Latest News on private equity markets

Brexit's back: double-whammy for sterling after virus shock

Shoved aside by the coronavirus pandemic, Brexit is set to work its way into the headlines again as a June deadline for extending Britain's 11-month transition period turns currency traders' focus - and selling pressure - back to the pound.



5 years ago

Futures bounce after two days of oil-led rout

U.S. stock index futures rebounded on Wednesday as upbeat quarterly earnings reports lifted investor sentiment following a two-day selloff due to a record crash in oil prices, even as companies warned of more pain in the coming months.



5 years ago

Toyota's South African unit sees 15-20% hit to production due to virus

The South African unit of Toyota could see its production drop by around 15-20% in 2020, its president and CEO Andrew Kirby said on Wednesday.



5 years ago

Safe as houses? Trading from home tests bank defences during crisis

Trading worth billions of dollars has shifted to kitchen tables or bedrooms as traders work through the coronavirus crisis from home, testing patchy fixes to make sure they stick to the rules.



5 years ago

Airports of Thailand expects passengers to decline by more than 50%

State-owned Airports of Thailand Pcl said on Wednesday it expects the number of passengers passing through its airports to decline by 53% this year due to the outbreak of the new coronavirus.



5 years ago

Fast Retailing CEO criticises Japan's lack of virus tests: report

The head of Fast Retailing Co , owner of fashion chain Uniqlo, criticised Japan's lack of coronavirus testing in a media interview, joining a chorus of executives questioning Prime Minister Shinzo Abe's handling of the coronavirus crisis.



5 years ago

'A disaster': Roche CEO's verdict on some COVID-19 antibody tests

Some blood tests being marketed to tell people if they have had the new coronavirus are a "disaster", Roche Chief Executive Severin Schwan said on Wednesday as he prepares to launch the drugmaker's own antibody test next month.



5 years ago

Exxon Mobil starts building $10 billion China petrochemical complex: Xinhua

Exxon Mobil Corp kicked off construction on Wednesday of its $10 billion petrochemical complex in south Chinese city Huizhou, state news agency Xinhua reported.



5 years ago

Kimberly-Clark's tissue sales surge 13%, suspends annual forecast

Kimberly-Clark Corp on Wednesday suspended its forecast for the year and said sales of tissue rose 13% in the first quarter as consumers stocked up in preparation for the coronavirus pandemic.



5 years ago

Baker Hughes quarterly adjusted profit falls 8%

Oilfield services provider Baker Hughes Co reported an 8% fall in first-quarter adjusted profit on Wednesday and booked over $16 billion in impairment and restructuring charges.



5 years ago

Canada's Rogers withdraws 2020 outlook as coronavirus crisis deepens

Canada's Rogers Communications Inc on Wednesday pulled its 2020 forecast due to uncertain economic conditions as a result of the coronavirus outbreak.



5 years ago

'Historic' trading volumes drive Nasdaq's profit higher

Transatlantic exchange operator Nasdaq Inc reported a 23% rise in adjusted quarterly profit on Wednesday, benefiting from the coronavirus-fueled market volatility that led to a surge in trading volumes in March.



5 years ago

American quandary: how to secure weapons-grade minerals without China

The United States wants to curb its reliance on China for specialized minerals used to make weapons and high-tech equipment, but it faces a Catch-22.



5 years ago

Oil pinballs off 1999 lows, stocks clamber higher

Oil took markets on another rollercoaster ride on Wednesday as Brent somehow managed to reverse an early 12% crash to 1999 lows and give battered petrocurrencies and stock markets something buoyant to climb on.



5 years ago

Brazil's Rio at mercy of Pimco, Dodge & Cox as oil cash dries up

Already grappling with one of Brazil's most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox.



5 years ago