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Latest News on private equity markets

6 years ago

Facebook's ambitious cryptocurrency plan is met by a wall of regulatory and data concerns

Global watchdogs and congressional leaders are calling for oversight of a digital asset being launched by Facebook and other tech companies.

6 years ago

Sullenberger tells Congress 737 MAX pilots should get new simulator training

Chesley "Sully" Sullenberger, who in 2009 landed a U.S. Airways flight safely on the Hudson River in New York, told a congressional panel on Wednesday that pilots of the now-grounded 737 MAX should get new simulator training before the plane returns to service.



6 years ago

Airbus fights back with big name buyers after Boeing showstopper

Airbus sealed plane deals with industry heavyweights Bill Franke and American Airlines on Wednesday, bouncing back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing's grounded 737 MAX jet.



6 years ago

KLM signs preliminary deal for 15 Embraer E195-E2 planes

Brazilian planemaker Embraer SA said on Wednesday that Dutch airline KLM had signed a letter of intent to buy 15 of its E195-E2 planes and taken out options to potentially buy another 20.



6 years ago

Renault CEO Bollore has no plans to reduce Nissan stake

Cutting its stake in alliance partner Nissan is not on Renault's agenda, the French carmaker's chief executive Thierry Bollore said on Wednesday after a global vehicle launch in New Delhi.



6 years ago

Sanofi plans 466 job cuts as part of R&D reshuffle

Sanofi on Wednesday said a reorganization of its research and development operation in Germany and France would result in 466 job cuts in the two countries.



6 years ago

Deutsche Bank seeks to shed risky assets as part of overhaul: sources

Deutsche Bank is aiming to cut up to a quarter of its riskiest assets in the next few years, people familiar with the matter said, shedding more light on how the German lender is trying to overhaul its business and revive profitability.



6 years ago

U.S. trade chief expects to meet China's vice premier ahead of G20

The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.



6 years ago

Explainer: Will China dump U.S. bonds as a trade weapon? Not so fast

The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in retaliation for the tariffs the Trump administration has imposed on Chinese imports.



6 years ago

Wall St. pauses with Fed meeting in focus

Wall Street's main indexes were flat on Wednesday, as investors refrained from taking positions ahead of the Federal Reserve's policy statement that is expected to open the door to future interest rate cuts.



6 years ago

Loonie rallies as hotter inflation clips rate cut bets

The Canadian dollar strengthened to a five-day high against its U.S. counterpart on Wednesday, as investors reduced bets on a Bank of Canada interest rate cut this year after domestic data showing greater-than-expected inflation.



6 years ago

Southwest pilots to seek Boeing compensation for subpoena expenses

Southwest Airlines Pilots Association (SWAPA) plans to seek compensation from Boeing Co for "every dollar" of money spent cooperating with the U.S. Justice Department's criminal probe into two 737 MAX crashes, its president said in a letter to pilots.



6 years ago

Explainer: Who pays Trump's tariffs, China or U.S. customers and companies?

U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.



6 years ago

Barclays names Gruber as chemicals head for Europe and Middle East: source

Barclays has named Gabriel Gruber as the new head of its chemicals banking team for Europe and the Middle East as it seeks to win more business after advising the likes of Evonik on their recent disposals, a source familiar with the matter said.



6 years ago