Latest News on private equities market

Tire maker Michelin to close French site that has 619 staff

Tire maker Michelin to close French site that has 619 staff

French tire maker Michelin said on Thursday it would close down a site in the town of La Roche-sur-Yon, which has 619 staff, as the auto industry grapples with tough market conditions.



6 years ago
Altcoins: Ahead of Libra, XRP cryptocurrency gains toehold in commerce

Altcoins: Ahead of Libra, XRP cryptocurrency gains toehold in commerce

Facebook's Libra may be grabbing all the headlines at the moment, yet a major cryptocurrency already exists that's gained a toehold in mainstream commerce.



6 years ago
Strengthening Renault-Nissan alliance is crucial: French minister

Strengthening Renault-Nissan alliance is crucial: French minister

Strengthening the alliance between car makers Renault and Nissan is crucial, said French junior economy minister Agnes Pannier-Runacher on Thursday, amid signs of a possible management shake-up at Renault.



6 years ago
Boeing says cracks found on 38 of 810 737 NG jets inspected globally

Boeing says cracks found on 38 of 810 737 NG jets inspected globally

Boeing Co said on Thursday that airlines had inspected 810 of the company's 737 NG jets around the world and found 38 structural cracks requiring repair and replacement of the affected parts.



6 years ago
GM's third-quarter China vehicle sales down 17.5%, as U.S. automakers cede ground

GM's third-quarter China vehicle sales down 17.5%, as U.S. automakers cede ground

General Motors Co's July to September vehicle sales in China fell 17.5%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.



6 years ago
Factbox: Snakes and ladders - SoftBank Vision Fund's climbing, sliding valuations

Factbox: Snakes and ladders - SoftBank Vision Fund's climbing, sliding valuations

The $100 billion Vision Fund of Japan's SoftBank Group Corp has in just over two years burnt through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.



6 years ago
U.S. consumer inflation tame, labor market still tightening

U.S. consumer inflation tame, labor market still tightening

U.S. consumer prices were unchanged in September and underlying inflation retreated, supporting expectations the Federal Reserve will cut interest rates in October for the third time this year amid risks to the economy from trade tensions.



6 years ago
Top-level U.S.-China trade talks resume as irritants sour atmosphere

Top-level U.S.-China trade talks resume as irritants sour atmosphere

The United States' and China's top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world's two largest economies threatened hopes for progress.



6 years ago
Factbox: Nearly all goods traded by U.S. and China will have tariffs by December 15

Factbox: Nearly all goods traded by U.S. and China will have tariffs by December 15

U.S. and Chinese negotiators meet in Washington on Thursday and Friday to try, once again, to defuse a trade war that has roiled markets and triggered tit-for-tat tariffs on hundreds of billions of goods traded between the world's largest economies.



6 years ago
Exclusive: China Everbright Group to restructure, pursue billion-dollar HK IPO - sources

Exclusive: China Everbright Group to restructure, pursue billion-dollar HK IPO - sources

State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong, three people with direct knowledge of the matter told Reuters on Thursday.



6 years ago
Samsung Display to invest $11 billion by 2025 amid industry oversupply

Samsung Display to invest $11 billion by 2025 amid industry oversupply

Apple Inc supplier Samsung Display said on Thursday it will invest 13.1 trillion won ($11 billion) on facilities and research to upgrade a production line, as it battles severe oversupply due to weak global demand for smartphones and TVs.



6 years ago
Trade deal hopes lift Wall St for second straight session

Trade deal hopes lift Wall St for second straight session

U.S. stocks rose by about 1% for the second straight day on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the technology sector.



6 years ago
U.S. presidential candidate Warren calls on AT&T to reject plan she says will cost jobs

U.S. presidential candidate Warren calls on AT&T to reject plan she says will cost jobs

U.S. presidential candidate Elizabeth Warren called on AT&T Inc to reject an activist investor plan she said would lead to job cuts, staking out a different position than President Donald Trump who has cheered the investor's involvement.



6 years ago
As GM workers picket, Michigan's economy feels the chill

As GM workers picket, Michigan's economy feels the chill

Waving a placard on the picket line outside a General Motors Co truck plant in Flint, Michigan, Robert Bacon says he has no money to spend. His $250-a-week strike pay barely covers his food and gas.



6 years ago
Hugo Boss cuts outlook again, citing weak U.S., Hong Kong business

Hugo Boss cuts outlook again, citing weak U.S., Hong Kong business

German fashion house Hugo Boss cut its 2019 earnings forecast again, citing weak demand in the United States and Hong Kong, and reported third quarter results that were below its expectations.



6 years ago