Latest News on private equities market

Uber approaches GrubHub with takeover offer: Bloomberg News

Uber approaches GrubHub with takeover offer: Bloomberg News

Uber Technologies Inc has made an offer to buy online food delivery company GrubHub Inc , Bloomberg News reported on Tuesday.



6 years ago
Estonian fintech askRobin scores $1.7M to bring ‘fair credit’ to emerging markets

Estonian fintech askRobin scores $1.7M to bring ‘fair credit’ to emerging markets

Techcrunch | Steve O'Hear | May 6, 2020 AskRobin, an Estonia-founded fintech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding. The seed round is backed by VC funds Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. In addition, a number

6 years ago
German watchdog investigates payments company Wirecard

German watchdog investigates payments company Wirecard

Germany's financial watchdog BaFin said on Tuesday it was conducting multiple investigations into Wirecard , sending its shares lower and adding to pressure over allegations it has denied.



6 years ago
Morgan Stanley pays $5 million fine to settle SEC charges it misled investing clients

Morgan Stanley pays $5 million fine to settle SEC charges it misled investing clients

A unit of Morgan Stanley agreed to pay a $5 million fine to settle U.S. Securities and Exchange Commission charges it misled retail investing clients about the costs of a "wrap fee" program, the regulator said on Tuesday.



6 years ago
Equities inch higher, bonds dip, on hopes for recovery

Equities inch higher, bonds dip, on hopes for recovery

World equity markets inched higher and safe-haven bonds fell on Tuesday as stronger economic data from China and upbeat corporate earnings in Europe overshadowed concerns about a potential second wave of coronavirus infections.



6 years ago
Trump again urges Fed to adopt negative U.S. interest rates

Trump again urges Fed to adopt negative U.S. interest rates

President Donald Trump on Tuesday again pushed the Federal Reserve to adopt negative interest rates, even as several members of the U.S. central bank have said they do not see a need for rates - now near zero - to move into negative territory.



6 years ago
Google and Gates Foundation to help spread digital payments in developing countries

Google and Gates Foundation to help spread digital payments in developing countries

Fortune | David Z. Morris | May 6, 2020 For more than a decade, Kenyans from the bustling capital of Nairobi to far-flung farms have had access to a digital payments service that was ahead of its time. M-Pesa, introduced in 2007 by Vodafone and Kenya’s Safaricom mobile provider, lets users send and receive money

6 years ago
Logitech sales surge as locked-down families, workers stay connected

Logitech sales surge as locked-down families, workers stay connected

Logitech International reported a big jump in sales of computer products during its fourth quarter on Tuesday as more people worked from home and families turned to technology to keep in touch during the coronavirus crisis.



6 years ago
Trump wants California to let automaker Tesla reopen assembly plant

Trump wants California to let automaker Tesla reopen assembly plant

U.S. President Donald Trump on Tuesday urged California to allow Tesla Inc to reopen its electric vehicle assembly plan.



6 years ago
Wall Street dips on risks linked to reopening of economy

Wall Street dips on risks linked to reopening of economy

The S&P 500 slipped in choppy trading on Tuesday as the risks of reopening the economy too soon overshadowed hopes of a jump-start to a battered global economy, following an easing of virus-led business shutdowns.



6 years ago
U.S. federal court to consider payout suit brought by RBS whistleblower

U.S. federal court to consider payout suit brought by RBS whistleblower

The U.S. Second Circuit Appeals Court will on Tuesday consider arguments by an ex-Royal Bank of Scotland employee who is suing the U.S. Justice Department and Securities and Exchange Commission for a bounty he says he is owed under a whistleblower program.



6 years ago
Toyota sees 80% profit drop as virus wipes $14 billion off car sales

Toyota sees 80% profit drop as virus wipes $14 billion off car sales

Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.



6 years ago
Stocks rally falters as virus and trade nerves linger

Stocks rally falters as virus and trade nerves linger

Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy helped limit worries about a potential second wave of coronavirus infections.



6 years ago
Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank

Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank

German conglomerate Thyssenkrupp warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due to the coronavirus crisis.



6 years ago
Saudi Aramco first-quarter net profit slides 25% as oil prices tumble

Saudi Aramco first-quarter net profit slides 25% as oil prices tumble

Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion base payout to shareholders for the year.



6 years ago