Latest News on private equities market

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

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.



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

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.



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

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.



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

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.



6 years ago
Japan's service sector sentiment rises 7.6 points in May

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.



6 years ago
IBM exits facial recognition business, calls for police reform

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.



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

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.



6 years ago
Oil prices rise on optimism easing of lockdowns to spur fuel demand

Oil prices rise on optimism easing of lockdowns to spur fuel demand

Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing.



6 years ago
Asia stocks set to gain after recovery hopes push Wall Street higher

Asia stocks set to gain after recovery hopes push Wall Street higher

Asian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.



6 years ago
Cathay Pacific and major shareholders Swire and Air China halt trading

Cathay Pacific and major shareholders Swire and Air China halt trading

Hong Kong's Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd entered share trading halts in Hong Kong on Tuesday pending announcements.



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

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.



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

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.



6 years ago
Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case

Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case

Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping.



6 years ago
Op-ed: Here's what CEOs are thinking and worrying about as they reopen their offices

Op-ed: Here's what CEOs are thinking and worrying about as they reopen their offices

A top fear of CEOs is a resurgence of the Covid-19 virus, according to survey results.

6 years ago
Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge

Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge

Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in new borrowings against its real estate assets, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.



6 years ago