Latest News on private equity markets

France's PSA to sell stake in smaller Chinese tie-up as sales slide

Peugeot maker PSA Group said it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner Chongqing Changan Automotive which has struggled with falling sales.



10 months ago

Indian retailer Future's shares surge as regulator approves Amazon investment

Shares in Future Retail Ltd surged 13% on Friday, after India's antitrust body approved a deal that would give Amazon.com Inc a minority stake in one of the country's top retail groups.



10 months ago

Renault-Nissan-Mitsubishi to appoint General Secretary for alliance

Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost operational efficiency.



10 months ago

Britain's Ocado signs technology partnership with Japan's Aeon

British online grocer Ocado has signed a technology partnership with Japan's Aeon to help the retailer establish an online business, its first deal in Asia.



10 months ago

Exclusive: Mexico's Pemex fights in court to suspend clean diesel rule - documents

Mexico's state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring the nationwide sale of clean diesel to start this year, court documents seen by Reuters show.



10 months ago

BMW, Great Wall to build new China plant for electric cars

BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce BMW's electric MINI brand and Great Wall Motor models.



10 months ago

Singapore tells Facebook to correct user's post in test of 'fake news' laws

Singapore instructed Facebook on Friday to publish a correction notice on a user's social media post under a new 'fake news' law, raising fresh questions about how the firm will adhere to government requests to regulate content.



10 months ago

Exclusive: Brazil, China, UAE firms in second round of bids for Petrobras refineries - sources

Brazil's state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China's Sinopec, Abu Dhabi's state investor and two Brazilian firms, according to four people with knowledge of the matter.



10 months ago

Renault-Nissan to reboot alliance with new overseer

Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn.



10 months ago

Farm machinery makers, Brazil banks working on private financing - Deere

Agricultural machine manufacturers are working with banks in Brazil to avoid a repeat of slumping sales when public financing is expected to run out next year, the head of the local unit of U.S. tractor maker Deere & Co told Reuters on Thursday.



10 months ago

Euro zone inflation rises quicker than expected in November

Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary.



10 months ago

Daimler to cut thousands of jobs worldwide by end of 2022

Daimler on Friday announced plans to cut thousands of jobs across the globe by the end of 2022.



10 months ago

French activists protest against Amazon in Black Friday backlash

Activists staged protests against online retailer Amazon around France on Friday, denouncing the rampant consumerism typified by the annual Black Friday shopping frenzy.



10 months ago

Main Street could see smaller crowds this Small Business Saturday, survey shows

A new CNBC/SurveyMonkey survey released Friday shows waning enthusiasm for Small Business Saturday this year. It shows that 39% of respondents plan to patronize a small business on Saturday, down 44% from last year.

10 months ago

U.S. shoppers stay away from stores, spend online as Black Friday begins

U.S. consumers splurged more than $2 billion online in the first hours of Thanksgiving shopping on Thursday, while crowds were largely thin at retailers on the eve of Black Friday, reflecting the broader trend away from shopping at brick-and-mortar stores.



10 months ago