Latest News on private equities market

IMF's Lagarde highlights potential disruptive nature of fintech

IMF's Lagarde highlights potential disruptive nature of fintech

International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world's financial system.



7 years ago
Judge rules against FERC's jurisdiction over PG&E power contract dispute

Judge rules against FERC's jurisdiction over PG&E power contract dispute

A judge in San Francisco has ruled that the Federal Energy Regulatory Commission has no jurisdiction over a dispute involving PG&E Corp's $42 billion worth of contracts with energy companies.



7 years ago
Iran has no plans to leave OPEC despite tensions: oil minister

Iran has no plans to leave OPEC despite tensions: oil minister

Iran has no plans to leave the Organization of the Petroleum Exporting Countries despite being treated like an enemy by some fellow members, Oil Minister Bijan Zanganeh said in an interview published on Saturday.



7 years ago
Trump suspends tariffs on Mexico after deal on immigration reached

Trump suspends tariffs on Mexico after deal on immigration reached

U.S. President Donald Trump said on Friday that he has indefinitely suspended the threat of tariffs against Mexico after reaching "a signed agreement" on immigration.



7 years ago
Trump says Mexico reaches deal with U.S. on migration, averting tariff war

Trump says Mexico reaches deal with U.S. on migration, averting tariff war

U.S. President Donald Trump said on Friday Mexico's government had reached a deal with the United States to avert a tariff war by pledging to take "strong measures" to contain migration of mostly Central Americans crossing the southern U.S. border.



7 years ago

Someone hit the $530 million Mega Millions jackpot. Here's how winners can protect their privacy

A single ticket sold in California — which does not allow winners to remain anonymous — matched all six numbers in Friday night's drawing.

7 years ago

An IPO could make these workers wealthy – or leave them holding nothing

Not all start-ups grow up to be Facebook. For the lucky few that do, their employees might have access to a small fortune: stock options. Here's what you should know.

7 years ago
Oil rises nearly 3% as Saudi signals OPEC deal extension, stocks rally

Oil rises nearly 3% as Saudi signals OPEC deal extension, stocks rally

Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut beyond June and as Wall Street rallied.



7 years ago
FedEx Express cuts ties with Amazon for domestic contract

FedEx Express cuts ties with Amazon for domestic contract

FedEx Corp said on Friday it has decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express.



7 years ago
Global stocks rally, and yields, dollar fall; data fans rate cut talk

Global stocks rally, and yields, dollar fall; data fans rate cut talk

Major world stock indexes jumped and U.S. Treasury yields tumbled on Friday after a slowdown in U.S. job growth fueled hopes of a U.S. interest rate cut, while Washington's move to delay tariffs on Chinese goods added to equity market optimism.



7 years ago
Weak U.S. employment report raises red flag on economy

Weak U.S. employment report raises red flag on economy

U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year.



7 years ago
Wells Fargo will pay customers $386 million over unwanted auto insurance

Wells Fargo will pay customers $386 million over unwanted auto insurance

Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans.



7 years ago
Boeing delayed fix of defective 737 MAX warning light for three years: U.S. lawmakers

Boeing delayed fix of defective 737 MAX warning light for three years: U.S. lawmakers

Boeing Co learned that a cockpit warning light on its 737 MAX jetliner was defective in 2017 but decided to defer fixing it until 2020, U.S. lawmakers said on Friday.



7 years ago
UBS switches stance with plan to offer $113 million tax settlement in Italy

UBS switches stance with plan to offer $113 million tax settlement in Italy

UBS looks set to agree a 100 million euro ($113 million) settlement of a money laundering and tax case in Italy within the next few weeks, according to people familiar with the matter, in contrast to a similar case in France.



7 years ago
Trump sees 'good chance' of Mexico migration deal as clock ticks down to tariffs

Trump sees 'good chance' of Mexico migration deal as clock ticks down to tariffs

U.S. President Donald Trump said on Friday there was a "good chance" that the United States would be able to reach a deal with Mexico over migration, although his administration was still pushing ahead with a plan to slap import tariffs on its southern neighbor next week.



7 years ago