Latest News on private equities market

Brokerage Charles Schwab closing Singapore office two years after launch

Discount brokerage company Charles Schwab Corp will close its Singapore office by the end of this year, only about two years after opening it in late 2017.



6 years ago
6 years ago

Sony appeals to film lovers with slimline Xperia 5 smartphone

Sony launched the Xperia 5, a slimline version of its flagship smartphone, at the IFA consumer electronics fair in Berlin on Thursday as it seeks to strengthen its appeal to its niche audience of video, film and music lovers.



6 years ago

Vuitton to hire more French handbag makers as Chinese sales boom

LVMH's Louis Vuitton brand will hire another 1,500 manufacturing staff in France by 2022, as it expands production to meet strong demand in markets like China.



6 years ago

Wall Street opens higher on easing trade tensions

U.S. stocks opened higher for a second straight session on Thursday as Washington and Beijing agreed to hold high-level talks next month, raising hopes of a de-escalation in trade tensions.



6 years ago

WeWork seeks $20 billion-$30 billion in IPO valuation: Bloomberg

WeWork owner The We Company is targeting an initial stock market valuation of less than half of estimates from earlier this year, according to a report on Thursday, another sign of growing skepticism among investors about big but unprofitable technology names.



6 years ago

U.S. private payrolls accelerate; weekly jobless claims rise

U.S. private employers boosted hiring in August, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.



6 years ago

Mark Mobius warns bitcoin is not bulletproof: 'Anything that's created by man can be broken into'

Investor Mark Mobius raises concerns about blockchain, which is the technology that underpins cryptocurrencies like bitcoin.

6 years ago

Facebook launches dating service in United States

Facebook Inc is launching its dating services in the United States, the social network said on Thursday, sending its shares up 2%.



6 years ago

Slack shares tumble after dismal forecast

Shares of Slack Technologies Inc tumbled 14%, wiping out nearly all their gains since the company's listing in July, after the workplace messaging firm warned of slower revenue growth amid intensifying competition.



6 years ago

GM will use Google to power future infotainment systems

General Motors Co will use embedded Google technology to power navigation, voice activated controls and other vehicle infotainment functions starting in 2021, in a win for Alphabet Inc in the race with Amazon.com and other technology companies to control dashboards.



6 years ago

Wall St. gains on easing trade tensions, strong ADP jobs data

U.S. stocks rose on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while data showing strong job addition in the private sector allayed some slowdown concerns.



6 years ago

Exclusive: Exxon agrees to sell Norway oil and gas assets for $4 billion - sources

Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, in a move that marks the U.S. firm's exit from production in the country where it has operated for more than a century, three sources familiar with the matter said on Thursday.



6 years ago

Millennials are drinking more because they're having kids, Constellation Brands executive says

Beer and wine producer Constellation Brands is seeing an uptick in the millennial generation's consumption of alcohol.

6 years ago

NFL football season starts as more states offer legal sports betting. How your winnings are taxed

More than a dozen states allow sports betting, which means your win could be subject to taxes even before it reaches you, depending on how big it is.

6 years ago