Latest News on private equities market

Exclusive: EU has concerns about Fiat, PSA deal, may need concessions - sources

EU antitrust regulators are concerned about Fiat Chrysler and Peugeot car maker PSA's combined high market share in small vans and may require concessions to clear their $50 billion merger, people familiar with the matter said.



4 years ago

Scarred and scared: post-Covid consumers not their old selves

Michael Clark of Amy's Housewares has one big fear as its London stores prepare to reopen on June 15 along with other retailers around Britain: "Customers not spending, having no trust in the economy."



4 years ago

Tesla China sold 11,095 Model 3 vehicles in May, triple April's volume: CPCA

U.S. electric vehicle maker Tesla Inc sold 11,095 Shanghai-made Model 3 vehicles in China in May, more than triple the volume seen in April, according to the China Passenger Car Association (CPCA).



4 years ago

EasyJet CEO warns UK quarantine could lead to more job losses

EasyJet could have to make further job cuts if the government's quarantine policy continues for a long period, the airline's chief executive warned.



4 years ago

Factbox: Who's bidding to be next World Trade Organization chief?

The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil's Roberto Azevedo, who is stepping down a year early at the end of August.



4 years ago

Galeries Lafayette's Champs Elysees store struggles as group faces $1 billion hit: CEO

Galeries Lafayette's [GALP.UL] new outlet on the Champs Elysees is struggling because people are staying away from the famous Paris boulevard due to COVID-19, according to its CEO, who said the crisis would hit the group to the tune of 1 billion euros.



4 years ago

Futures rise on optimism over economic revival

U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world's biggest economy has weathered the worst fallout of the coronavirus outbreak.



4 years ago

PG&E plans $5.75 bln equity raise to fund bankruptcy exit

California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.



4 years ago

EasyJet CEO says legal case against UK quarantine is strong

Britain's quarantine plan was rushed into existence, is out of proportion and should be challenged in the courts, according to the head of easyJet which has joined rivals in threatening legal proceedings.



4 years ago

Stocks inch up on quick economic revival hopes

World stocks inched higher on Monday, adding to a 42% surge from their March lows, as a surprise jump in last week's U.S. employment data fuelled hopes of a quicker global economic recovery from the coronavirus pandemic.



4 years ago

U.S. Fed's Main Street lending facility likely to start with a whimper

The Federal Reserve's most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small and mid-sized businesses the $600 billion "Main Street Lending Facility" is meant to help will come clamoring for loans.



4 years ago

Morgan Stanley flags risk oil price rally will lead to a fall

Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months.



4 years ago

Exclusive: BP to cut 15% of workforce - sources

BP plans to cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney's plan to shift the oil and gas major to renewable energy, company sources told Reuters on Monday.



4 years ago

Austria strikes 450 million eur bailout deal for Lufthansa unit: sources

Austria has agreed to a smaller-than-expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar with the matter said on Monday.



4 years ago

Ryanair boss sees UK quarantine dropped or quashed by end-June

Ryanair believes Britain's courts will either strike down a 14-day quarantine for international travellers this week or the government will drop the measure before the end of June, boss Michael O'Leary told Reuters on Monday.



4 years ago