Latest News on private equity markets

Hyundai, Kia sales drop to seven-year low on China weakness, forecast better 2020

Hyundai, Kia sales drop to seven-year low on China weakness, forecast better 2020

South Korea's Hyundai Motor and affiliate Kia Motors turned in their lowest sales in seven years in 2019 as business in China slumped, missing their target for a fifth straight time, but forecast better numbers for 2020.



6 years ago
Uber Eats goes local to find its niche in South African food fight

Uber Eats goes local to find its niche in South African food fight

A stone's throw from Nelson Mandela's former home in South Africa's Soweto township, Dumile Badela's restaurant is now more hectic and lucrative than ever, thanks to Uber Eats, his hungriest customer yet.



6 years ago
Tesla says will deliver second batch of China-made Model 3s on January 7

Tesla says will deliver second batch of China-made Model 3s on January 7

Tesla Inc will deliver a second batch of China-made Model 3 sedans to customers on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday.



6 years ago
Australia-listed Sezzle fails to win California lending license, shares dive

Australia-listed Sezzle fails to win California lending license, shares dive

California rejected Sezzle Inc's request for a lending license, dealing the recently listed buy-now-pay-later firm a big blow weeks after bigger rival Afterpay got a go ahead, sending Sezzle's shares down by more than a fifth.



6 years ago
Ghosn carried spare French passport while out on bail in Japan: NHK

Ghosn carried spare French passport while out on bail in Japan: NHK

Japanese authorities allowed ousted Nissan boss Carlos Ghosn to carry a spare French passport in a locked case while out on bail, public broadcaster NHK said on Thursday, shedding some light on how he managed a dramatic escape to Lebanon.



6 years ago
U.S. shale producers to tap brakes in 2020 after years of rapid growth

U.S. shale producers to tap brakes in 2020 after years of rapid growth

Vastly slower U.S. oil growth this year and the prospect of a plateau for the world's top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry.



6 years ago
Exclusive: China halts British stock link over political tensions - sources

Exclusive: China halts British stock link over political tensions - sources

China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters.



6 years ago
Asian shares jump on China policy easing, trade deal hopes

Asian shares jump on China policy easing, trade deal hopes

Asian shares kicked off 2020 on a strong note on Thursday, spurred by Chinese markets after Beijing eased monetary policy to support the slowing economy.



6 years ago
Asian shares outperform global peers in December, but yearly gains lag

Asian shares outperform global peers in December, but yearly gains lag

Asian shares gained for the fourth successive month in December as appetite for regional shares improved after the U.S. and China agreed on a preliminary deal to end their 17-month long trade war.



6 years ago
Hyundai, Kia see 2020 sales rebound after missing target in 2019

Hyundai, Kia see 2020 sales rebound after missing target in 2019

South Korea's Hyundai Motor and affiliate Kia Motors expect their combined sales to rise 5% in 2020, after missing their annual target for five years in a row.



6 years ago
HSBC kicks off year with Hong Kong branches closed, vandalized

HSBC kicks off year with Hong Kong branches closed, vandalized

HSBC is being drawn into Hong Kong's political turmoil with protesters attacking some of its branches and graffiti daubed on the famous pair of lions that guard its city-center headquarters.



6 years ago
Tokyo prosecutors raid residence of former Nissan boss Ghosn: NHK

Tokyo prosecutors raid residence of former Nissan boss Ghosn: NHK

Tokyo prosecutors on Thursday raided the residence of former Nissan Motor Co Ltd chairman Carlos Ghosn, Japanese public broadcaster NHK said.



6 years ago
Ghosn fled Japan over trial delay, block on contact with wife: sources

Ghosn fled Japan over trial delay, block on contact with wife: sources

Ousted Nissan boss Carlos Ghosn decided to flee Japan after learning that his trial had been delayed until April 2021 and also because he had not been allowed to speak to his wife, sources close to Ghosn said on Thursday.



6 years ago
Dollar snaps six-day losing streak, yuan shrugs off PBOC cash injection

Dollar snaps six-day losing streak, yuan shrugs off PBOC cash injection

The dollar snapped a six-day losing streak to add 0.2% on Thursday, the first trading day of 2020, pushing the euro off five-month highs while the offshore yuan shrugged off reserve ratio cuts that could add $115 billion worth of liquidity.



6 years ago
Tesla says will start delivering China-made Model 3s to public on January 7

Tesla says will start delivering China-made Model 3s to public on January 7

Tesla Inc will deliver its first Chinese made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday.



6 years ago