Latest News on private equities market

Trump says China should treat Hong Kong 'humanely' before trade deal can be agreed

Trump says China should treat Hong Kong 'humanely' before trade deal can be agreed

President Donald Trump said on Wednesday that China wants to make a trade deal but it should treat Hong Kong "humanely" first.



7 years ago
Asian stocks cheer Trump's delay of some China tariffs

Asian stocks cheer Trump's delay of some China tariffs

Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil.



7 years ago
Fidelity Investments wins court battle with IRS over coal tax credits

Fidelity Investments wins court battle with IRS over coal tax credits

Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal.



7 years ago
Novartis replaces top scientists at Avexis after drug data manipulated

Novartis replaces top scientists at Avexis after drug data manipulated

Novartis AG said on Wednesday it replaced the two top research and development executives at its Avexis unit after some data was manipulated from early testing of a gene therapy for infants that costs more than $2 million.



7 years ago
Buffett's Berkshire boosts Amazon.com bet, attracts Ackman

Buffett's Berkshire boosts Amazon.com bet, attracts Ackman

Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs.



7 years ago

Warren Buffett's Berkshire Hathaway raises Amazon stake by 11%, now worth $947 million

Warren Buffett's Berkshire Hathaway revealed an increased Amazon stake in a government filing Wednesday.

7 years ago
StanChart eyes $100 billion private bank assets in growth push, to hire bankers

StanChart eyes $100 billion private bank assets in growth push, to hire bankers

Standard Chartered is targeting growing its private banking assets by 50% to about $100 billion in three to five years and hire dozens of bankers in Hong Kong and Singapore toward that goal, a senior executive of the lender said.



7 years ago
Dow posts biggest one-day drop since October as recession fears take hold

Dow posts biggest one-day drop since October as recession fears take hold

Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.



7 years ago
Stocks, oil plunge on growing signs of global slowdown

Stocks, oil plunge on growing signs of global slowdown

Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany's economy in contraction and China's worsening.



7 years ago

Global firms are sounding the alarm as Hong Kong protests deal "serious blow" to the city's outlook

Two months of protests in Hong Kong are starting to take a toll on some of the largest global companies, adding to a host of geopolitical concerns as the U.S.-China trade war drags on.

7 years ago
Ackman's Pershing Square makes new investment in Berkshire Hathaway

Ackman's Pershing Square makes new investment in Berkshire Hathaway

Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett's Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.



7 years ago
GE secures four-year labor deal with unions for 6,600 workers

GE secures four-year labor deal with unions for 6,600 workers

General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday.



7 years ago
Oil drops 3% on weak global economic data, U.S. crude stocks build

Oil drops 3% on weak global economic data, U.S. crude stocks build

Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.



7 years ago
U.S. curve inverts for first time in 12 years; 30-year yield tumbles

U.S. curve inverts for first time in 12 years; 30-year yield tumbles

The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world's biggest economy could be heading for recession.



7 years ago

The IRS will waive this 2018 tax penalty for more than 400,000 filers

The IRS will automatically waive a tax underpayment penalty for a handful of 2018 filers. How to find out if you're affected.

7 years ago