Latest News on private equities market

Hyundai Motor halts work at factory after worker tests positive for coronavirus

Hyundai Motor halts work at factory after worker tests positive for coronavirus

Hyundai Motor shut down a factory in South Korea on Friday after a worker tested positive for the new coronavirus, disrupting production of popular models such as Palisade sport utility vehicle.



6 years ago
Uniqlo reopens more China stores, most partner factories restart

Uniqlo reopens more China stores, most partner factories restart

Fast Retailing , which operates casual clothing chain Uniqlo, said on Friday it had reopened more than 100 stores in China in the past week, while 125 remained closed due to the coronavirus outbreak.



6 years ago
Airlines at center of storm as coronavirus spreads

Airlines at center of storm as coronavirus spreads

European airlines stepped up their warnings over the coronavirus outbreak on Friday, with British Airways-owner IAG and Finnair flagging a hit to profits and easyJet reporting a big drop in demand into and out of a virus-affected region in Italy.



6 years ago
British Airways owner says earnings bets are off as coronavirus hits

British Airways owner says earnings bets are off as coronavirus hits

British Airways-owner IAG said on Friday that coronavirus would hit its earnings this year but it wasn't sure by how much, becoming the latest airline to warn about the impact of the rapidly evolving outbreak.



6 years ago
Coronavirus crash wipes $5 trillion off world stocks

Coronavirus crash wipes $5 trillion off world stocks

Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion.



6 years ago
EasyJet to cancel flights as coronavirus hits demand

EasyJet to cancel flights as coronavirus hits demand

British budget airline easyJet said on Friday it would cancel flights and cut costs across its business after the coronavirus outbreak hit demand for travel to Italy and other European markets.



6 years ago
London Stock Exchange on track to close Refinitiv deal as clearing jumps

London Stock Exchange on track to close Refinitiv deal as clearing jumps

- The London Stock Exchange Group said on Friday it would complete its $27 billion takeover of analytics company Refinitiv on time this year as it reported a rise in annual income driven by a jump in clearing activity.



6 years ago
Chinese maker of 'Amazon coat' weathers coronavirus impact with tax breaks, rent waivers

Chinese maker of 'Amazon coat' weathers coronavirus impact with tax breaks, rent waivers

Orolay, the maker of the 'Amazon coat' that became a darling of U.S. fashion and social media a year ago, knows it is luckier than most Chinese small businesses trying to get back on their feet amid huge disruptions caused by the coronavirus epidemic.



6 years ago
ECB's Weidmann: No need for immediate monetary policy action due to coronavirus

ECB's Weidmann: No need for immediate monetary policy action due to coronavirus

There is no need to take immediate monetary policy action due to the coronavirus outbreak, the European Central Bank's Jens Weidmann said on Friday, adding that remaining alert was however warranted.



6 years ago
Investment advisers worry U.S. response to coronavirus is too little too late

Investment advisers worry U.S. response to coronavirus is too little too late

Investment-advisers are increasingly worried that U.S. authorities are not be doing enough to prevent a widespread outbreak of coronavirus in the country, potentially adding further downside to already-battered markets. 



6 years ago
Geneva car show axed as Swiss ban large events to fight virus

Geneva car show axed as Swiss ban large events to fight virus

Switzerland on Friday banned large events expected to draw more than 1,000 people as an extraordinary measure to curb the new coronavirus epidemic, forcing cancellation of the Geneva car show next week.



6 years ago
Geneva car show canceled due to corona woes

Geneva car show canceled due to corona woes

The Geneva car show that was set to begin next week has been canceled, organizers Palexpo said on Friday, blaming Swiss government heath measures designed to contain coronavirus.



6 years ago
Kenya's high court orders suspension of flights from China over coronavirus

Kenya's high court orders suspension of flights from China over coronavirus

Kenya's High Court on Friday ordered flights from China to be temporarily suspended over the coronavirus outbreak, following a petition by the Law Society of Kenya.



6 years ago
Former Barclays executives cleared after Qatar fraud trial

Former Barclays executives cleared after Qatar fraud trial

Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.



6 years ago
Aramco secures unconditional EU okay for $69 billion SABIC deal

Aramco secures unconditional EU okay for $69 billion SABIC deal

World No. 1 oil producer Saudi Aramco has gained unconditional EU antitrust approval for its $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), according to an EU filing.



6 years ago