Latest News on private equities market

Tesla shares pop the most in 6 years after earnings show its building cash, boosting margins

Tesla shares pop the most in 6 years after earnings show its building cash, boosting margins

Tesla turned in an unexpectedly profitably third-quarter and better than anticipated progress on its Shanghai factory.

7 years ago
Hyundai targets EV sales of over half a million by 2025, posts disappointing third-quarter

Hyundai targets EV sales of over half a million by 2025, posts disappointing third-quarter

South Korea's Hyundai Motor pledged to boost sales of electric vehicles (EV) to over half a million by 2025 as part of a bid to focus on new technologies and catch up with rivals, but some analysts saw the target as conservative and warned of the costs.



7 years ago
Chemicals maker Dow profit beats estimates on cost cuts

Chemicals maker Dow profit beats estimates on cost cuts

Dow Inc's quarterly profit beat Wall Street estimates on Thursday, as it kept a tight lid on costs against the backdrop of lower prices for chemicals used in making plastics.



7 years ago
Southwest profit jumps 7.2% as unit revenues rise

Southwest profit jumps 7.2% as unit revenues rise

Southwest Airlines Co reported a 7.2% rise in third-quarter profit on Thursday, as strong travel demand and higher fares offset the hit from flight cancellations due to the grounding of its Boeing 737 MAX jets.



7 years ago
Puma sees profit hit from U.S. tariffs on China

Puma sees profit hit from U.S. tariffs on China

German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and narrowed its profit target after a strong third quarter in all regions.



7 years ago
Oil slips below $61 as weak demand outlook weighs

Oil slips below $61 as weak demand outlook weighs

Oil slipped below $61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in U.S. crude inventories and the prospect of further action by OPEC and its allies to support the market.



7 years ago
Stocks rise, euro holds gains before Draghi's farewell

Stocks rise, euro holds gains before Draghi's farewell

Europe's traders were sending European Central Bank chief Mario Draghi off in style on Thursday, raising the region's stocks to their highest in more than a year and nudging the euro towards its best month since January 2018.



7 years ago
Verafin’s quiet, huge success: Canada’s $515 million largest venture funding deal goes to an N.L. company

Verafin’s quiet, huge success: Canada’s $515 million largest venture funding deal goes to an N.L. company

CBC | Terri Coles ·| Oct 24, 019 With more than half a billion in new venture funding, Verafin is stepping into the spotlight On Wednesday, Canada's largest-ever venture funding deal was made for $515 million — a sizeable sum of money by any measure — going to a world leader in providing financial crime management

7 years ago
Snap drops as Wall Street puts focus on disappointing revenue outlook

Snap drops as Wall Street puts focus on disappointing revenue outlook

Shares of Snap Inc fell 6% on Wednesday, as Wall Street focused more on a disappointing revenue outlook than regulators no longer investigating the company over whether it misled investors at the time of its 2017 initial public offering.



7 years ago
Without deal, WeWork would have been out of money next week, sources say

Without deal, WeWork would have been out of money next week, sources say

WeWork announced Tuesday that SoftBank will provide $5 billion in new financing and up to $3 billion in a tender offer for existing shareholders.

7 years ago
Malaysia’s potential as the fintech hub for the ASEAN region

Malaysia’s potential as the fintech hub for the ASEAN region

Labuan IBFC | Oct 18, 2019 Malaysian Digital Economy Corporation Sdn Bhd (“MDEC”) recently announced that Malaysia has the potential to become a digital hub for ASEAN as Malaysia is in a position to spread the growth of the digital economy throughout the region. Likewise, Ernst & Young’s ASEAN FinTech Census 2018 dubbed Malaysia as

7 years ago
Oil falls on U.S. stockbuild; deeper output cut prospects give support

Oil falls on U.S. stockbuild; deeper output cut prospects give support

Oil fell on Wednesday after gaining over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stockpiles, but the possibility of deeper output cuts from OPEC and its allies contained the decline.



7 years ago
Toyota's luxury Lexus brand plans battery EV launch in 2020

Toyota's luxury Lexus brand plans battery EV launch in 2020

Toyota Motor's Lexus will launch its first all-battery electric vehicle next year, as the luxury brand races to market a battery-operated car amid growing competition to develop zero-emissions vehicles, the head of the brand said on Wednesday.



7 years ago
Biogen, Eisai revive plans for Alzheimer's drug, surprising market

Biogen, Eisai revive plans for Alzheimer's drug, surprising market

Biogen Inc revived plans on Tuesday to seek U.S. approval for Alzheimer's treatment aducanumab, surprising investors and saying data from more patients in two discontinued studies showed the drug reduced the decline of patients.



7 years ago
Huawei launches foldable phone in China

Huawei launches foldable phone in China

Huawei Technologies Co Ltd launched its foldable 5G Mate X smartphone on Wednesday, starting pre-sales for the device in China on the same day.



7 years ago