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Latest News on private equity markets

Rolls-Royce scraps targets, dividend on pandemic hit

British aero-engine maker Rolls-Royce said it was scrapping its targets and its final dividend, taking steps to shore up its finances as airlines around the world ground planes due to the coronavirus pandemic.



4 years ago

Oil drops on oversupply worries as Saudi Arabia, Russia delay meeting

Oil prices slipped on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand.



4 years ago

HSBC HK shareholders mull legal action over dividend suspension

HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank's decision to scrap dividend payments.



4 years ago

As Germany reels from coronavirus, some officials debate impact on banks

As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus without state help.



4 years ago

Dubai's Emaar suspends construction projects due to virus - sources

Emaar Properties , the largest listed developer in the United Arab Emirates, has suspended work on major projects in Dubai, sources familiar with the matter said, as the coronavirus pandemic exacerbates a real estate slowdown in the business hub.



4 years ago

Stocks jump on virus slowdown hopes, but oil slips on oversupply

Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive.



4 years ago

Oil edges down after Saudi Arabia, Russia delay meeting

Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.



4 years ago

Carmaker PSA secures further 3 billion euros worth of loans

French carmaker and Peugeot-owner PSA announced on Monday a further 3 billion euros ($3.3 billion) worth of loans to strengthen its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.



4 years ago

BMW sales plunge in first quarter as coronavirus takes toll

BMW said on Monday that group sales dropped by 20.6% to 477,111 vehicles in the first quarter as the outbreak of coronavirus took its toll and many retail outlets temporarily closed.



4 years ago

Stocks jump on virus hopes, oil hit by OPEC+ delay

World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again.



4 years ago

Futures jump on hopes of slowdown in coronavirus cases

U.S. stock index futures jumped about 4% on Monday after President Donald Trump expressed hope that the coronavirus health crisis in the United States was "leveling-off" in some of the country's hardest-hit areas.



4 years ago

Britain's BT commits to no job losses over coronavirus

The head of Britain's biggest telecoms firm BT said he would donate his salary to health workers for at least six months and award a pay rise to his frontline staff who are maintaining broadband networks during the coronavirus shutdown.



4 years ago

Lufthansa's Belgian carrier suspends flights until mid-May

Belgium's Brussels Airlines, a Lufthansa subsidiary, has extended its suspension of flights until at least May 15, it said on Monday.



4 years ago

Peugeot parent secures further 3 billion euros of loans

Peugeot-owner PSA said on Monday it had secured a further 3 billion euros ($3.3 billion) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.



4 years ago

Top Michelin executives agree to pay cuts to help with COVID-19 response

French tyre company Michelin said on Monday that its leading executives had agreed to take pay cuts as a gesture of solidarity to help deal with the negative effects of the hit to its business from the COVID-19 outbreak.



4 years ago