Latest News on private equities market

Carmaker Volkswagen will inject $2.6 billion into Ford's self-driving unit Argo AI at an overall valuation of $7 billion in the deal, a source close to the matter said on Friday.

Luxury carmaker Daimler cut its profit forecast for the fourth time in 13 months on Friday, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags.

World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even a stronger-than-expected U.S. inflation print failed to shake bets on Federal Reserve interest rate cuts.

Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.

Thomas Cook is in talks on a 750 million pound ($941 million) bailout that will give its largest investor Fosun Tourism control of the indebted British group's package-tour business, in a blow to other shareholders.

The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatization push in more than two decades.

Carmaker Volkswagen will inject $1 billion in capital and $1.6 billion worth of assets into Ford's self-driving unit, a source close to the matter said on Friday, as the two carmakers deepen a global alliance to share costs.

World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even stronger than expected U.S. inflation failed to shake bets on Federal Reserve interest rate cuts.

China's exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further weakness in the world's second-largest economy and slackening global growth.

Citi upgraded Morgan Stanley to buy, ahead of the company's second quarter earnings report.

Citigroup kicks off earnings season on Monday.

Low interest rates and weak trading volume have pushed down Wall Street's second-quarter estimates for the biggest U.S. banks, yet investors still say they want in on the sector.

Airbus has halted sales of a new book that the planemaker had commissioned for its 50th anniversary to avoid hampering the manufacturer's attempts to win a settlement in a bribery probe, two people familiar with the matter said.

China's unwrought copper imports in June fell 27.2% from a year earlier, official data showed on Friday, as a slowdown in the world's second-biggest economy continues to weigh on demand for the metal.

China's trade surplus with the United States, a major source of friction with its biggest trading partner, rose 11% in June to $29.92 billion from $26.9 billion in May, customs data showed on Friday.