Latest News on private equities market

Kuwaiti parliament to investigate Airbus aircraft orders

Kuwaiti parliament to investigate Airbus aircraft orders

Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus's aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported.



6 years ago
BlackRock bolsters European management as part of regional expansion: memo

BlackRock bolsters European management as part of regional expansion: memo

BlackRock , the world's biggest asset manager, has appointed two executives to oversee its operations in continental Europe as part of efforts to expand in the region, a memo to staff on Wednesday seen by Reuters showed.



6 years ago
Renault shares fall after Moody's cuts its debt to 'junk' status

Renault shares fall after Moody's cuts its debt to 'junk' status

Renault's shares fell on Wednesday after Moody's cut its rating on the French carmaker's debt to "junk" status, citing weaker profitability as the company restructures and grapples with falling demand.



6 years ago
Citi, Deutsche start talks to sell $9 billion Dubai port company debt: sources

Citi, Deutsche start talks to sell $9 billion Dubai port company debt: sources

Citi and Deutsche Bank have started talks with other banks to sell roughly $9 billion in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, sources familiar with the matter said on Wednesday.



6 years ago
Metro Bank names interim boss Dan Frumkin CEO

Metro Bank names interim boss Dan Frumkin CEO

Metro Bank's interim chief executive officer, Dan Frumkin, will take over the CEO role on a permanent basis, the British lender said on Wednesday.



6 years ago
Qatar increases its stake in BA-owner IAG to 25.1%

Qatar increases its stake in BA-owner IAG to 25.1%

Qatar Airways Group said on Wednesday it had increased its holding in British Airways-owner IAG to 25.1%, buying another stake worth $600 million as part of a strategy it described as being highly successful.



6 years ago
Deutsche Telekom sees slower core earnings growth this year

Deutsche Telekom sees slower core earnings growth this year

Deutsche Telekom forecast that growth in its core earnings would slow to 3% this year after a strong fourth quarter, as it looks finally to complete a merger that would create the third-largest U.S. wireless carrier.



6 years ago
Asia stocks rise on lull in virus worry, euro still weak

Asia stocks rise on lull in virus worry, euro still weak

Asian shares and U.S. stock futures rose on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases.



6 years ago
Airbus defense division plans to cut more than 2,300 jobs

Airbus defense division plans to cut more than 2,300 jobs

The defense business of Airbus on Wednesday laid out plans to cut more than 2,300 jobs, citing a flat space market and postponed defense contracts.



6 years ago
Virgin Galactic looks like newest cult stock as short sellers dig in

Virgin Galactic looks like newest cult stock as short sellers dig in

Wall Street's newest cult stock appears to be Richard Branson's Virgin Galactic Holdings Inc , as investors drive the space tourism stock to sky-high levels and short sellers dig in their heels.



6 years ago
Oil up more than 2% on slowing coronavirus cases, U.S. move on Venezuela

Oil up more than 2% on slowing coronavirus cases, U.S. move on Venezuela

Oil prices gained more than 2% on Wednesday as worries eased about demand declining due to the spread of coronavirus cases in China, while supplies tightened as the United States moved to cut off more Venezuelan crude from the market.



6 years ago
Forget Tesla. Wall Street has found a new favorite speculative stock as Virgin Galactic surges 23%

Forget Tesla. Wall Street has found a new favorite speculative stock as Virgin Galactic surges 23%

Virgin Galactic trading has accelerated in a way that tops even the momentum behind Tesla.

6 years ago
S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes

S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes

The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the coronavirus epidemic.



6 years ago
Fed staff float plan to end term-repo after April, minutes show

Fed staff float plan to end term-repo after April, minutes show

Senior Federal Reserve staff proposed ending longer-term loans to banks after April as part of a broader blueprint laying out how the central bank could scale back the support provided to money markets, the minutes from the January policy meeting showed.



6 years ago
Exclusive: Google users in UK to lose EU data protection - sources

Exclusive: Google users in UK to lose EU data protection - sources

Google is planning to move its British users' accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said.



6 years ago