallies on hopes of global economic stimulus

U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.



5 years ago

Top U.S. CEOs say companies should put social responsibility above profit

Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.



5 years ago

New money-laundering rules change everything for cryptocurrency exchanges

MIT Technology Review | Mike Orcutt | Aug 15, 2019 Complying with regulators could mean the difference between going mainstream and remaining forever on the margins of the global financial system. One of the biggest knocks against cryptocurrency has always been its status as a refuge for tech-savvy criminals. Even as some bigger players—particularly exchanges

5 years ago

United States: The Fed’s Jump Into Real Time Payments Appears To Be Good News For Community Banks and FinTechs

Pryor Cashman | Jeffrey Alberts and Dustin N. Nofziger | Aug 13, 2019 The Federal Reserve Board has announced plans to develop a real-time payment service that should appeal to FinTech companies and community banks. The Board announced last Monday that it will develop a new round-the-clock real time payment and settlement service to support

5 years ago

General Electric fortifies defense against charges of bogus accounting

General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.



5 years ago

Japan Inc backs Abe's tough trade stance vs South Korea amid row: Reuters poll

Japanese companies broadly support Prime Minister Shinzo Abe's tough trade stance against South Korea, a Reuters poll found.



5 years ago

Asian shares nudge higher on stimulus hopes, recession fears ease

Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, helping boost riskier assets and drawing money from safe-havens such as bonds and gold.



5 years ago

Oil prices slip, but supported by hopes trade tensions could ease

Crude oil prices slipped on Tuesday, but losses were limited as equity markets rallied and as traders hoped Sino-U.S. trade tensions would ease.



5 years ago

Oil prices hold steady on hopes trade tensions could ease

Crude oil prices held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus measures to counter a possible global economic slowdown that could affect oil demand.



5 years ago

U.S. whiskey exporters struggle after year of EU tariffs

When Europe's tariffs on U.S. whiskey hit in June 2018, craft distillery Mountain Laurel Spirits LLC lost 10% of its sales overnight as its European distributor simply stopped buying its award-winning Dad's Hat Pennsylvania Rye Whiskey.



5 years ago

How to get the most from this tax-free source of retirement income

Managed properly, cash value life insurance can complement your retirement planning strategy. But beware: You'll need to work closely with your advisor to avoid a tax trap.

5 years ago

Here's how I kicked my post-college kid out of the house — and you can, too

Instill financial responsibility in your young adult children by requiring them to move out and handle their bills on their own as soon as possible after college graduation. I kicked my kid out of my house — and you can, too.

5 years ago

White House says 'no recession in sight' despite market turmoil

White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.



5 years ago

Novartis executive sold shares before drug data manipulation made public

An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before the U.S. Food and Drug Administration (FDA) announced data from tests of its gene therapy Zolgensma had been manipulated.



5 years ago