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Latest News on private equity markets

British Airways faces record $230 million fine over data theft

British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK's Information Commissioner's Office (ICO).



4 years ago

Russia plans to make 200 more Sukhoi jets despite crash: minister

Russia plans to produce at least another 200 Sukhoi Superjet 100 aircraft, Industry Minister Denis Manturov told Reuters, despite a fatal crash that raised questions about the future of the country's first new passenger jet since the Soviet Union.



4 years ago

Oil rises as tensions around Iran's nuclear program simmer

Oil prices rose on Monday, boosted by escalating tensions around Iran's nuclear program and better-than-expected U.S. jobs data.



4 years ago

Deutsche Bank's aim to make profit in 2020 is uncertain: CFO

Deutsche Bank aims to break even or turn a profit in 2020 but there is "significant uncertainty in that forecast", the bank's finance chief said on Monday.



4 years ago

Global shares muted as prospect of sharp U.S. rate cut fades

Global shares were in a muted mood on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large rate cut, but Deutsche Bank gained nearly 4% as it launched a major restructuring.



4 years ago

Deutsche Bank begins 18,000 job cull in $8.3 billion reinvention

Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 billion euro ($8.3 billion) "reinvention" set to tip Germany's largest lender into yet another annual loss.



4 years ago

Deutsche Bank capital-boosting debt dips on restructuring fears

Deutsche Bank's capital-boosting Additional Tier I (AT1) debt issues fell on Monday on worries over future challenges Germany's biggest lender may face in a planned overhaul.



4 years ago

Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals

Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry.



4 years ago

Huawei outlines investment plans in Poland depending on 5G role

Huawei aims to spend 3 billion zlotys ($793 million) in Poland in the next five years, although whether the Chinese firm has a role in the 5G rollout may affect the scale of investment, an official at the group's Polish unit said.



4 years ago

U.S. financier Epstein expected to be charged in sex trafficking case -source

Federal prosecutors in New York on Monday are expected to announce charges against financier Jeffrey Epstein related to sex trafficking of underage girls, a source familiar with the matter said, more than a decade after he avoided similar charges in Florida in a plea deal.



4 years ago

Verizon shares fall after Citi downgrades the stock, predicting lower wireless pricing ahead

Citi downgraded Verizon to neutral from buy and maintained its $62 price target.

4 years ago

Morgan Stanley downgrades global stocks: Weak growth to trump easier monetary policy

Morgan Stanley downgraded its allocation to global equities on fears that slowing GDP growth will offset central banks support.

4 years ago

Apple downgraded by Rosenblatt to 'sell' on 'fundamental deterioration'

Rosenblatt Securities downgraded Apple's stock and said it sees many upcoming headwinds for the tech giant, including disappointing iPhone sales.

4 years ago

Axe falls on 18,000 Deutsche Bank jobs in $8.3 billion reinvention

Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) "reinvention" which Germany's largest lender said would mean yet another annual loss, knocking its shares.



4 years ago
4 years ago