Latest News on private equities market

German union seeks to preserve Opel independence as Peugeot pursues FCA

German union seeks to preserve Opel independence as Peugeot pursues FCA

IG Metall, Germany's largest union by members, said on Thursday it would seek to preserve the autonomy of PSA's German unit Opel after PSA and Fiat Chrysler announced plans to create the world's fourth-largest automaker.



6 years ago
India asks WhatsApp to explain privacy breach

India asks WhatsApp to explain privacy breach

India has asked Facebook-owned WhatsApp to explain the nature of a privacy breach on its messaging platform that has affected some users in the country, Information Technology Minister Ravi Shankar Prasad said on Thursday.



6 years ago
Scrapped Chile APEC summit throws up new hurdle for U.S.-China trade deal

Scrapped Chile APEC summit throws up new hurdle for U.S.-China trade deal

Leaders from the United States and China encountered a new obstacle in their struggle to end a damaging trade war on Wednesday, when the summit where they were supposed to meet was canceled because of violent protests.



6 years ago
Twitter says tech tools remove one in two abusive tweets in first-half

Twitter says tech tools remove one in two abusive tweets in first-half

Twitter's technology tools removed one in two tweets containing abusive content posted in the first half of this year, it said on Thursday, amid calls to the U.S. social media company and its peers to do more to tackle the issue.



6 years ago
Fiat's China partner GAC says respects merger plan

Fiat's China partner GAC says respects merger plan

Fiat Chrysler's Chinese partner Guangzhou Automobile Group said it respected the firm's decision to merge with Peugeot parent firm PSA and would look to deepen its cooperation with the automaker.



6 years ago
Qantas, Southwest step up checks of Boeing 737 NGs after more cracks found

Qantas, Southwest step up checks of Boeing 737 NGs after more cracks found

Qantas Airways Ltd and Southwest Airlines Co are stepping up checks for structural cracks on Boeing Co 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said.



6 years ago
Oil prices rise, shrug off inventory gain, look for China stimulus

Oil prices rise, shrug off inventory gain, look for China stimulus

Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a much larger than expected build in U.S. crude stocks.



6 years ago
Fiat Chrysler and Peugeot plan to create world's No.4 carmaker

Fiat Chrysler and Peugeot plan to create world's No.4 carmaker

Fiat Chrysler and Peugeot owner PSA plan to join forces through a 50-50 share swap to create the world's fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry.



6 years ago
Bombardier shares rise on target commitment, asset sales

Bombardier shares rise on target commitment, asset sales

Bombardier Inc said on Thursday it would meet a key 2019 target and announced a deal worth more than $1 billion with Spirit Aerosystems , sending shares up nearly 7% despite reporting it burned more cash than expected.



6 years ago
Fiat Chrysler-PSA must keep French industrial footprint: France's Le Maire

Fiat Chrysler-PSA must keep French industrial footprint: France's Le Maire

France welcomed a planned merger between Italy's Fiat Chrysler and French Peugeot maker PSA , but would be vigilant about the firm's French industrial footprint and about maintaining its decision centers, French Finance Minister Bruno Le Maire said in a statement on Thursday.



6 years ago
Fiat Chrysler and Peugeot join forces to create world's No.4 carmaker

Fiat Chrysler and Peugeot join forces to create world's No.4 carmaker

Fiat Chrysler and Peugeot's owner PSA said on Thursday they would join forces through a 50-50 share swap to create the world's fourth-largest automaker.



6 years ago
China's auto market could shrink about 8% this year: industry official

China's auto market could shrink about 8% this year: industry official

Auto sales in China may skid to 26 million this year, a drop of around 8%, a senior industry executive warned, as the world's largest auto market braces for a second year of contraction amid slowing economic growth and tighter vehicle emissions standards.



6 years ago
China, U.S. heads of state maintain contact on trade negotiations

China, U.S. heads of state maintain contact on trade negotiations

China's Foreign Ministry said on Thursday that the Chinese and U.S. heads of state have been maintaining contact through various means on trade negotiations.



6 years ago
Asian stocks rally after Fed cut, BOJ sends clearer easing signal

Asian stocks rally after Fed cut, BOJ sends clearer easing signal

Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined.



6 years ago
Dunkin' profit beats as costs dip, defends in competitive breakfast and coffee market

Dunkin' profit beats as costs dip, defends in competitive breakfast and coffee market

Dunkin' Brands Group Inc reported better-than-expected quarterly profit amid lower costs on Thursday and raised its forecast for 2019, betting on investments to improve delivery and new menu items to boost growth.



6 years ago