Latest News on private equities market

Siemens Gamesa CEO says company acted fast to prevent new project delays

Siemens Gamesa CEO says company acted fast to prevent new project delays

Siemens Gamesa Chief Executive Marcus Tacke said on Tuesday the wind turbine maker had acted quickly to make sure the impact of project delays that dragged it to a loss at the beginning of the year would not happen again.



6 years ago
Oil prices rebound, fueled by hopes for OPEC+ supply cuts

Oil prices rebound, fueled by hopes for OPEC+ supply cuts

Oil prices clawed back ground on Tuesday, rising as much as 1% after the previous session's slump, amid hopes for new output curbs from OPEC and its allies to offset any drop in fuel demand that might be triggered by China's coronavirus outbreak.



6 years ago
Sharp's third-quarter profit up 38.5%, above estimates

Sharp's third-quarter profit up 38.5%, above estimates

Japan's Sharp Corp on Tuesday reported a 38.5% increase in third-quarter operating profit thanks to gains at its smart appliance division and cost reduction efforts.



6 years ago
France's Sanofi under investigation in Depakine birth defects case

France's Sanofi under investigation in Depakine birth defects case

French healthcare company Sanofi said it had been put under investigation over a legal case relating to Depakine, a medication known to have caused birth malfunctions and slow neurological development after being taken during pregnancy.



6 years ago
MUFG posts third-quarter net loss due to one-time charge on Indonesian unit, cuts outlook

MUFG posts third-quarter net loss due to one-time charge on Indonesian unit, cuts outlook

Mitsubishi UFJ Financial Group Inc (MUFG) , Japan's largest lender by assets, on Tuesday posted 25.7 billion yen ($236 million) net loss in the third quarter, as its banking unit booked a one-off charge on an Indonesian subsidiary.



6 years ago
Jewelry maker Pandora sees sales decline in 2020

Jewelry maker Pandora sees sales decline in 2020

Danish jewelry maker Pandora , which is struggling to revive its brand amid sluggish sales, said on Tuesday it had seen an improvement in the fourth quarter but that it would not return to sales growth this year.



6 years ago
BP boosts dividend despite profit fall as CEO Dudley bows out

BP boosts dividend despite profit fall as CEO Dudley bows out

BP on Tuesday raised its dividend and announced the completion of a $1.5 billion share buyback program in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley.



6 years ago
Glencore fourth-quarter down in most metals but 2020 targets unchanged

Glencore fourth-quarter down in most metals but 2020 targets unchanged

Glencore posted a 6% fall in fourth-quarter copper production and a 13% decline in cobalt as the miner and trader shut its Mutanda mine ahead of schedule.



6 years ago
Bezos asks U.S. judge to dismiss lawsuit by girlfriend's brother: Bloomberg

Bezos asks U.S. judge to dismiss lawsuit by girlfriend's brother: Bloomberg

Amazon.com Inc Chief Executive Officer Jeff Bezos is urging a U.S. judge to dismiss a defamation lawsuit filed against him by the brother of his girlfriend Lauren Sanchez, Bloomberg reported https://www.bloomberg.com/news/articles/2020-02-04/bezos-urges-judge-to-dismiss-suit-by-girlfriend-s-brother?utm_campaign=socialflow-organic&utm_source=twitter&cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business on Monday.



6 years ago
Stocks firmer as China's markets recoup some virus losses

Stocks firmer as China's markets recoup some virus losses

Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although investor sentiment remained fragile with oil near 13-month lows.



6 years ago
FDA to hold public meeting on testing for asbestos in talc

FDA to hold public meeting on testing for asbestos in talc

For the first time in nearly 50 years, the U.S. Food and Drug Administration will examine asbestos testing for talc powders and cosmetics at a hearing on Tuesday.



6 years ago
Sony raises annual outlook after third-quarter profit beats estimates

Sony raises annual outlook after third-quarter profit beats estimates

Sony Corp on Tuesday raised its annual profit outlook on the back of strong sales of image sensors for smartphones, after the company reported a smaller-than-expected decline in third-quarter profit.



6 years ago
Marubeni cuts annual profit forecast, warns virus may hit global economy

Marubeni cuts annual profit forecast, warns virus may hit global economy

Japanese trading house Marubeni Corp on Wednesday cut its full-year net profit forecast by 17% due to a one-off loss on its energy assets and lower profits from U.S. agri-business in the wake of a prolonged U.S.-Sino trade war.



6 years ago
Oil gains more than 1% on hopes for output cuts to counter China virus impact

Oil gains more than 1% on hopes for output cuts to counter China virus impact

Oil prices climbed more than 1% on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China's fast-spreading coronavirus.



6 years ago
Australia's wine exports could take a hit from coronavirus: industry body

Australia's wine exports could take a hit from coronavirus: industry body

Australia's wine export growth slowed last year and could take another hit in 2020 from the coronavirus outbreak if China, its biggest market, orders fewer crates, a report by an industry body said on Wednesday.



6 years ago