Latest News on private equities market

HSBC’s plan to move $20B in assets to blockchain could be a watershed moment

HSBC’s plan to move $20B in assets to blockchain could be a watershed moment

Computerworld | Lucas Mearian | Dec 6, 2019 The investment bank's trust of blockchain is likely to spur confidence in the nascent technology. Investment bank HSBC Holdings is using a blockchain distributed ledger technology (DLT) to digitize transaction records of private investments, enabling clients globally to access the details of their assets online in near

6 years ago
Saudi, Russia look to seal deeper output cuts with oil producers

Saudi, Russia look to seal deeper output cuts with oil producers

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin



6 years ago
JPMorgan banker testifying for cartel prosecutors says there was no agreement

JPMorgan banker testifying for cartel prosecutors says there was no agreement

A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.



6 years ago
Italy's Atlantia interested in relaunch not rescue of Alitalia: paper

Italy's Atlantia interested in relaunch not rescue of Alitalia: paper

Italy's Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said in an interview on Friday.



6 years ago
Indonesia fines Garuda after CEO fired over smuggled Harley Davidson

Indonesia fines Garuda after CEO fired over smuggled Harley Davidson

Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorbike onboard a new plane, state news agency Antara cited the transport minister as saying.



6 years ago
Asian shares up as trade optimism lingers, oil firm on OPEC+ output cut

Asian shares up as trade optimism lingers, oil firm on OPEC+ output cut

Asian stocks gained on Friday as investors took heart from U.S. President Donald Trump saying trade talks with China were "moving right along", and U.S. oil prices sat near 2-1/2-month highs after OPEC and other producers agreed to cut output.



6 years ago
SoftBank's Son cleaves to gut-led investing in chat with Alibaba's Ma

SoftBank's Son cleaves to gut-led investing in chat with Alibaba's Ma

Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma.



6 years ago
Tesla Inc boss Elon Musk wins defamation trial over 'pedo guy' tweet

Tesla Inc boss Elon Musk wins defamation trial over 'pedo guy' tweet

A U.S. District Court jury in Los Angeles on Friday found in favor of Tesla Inc boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.



6 years ago
Tesla boss Elon Musk wins defamation trial over 'pedo guy' tweet

Tesla boss Elon Musk wins defamation trial over 'pedo guy' tweet

A federal court jury in Los Angeles on Friday found in favor of Tesla Inc boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.



6 years ago
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe

Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe

Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve a probe into corruption, including bribing of government officials, over many years in countries including China, Vietnam, and Djibouti, the U.S. Department of Justice said in a statement on Friday.



6 years ago
FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes

FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes

The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million fine on Boeing Co , alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes.



6 years ago
Elon Musk defamation trial goes to jury after plaintiff's lawyer calls him 'billionaire bully'

Elon Musk defamation trial goes to jury after plaintiff's lawyer calls him 'billionaire bully'

A federal jury in Los Angeles began deliberating on Friday to decide whether Tesla Inc boss Elon Musk defamed a British cave explorer whose lawyer said the "billionaire bully" should pay at least $190 million for branding his client a "pedo guy" on Twitter.



6 years ago
FAA proposes fining Boeing $3.9 million for installing defective parts on 737 planes

FAA proposes fining Boeing $3.9 million for installing defective parts on 737 planes

The Federal Aviation Administration (FAA) said Friday it was seeking a $3.9 million fine from Boeing Co for installing defective parts on about 130 737 airplanes.



6 years ago
Wall Street climbs on solid jobs data, trade hopes

Wall Street climbs on solid jobs data, trade hopes

Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.



6 years ago
Global stocks rally, dollar gains on robust U.S. jobs data

Global stocks rally, dollar gains on robust U.S. jobs data

The dollar rose and global equity markets soared on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks.



6 years ago