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Latest News on private equity markets

Oil inches up amid Middle East tensions; frail demand outlook caps gains

Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied.



4 years ago

UBS posts surprise second quarter profit boost

UBS on Tuesday beat forecasts with a $1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment banking fall and boosted its Swiss retail and corporate banking business.



4 years ago

China's BAIC buys 5% Daimler stake; Daimler welcomes investment

Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler .



4 years ago

Warren Buffett's charity lunch with cryptocurrency entrepreneur postponed

Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation.



4 years ago

ECB, Fed rate cut hopes lift stocks, sterling sags

Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.



4 years ago

Power traders tackle renewables puzzle in Danish 'Silicon Valley'

Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks.



4 years ago

Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook

Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied.



4 years ago

Diversity helps UBS defy banking gloom with profit rise

UBS delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management.



4 years ago

China's BAIC buys 5% Daimler stake to cement alliance

China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler , cementing its relationship with the German carmaker after China's Zhejiang Geely Holding emerged as a potential rival.



4 years ago

Huawei head says group can sign 'no backdoor' deal with any country: Italy paper

Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a "no backdoor" agreement with any country, its founder told an Italian newspaper on Tuesday.



4 years ago

ECB, Fed rate cut hopes lift global stocks, sterling sags

Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.



4 years ago

South Korea's LG Display posts deeper second quarter loss on TV panel supply glut

South Korea's LG Display Co Ltd on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets.



4 years ago

Oil rises on Mideast tensions, glum demand outlook caps gains

Oil prices edged up on Tuesday on concerns about possible supply disruptions in the Middle East, but a weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to keep global markets adequately supplied.



4 years ago

Top investors lose $1 billion as China's Nasdaq-style board reverses on day two

The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires.



4 years ago

LG Display says to diversify suppliers due to South Korea-Japan spat

South Korea's LG Display Co Ltd said it is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry.



4 years ago