KRTL BioTech

Latest News on private equity markets

S&P 500, Dow ease as focus shifts to Fed; tech pushes Nasdaq to closing record

The S&P 500 and Dow fell on Tuesday, pausing after recent strong gains as focus shifted to the Federal Reserve, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time.



3 years ago

Stocks trend lower as investors step back, safe-havens rally

A recent run of optimism in markets hit the brakes on Tuesday as investors mostly pulled back from stocks, though the Nasdaq extended its record run to a new high, while the safe-haven yen, Swiss franc and gold rallied.



3 years ago

Behind tech layoffs lay systemic cash flow negative companies

Medium | Gonzalo Espinoza Graham | May 31, 2020 Since the pandemic started, there’s been approximately 61,260 tech layoffs [1]. Close to 30% of the layoffs came from public tech companies, 85% of those companies are unprofitable. No deep insights here, just the simple fact that the once growth hyper focused startups grew to be

3 years ago

What to look for in the Fed's U.S. economic outlook

U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.



3 years ago

Pompeo chides HSBC for 'corporate kowtow' to Beijing

U.S. Secretary of State Mike Pompeo on Tuesday chided British bank HSBC for backing moves by China to end Hong Kong's autonomy, saying such "corporate kowtows" got little in return from Beijing.



3 years ago

Thousands of Vodafone UK customers face call connection problems

Thousands of British customers of Vodafone Group Plc , the world's second-biggest mobile operator, faced call connection problems on Tuesday evening, although they were resolved within an hour.



3 years ago

Oil rises as production curbs offset renewed demand fear

Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns that a resurgence in coronavirus cases could hurt fuel demand.



3 years ago

Dollar nurses losses amid caution ahead of Fed

The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields at its policy meeting.



3 years ago

Chinese companies put U.S. listing plans on ice as tensions mount

Chinese companies are putting off plans for U.S. listings as tensions between the world's top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters.



3 years ago

Cathay Pacific plans to repay Hong Kong government over three to five years

Cathay Pacific Airways Ltd said it expects to repay the Hong Kong government for HK$19.5 billion ($2.52 billion) of preference shares over a three to five year period.



3 years ago

Asian shares slip after mixed Wall Street session

Asian equities slipped on Wednesday after most U.S. stocks pared gains made during their recent rally, although the Nasdaq benchmark reached its second straight day at a record high as oil prices rose.



3 years ago

Oil drops after U.S. inventory build renews oversupply concerns

Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply and slumping fuel demand in the world's largest crude consumer.



3 years ago

DoubleLine's Gundlach bearish on U.S. dollar, says stocks 'lofty'

The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the billionaire chief executive of DoubleLine Capital, said on a webcast presentation on Tuesday.



3 years ago

HK's Cathay Pacific shares set to open up 18.7% after $5 billion rescue package

Shares of Cathay Pacific Airways Ltd were set to open sharply up 18.7% on Wednesday after it announced a HK$39 billion ($5 billion) recapitalisation plan led by the Hong Kong government to help it weather the coronavirus pandemic.



3 years ago

Japan's Fujifilm to spend $928 million to double capacity of Danish drug facility

Fujifilm Holdings Corp will spend $928 million to double capacity at a drug manufacturing facility in Denmark, which it has pledged to use in producing COVID-19 treatments, as the Japanese company steps up its pivot towards healthcare.



3 years ago