Latest News on private equities market

Explainer: U.S. branding of China as currency manipulator offers few new remedies

Explainer: U.S. branding of China as currency manipulator offers few new remedies

Formally declaring China a currency manipulator may scratch a long-term itch for U.S. President Donald Trump, but the move provides few new tools that have not already been employed in two years of trade negotiations with Beijing.



7 years ago
New Media to buy Gannett for $1.4 billion, creating biggest U.S. newspaper publisher

New Media to buy Gannett for $1.4 billion, creating biggest U.S. newspaper publisher

Local media company New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, creating the biggest newspaper owner in the United States as publishers struggle with readers shifting to online sources for news.



7 years ago
Sports Direct buys fashion retailer Jack Wills for 12.75 million pounds

Sports Direct buys fashion retailer Jack Wills for 12.75 million pounds

Britain's Sports Direct International Plc has bought clothing retailer Jack Wills for 12.75 million pounds ($15.51 million), the Mike Ashley-led company said on Monday.



7 years ago
Walmart says no change in company firearms sales policy since El Paso shooting

Walmart says no change in company firearms sales policy since El Paso shooting

Walmart Inc , the largest firearms retailer in the country, said on Monday there has been no change in company policy on firearms sales after two mass shootings over the weekend.



7 years ago
Trade worries sink stocks as yuan slides to a decade low

Trade worries sink stocks as yuan slides to a decade low

Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies.



7 years ago
Stocks sink on trade fears as yuan slumps to a decade low

Stocks sink on trade fears as yuan slumps to a decade low

Stock markets around the world fell hard and the Chinese yuan weakened to an 11-year low on Monday as fears of an escalation in the U.S.-China trade war jolted financial markets.



7 years ago
Tyson Foods hits record high after beating estimates, prepares for China profit boost

Tyson Foods hits record high after beating estimates, prepares for China profit boost

Tyson Foods Inc reported better-than-expected quarterly earnings on Monday and reaffirmed expectations it will profit from the spread of a fatal hog disease in China, sending shares to a record high.



7 years ago
Wall Street sinks as yuan slide intensifies trade angst, Dow loses 700 points

Wall Street sinks as yuan slide intensifies trade angst, Dow loses 700 points

The Dow Jones Industrial Average tumbled more than 700 points in a global selloff on Monday, triggered by China's willingness to let the yuan slide in response to the latest U.S. threats on trade.



7 years ago
Global stocks deepen losses as U.S. brands China currency manipulator

Global stocks deepen losses as U.S. brands China currency manipulator

Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.



7 years ago
Stocks deepen losses as U.S. puts yuan in trade war crosshairs

Stocks deepen losses as U.S. puts yuan in trade war crosshairs

Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.



7 years ago
With China a 'manipulator,' heightened pressure on Fed to ease

With China a 'manipulator,' heightened pressure on Fed to ease

Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of "simmering" trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.



7 years ago
HSBC axes CEO Flint after only 18 months in role to speed up growth

HSBC axes CEO Flint after only 18 months in role to speed up growth

HSBC ousted Chief Executive Officer John Flint after just 18 months in that role, in a surprise move that the lender's chairman said was necessary to accelerate progress of its strategic priorities.



7 years ago
Offshore yuan hits record low after U.S. brands China a currency manipulator

Offshore yuan hits record low after U.S. brands China a currency manipulator

China's offshore yuan hit a record low on Tuesday, fuelling fresh selling in global financial markets, after the United States branded Beijing a "currency manipulator" in a rapidly escalating trade war between the world's two biggest economies.



7 years ago
Ackman's Pershing Square exited ADP and United Tech investments: source

Ackman's Pershing Square exited ADP and United Tech investments: source

William Ackman's Pershing Square Capital Management has sold its positions in Automatic Data Processing Inc and United Technologies Corp and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday.



7 years ago
Asset managers farm out trading as costs and complexity climb

Asset managers farm out trading as costs and complexity climb

It's 10 o'clock at night, and Benjamin Arnold's day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from his small office thousands of miles away in Park City, Utah.



7 years ago