Latest News on private equities market

Factbox: FAA chief says 737 MAX will not be cleared to fly in 2019

Factbox: FAA chief says 737 MAX will not be cleared to fly in 2019

U.S. Federal Aviation Administration (FAA) chief Steve Dickson confirmed on Wednesday the agency will not allow Boeing Co's grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019.



6 years ago
FAA probes Boeing 737 MAX production, ex-manager warns of 'a factory in chaos'

FAA probes Boeing 737 MAX production, ex-manager warns of 'a factory in chaos'

The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues at Boeing Co's 737 MAX factory, raised by an ex-manager who warned that schedule pressure and worker fatigue undermined quality and raised safety risks.



6 years ago
U.S. chief executives back revised USMCA trade deal

U.S. chief executives back revised USMCA trade deal

The Business Roundtable, a trade group of top U.S. chief executives, announced Wednesday its members backed the revised U.S.-Mexico-Canada (USMCA) trade deal after negotiators brought the hard-won agreement across the finishing line.



6 years ago
Mexican businesses focus on labor provisions as they pore over USMCA trade deal text

Mexican businesses focus on labor provisions as they pore over USMCA trade deal text

Mexican business leaders on Wednesday began poring over texts of a new stricter trade deal with the United States and Canada, looking for details of how more intrusive enforcement of labor rules in Mexico would affect their operations.



6 years ago
After year of living dangerously, Fed likely to signal time to lay low

After year of living dangerously, Fed likely to signal time to lay low

The U.S. Federal Reserve holds its last policy meeting of 2019 on Wednesday, having completed a year-long U-turn that saw it abandon a tightening cycle and lower borrowing costs three times in response to the global trade war.



6 years ago
Huawei's CFO wins Canada court fight to see more documents on her arrest

Huawei's CFO wins Canada court fight to see more documents on her arrest

Lawyers for Huawei’s chief financial officer have won a court battle after a judge asked Canada’s attorney general to hand over more evidence and documents relating to the arrest of Meng Wanzhou, according to a court ruling released on Tuesday.



6 years ago
Fed keeps interest rates on hold amid 'favorable' outlook

Fed keeps interest rates on hold amid 'favorable' outlook

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.



6 years ago
Instant View: Fed stands pat on rates, expects no change in 2020

Instant View: Fed stands pat on rates, expects no change in 2020

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.



6 years ago
Wall Street gains modestly after Fed signals rates to hold steady for some time

Wall Street gains modestly after Fed signals rates to hold steady for some time

Wall Street's main stock indexes moved modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely.



6 years ago
Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal

Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal

Nestle SA has agreed to sell its U.S. ice cream business to Froneri in a deal valued at $4 billion, moving control of brands including Häagen-Dazs to a joint venture the Swiss group set up in 2016.



6 years ago
Oil drops on surprise U.S. crude build but tariff deadline eyed

Oil drops on surprise U.S. crude build but tariff deadline eyed

Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday.



6 years ago
Gasoline, rents lift U.S. consumer inflation in November

Gasoline, rents lift U.S. consumer inflation in November

U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention to keep interest rates steady indefinitely after reducing borrowing costs three times this year.



6 years ago
CEO of GM's Cruise hints at offering low-cost shared rides

CEO of GM's Cruise hints at offering low-cost shared rides

The chief executive of autonomous vehicle company Cruise signaled in a blog post on Wednesday that the General Motors Co subsidiary is shifting its focus to shared rides "at a radically lower cost."



6 years ago
Carlyle Group co-CEO says he's confident Taylor Swift deal will be a 'successful investment'

Carlyle Group co-CEO says he's confident Taylor Swift deal will be a 'successful investment'

Carlyle Group helped finance the sale of Taylor Swift's music rights to Ithaca Holdings.

6 years ago
Saudi Aramco shares open 10% above IPO price, garners $1.88 trillion valuation

Saudi Aramco shares open 10% above IPO price, garners $1.88 trillion valuation

Saudi Aramco shares opened at 35.2 riyal ($9.39) on Wednesday, 10% above their IPO price of 32 riyals, in their first day of trading following a record initial public offering.



6 years ago