Latest News on private equity markets

World stocks remained just off record highs on Wednesday after climbing for five straight sessions, while Britain's pound nursed heavy losses as Brexit uncertainty returned.

Cyrus Mistry has won backing from a tribunal for reinstatement as executive chairman of Tata Sons, the holding company behind Indian conglomerate Tata Group, lawyers said on Wednesday, knocking shares in group companies.

U.S. stock index futures were flat on Wednesday as investors paused after Wall Street's record-setting spree, while FedEx eyed its worst day since September after cutting its annual profit forecast for the second time this year.

Fiat Chrysler and Peugeot maker PSA on Wednesday reached a binding agreement for their roughly $50 billion merger, as the auto industry scrambles to develop zero-emissions vehicles and tackle slowing demand.

Fiat Chrysler and Peugeot maker PSA have struck a binding deal to create the world's fourth biggest carmaker, and now face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories.

McDonald's has shut all its restaurants in Peru for two days of mourning after two of its employees died, the burger chain said on Twitter.

Fiat Chrysler Chief Executive Mike Manley will remain with the new group set to result from a planned merger with French rival PSA-Peugeot , Chairman John Elkann said on Wednesday.

U.S. Federal Reserve Governor Lael Brainard launched a broadside against Facebook's Libra digital currency project on Wednesday, saying it faces a "core set of legal and regulatory challenges" including clarity about how it would be tied to some basket of underlying assets.

An Indian tribunal on Wednesday ordered restoring Tata Sons' former executive chairman Cyrus Mistry to the position he had held until 2016, a lawyer involved in the case said.

Italy's Finance Minister Roberto Gualtieri on Wednesday welcomed the binding merger agreement between Fiat Chrysler and Peugeot maker PSA saying it was "good" and said Rome would keep on eye on the deal's effects on jobs and investments.

Oil prices fell on Wednesday after U.S. industry data showed a surprise build up in crude inventories but losses were kept in check by expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade row.

British American Tobacco (BAT) must stop advertising its e-cigarettes from any public account on Instagram, including some influencers' accounts, the UK's advertising watchdog ruled on Wednesday.

JPMorgan said on Wednesday it has received the final approval from Chinese regulators to set up a majority-owned securities venture in the country.

Fiat Chrysler has its own goals to meet next year, independently of its planned merger with Peugeot owner PSA , Chief Executive Mike Manley said on Wednesday.

Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry.