Latest News on private equity markets

Jaguar Land Rover to build electric cars at UK factory - report

Britain's biggest automaker Jaguar Land Rover is expected to announce plans next week to build electric cars at its central English Castle Bromwich factory, the Sunday Times reported.



1 year ago

President Donald Trump says is 'in no hurry' for a deal with China

U.S. President Donald Trump said on Saturday that while his meeting with China's President Xi Jinping was far better than expected, he was "in no hurry" to cut a trade deal.



1 year ago

Motel 6 hotel chain to settle lawsuit over sharing guest lists with ICE

Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the hotel chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court documents showed on Saturday.



1 year ago

Russia agrees with Saudi Arabia to extend OPEC+ oil output deal

Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy.



1 year ago

China warns of long road ahead for deal with U.S. after ice-breaking talks

China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries' presidents held ice-breaking talks in Japan.



1 year ago

U.S. urges Cambodia to probe China-owned economic zone on tariff dodging

The United States on Friday urged Cambodia to investigate a Chinese-owned special economic zone after uncovering efforts by firms operating there to evade duties on products destined for export to the United States.



1 year ago

Russia's Putin says Trump meeting will help continue dialogue

Russian President Vladimir Putin said on Friday that his face-to-face meeting with U.S. President Donald Trump in Osaka would be a good opportunity to continue dialogue between the leaders following their summit in Helsinki last year.



1 year ago

Nissan ex-chief Ghosn to hold press conference in Tokyo at 1200 GMT: source

Nissan ex-Chairman Carlos Ghosn will hold a press conference in Tokyo at 9 p.m. (1200 GMT) (0800 EDT) on Friday, according to a person familiar with the matter.



1 year ago

Exclusive: Morgan Stanley likely to gain majority control of China securities JV in H2 - sources

Morgan Stanley is likely to get regulatory approval for owning a majority stake in its Chinese securities joint venture in the second half of this year, people with direct knowledge of the matter told Reuters.



1 year ago

U.S. dominates second-quarter global M&A as mega deals roll on

Mega deals set the pace for mergers and acquisitions (M&A) globally in the second quarter of 2019, as large U.S. companies defied trade row jitters and seized on strong equity and debt capital markets to agree on transformative combinations.



1 year ago

California regulator considers penalty against PG&E in 2017 wildfires

California utilities regulator has opened a case to evaluate and consider penalties against power and gas utility PG&E Corp for its involvement in the fierce wildfires that killed 46 people in Northern California's wine country in 2017.



1 year ago

Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

Madame Tussauds owner Merlin Entertainments is to be acquired by the investment vehicle of Lego's founding family and private equity firm Blackstone Group LP in a deal valuing the company and its debt at nearly 6 billion pounds ($7.6 billion).



1 year ago

Saudi Arabia's hometown ambitions could clip wealth fund's wings

Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said.



1 year ago

Factbox: Saudi sovereign fund's strategy in focus

Saudi Arabia's Public Investment Fund (PIF) has pursued eye-catching investments abroad over the past several years, part of reform plans to diversify the economy beyond oil and transform the country into a high-tech investment powerhouse.



1 year ago

Shell, Exxon Mobil eye re-entry into Somalia's upstream sector

Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country's oil ministry said in a statement.



1 year ago