Latest News on private equities market

Oil prices edge higher as supply cut hopes outweigh coronavirus resurgence fears

Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of concerns that a resurgence of new coronavirus infections around the world could hamper fuel demand.



4 years ago

Exclusive: Tencent aims to become biggest shareholder of video streaming rival iQIYI - sources

Tencent Holdings Ltd aims to become the biggest shareholder in video streaming rival iQIYI Inc , said two people familiar with the matter, to lower costs and counter competition in a sector boosted by stay-at-home virus policies.



4 years ago

Stimulus splurge restarts stocks rally

The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets.



4 years ago

EU antitrust regulators to investigate Apple's App Store, Apple Pay

Apple on Tuesday found itself the target of two EU antitrust investigations into its App Store and Apple Pay as regulators said its terms and conditions and restrictions may violate the bloc's competition rules.



4 years ago

China's factory output perks up but consumers stay cautious

China's factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile.



4 years ago

Exclusive: Mexico's oil hedge to be pricier, but government likely doing it anyway

Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said.



4 years ago

Intesa, BPER revise terms aiming to avert antitrust hurdles to UBI deal

Italian bank Intesa Sanpaolo has increased the number of branches and amount of assets it will sell to rival BPER if its proposed takeover of UBI Banca goes through in an effort to overcome antitrust objections to the deal.



4 years ago

Stocks, oil fall as second wave fears cloud recovery prospects

Asian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data from China also weighed on investor sentiment.



4 years ago

Recovery rally has further to run, so buy stocks: Morgan Stanley

Stock market gains have further to run and investors are still under-pricing the scale of the world's coronavirus recovery, investment bank Morgan Stanley said in an outlook note.



4 years ago

Commerzbank to cut more jobs, branches: board member

Commerzbank will announce "considerably" more branch closures and job cuts when it lays out its strategy review in August, a member of the bank's supervisory board said on Monday.



4 years ago

Analysts' view: Market jitters over second COVID-19 wave are an overdue pullback

A second straight day of record new coronavirus cases in Beijing and a spike in infections across a swathe of the United States has dented investor sentiment and sent stocks sharply lower on Monday.



4 years ago

Oil slumps further amid prospect of resurgence of coronavirus

Oil slumped on Monday, extending last week's losses, as new coronavirus infections hit China, Japan and the United States' increasing concerns that a resurgence of the virus could weigh on the recovery of fuel demand.



4 years ago

BP to take up to $17.5 billion writedown, lowers oil outlook

BP will take a writedown of up to $17.5 billion in its second-quarter earnings after sharply lowering its long-term oil and gas price outlook as it now expects a faster transition away from fossil fuels.



4 years ago

Charging points surge ahead of electric car boom

The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA).



4 years ago

H&M's March-May sales tumble by less than expected 50%

H&M , the world's second-biggest fashion retailer, on Monday reported a sharp but slightly smaller than expected drop in second-quarter sales as measures to slow the COVID-19 pandemic slammed the sector.



4 years ago