Latest News on private equities market

Dollar edges higher as U.S.-China worries resurface

Dollar edges higher as U.S.-China worries resurface

The dollar edged higher on Wednesday as worries about the U.S. response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback.



6 years ago
Amazon in advanced talks to buy self-driving startup Zoox: WSJ

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported https://on.wsj.com/36wXJUV on Tuesday.



6 years ago
Oil slips on demand worries, Hong Kong tensions

Oil slips on demand worries, Hong Kong tensions

Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative sentiment.



6 years ago
World economic prospects darken, rebound delayed: Reuters poll

World economic prospects darken, rebound delayed: Reuters poll

Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.



6 years ago
Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

U.S. passenger railroad service Amtrak said on Tuesday it needs a further $1.475 billion bailout and disclosed plans to cut its workforce by up to 20% in the coming budget year.



6 years ago
Oil falls on demand concerns, U.S.-China tensions

Oil falls on demand concerns, U.S.-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to pressure.



6 years ago
Asian stocks pull back as Hong Kong uncertainty weighs

Asian stocks pull back as Hong Kong uncertainty weighs

Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy.



6 years ago
Mexico's auto industry restart gathers steam, Ford still waiting

Mexico's auto industry restart gathers steam, Ford still waiting

Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.



6 years ago
SpaceX raises $346 million in most recent funding round

SpaceX raises $346 million in most recent funding round

The news came just a day before the most important launch in SpaceX history.

6 years ago
Why AI-driven financial advice is getting regulators’ attention

Why AI-driven financial advice is getting regulators’ attention

The Globe and Mail | Patricia Chisholm | May 22, 2020 The emerging use of artificial intelligence (AI) to support or even replace human financial advisors is attracting the attention of regulators – mainly in Britain but also in Canada. While they’re broadly supportive of AI as a cost-efficient tool to broaden the reach of

6 years ago
Daimler to invest in Chinese EV battery maker Farasis' $480 million IPO: sources

Daimler to invest in Chinese EV battery maker Farasis' $480 million IPO: sources

Daimler AG plans to invest in Farasis Energy's planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.



6 years ago
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks

Walmart's Mexico unit pays scaled-down tax of $358 million after government talks

Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer for the sale of a restaurant chain, the company said on Monday.



6 years ago
Exclusive: Cathay Pacific's brand merger hits roadblock from China's aviation regulator - sources

Exclusive: Cathay Pacific's brand merger hits roadblock from China's aviation regulator - sources

China's aviation regulator may make it difficult for Hong Kong's Cathay Pacific Airways Ltd to merge regional arm Cathay Dragon into its main brand because of infractions during last year's pro-democracy protests, two sources said.



6 years ago
Chile's Latam Airlines Group hires PJT Partners to restructure debt: report

Chile's Latam Airlines Group hires PJT Partners to restructure debt: report

Chile's Latam Airlines Group SA has hired U.S. investment boutique PJT Partners to explore debt restructuring options that may include bankruptcy protection filings in three countries, Brazilian newspaper O Estado de S. Paulo reported late on Monday.



6 years ago
Japan shares hit 10-week peak, S&P 500 tests 3,000

Japan shares hit 10-week peak, S&P 500 tests 3,000

Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.



6 years ago