Latest News on private equities market

Fed easing speculation keeps dollar under pressure

The euro held below a three-month high against the dollar amid speculation the U.S. Federal Reserve might announce more steps to check a recent rise in bond yields later on Wednesday.



4 years ago

OECD sees deepest peace-time slump in a century

The global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted recession, the OECD said on Wednesday.



4 years ago

Germany should make provisions to ensure banks have sufficient capital: OECD

Germany should make provisions to ensure banks have sufficient capital in case of a wave of bankruptcies in Europe's largest economy caused by the coronavirus crisis, a senior OECD economist said on Wednesday.



4 years ago

Credit Suisse CEO sees business 'going in right direction'

Business conditions are improving after a tough start to the year, Credit Suisse Chief Executive Thomas Gottstein said in a presentation released on Wednesday.



4 years ago

Exclusive: Thyssenkrupp, RWE plan hydrogen mass production venture

German utility RWE plans to mass produce hydrogen from renewable energy sources as part of a supply deal with Thyssenkrupp so Germany's largest steel maker can gradually replace coal to power its blast furnaces.



4 years ago

Cerberus demands changes at 'disastrous' Commerzbank

U.S. activist investor Cerberus is calling on Commerzbank to appoint two of its nominees to the supervisory board, cut costs and adopt a new strategy, as it battles to make a success of a big bet on German banks.



4 years ago

Exclusive: ECB prepares 'bad bank' plan for wave of coronavirus toxic debt

European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters.



4 years ago

Bank of England ready to replenish its COVID-19 warchest

The Bank of England looks set to give itself at least another 100 billion pounds ($127 billion) in bond-buying firepower next week to try to stop the coronavirus crisis from inflicting further damage on Britain's economy.



4 years ago

Finnair seeks 500 million euros from shareholders to cope with crisis

Finnair launched a share sale on Wednesday to raise 500 million euros ($568 million) from its existing investors, almost as much as its current market value as it seeks to strengthen its finances to cope with the coronavirus crisis.



4 years ago

Stocks, dollar stumble ahead of Fed

Stock markets nudged down from more than three-month highs on Wednesday, while the dollar stumbled as caution took hold ahead of a U.S. Federal Reserve meeting.



4 years ago

U.S. companies vow to fight racism but face critics on diversity

In the past, U.S. corporations have largely remained silent as protests erupted over killings of African-Americans by police officers. That changed with the May 25 death of George Floyd in Minneapolis, which has set off a flurry of corporate statements of solidarity with the black community – along with pledges of more than $1.7 billion to advance racial justice and equity.



4 years ago

Reddit names Michael Seibel to board after Ohanian's call for black candidate

Social network company Reddit on Wednesday named venture capital investor Michael Seibel to its board, days after co-founder and former director Alexis Ohanian resigned and called for the company to replace him with a black candidate.



4 years ago

Exclusive: RWE, Thyssenkrupp plan hydrogen production venture

Germany's RWE plans to produce hydrogen from renewable energy to supply steelmaker Thyssenkrupp, the two companies told Reuters.



4 years ago

Tesla to start volume production of Semi trucks: memo

Tesla Inc's chief executive Elon Musk said that it is time to bring its Semi commercial truck to "volume production", as the U.S. electric vehicle maker ramps up vehicle production after a brief virus-related shutdown.



4 years ago

U.S. banks prepare branches for gradual post-coronavirus re-opening

U.S. banks have been stocking up on masks and other supplies and setting up acrylic barriers to prevent spreading the novel coronavirus as they ready their branches for the country's gradual reopening, executives and suppliers told Reuters.



4 years ago