Latest News on private equity markets

Bytedance's video app TikTok bans 'misleading information'

Bytedance's video app TikTok bans 'misleading information'

Popular video-sharing app TikTok issued a broad ban on Wednesday against "misleading information" that could cause harm to its community or the public, setting itself apart from rivals like Facebook which say that they do not want to be arbiters of truth.



6 years ago
Varta warns of patent infringements by Chinese firms, shares plunge

Varta warns of patent infringements by Chinese firms, shares plunge

German battery maker Varta said on Wednesday that it has warned electronic goods traders after finding products with batteries from Chinese manufacturers which infringe on its patents.



6 years ago
McDonald's expands Beyond Meat burger trial to 52 more outlets in Canada

McDonald's expands Beyond Meat burger trial to 52 more outlets in Canada

McDonald's Corp said on Wednesday it was expanding its pilot of plant-based meat burgers using Beyond Meat patty in 52 restaurants across Kitchener-Waterloo, Guelph and nearby areas in Canada.



6 years ago
Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars

Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars

Zhejiang Geely Holding Group Co Ltd and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan ($388.77 million) in a China-based venture to build "premium and intelligent electrified" vehicles under the smart brand.



6 years ago
Investors pause equity selling as fears of immediate Iran-U.S. escalation abate

Investors pause equity selling as fears of immediate Iran-U.S. escalation abate

European shares fell on Wednesday and U.S. equity futures pointed to weakness on Wall Street after Iran's attack on U.S.-led forces in Iraq, but earlier sharp market moves were starting to fade as fears abated that the raid would lead to an immediate military escalation.



6 years ago
Saudi Aramco falls on U.S.-Iran tensions; debt markets little changed

Saudi Aramco falls on U.S.-Iran tensions; debt markets little changed

Saudi Aramco shares fell to a new low on Wednesday after Iran launched missiles against U.S. targets in Iraq, but Gulf debt markets were fairly stable, as some had feared stronger retaliation from Iran.



6 years ago
Japanese billionaire Maezawa in $9 million 'social experiment' giveaway

Japanese billionaire Maezawa in $9 million 'social experiment' giveaway

Japanese fashion tycoon Yusaku Maezawa is giving away $9 million to his Twitter followers in what he says is a "social experiment" to see if the payment boosts their happiness.



6 years ago
CITIC to sell 22% stake in McDonald's China business to PE arm: sources

CITIC to sell 22% stake in McDonald's China business to PE arm: sources

CITIC Ltd , the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald's Corp's mainland China and Hong Kong business, which is likely to be bought by the group's private equity arm.



6 years ago
Oil prices shed gains as alarm over Iran rocket strike fades - for now

Oil prices shed gains as alarm over Iran rocket strike fades - for now

Oil prices steadied 1% higher on Wednesday, well below peaks hit in frenzied trading earlier in the day after a rocket attack by Iran on American forces in Iraq raised the specter of a spiraling Mideast conflict and disruption to crude flows.



6 years ago
Malaysia anti-graft body says audio clips show Najib tried to cover-up 1MDB scandal

Malaysia anti-graft body says audio clips show Najib tried to cover-up 1MDB scandal

Malaysia’s former prime minister, Najib Razak, allegedly sought help from the United Arab Emirates' crown prince to fake evidence to cover up for the 1MDB scandal, according to audio clips revealed by Malaysian anti-graft officials on Wednesday.



6 years ago
'Flawed, biased': Ghosn lawyers blast Nissan before news conference

'Flawed, biased': Ghosn lawyers blast Nissan before news conference

Fugitive ex-Nissan chief Carlos Ghosn's lawyers opened fire on the car maker on Wednesday, hours before he was scheduled to hold a highly anticipated news conference, accusing it of using a "flawed, biased" internal probe to engineer his arrest.



6 years ago
Oil charts steadier course as tensions on Iran strike ebb - for now

Oil charts steadier course as tensions on Iran strike ebb - for now

Oil prices were about 1% higher on Wednesday, but well below highs hit in a frenetic start to the trading day after a rocket attack by Iran on American forces in Iraq raised the specter of a spiraling conflict and disruption to crude flows.



6 years ago
Saudi Aramco hits new low on U.S.-Iran tensions

Saudi Aramco hits new low on U.S.-Iran tensions

Shares of Saudi Aramco opened at 34 riyals ($9.06) on Wednesday, their lowest level since the oil giant began trading on December 11, after Iran launched missiles on U.S. targets in Iraq.



6 years ago
Futures slip as Iran's attack on U.S. forces heightens Middle East tensions

Futures slip as Iran's attack on U.S. forces heightens Middle East tensions

U.S. stock index futures fell early on Wednesday as investors scurried to safe-haven assets after Iran fired rockets at U.S.-led forces in Iraq in response to the killing of a top Iranian commander, sparking fears of a wider war in the Middle East.



6 years ago
Futures slip as Iran's attack on U.S. forces heighten Middle East tensions

Futures slip as Iran's attack on U.S. forces heighten Middle East tensions

U.S. stock index futures fell on Wednesday as Iran fired missiles at U.S.-led forces in Iraq in retaliation to the killing of a top Iranian commander last week, sparking fears of a wider war in the Middle East.



6 years ago