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Latest News on private equity markets

India's Reliance Capital rejects PwC's observations after auditor quits

Reliance Capital said on Thursday the observations of global audit firm PwC about its fiscal accounts were "completely baseless and unjustified", after PwC in a surprise move resigned earlier this week as the auditor of the non-banking financial company (NBFC).



5 years ago

Lockheed Martin says F-35 cost cuts a year ahead of plan

Lockheed Martin is a year ahead of schedule with its plan to cut the cost of its F-35 A fighter jet variant to $80 million by 2020, the U.S. company said on Thursday.



5 years ago

Tesco CEO not ready to check out in tough UK retail climate

The boss of Tesco said he had unfinished business at Britain's biggest retailer after its quarterly sales growth slowed in a subdued grocery market under a cloud from poor early summer weather.



5 years ago

Alibaba files for HK listing that may raise $20 billion as soon as third quarter: source

China's biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said.



5 years ago

Exclusive: Petrobras ignored warnings about fuel broker implicated in graft probe

Brazil's Petrobras found suspicious activity in its oil trading business - and failed to stop it - six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters.



5 years ago

IPOs are one of the hottest trades of the year so far, doubling the market's return

IPO watchers were fearful an avalanche of IPOs would cause a crash in the market, but the big tech Unicorns have been winners so far.

5 years ago

Danone CFO says China's baby formula plan 'not a surprise'

China's plan to increase local production of baby formula products has not come as a surprise to global dairy maker Danone, which has plans to launch a new ultra-premium product in that market, said Danone's chief financial officer.



5 years ago

Pilot shortages, unsold planes weigh on ATR deliveries: sources

Franco-Italian turboprop maker ATR is tackling a slump in deliveries resulting from a combination of industrial delays, unsold aircraft and pilot shortages, industry sources said.



5 years ago

U.S. weekly jobless claims unexpectedly rise

The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May.



5 years ago

Here are the biggest analyst calls of the day: Uber, Lyft, Disney & more

Here are the biggest calls on Wall Street on Thursday

5 years ago

China chip industry insiders voice caution on catch-up efforts

Since the U.S. government put Huawei Technologies Co Ltd on a trade blacklist, effectively banning American firms from doing business with it, China's leaders have spoken boldly about achieving self-sufficiency in the critical semiconductor business.



5 years ago

Here are the most-loved stocks on Wall Street, including Amazon and a little-known energy company

Amazon and little known energy company Diamonback Energy are the only two stocks in the S&P 500 with all buy ratings from Wall Street analysts, according to FactSet.

5 years ago

Here's how to pay less to your credit card company

Most people don't ask their card issuer to reduce their interest rate or waive certain fees. They probably should, research shows.

5 years ago

U.S. weekly jobless claims rise; imported inflation weak

The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May.



5 years ago

Wall St. opens higher on energy gains, rate cut hopes

U.S. stocks opened higher on Thursday, led by gains in energy shares, with hopes of an interest rate cut adding to the upbeat mood.



5 years ago