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Latest News on private equity markets

Volkswagen headquarters raided again in connection with diesel scandal

Public prosecutors on Tuesday raided the Wolfsburg headquarters of Volkswagen as part of the investigation into the car maker's diesel scandal.



4 years ago

Nokia names veteran Sari Baldauf as group boss to take on 5G challenge

Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.



4 years ago

Unilever names Braams as new marketing head in expanded role

Consumer goods giant Unilever Plc on Tuesday appointed Conny Braams to the new post of chief digital and marketing officer, expanding the scope of a role previously held by advertising industry veteran Keith Weed.



4 years ago

Glencore CEO says he may step aside next year

Glencore CEO Ivan Glasenberg said on Tuesday he expected to be able to announce his successor next year, but said the timing was not yet certain.



4 years ago

Ross says Trump has flexibility on tariffs toward France, Europe

President Donald Trump has wide latitude in handling trade with France and other European allies, including imposing tariffs, U.S. Commerce Secretary Wilbur Ross told CNBC in an interview in on Tuesday.



4 years ago

Wall St. extends declines as Commerce Secretary Ross comments on China tariffs

U.S. stocks extended declines on Tuesday as U.S. Commerce Secretary Wilbur Ross said on CNBC that U.S. tariffs on Chinese imports due Dec. 15 would be imposed unless there was substantive progress in trade talks.



4 years ago

Goldman Sachs to launch new products and services on Amazon's cloud

Goldman Sachs Group Inc will be launching new technology-based products and services for its institutional clients on Amazon's cloud next year, bank Chief Executive David Solomon said at a conference on Tuesday.



4 years ago

Wall Street sinks as Trump hints at delay in trade deal with China

Wall Street fell more than 1% and the benchmark S&P 500 hit a near one-month low on Tuesday, as comments from President Donald Trump and Commerce Secretary Wilbur Ross stoked fears of a significant delay in resolving a trade dispute with China.



4 years ago

Trump says China trade deal may have to wait amid sticking points in talks

President Donald Trump said on Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest economies would soon reach an initial deal to ease their damaging trade war.



4 years ago

U.S. shoppers, mostly online, spend 16% more over holiday weekend

A record number of U.S. consumers spent more online and in stores over the holiday weekend for everything from clothing to toys, the National Retail Federation said on Tuesday.



4 years ago

Federal Reserve terminates 2015 forex enforcement action against Bank of America

The U.S. Federal Reserve announced Wednesday it had terminated a 2015 enforcement action against Bank of America over its shortcomings in preventing traders from manipulating foreign exchange rates.



4 years ago

Volkswagen headquarters raided again over diesel scandal

German public prosecutors raided the Wolfsburg headquarters of Volkswagen on Tuesday in the latest investigation into the carmaker's diesel emissions scandal.



4 years ago

WTO tussles over hard stop vs phase-out of appeals system

The World Trade Organization (WTO) battled on Tuesday over whether to bring its Appellate Body to an abrupt halt or allow its adjudicators to settle a handful of pending cases, according to trade officials present at a meeting on the subject.



4 years ago

Oil steadies after brief slide on Trump's U.S-China trade comments

Oil steadied on Tuesday, as expectations of output cuts from OPEC and allied producers brought prices back up after they slid briefly following comments from U.S. President Donald Trump that a trade deal with China may be delayed.



4 years ago