Latest News on private equity markets

Ferrari will issue its first fully electric model after 2025, with battery technology still requiring more development, Chief Executive Louis Camilleri said.

The European carmakers' association (ACEA) has appointed Fiat Chrysler Chief Executive Mike Manley as its new president from January 2020, it said on Thursday.

Citigroup and Credit Suisse have dropped out of the U.S. initial public offering (IPO) of Chinese shared workspace provider Ucommune, baulking at its desired valuation, two people with direct knowledge of the matter said.

China has raised "important concerns" with Boeing Co regarding design changes proposed to end the grounding of the Boeing 737 MAX airliner, Beijing's aviation regulator said on Thursday, declining to say when it might fly in China again.

The battle for Britain's Just Eat, which pits investment giant Prosus against Dutch food ordering service Takeaway.com, is set to roll on through the Christmas holidays.

Saudi Aramco hit the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares clocked up a second day of gains, defying some scepticism about the state-owned oil firm's long-term value.

Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts as well as lower expected production by the United States and other non-OPEC nations, the International Energy Agency (IEA) said on Thursday.

Haier, the world's biggest maker of household appliances, is planning a major restructuring that will see its main unit Haier Smart Home list in Hong Kong to take another group company valued at $7.7 billion private, two people with direct knowledge of the matter said.

Saudi Aramco topped the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as the state-owned oil firm's shares soared for a second day, defying some scepticism about their long-term value.

World shares took a fresh run at record highs on Thursday, as all the right messages from the U.S. Federal Reserve set traders up nicely for a packed day of milestone central bank meetings and a Brexit-defining election in Britain.

Saudi Aramco's shares jumped 10% at market open on Thursday to 38.7 riyals, implying a market value of $2 trillion, before dipping in early trade, Refinitiv data showed.

China and the United States are in close communication on trade, its commerce ministry said on Thursday, declining to comment on possible retaliatory steps if Washington imposes more tariffs on Chinese goods this weekend.

Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year.

China's aviation regulator raised "important concerns" with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China.

Saudi Aramco achieved the $2 trillion valuation sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as the newly-listed state-owned oil company's shares rose sharply on their second day of trading.