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Latest News on private equity markets

Oil holds near $32 ahead of OPEC-led talks on output cuts

Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.



4 years ago

Britain's Tesco warns coronavirus costs could top $1 billion

Britain's biggest retailer Tesco estimated a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it couldn't give profit guidance for the current financial year.



4 years ago

Honda back to work in China's Wuhan with temperature checks and masks

Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co's reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor.



4 years ago

BMW to start producing face masks

German carmaker BMW will start producing face masks to help protect its own staff and the public against the spread of the new coronavirus, Chief Executive Oliver Zipse said on Wednesday.



4 years ago

Global stocks turn negative as virus death toll mounts

World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue package to help economies recover from the impact of the outbreak.



4 years ago

Fiat Chrysler in talks with unions for production restart in Italy

Fiat Chrysler (FCA) and unions are discussing plans for beefed-up health measures at Italian plants to pave the way for most profitable production to restart as soon as the government eases a national lockdown, unions said on Wednesday.



4 years ago

OECD says leading indicators flag biggest monthly drop on record

Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday.



4 years ago

Coronavirus rout spurs China investors to dividend plays

Wild swings in global equities markets are prompting brokers and fund managers to urge patience with a strategy still alien to many of China's momentum-driven stock investors: switch into companies offering high and stable dividends.



4 years ago

Carson Block's Muddy Waters takes short position in online health marketplace eHealth

Carson Block's firm has taken a short position in eHealth, a digital health insurance marketplace company.

4 years ago

Spirit AeroSystems halts production for Boeing jets indefinitely

Spirit AeroSystems Holdings Inc , Boeing's top supplier, said on Wednesday it had stopped production for the planemaker for an indefinite period and would furlough workers supporting Boeing programs in Kansas and Oklahoma.



4 years ago

German foreign ministry restricts use of Zoom over security concerns: report

The German foreign ministry has restricted use of the video conferencing service Zoom , saying in an internal memo to employees that security and data protection weaknesses made it too risky to use, newspaper Handelsblatt reported on Wednesday.



4 years ago

Zoom sued for overstating, not disclosing privacy, security flaws

Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.



4 years ago

Tiffany says Australian regulators seek more time to review LVMH deal

Tiffany & Co said on Wednesday Australian regulators have sought more time to review LVMH's multi-billion dollar purchase of the U.S. jeweler due to the coronavirus outbreak, potentially delaying closure of the deal.



4 years ago

Five things for your to-do list if you think your job is in danger

The coronavirus pandemic is disrupting industries and trickling down to the areas that depend on them or service them. These five projects can position you for a possible move.

4 years ago

Tesco defends dividend payout as warns coronavirus costs could top $1 billion

Tesco has defended its decision to pay investors a 635 million pound ($782 million) dividend while accepting business tax relief from the British government aimed at helping distressed retailers through the coronavirus crisis.



4 years ago