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Latest News on private equity markets

Tesco suspends Chinese supplier after suspected prisoner message

British supermarket giant Tesco suspended a Chinese supplier of Christmas cards on Sunday after a press report said a customer found a message written inside a card saying it had been packed by foreign prisoners who were victims of forced labor.



5 years ago

China's industrial output to grow around 5.6% year-on-year in 2019: ministry

China's industrial output is expected to grow around 5.6% in 2019, the Ministry of Industry and Information Technology said on Monday.



5 years ago

Here are the Chinese stocks most likely to benefit from the phase one deal with the US, Morgan Stanley says

Morgan Stanley has flagged 29 Chinese stocks that would likely benefit more from the completion of a phase one deal between the U.S. and China. Nearly half of them are from the information technology sector.

5 years ago

Britain gives Advent's $5 billion Cobham takeover the green light

Britain has approved Advent International's $5 billion purchase of defense company Cobham after the U.S. private equity group made commitments to address national security concerns.



5 years ago

Lone Star to buy BASF construction chemicals unit for $3.51 billion

Private equity firm Lone Star has entered a deal to buy BASF's construction chemicals business for 3.17 billion euros ($3.5 billion) on a cash and debt-free basis, the German chemicals company said on Saturday as it seeks to focus on more profitable operations.



5 years ago

PG&E creditors offer California wildfire victims $13.5 billion in cash upfront

PG&E Corp's creditors have sweetened their offer to California wildfire victims, saying they are now prepared to pay $13.5 billion in cash upfront, according to a letter sent on Friday to state governor Gavin Newsom.



5 years ago

Nord Stream 2 to press on with Europe gas pipe, despite U.S. sanctions

The group behind Nord Stream 2 said on Saturday it aimed to complete a pipeline to boost Russian gas supplies to Europe as soon as possible, after a major contractor suspended pipe-laying activities due to U.S. sanctions.



5 years ago

Wall Street Week Ahead: History suggests rally may slow for U.S. stocks in 2020

The outsized rally in the U.S. stock market this year may give way to a more muted performance in 2020 if history is any guide.



5 years ago

Russia must press on with Nord Stream 2 gas line to Europe: Russian senator

Russia must keep to schedule on implementing the Nord Stream 2 gas pipeline link to Europe, a senior Russian senator told state news agency RIA on Saturday, after pipe-laying was suspended due to U.S. sanctions.



5 years ago

Russia to go ahead with gas pipe project despite U.S. sanctions

Russia's Foreign Ministry said on Saturday that Moscow will press ahead with a major Russia-to-Germany natural gas pipeline, disregarding U.S. sanctions.



5 years ago

Wall Street analysts stick by Boeing's stock even as 737 Max saga drags on

Boeing's backlog of orders could has some investors believing the stock will bounce back once the 737 Max is re-certified.

5 years ago

Analysts say Alphabet, UPS have early edge in delivery's next frontier: drones

UPS and Alphabet are leading Amazon, FedEx and others in the race to make commercial drone delivery a reality, Loop Capital says.

5 years ago

If you're a business owner, grab this 20% tax break before the year ends

The new qualified business income deduction can be an attractive one for small business owners who want to save a few dollars in 2019. What you should know before you claim it.

5 years ago

Germany 'firmly rejects' U.S. sanctions on Nord Stream 2 firms

Germany's finance minister and vice chancellor, Olaf Scholz, said Berlin "firmly rejects" U.S. legislation imposing sanctions on firms laying the Nord Stream 2 gas pipeline from Russia to Europe.



5 years ago

Manager of McDonald's franchise in Peru says faulty drinks machine caused deaths

The general manager of the McDonald's operating firm in Peru has said in an interview with local TV that the drinks supply machine at the fast food restaurant where two employees died by electrocution last weekend was suffering from an electrical fault.



5 years ago