Latest News on private equities market

Australia's Westpac to refund people who bought new shares before money laundering bombshell

Australia's Westpac to refund people who bought new shares before money laundering bombshell

Australia's Westpac Banking Corp offered to refund investors who bought new shares weeks before a bombshell lawsuit accusing it of millions of breaches of money laundering laws, a rare step to fend off criticism about its transparency.



6 years ago
U.S. to announce findings from probe of France's tech tax on Monday

U.S. to announce findings from probe of France's tech tax on Monday

U.S. trade officials said they will announce any proposed action toward France on Monday when they release the findings from their investigation into the European ally’s tax on big internet companies such as Amazon, Google and Facebook.



6 years ago
Boeing 777X fuselage split during September stress test: Seattle Times

Boeing 777X fuselage split during September stress test: Seattle Times

The fuselage of Boeing Co's upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, the Seattle Times reported on Wednesday.



6 years ago
Exclusive: AB Inbev explores options for packaging ops - sources

Exclusive: AB Inbev explores options for packaging ops - sources

Anheuser-Busch InBev , the world's largest brewer, is exploring options for its packaging activities as it streamlines its portfolio and focuses on its core beverage business, sources close to the matter said.



6 years ago
U.S. third-quarter GDP growth revised higher; business investment stabilizing

U.S. third-quarter GDP growth revised higher; business investment stabilizing

U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment could be drawing to a close.



6 years ago
Facebook must face data breach class action on security, but not damages: judge

Facebook must face data breach class action on security, but not damages: judge

A federal judge said up to 29 million Facebook Inc users whose personal information was stolen in a September 2018 data breach cannot sue as a group for damages, but can seek better security at the social media company after a series of privacy lapses.



6 years ago
Blackstone's Byron Wien says stocks have 'room to move up' and this is 'nothing like 2006 or 1999'

Blackstone's Byron Wien says stocks have 'room to move up' and this is 'nothing like 2006 or 1999'

The market's rally may be far from over as low interest rates keep valuations in an attractive place, Wall Street legend Byron Wien says.

6 years ago
International stocks to outperform U.S. in 2020: investors

International stocks to outperform U.S. in 2020: investors

Even though the U.S. stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly 25% for the year, investors appear to be looking elsewhere for better values in the year ahead.



6 years ago
India plans to cap commissions for Uber, Ola: Economic Times

India plans to cap commissions for Uber, Ola: Economic Times

India plans to cap commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, financial daily Economic Times (ET) reported on Thursday, citing people privy to the matter.



6 years ago
Robust data, trade deal hopes push Wall Street to record levels

Robust data, trade deal hopes push Wall Street to record levels

Wall Street's main indexes notched fresh record highs on Wednesday, as data pointed to a resilient domestic economy and investors remained optimistic about a resolution to the U.S.-China trade war.



6 years ago
Global stocks near record highs on trade hopes, dollar gains

Global stocks near record highs on trade hopes, dollar gains

The U.S. dollar rose and a gauge of global equities pushed closer to an all-time high on Wednesday after a batch of U.S. economic data brightened the economic outlook and investors remained bullish on the prospect of a U.S.-China trade accord.



6 years ago
Robinhood pulls bank charter application as fintechs face hurdles to disrupting financial system

Robinhood pulls bank charter application as fintechs face hurdles to disrupting financial system

Robinhood is no longer looking to become a federally insured bank.

6 years ago
Oil edges lower after U.S. crude and gasoline build

Oil edges lower after U.S. crude and gasoline build

Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week and gasoline stocks surged, but losses were limited by optimism that a U.S.-China trade deal would be reached soon.



6 years ago
Global stocks strain for record high on tantalizing trade hopes

Global stocks strain for record high on tantalizing trade hopes

World shares made another push for an elusive record high on Wednesday after U.S. President Donald Trump said Washington and Beijing were in the final throes of inking an initial trade deal.



6 years ago
Strong data, trade optimism propel Wall Street to record levels

Strong data, trade optimism propel Wall Street to record levels

Wall Street's main indexes hit record highs on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to a resilient domestic economy, while investors remained optimistic about a resolution to U.S.-China trade tensions.



6 years ago