Latest News on private equity markets

Greensill drops libel suit against Reuters over bond story

Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement to market participants in 2018.



5 years ago

Euro rallies on EU recovery fund proposals, yuan falls

The euro headed towards a two-month high on Wednesday after the European Commission proposed a coronavirus economic recovery package worth in total 1.85 trillion euros ($2.04 trillion).



5 years ago

Stocks, euro rise on massive EU stimulus plan

World shares surged on Wednesday as reports of a European Union rescue fund helped offset concerns about unrest in Hong Kong over Beijing's proposed national security laws.



5 years ago

Why U.S. energy CEOs will get big payouts despite oil meltdown

National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.



5 years ago

U.S. mortgage applications rise for sixth straight week

U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy's recovery from the novel coronavirus crisis even as high unemployment is expected to linger.



5 years ago

Wall Street set for higher open as recovery hopes outweigh Sino-U.S.tensions

Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic recovery, eclipsing concerns over simmering tensions between the United States and China.



5 years ago

A growing number of colleges could close for good post-pandemic

As the spring semester comes and goes, the future looks even more uncertain for colleges and universities across the country.

5 years ago

Ralph Lauren posts bigger-than-expected loss as lockdowns hammer sales

Ralph Lauren Corp posted a bigger-than-expected quarterly loss on Wednesday as stores across the world that sell its jackets, coats and Polo shirts were forced to close due to the COVID-19 pandemic.



5 years ago

What to do when you're a few years away from retirement and a global pandemic hits

When retirement looms but a global pandemic causes havoc, here's how you can secure future plans.

5 years ago

Trump threatens to shutter social media companies after Twitter warning

U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter Inc for the first time added a warning to some of his tweets prompting readers to fact check the president's claims.



5 years ago

Americas will be hardest hit by COVID-19 job losses :ILO

The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said on Wednesday.



5 years ago

Op-ed: People can change their minds, which is one big reason behind the market's recovery

Pundits have railed against moving into equities too quickly, believing that consumers will remain reluctant to venture out for months, but the market may have discounted those sentiments.

5 years ago

Wall Street opens higher on recovery optimism

U.S. stock indexes gained at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, while investors remained cautious about brewing U.S.-China tensions.



5 years ago

Lufthansa supervisory board postpones approval of bailout package

Lufthansa's supervisory board postponed approval of a 9 billion euro ($9.90 billion) bailout in light of conditions imposed by the European Union, the German airline group said on Wednesday.



5 years ago

Here's what to do when you are close to retirement and a global pandemic hits

When retirement looms but a global pandemic causes havoc, here's how you can secure future plans.

5 years ago