Latest News on private equities market

ABB's largest shareholder pleased with new CEO appointment

ABB's largest shareholder pleased with new CEO appointment

ABB's largest shareholder Investor AB is pleased with the appointment of Bjorn Rosengren as the new chief executive of the engineering group, the Swedish investment company said on Monday.



7 years ago
Iberdrola to sell 40% stake in UK wind project for 1.6 billion pounds

Iberdrola to sell 40% stake in UK wind project for 1.6 billion pounds

Spanish energy firm Iberdrola has agreed to sell a 40% share in British offshore wind project East Anglia One to the Green Investment Group, it said on Monday.



7 years ago
New ABB CEO is committed to at least five years at company

New ABB CEO is committed to at least five years at company

New ABB Chief Executive Bjorn Rosengren is committed to at least five years with the Swiss engineering group, Chairman Peter Voser said on Monday.



7 years ago
ABB shares jump as new CEO raises turnaround hopes

ABB shares jump as new CEO raises turnaround hopes

ABB shares jumped almost 4% in early Monday trading as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik to be its next chief executive.



7 years ago
Sensor specialist AMS triggers bidding war for Osram

Sensor specialist AMS triggers bidding war for Osram

Shares in Osram soared after Austrian sensor maker AMS triggered a bidding war for the German lighting group, saying it was ready to trump Bain and Carlyle with a cash offer valuing the company at 4.3 billion euros ($4.8 billion).



7 years ago
Austria's AMS aims to wrap up Osram takeover in first half of 2020

Austria's AMS aims to wrap up Osram takeover in first half of 2020

Austrian sensor specialist AMS aims to wrap up its planned takeover of German lighting group Osram in the first half next year, its chief executive said on Monday.



7 years ago
Saudi Aramco's first-half net income falls 12% on lower oil prices

Saudi Aramco's first-half net income falls 12% on lower oil prices

Top oil producer Saudi Aramco maintained its position as the world's most profitable company on Monday even as it reported a 12% drop in first-half net income to $46.9 billion due to lower oil prices.



7 years ago
Asian shares turn lower on Sino-U.S. trade, recession worries

Asian shares turn lower on Sino-U.S. trade, recession worries

Worries that a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession weighed on Asian equities on Monday, offsetting a welcome a lift from Chinese shares and a stronger-than-expected daily fixing for the yuan.



7 years ago
Saudi Aramco's first-half net income falls 12% to $47 billion

Saudi Aramco's first-half net income falls 12% to $47 billion

Saudi Aramco, the world's top oil producer, reported first-half net income of $46.9 billion on Monday, down from $53.02 billion a year earlier.



7 years ago
Oil edges down on lower demand outlook, U.S.-China trade dispute

Oil edges down on lower demand outlook, U.S.-China trade dispute

Oil prices edged lower on Monday amid worries about an economic slowdown and the Sino-U.S. trade war, which have led to a cut in the growth outlook for global oil demand.



7 years ago
Asian shares inch up on China recovery, yuan fixing

Asian shares inch up on China recovery, yuan fixing

Gains by Chinese equities and the yuan's stronger-than-expected daily fixing helped lift a broad gauge of Asian shares above water on Monday, but firm gold prices underscored investor worries over risks from a prolonged Sino-U.S. trade war.



7 years ago
New Regulatory Framework for Canadian Retail Payments Coming in 2019

New Regulatory Framework for Canadian Retail Payments Coming in 2019

Gowling WLG | Jeffrey Roode, Partner | Aug 12, 2019 In its budget released in March, the Canadian federal government confirmed that it plans to introduce legislation in 2019 to implement a new retail payments oversight framework.  It is proposed that the Bank of Canada will would oversee this regulatory framework. This is a significant

7 years ago

Dropping Medicare for your employer's health coverage may trip you up

While you might be able to opt out of the parts of Medicare that come with a premium, the move could affect other areas of your coverage.

7 years ago

Wall Street analysts worry these stocks are caught in the deepening US-China trade war

CNBC combed through Wall Street research to see which stocks would be hurt most by the ongoing US-China trade war.

7 years ago

How much money do you need to retire? Start with $1.7 million

It turns out that there is a magic retirement number. Most Americans believe it is $1.7 million, according to a survey from Charles Schwab. Here's how they can get there.

7 years ago