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Latest News on private equity markets

Oil prices steady, on course for weekly gain

Oil prices edged up Friday and held on track for their first weekly gain since early January, backed by expectations that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic.



4 years ago

Zuckerberg accepts Facebook may pay more tax in different places: Politico

Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday.



4 years ago

Boeing to extend labor contract with engineer's union by four years

U.S. planemaker Boeing Co said it has agreed to a tentative deal with its engineers' union to extend its labor contract by another four years.



4 years ago

European shares scale record even as coronavirus shows no signs of peaking

European shares touched record highs on Friday as investors digested whether China's coronavirus outbreak would cause long-lasting damage to global economy.



4 years ago

Nissan shares tumble to ten-and-a-half year low after earnings rout; Renault also suffers

Shares of Nissan Motor Co sank to their lowest in more than a decade on Friday, after deep cuts to the troubled Japanese automaker's earnings forecast and dividend raised questions about its future profitability.



4 years ago

NMC Health vice chair quits, shares fall further

NMC Health said on Friday Executive Vice Chairman Khalifa Butti Omeir Bin Yousef had resigned from its board, the latest sign of turbulence at the United Arab Emirates largest private healthcare provider as it eyes a sale to one of two private equity groups.



4 years ago

Samsung's jailed board chairman quits

Samsung Electronics' board Chairman Lee Sang-hoon, who was convicted and jailed for sabotaging union activities, has resigned from the South Korean company, it said on Friday.



4 years ago

Zuckerberg ready for Facebook to pay more tax as welcomes rules review

Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean it may have to pay more taxes in different countries, excerpts of a speech he is due to deliver in Germany on Saturday show.



4 years ago

Oil prices rise 1%, on course for weekly gain

Oil prices rose on Friday and held on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.



4 years ago

VW to shut coal-fired power stations at main factory to cut CO2

Volkswagen is shutting down two coal-fired power stations at its main plant in Wolfsburg, Germany and has declined offers to sell them to cut down the company's carbon dioxide emissions, Chief Executive Herbert Diess said on Friday.



4 years ago

Mitsubishi Motors delays factory restart in China on coronavirus

Mitsubishi Motors Corp is postponing the restart of its factory with Guangzhou Automobile Group in Hunan province until 27 due to the coronavirus outbreak, the Japanese automaker said on Friday.



4 years ago

Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus

Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday.



4 years ago

Volkswagen diesel settlement talks with German consumer groups fail

Volkswagen said talks with consumer groups who were seeking compensation over excessive pollution, caused by VW's diesel cars, had failed.



4 years ago

'Terrible' WeWork bet caused us headaches: T. Rowe Price

Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a "debacle" that caused the firm "outsized headaches and disappointments" and left it holding shares worth just a fraction of their original value.



4 years ago

Volkswagen to shut coal-fired power stations at main factory to cut CO2

Volkswagen is shutting down two coal-fired power stations at its main plant in Wolfsburg, Germany and has declined offers to sell them to cut down the company's carbon dioxide emissions, Chief Executive Herbert Diess said on Friday.



4 years ago