Latest News on private equities market

U.S. pension funds took positions in blacklisted Chinese surveillance company

U.S. pension funds took positions in blacklisted Chinese surveillance company

Some of the biggest public pensions funds in the United States have invested in one of the world's largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression of the Muslim population of western China.



7 years ago
Google share of search ad market high but shrinking: eMarketer

Google share of search ad market high but shrinking: eMarketer

Alphabet Inc's Google dominates the growing U.S. search ad market but Amazon.com Inc is growing fast, according to data from the market research company eMarketer released on Tuesday.



7 years ago
BlackRock profit beats as its low-risk funds attract more money

BlackRock profit beats as its low-risk funds attract more money

BlackRock Inc , the world's largest asset manager, beat analysts' estimates for quarterly profit on Tuesday, as more money rolled into its fixed-income funds against the backdrop of an uncertain global economy.



7 years ago
KKR consortium cancels Australia's Latitude IPO: sources

KKR consortium cancels Australia's Latitude IPO: sources

U.S. private equity firm KKR & Co and its partners have canceled what was expected to be the biggest Australian IPO of the year, the listing of their lender Latitude Financial, two sources told Reuters.



7 years ago
UnitedHealth beats quarterly profit, raises earnings forecast

UnitedHealth beats quarterly profit, raises earnings forecast

UnitedHealth Group Inc beat analysts' estimates for quarterly profit and raised its 2019 earnings forecast on Tuesday, benefiting from strength in its core business of selling health plans and its pharmacy benefits unit.



7 years ago
Tesla to start Powerwall home battery installations in Japan

Tesla to start Powerwall home battery installations in Japan

Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia.



7 years ago
Blackstone plans to launch tender offer for Japan's Unizo

Blackstone plans to launch tender offer for Japan's Unizo

Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Japan's Unizo Holdings at 5,000 yen a share, doubling down on its $1.6 billion offer after the proposal was rebuffed by the hotel chain.



7 years ago
Former Thomas Cook boss defends record, pay after firm's collapse

Former Thomas Cook boss defends record, pay after firm's collapse

The former chief executive of bankrupt travel firm Thomas Cook on Tuesday said he understood public anger over his pay but defended his record, saying he had worked tirelessly to try and save the company.



7 years ago
Keen to develop self-driving cars, Hyundai Motor Group unveils $35 billion investment plan

Keen to develop self-driving cars, Hyundai Motor Group unveils $35 billion investment plan

Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars that has also received government backing.



7 years ago
Oil prices fall nearly 2% on China data, trade war jitters

Oil prices fall nearly 2% on China data, trade war jitters

Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal despite signs of a truce last week.



7 years ago
Citigroup plans to set up wholly-owned securities business in China: sources

Citigroup plans to set up wholly-owned securities business in China: sources

Citigroup Inc plans to set up a wholly-owned securities business in China, people with knowledge of the matter said on Tuesday, taking advantage of Beijing's move to fully open up some of its financial sectors to foreigners next year.



7 years ago
Global stocks edge higher on Brexit hopes, trade optimism fades

Global stocks edge higher on Brexit hopes, trade optimism fades

Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-U.S. trade truce with the likelihood of a Brexit deal by Thursday's European Union summit.



7 years ago
Volkswagen postpones final decision on Turkey plant: spokesman

Volkswagen postpones final decision on Turkey plant: spokesman

Volkswagen has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country's military operation in Syria and concerns about potential reputational fallout.



7 years ago
Blackstone to launch tender offer for Japan's Unizo

Blackstone to launch tender offer for Japan's Unizo

Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Japan's Unizo Holding at 5,000 yen ($46) a share, firing back after its earlier bid for the hotel chain was rebuffed.



7 years ago
Phase-out of Airbus, Boeing jets hits FACC's operating profit

Phase-out of Airbus, Boeing jets hits FACC's operating profit

Plane parts maker FACC's operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being phased out and start-up costs for new cabin interiors bit.



7 years ago