Latest News on private equity markets

Airline industry healthy enough to absorb significant downturn in China's economy: IAG CEO

Airline industry healthy enough to absorb significant downturn in China's economy: IAG CEO

The airline industry is "without question" healthy enough to absorb a significant downturn in China's economy, said Willie Walsh, chief executive of International Airlines Group, which owns British Airways.



6 years ago
Danske Bank beats fourth-quarter net profit expectations

Danske Bank beats fourth-quarter net profit expectations

Danske Bank beat fourth quarter net profit expectations on Wednesday and said it expects to earn a net profit of 8-10 billion Danish crowns in 2020.



6 years ago
Imperial Brands warns of lower annual profit due to U.S. FDA ban

Imperial Brands warns of lower annual profit due to U.S. FDA ban

Tobacco group Imperial Brands said on Wednesday it expects full-year adjusted earnings to be slightly lower than last year due to a U.S. regulatory ban on some flavors of cartridge-based vapor devices and weaker consumer demand.



6 years ago
Vodafone posts 0.8% third-quarter growth, driven by South Africa

Vodafone posts 0.8% third-quarter growth, driven by South Africa

Vodafone reported organic service revenue growth of 0.8% in the third quarter on Wednesday, an uptick from the second, helped by continued recovery in South Africa.



6 years ago
'Giga Texas?' Musk asks Twitter users to vote on new gigafactory

'Giga Texas?' Musk asks Twitter users to vote on new gigafactory

Elon Musk, the billionaire chief executive officer of Tesla Inc , went on Twitter to ask users if the electric carmaker should build a new gigafactory in Texas.



6 years ago
Cathay Pacific asks employees to take unpaid leave as virus hits demand

Cathay Pacific asks employees to take unpaid leave as virus hits demand

Hong Kong's Cathay Pacific Airways Ltd has asked all its 27,000 employees to take three weeks of unpaid leave in coming months as it battles a fall in demand caused by a virus outbreak, the company said on Wednesday.



6 years ago
Oil climbs on hopes for output cuts to offset China virus impact

Oil climbs on hopes for output cuts to offset China virus impact

Oil prices rose on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China's fast-spreading coronavirus.



6 years ago
Australia court fines AMP $3.5 million over incorrect insurance advice

Australia court fines AMP $3.5 million over incorrect insurance advice

Australia's Federal Court has ordered wealth manager AMP Ltd to pay a penalty of A$5.2 million ($3.5 million) for failing to prevent incorrect insurance advice by financial planners, the corporate watchdog said on Wednesday.



6 years ago
Cold Turkey: investor exodus tests Erdogan's economic experiment

Cold Turkey: investor exodus tests Erdogan's economic experiment

A run on the lira proved a pivotal moment for Turkey's financial markets in 2018, prompting action from Ankara that has tilted the economy inward and frightened off foreign investors.



6 years ago
Mitsubishi sees virus outbreak to affect global economy, resource prices: CFO

Mitsubishi sees virus outbreak to affect global economy, resource prices: CFO

Japanese trading house Mitsubishi Corp is closely watching the development of a spreading coronavirus in China as it will affect the global economy and prices of natural resources, its chief financial officer said on Wednesday.



6 years ago
Siemens posts weaker-than-expected first-quarter industrial profit

Siemens posts weaker-than-expected first-quarter industrial profit

Germany's Siemens on Wednesday reported weaker-than-expected industrial profit during its first quarter as a downturn in the manufacturing sector hit its flagship digital industries business and its wind power unit suffered losses.



6 years ago
Intel bets on smart buildings in Israel to attract tech talent

Intel bets on smart buildings in Israel to attract tech talent

Intel Corp is investing heavily in "smart buildings" in Israel that will be full of perks to keep employees happy, helping the U.S. chipmaker compete for the country's top professionals.



6 years ago
GM rolls back 'radical' plan to offer only three-cylinder engines in some China cars: sources

GM rolls back 'radical' plan to offer only three-cylinder engines in some China cars: sources

General Motors is backtracking on an aggressive promotion of three-cylinder engines in China that saw some Buick and Chevrolet models offered only in that option - a move which proved highly unpopular and helped sales slide, people familiar with matter said.



6 years ago
Asia stocks rise, oil rebounds but China virus toll mounts

Asia stocks rise, oil rebounds but China virus toll mounts

Asian stocks steadied on Wednesday as Chinese shares moved higher on hopes of additional stimulus to cushion the economic blow from a coronavirus outbreak, but risks remain as the illness continued to spread and the death toll neared 500.



6 years ago
Ralph Nader says SEC should probe Tesla trading based on the stock's recent spike higher

Ralph Nader says SEC should probe Tesla trading based on the stock's recent spike higher

"I think the Securities and Exchange Commission should pay attention to the protection of investors here," Nader said.

6 years ago