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Latest News on private equity markets

Oil prices edge up ahead of upcoming OPEC+ meeting

Oil prices were little changed on Monday, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.



5 years ago

Analysts' View: Impact of the U.S. protests on financial markets

National Guard troops have been deployed in 15 U.S. states and the U.S. capital after five nights of violence and destruction that began with peaceful protests over the death of a black man, George Floyd, in police custody.



5 years ago

Hyundai Motor's May sales fall sharply year-on-year on COVID-19 impact

South Korea's Hyundai Motor Co said on Monday its provisional May sales fell 39% year-on-year to 217,510 vehicles globally, as the coronavirus outbreak continued to hit demand in key markets.



5 years ago

KKR, Cinven, Providence file public tender offer for Masmovil

Buyout funds KKR , Cinven and Providence teamed up to file a 2.96 billion euro ($3.30 billion) public tender offer for Spanish telecom company MasMovil on Monday.



5 years ago

Asia stocks scale 3-month peak, resilient to U.S. rioting

Asian shares advanced to three-month highs on Monday as progress on re-opening economies helped offset jitters over riots in U.S. cities and unease over Washington's power struggle with Beijing.



5 years ago

Stocks scale 3-month peak, dollar sags on reopening joy

World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the U.S. and unease over Washington's power struggle with Beijing.



5 years ago

Emirates president says could take four years to rebuild network from virus hit

Emirates President Tim Clark said on Monday it could take the airline four years to rebuild its network that has been decimated by the coronavirus pandemic.



5 years ago

Worst may be over for euro zone factories, recovery to be slow: PMI

Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday, but activity is still contracting sharply as government-imposed lockdowns due to the coronavirus pandemic keep demand in check.



5 years ago

Buyout funds launch $3 billion bid for Spain's MasMovil

Buyout funds KKR , Cinven and Providence have mounted a friendly bid to pay up to 2.96 billion euros ($3.30 billion) for Spain's MasMovil , the companies said on Monday, sending shares in the telecom operator soaring more than 20%.



5 years ago

Oil steady as OPEC+ considers extension to crude curbs

Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension between the United States and China.



5 years ago

Europe's factories starting to recover, Asia's pain worsens

European manufacturers may be over the worst of a coronavirus-driven downturn, but Asia's pain deepened in May due to a slump in global trade, with export powerhouses Japan and South Korea seeing the sharpest falls in activity in over a decade, surveys showed.



5 years ago

Global stocks scale 3-month peak, dollar sags on reopening joy

World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the U.S. and unease over Washington's power struggle with Beijing.



5 years ago

Emirates could take four years to resume flying to entire network

Emirates' outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated by the coronavirus pandemic.



5 years ago

Buffett-backed BYD to supply EV batteries to Ford

Chinese electric vehicle (EV) maker BYD Co Ltd, will supply EV batteries to U.S. automaker Ford Motor Co, a document on the website of the Ministry of Industry and Information Technology showed on Monday.



5 years ago

Opel to add PSA model to Ruesselsheim production: Handelsblatt

German automaker Opel is planning to start manufacturing a compact car for French parent PSA at its main Ruesselsheim plant from mid-2021 onwards, German business daily Handelsblatt reported, citing company sources.



5 years ago