Latest News on private equities market

Explainer: What happens next in Huawei CFO's U.S. extradition case

Explainer: What happens next in Huawei CFO's U.S. extradition case

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Co Ltd's Chief Financial Officer Meng Wanzhou's extradition to the United States. The judge will rule on double criminality, meaning whether the charges against Meng were illegal in both Canada and the United States at the time of her December 2018 arrest.



6 years ago
Huawei Meng's U.S. extradition case hinges on key ruling in Canada on Wednesday

Huawei Meng's U.S. extradition case hinges on key ruling in Canada on Wednesday

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.



6 years ago
Hugo Boss sees recovery in third quarter at earliest

Hugo Boss sees recovery in third quarter at earliest

Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the coronavirus pandemic, the chief executive of German fashion house said on Wednesday.



6 years ago
China's Chery Auto plans to sell cars in EU, United States: chairman

China's Chery Auto plans to sell cars in EU, United States: chairman

China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the European Union and United States for the first time, its chairman said.



6 years ago
Asian shares set to sag on U.S.-China woes

Asian shares set to sag on U.S.-China woes

Asian shares are likely to dip on Thursday after remarks by U.S. Secretary of State Mike Pompeo that Hong Kong no longer warranted special treatment under U.S. law reignited worries about worsening relations with Beijing.



6 years ago
Nissan to set out survival plan after expected annual loss

Nissan to set out survival plan after expected annual loss

Nissan Motor Co will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to culminate in its first annual operating loss in 11 years.



6 years ago
U.S. senators weigh additional sanctions on Russia's Nord Stream 2

U.S. senators weigh additional sanctions on Russia's Nord Stream 2

Two U.S. senators said on Wednesday they could draft further sanctions on Russia's Nord Stream 2 natural gas pipeline if Moscow finishes laying pipes for the project.



6 years ago
Facebook's Zuckerberg says government censoring social media not the 'right reflex'

Facebook's Zuckerberg says government censoring social media not the 'right reflex'

Facebook Inc's Chief Executive Officer Mark Zuckerberg, commenting on U.S. President Donald Trump's threats against social media companies, said on Wednesday censoring a platform would not be the "right reflex" for a government worried about censorship.



6 years ago
NCFA Response to CSA on NI 45-110 Harmonized Securities Crowdfunding Rules

NCFA Response to CSA on NI 45-110 Harmonized Securities Crowdfunding Rules

NCFA Canada | Craig Asano | May 27, 2020 NCFA SUBMISSION TO CSA ON PROPOSED HARMONIZED RULES FOR START-UP SECURITIES CROWDFUNDING (NI 45-110) The Canadian Securities Administrators (CSA) are seeking comments on proposed harmonized rules for start-up securities crowdfunding by 27 May 2020. The National Crowdfunding and Fintech Association of Canada (NCFA) welcomes this initiative.

6 years ago
U.S. state of Arizona files consumer fraud lawsuit against Google

U.S. state of Arizona files consumer fraud lawsuit against Google

Arizona on Wednesday filed a consumer fraud lawsuit against Alphabet Inc's Google alleging that the company used "deceptive" and "unfair" practices to obtain the location data of users.



6 years ago
Trump to sign executive order on social media on Thursday: White House

Trump to sign executive order on social media on Thursday: White House

U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down the platform he accused of stifling conservative voices.



6 years ago
Ryanair says holiday bookings surge, sees Britain dropping quarantine

Ryanair says holiday bookings surge, sees Britain dropping quarantine

Ryanair expects Britain to join European nations in dropping COVID-19 quarantine plans in the coming weeks, Chief Executive Michael O'Leary said in an interview on Wednesday, reporting a "big surge" in holiday bookings from the country.



6 years ago
Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing

Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing

Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection.



6 years ago
Nissan Motor to close Barcelona plant: El Pais

Nissan Motor to close Barcelona plant: El Pais

Japan's Nissan Motor Co will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources.



6 years ago
Carl Icahn exits Hertz with 'significant' loss

Carl Icahn exits Hertz with 'significant' loss

Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a "significant loss", days after the car rental pioneer filed for bankruptcy protection.



6 years ago