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Latest News on private equity markets

Latitude CEO disappointed KKR pulled IPO due to low price

Private equity giant KKR & Co and its partners canceled what was to be Australia's biggest listing of the year, lender Latitude Financial, because investors would not pay a price that reflected its value, the Latitude CEO said on Wednesday.



6 years ago

Shares of Turkey's Halkbank plunge after U.S. charges

Shares of Turkey's Halkbank plunged as much 7% on Wednesday, despite a ban on short selling, after U.S. prosecutors charged the state-owned lender with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran.



6 years ago

Technical foul: Chinese traders in online sneaker market punish NBA after HK controversy

On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike's Air Jordan sneakers on a U.S.-based exchange after the general manager of the NBA's Houston Rockets tweeted support for the protests in Hong Kong.



6 years ago

Turkey's Halkbank shares fall 7% following U.S. charges

Shares of Turkey's state-owned Halkbank fell more than 7% at the opening of trade on Wednesday after U.S. prosecutors charged the bank with taking part in a scheme to evade U.S. sanctions on Iran.



6 years ago

Huawei's revenue rises 24.4% in first three quarters of 2019

Huawei Technologies Co Ltd, the Chinese technology giant blacklisted by the U.S. government, said revenue grew 24.4% in the first three quarters of 2019 to 610.8 billion yuan ($86 billion).



6 years ago

Undercover entrepreneurs: fearful Mexican tech startups shun spotlight

In Mexico's burgeoning startup scene, publicity is the last thing many entrepreneurs want.



6 years ago

Skoda Auto reports 2.7% drop in deliveries in first nine months

Skoda Auto's global deliveries dropped 2.7% to 913,700 cars in the first nine months compared with the same period last year, the subsidiary of Germany's Volkswagen said on Wednesday.



6 years ago

Signify to buy U.S. firm Cooper Lighting for $1.4 billion

Signify , the Dutch-based lighting company, has agreed to buy U.S. firm Cooper Lighting Solutions from Eaton Corp. for $1.4 billion in cash to boost its presence in North America.



6 years ago

Swiss says Airbus A220 flights resuming as engines pass inspection

Airline Swiss expects to resume mostly normal service with its fleet of Airbus A220 jets on Thursday after temporarily grounding the jets for safety checks of their engines, it said on Wednesday.



6 years ago

EU orders Broadcom to suspend some deals with six modem, tv makers

EU antitrust regulators on Wednesday ordered U.S. chipmaker Broadcom to suspend certain business deals with TV and modem makers while they investigate whether these agreements are aimed at thwarting rivals.



6 years ago

Markets falter as Brexit approaches its endgame

European equities opened lower and sterling came off five-month highs on Wednesday as the European Union and Britain resumed talks in Brussels to avert a disorderly Brexit before an EU summit on Thursday and Friday.



6 years ago

Oil slips further below $59 on weaker economic outlook

Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.



6 years ago

Lidl to spend $19 billion over five years with British suppliers

German-owned discount supermarket Lidl GB has vowed to spend 15 billion pounds ($19 billion) with British suppliers over the next five years, committing to increase sales of local meat, poultry and fresh produce.



6 years ago

CEO of Germany's Ceconomy on way out: sources

The chief executive of struggling German consumer electronics chain Ceconomy is set to be removed after only a few months in the job due to an internal power struggle, sources close to the company said on Wednesday.



6 years ago

Turkey's Halkbank says U.S. charges part of Syria-related sanctions

Turkey's Halkbank said on Wednesday that U.S. charges against it were made as part of sanctions Washington slapped on Ankara over its military operation in Syria, adding they appeared to be largely a repeat of allegations in a similar previous trial.



6 years ago