Latest News on private equities market

ASOS shakes up board to revive fortunes

ASOS shakes up board to revive fortunes

Online fashion retailer ASOS Plc on Wednesday revamped its board by naming several new directors, including Ocado Solutions Chief Executive Officer Luke Jensen, as it looks to bounce back from a string of profit warnings.



6 years ago
WTO decision on U.S. aircraft subsidy retaliation rights due at 1400 GMT

WTO decision on U.S. aircraft subsidy retaliation rights due at 1400 GMT

The World Trade Organization said it would publish at 4 p.m. (1400 GMT) its decision on a U.S. request to take action against the European Union in a long-running aircraft subsidy dispute.



6 years ago
Surprise drop in U.S. crude stocks lifts oil prices

Surprise drop in U.S. crude stocks lifts oil prices

Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories and offset weak economic readings in the United States that have depressed global stock markets.



6 years ago
Huawei phones lose access to install Google's apps - Bloomberg

Huawei phones lose access to install Google's apps - Bloomberg

Huawei Technologies Co Ltd's newly launched Mate 30 devices have lost their access to manually install Google's Android apps, Bloomberg reported on Tuesday.



6 years ago
Samsung Electronics says it suspended operations at China mobile phone factory

Samsung Electronics says it suspended operations at China mobile phone factory

Samsung Electronics Co Ltd said on Wednesday it suspended production at its mobile phone factory in China at the end of September.



6 years ago
ASOS announces board shake-up

ASOS announces board shake-up

Online fashion retailer ASOS Plc appointed four new independent non-executive directors from several major British companies on Wednesday as it looks to bounce back after a string of profit warnings.



6 years ago
Paddy Power and Poker Stars owners to create online gambling leader

Paddy Power and Poker Stars owners to create online gambling leader

The owners of Paddy Power Betfair and Poker Stars have agreed to merge in an all-share deal that will create the world's largest online betting and gambling company by revenue to take advantage of the opening up of U.S. markets.



6 years ago
Global shares slip to one-month low after U.S. manufacturing shock

Global shares slip to one-month low after U.S. manufacturing shock

Global shares fell to one-month lows on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from the U.S.-China trade war is spreading to the U.S. economy.



6 years ago
Tesco CEO Dave Lewis to step down in 2020

Tesco CEO Dave Lewis to step down in 2020

Tesco , Britain's biggest retailer, said on Wednesday its chief executive Dave Lewis will step down next summer and be succeeded by Ken Murphy, an executive at Walgreens Boots Alliance .



6 years ago
Tesla's China production to start, eyes on mass production timing: sources

Tesla's China production to start, eyes on mass production timing: sources

Tesla Inc's China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said.



6 years ago
Oil prices rise after surprise fall in U.S. crude stocks

Oil prices rise after surprise fall in U.S. crude stocks

Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the United States that have depressed global stock markets.



6 years ago
Credit Suisse says risk calculation, hedging change to reap $250 million

Credit Suisse says risk calculation, hedging change to reap $250 million

Credit Suisse on Wednesday said it expects an estimated $250 million boost in annual profit from higher net interest income it expects to reap by calculating risk-weighted assets in dollars rather than Swiss francs.



6 years ago
UK to fly back another 7,100 people on Wed after Thomas Cook collapse

UK to fly back another 7,100 people on Wed after Thomas Cook collapse

UK's Civil Aviation Authority said 44 flights are scheduled to fly on Wednesday to bring back 7,100 people back to the country, following the collapse of travel firm Thomas Cook.



6 years ago
U.S. panel probing 737 MAX seeks to interview Boeing engineer: Bloomberg

U.S. panel probing 737 MAX seeks to interview Boeing engineer: Bloomberg

A U.S. panel has asked Boeing Co to make a company engineer available for an interview regarding an internal ethics complaint the engineer filed that raised questions about Boeing's safety culture, Bloomberg reported on Wednesday.



6 years ago
U.S. widens trade war with tariffs on European planes, cheese, whisky to punish subsidies

U.S. widens trade war with tariffs on European planes, cheese, whisky to punish subsidies

The United States on Wednesday said it would slap 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies, and cheese from across the continent as punishment for illegal EU aircraft subsidies.



6 years ago