Latest News on private equities market

WeWork plans to lay off 4,000 staff - FT

WeWork plans to lay off 4,000 staff - FT

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put in place by top shareholder Japan's SoftBank Group after it took control of the company this week, Financial Times reported on Wednesday.



6 years ago
Hedge fund titan Paul Tudor Jones is apparently a fan of presidential hopeful Pete Buttigieg

Hedge fund titan Paul Tudor Jones is apparently a fan of presidential hopeful Pete Buttigieg

Billionaire hedge fund investor Paul Tudor Jones voices his support for Democrat Pete Buttigieg at a recent gala, according to a report.

6 years ago
American drivers warming to self-driving cars - survey

American drivers warming to self-driving cars - survey

About 40% of adult Americans drivers are leaning more to buying self-driving cars in the future as they look to snack, chat on their phone or catch up on email while the car drives itself, a survey by Adobe Analytics showed on Wednesday.



6 years ago
Brazil narrows field to China, Russia, France for Angra 3 nuclear partner

Brazil narrows field to China, Russia, France for Angra 3 nuclear partner

Brazil's state nuclear power company Eletronuclear plans to complete its long-delayed Angra 3 plant by partnering with either China's National Nuclear Corporation (CNNC), France's EDF or Russia's Rosatom, its president Leonam Guimaraes told Reuters.



6 years ago
Here's why you might owe taxes on that scholarship

Here's why you might owe taxes on that scholarship

Uncle Sam wants his share of your scholarship. Here's a surprise for families seeking financial aid: Under certain circumstances, those free dollars for higher education may come with a tax hit.

6 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.

6 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

6 years ago
Asian shares edge up; investors anxious over earnings, Brexit

Asian shares edge up; investors anxious over earnings, Brexit

Asian shares pulled ahead on Thursday with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while Brexit uncertainties kept overall sentiment in check.



6 years ago
Google unveils computer with 'quantum supremacy', rivals say wait a qubit

Google unveils computer with 'quantum supremacy', rivals say wait a qubit

Alphabet Inc's Google said on Wednesday it achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem that would take today's most powerful supercomputer thousands of years to crack.



6 years ago
OSC LaunchPad approves TokenGX (Tokenfunder) to Operate Secondary Market Trading Platform

OSC LaunchPad approves TokenGX (Tokenfunder) to Operate Secondary Market Trading Platform

OSC Launchpad | Pat Chaukos | Oct 22, 2019 Background on TokenGX decision on Exemptive Release The Ontario Securities Commission (OSC), through the OSC LaunchPad, engages with fintech businesses that have innovative products, services or applications that benefit investors.  OSC LaunchPad assists businesses in navigating regulatory requirements and offers flexible approaches for them to fulfill

6 years ago
Billionaire investor Jeffrey Vinik closes hedge fund less than a year after its relaunch

Billionaire investor Jeffrey Vinik closes hedge fund less than a year after its relaunch

Jeffrey Vinik, the billionaire investor who relaunched his hedge fund earlier this year, is cutting his comeback tour short.

6 years ago
Exclusive: U.S. FAA must restore 'public confidence' in plane certification - inspector general

Exclusive: U.S. FAA must restore 'public confidence' in plane certification - inspector general

The Federal Aviation Administration (FAA) must work to restore "public confidence" in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation Department's inspector general said Wednesday in a report seen by Reuters.



6 years ago
Wall Street treads water as chip stocks, Nike fall

Wall Street treads water as chip stocks, Nike fall

The benchmark S&P 500 was little changed on Wednesday as lackluster quarterly reports from Texas Instruments Inc pushed down semiconductor stocks and the departure of Nike Inc's chief executive weighed on the company's shares.



6 years ago
Ghosn's lawyers accuse Japan officials, Nissan executives of collusion

Ghosn's lawyers accuse Japan officials, Nissan executives of collusion

Lawyers for former Nissan Motor Co chairman Carlos Ghosn submitted filings to the Tokyo District Court on Thursday seeking the dismissal of all charges against him and accusing Japanese officials and executives at the automaker of collusion.



6 years ago
Brazil court approves contract draft for transfer of rights oil deal

Brazil court approves contract draft for transfer of rights oil deal

Brazil's federal audits court on Wednesday approved a draft contract for a massive transfer of rights oil deal between state-run oil firm Petroleo Brasileiro SA , better known as Petrobras, and the government.



6 years ago