Latest News on private equities market

Major grain traders face one-two punch from U.S. floods, trade war

Major grain traders face one-two punch from U.S. floods, trade war

Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said.



7 years ago

Powell says Facebook's Libra cryptocurrency raises 'serious concerns' including money laundering

Federal Reserve Chairman Jerome Powell says Facebook's cryptocurrency project raises serious concerns.

7 years ago

Fed Chief Powell says he would not resign if asked by President Trump

Federal Reserve Chair Jerome Powell said Wednesday he would not resign if President Donald Trump asked him to.

7 years ago

Powell says the strong June jobs report did not change the Federal Reserve outlook

Federal Reserve Chairman Jerome Powell was asked by Congress on Wednesday whether the recent strong U.S. jobs report changed his perspective on reducing federal interest rates.

7 years ago
Legal expert Dagmar Valcarcel to join Deutsche Bank's supervisory board: report

Legal expert Dagmar Valcarcel to join Deutsche Bank's supervisory board: report

Dagmar Valcarcel, a legal expert, will join Deutsche Bank's supervisory board, German newspaper Handelsblatt said on Wednesday without naming its sources.



7 years ago
Skeptical Deutsche Bank investors to grill Sewing on revamp roadshow

Skeptical Deutsche Bank investors to grill Sewing on revamp roadshow

Deutsche Bank shareholders will quiz Chief Executive Christian Sewing on how he plans to deliver on revenue growth targets during a global roadshow to win their backing for a 7.4 billion euro ($8.4 billion) 'reinvention' of the lender.



7 years ago
Oil jumps 3% on U.S. crude stocks draw, Gulf of Mexico storm

Oil jumps 3% on U.S. crude stocks draw, Gulf of Mexico storm

Oil prices jumped 3% on Wednesday after U.S. crude inventories shrank more than expected and as major producers evacuated rigs in the Gulf of Mexico ahead of an expected storm.



7 years ago
Facebook currency project 'cannot go forward' until concerns addressed: Powell

Facebook currency project 'cannot go forward' until concerns addressed: Powell

U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed.



7 years ago

Tesla shares rise on report that the company is preparing to increase production in California

Tesla shares rose in premarket trading on Wednesday after a report that the electric automaker will raise output at its factory in California.

7 years ago
Futures slip ahead of Powell's testimony

Futures slip ahead of Powell's testimony

U.S. stock futures fell on Wednesday, as investors eyed Federal Reserve Chairman Jerome Powell's remarks later in the day for clues on the central bank's interest rate policy direction.



7 years ago
Amazon customer helpline not required, says Europe's top court in boost for e-commerce

Amazon customer helpline not required, says Europe's top court in boost for e-commerce

U.S. online retailer Amazon does not have to provide a helpline phone number to consumers, Europe's top court said on Wednesday in a ruling that could boost e-commerce merchants.



7 years ago
Oil gains on API stockdraw, Gulf of Mexico storm

Oil gains on API stockdraw, Gulf of Mexico storm

Oil prices rose around 2% on Wednesday after industry data showed U.S. inventories fell more than expected, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a storm.



7 years ago
Aggressive U.S. energy policy tests ties with European allies

Aggressive U.S. energy policy tests ties with European allies

For the administration of President Donald Trump, a policy of "energy dominance" means reducing dependence on imported oil and promoting exports to boost the national economy and Washington's political influence overseas.



7 years ago
Euro zone growth, inflation outlook cut as risks from U.S. trade grow

Euro zone growth, inflation outlook cut as risks from U.S. trade grow

The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a major risk to the bloc.



7 years ago
Japan curbs could drag on, hurt global economy: Moon

Japan curbs could drag on, hurt global economy: Moon

Japan's export curbs on key materials used by South Korean tech companies could drag on despite diplomatic efforts to end the dispute, South Korea's president said on Wednesday, pledging to help firms to reduce their reliance on Japanese suppliers.



7 years ago