Latest News on private equities market

Cathay Pacific, major shareholders Swire and Air China halt trading in Hong Kong

Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd halted trading in their shares in Hong Kong on Tuesday pending announcements.



4 years ago

IBM exits facial recognition business, calls for police reform

International Business Machines Corp disclosed Monday it will no longer offer facial recognition or analysis software in a letter to Congress calling for new efforts to pursue justice and racial equity, new Chief Executive Officer Arvind Krishna said.



4 years ago

China's troubled Baoshang rescue exposes fault lines in bank reform drive

In May 2019, China's central bank announced a shock takeover of a lender, its first such move in 20 years, citing "serious credit risks". Creditors in small Baoshang Bank were to take a hit, assets would be sold and an example set for governance.



4 years ago

TSMC says planned U.S. factory in line with company's interests

Taiwan Semiconductor Manufacturing Co Ltd's planned factory in the United States is "definitely in line with" the company's interests, Chairman Mark Liu told investors on Tuesday.



4 years ago

Chinese telecom firms urge FCC not to revoke ability to operate in U.S.

The U.S. units of China Telecom Corp’s and China Unicom urged the Federal Communications Commission (FCC) not to revoke the company's nearly two-decade old authorization to provide international telecommunications services to and from the United States.



4 years ago

How to Build Canada’s Competitiveness Amidst the Rise of an Intangibles Economy and Greater Geopolitical Complexity

Public Policy Forum | Forward by Edward Greenspon | Jun 2020 The two questions on the minds of economists as governments intervened in March 2020 to dial back commercial activities were how to reignite the economy and would it look significantly different than before. Given that economies are dynamic creatures in a constant state of

4 years ago

TSMC says could fill order gap if unable to sell chips to Huawei

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) could quickly fill the order gap created by the inability to sell to Huawei's [HWT.UL] HiSilicon chip division due to U.S. restrictions, the company's chairman said on Tuesday.



4 years ago

Asia stocks extend rally as economic recovery hopes boost confidence

Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.



4 years ago

Samsung leader appears in court, awaits decision on whether he'll be jailed again

The de facto leader of Samsung Group, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.



4 years ago

Fed says beating pandemic is key, but how will it know things are better?

With a full three months of responding to a global pandemic under their belt, U.S. Federal Reserve officials have united around one point: lasting progress on the economic front will be dictated by success in containing the spread of the coronavirus.



4 years ago

Japan braces for worst postwar economic slump, pandemic tests policy response

Japan's economy braced for its worst postwar slump even as first-quarter GDP contracted less than initially thought, as the cornonavirus crisis slams the brakes on global growth and raises pressure on Tokyo to cushion the blow to business and consumers.



4 years ago

Japan's service sector sentiment rises 7.6 points in May

Japan's service sector sentiment index rose in May, a Cabinet Office survey showed on Monday, although the coronavirus pandemic continues to weigh on firms' business confidence.



4 years ago

Ryanair boss O'Leary says: We'll fly through UK's 'rubbish' quarantine

Ryanair will not cancel flights to and from the United Kingdom despite the government introducing a 14-day quarantine for international travellers because it is seeing thousands of Britons booking holidays, boss Michael O'Leary said on Monday.



4 years ago

EasyJet directors Gurassa and Martin to step down from board this year

Two non-executive directors of EasyJet are to step down from the board later this year in line with corporate governance best practice, having each served for nine years, the British airline said on Monday.



4 years ago

Asian stocks hug three-month highs after surprise U.S. jobs recovery, oil ticks up

Asia shares advanced on Monday after a surprise recovery in U.S. employment lifted hopes of a quicker global economic revival after many weeks of lockdowns aimed at controlling the coronavirus pandemic.



4 years ago