Latest News on private equities market

Amazon starts hiring own drivers in German last-mile delivery push

Amazon starts hiring own drivers in German last-mile delivery push

Amazon has begun hiring its own drivers in Germany and plans to open 11 more distribution centers to expand its delivery business in its second biggest market, the firm's German logistics chief said in an interview.



7 years ago
U.S. weighing best response to Saudi oil attacks: Pence

U.S. weighing best response to Saudi oil attacks: Pence

U.S. Vice President Mike Pence said on Tuesday the United States was reviewing evidence that suggests Iran was behind the attacks on Saudi oil facilities and stands ready to defend its interests and allies in the Middle East.



7 years ago
Total CEO: Attack on Saudi oil facilities will have consequences

Total CEO: Attack on Saudi oil facilities will have consequences

Total CEO Patrick Pouyanne said on Tuesday last weekend's attacks on Saudi oil production facilities will have consequences, adding that he feared the situation in the Middle East might deteriorate further.



7 years ago
Battered Saudi oil output to recover in two or three weeks: sources

Battered Saudi oil output to recover in two or three weeks: sources

Saudi Arabia sought to calm markets on Tuesday after an unprecedented attack on its oil facilities, with sources saying output was recovering much more quickly than initially forecast and could be fully back in two or three weeks.



7 years ago
Oil plummets 5% as Saudi output seen returning soon after attacks

Oil plummets 5% as Saudi output seen returning soon after attacks

Oil prices dropped nearly 5% on Tuesday after a top Saudi Arabian source told Reuters that production could be fully back on line within weeks, quicker than initially thought following weekend attacks that halved the kingdom's output.



7 years ago
Saudi's Aramco allows employees to enter Abqaiq compound: Al Arabiya

Saudi's Aramco allows employees to enter Abqaiq compound: Al Arabiya

Saudi Arabia's state oil giant Aramco allowed employees to enter Abqaiq compound for the first time since the Saturday attack, State-owned Al Arabiya reported on Tuesday citing its own sources.



7 years ago
Wall Street subdued as focus shifts to Fed

Wall Street subdued as focus shifts to Fed

U.S. stocks were little changed on Tuesday as investors moved to the sidelines ahead of the Federal Reserve's two-day policy meeting, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded.



7 years ago
U.S. 'falling behind' in global race to develop electric vehicle supply chain

U.S. 'falling behind' in global race to develop electric vehicle supply chain

The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday.



7 years ago
U.S. banking regulator proposes easing post-crisis derivatives rules for big banks

U.S. banking regulator proposes easing post-crisis derivatives rules for big banks

A U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on how much cash big banks should set aside to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the Trump administration.



7 years ago
Saudi energy minister says no urgent OPEC meeting: Al Arabiya TV

Saudi energy minister says no urgent OPEC meeting: Al Arabiya TV

There will be no urgent OPEC meeting, the‮ ‬Saudi energy minister Prince Abdulaziz bin Salman said, Al Arabiya television reported on Tuesday after the weekend attacks on its facilities.



7 years ago
U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers

U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers

U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers, raising concerns about the potential harm to customers.



7 years ago
Costly Saudi defenses prove no match for drones, cruise missiles

Costly Saudi defenses prove no match for drones, cruise missiles

Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry.



7 years ago
Saudi Arabia to restore oil output fully by end of September: energy minister

Saudi Arabia to restore oil output fully by end of September: energy minister

Saudi Arabia will restore its lost oil output of 5.7 million barrels per day (bpd) by the end of September and has managed to recover oil supplies to the levels they were at prior to weekend attacks on its facilities by drawing from oil inventories.



7 years ago
Pence upbeat that Congress will pass USMCA trade deal this year

Pence upbeat that Congress will pass USMCA trade deal this year

U.S. Vice President Mike Pence on Tuesday said he believed Congress would act to pass a new U.S.-Mexico-Canada free trade agreement this year, providing important momentum for the U.S. economy.



7 years ago
Head of Russian shipping giant Sovcomflot to step down -deputy PM's office

Head of Russian shipping giant Sovcomflot to step down -deputy PM's office

The chief executive of Russian state-controlled shipping giant Sovcomflot, Sergei Frank, will step down after 15 years in office, the office of Deputy Prime Minister Maxim Akimov said in a statement on Tuesday.



7 years ago