Latest News on private equity markets

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

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.



6 years ago
Samsung's jailed board chairman quits

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.



6 years ago
NMC Health vice chair quits, shares fall further

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.



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

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.



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

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.



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

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.



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

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.



6 years ago
Oil prices steady, on course for weekly gain

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.



6 years ago
Nissan's South Korean unit planning voluntary redundancies: source

Nissan's South Korean unit planning voluntary redundancies: source

Nissan Motor Co's South Korean unit plans to seek applications for voluntary redundancy, a person with knowledge of the matter said on Friday, as the automaker's shares sank to their lowest in more than a decade.



6 years ago
India court stalls Amazon, Flipkart antitrust probes: lawyers

India court stalls Amazon, Flipkart antitrust probes: lawyers

An Indian antitrust investigation of Amazon.com Inc and Walmart's Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday.



6 years ago
China urges U.S. to stop suppressing Chinese companies after Huawei indictment

China urges U.S. to stop suppressing Chinese companies after Huawei indictment

China's foreign ministry said on Friday it urges the United States to immediately stop suppressing Chinese companies without reason, after U.S. prosecutors unveiled a new indictment against Huawei Technologies.



6 years ago
Renault's 2020 vision clouded as 'tough' year leads to first loss in a decade

Renault's 2020 vision clouded as 'tough' year leads to first loss in a decade

Renault reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance.



6 years ago
Dolce & Gabbana founders have received offers but have no plans to sell: paper

Dolce & Gabbana founders have received offers but have no plans to sell: paper

Italy's Dolce & Gabbana founder Stefano Gabbana said on Friday he had received proposals to buy the group but had no intention to sell.



6 years ago
KLM apologizes after airliner crew's coronavirus toilet note sparks outrage in South Korea

KLM apologizes after airliner crew's coronavirus toilet note sparks outrage in South Korea

KLM, the Dutch arm of Air France KLM , offered a public apology on Friday after a crew member sparked online outrage by posting a sign in Korean saying passengers on a recent flight were not allowed to use a toilet because of the new coronavirus.



6 years ago
Cathay Pacific turns to old playbook for virus crisis amid employee resistance

Cathay Pacific turns to old playbook for virus crisis amid employee resistance

Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests.



6 years ago