Latest News on private equities market

Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer's energy demand growth.

Global energy giant Exxon Mobil Corp will offer its expertise and technology to India's biggest state-owned explorer Oil and Natural Gas Corp Ltd to help develop its resources in offshore blocks, according to two sources directly privy to the development.

Private equity giant KKR & Co and its partners canceled what was to be Australia's biggest listing of the year, lender Latitude Financial, because investors would not pay a price that reflected its value, the Latitude CEO said on Wednesday.

Chile's Supreme Court has ordered the Bank of Chile to allow tax authorities to examine the local accounts of Uber , rejecting an appeal by the ride-sharing company, according to a judgment seen by Reuters on Tuesday.

Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible.

The leaders of the House of Representatives Judiciary Committee said late on Tuesday that they had begun receiving data from Facebook, Alphabet's Google, Amazon and Apple as part of their probe into the companies' potential breaches of antitrust law.

Asian shares inched higher while sterling came off five-month highs in volatile trade on Wednesday as investors looked to whether Britain can secure a deal to avoid a disorderly exit from the European Union.

Shares of Unizo Holdings Co Ltd jumped on Wednesday after U.S. private equity firm Blackstone Group Inc ratcheted up its pursuit of the Japanese hotel operator by launching a 5,000 yen-per-share tender offer.

Japanese hotel operator Unizo Holdings said on Wednesday it had not decided how to respond to a tender offer launched by private equity firm Blackstone Group and would consult with a special committee on how to proceed.

Asian shares took off on Wednesday and sterling held near six-month highs as Britain and the EU made headway on a Brexit deal ahead of a leaders' summit though it remained unclear if London could avoid postponing its scheduled departure on Oct. 31.

A 23-year-old law giving technology companies legal protection from lawsuits over user-generated content remains critical to the internet's future, Alphabet Inc's Google unit and social media site Reddit Inc said in testimony released on Tuesday.

Backers of Facebook Inc's Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day.

Japan's SoftBank will invest in Mexican used car platform Kavak, the group's chief operating officer Marcelo Claure said on Monday, adding to SoftBank's growing portfolio in Latin America.

Uber Technologies Inc and Lyft have declined to appear at a hearing on Wednesday on ride-hailing industry issues, the chairman of the U.S. House of Representatives panel said, urging them to reconsider.

Southwest Airlines pilots predicted on Monday that the grounded Boeing 737 MAX airplane will return to the skies around February, weeks later than Boeing and airlines have projected.