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Latest News on private equity markets

Asian shares up from three-week lows, but trade worries linger

A broad gauge of Asian equities made a slight recovery on Friday from three-week lows hit the previous day, with gains limited by investors' uncertainty over chances of China and the United States striking a preliminary deal soon to end their trade war.



6 years ago

Ford's China JV with Changan to return to sales growth in 2020-president

Auto sales at Ford Motor Co's China venture with Chongqing-based carmaker Changan are likely to turn positive next year, Changan’s president said on Friday.



6 years ago

Tesla's electric pickup truck flouts convention with angular design and armored glass

Tesla Inc on Thursday unveiled its electric pickup truck with a futuristic angular body in gunmetal gray that looked like an armored vehicle, as the California company took aim at the heart of Detroit automakers' profits.



6 years ago

Mediaset and Vivendi fail to reach truce ahead of court hearing: sources

Italy's Mediaset and France's Vivendi failed to reach an out-of-court agreement to end years of legal disputes ahead of a court hearing scheduled on Friday, two sources close to the matter said.



6 years ago

Global shares inch up, but trade worries linger

Global stocks inched up on Friday, lifted by China's renewed offer to work out a trade pact with Washington, but gains were limited by uncertainty over how the 16-month-old trade war plays out and how much it may undermine the world economy.



6 years ago

No truce in Mediaset, Vivendi battle ahead of court hearing -sources

Italian broadcaster Mediaset and its No. 2 investor Vivendi have not yet reached an agreement to end years of legal fighting ahead of a court hearing on Friday, two sources close to the matter said.



6 years ago

Battling slowing sales, insurer AIA hires new CEO from rival Ping An

Asia-focussed insurer AIA Group Ltd on Friday named a senior executive at Chinese rival Ping An Insurance Group Co as its chief executive officer to replace company veteran Ng Keng Hooi.



6 years ago

KKR reaches halfway in $3 billion Asia infrastructure fundraising: source

Global private equity group KKR & Co has raised $1.5 billion for its first Asia-focused infrastructure fund, roughly half the total targeted, one person with direct knowledge said. KKR began to target Asia's infrastructure sector with a series of hires beginning about a year ago and launched its fundraising in 2019.



6 years ago

China's Xi: Should strengthen communication with U.S. to avoid misjudgment - Xinhua

Chinese President Xi Jinping said on Friday that Beijing and Washington should strengthen communication on strategic issues in order to avoid misjudgment and misunderstanding, China's official Xinhua News Agency reported.



6 years ago

South African Airways signs wage deal with non-striking union

South African Airways (SAA) signed a deal on Friday with a union not involved in a strike that has crippled the heavily indebted carrier, giving its members a 5.9% pay rise backdated to April.



6 years ago

Tesla's electric pickup breaks the mould with angular design and armored glass

Tesla Inc on Thursday unveiled its electric pickup, a truck with a futuristic angular body in gunmetal gray that resembled an armored vehicle and takes aim at the heart of Detroit automakers' profits.



6 years ago

Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

Sanofi's executive vice president in charge of strategy and business development, Muzammil Mansuri, a member of the French drugmaker's executive committee, will leave the firm by the end of the month, according to a memo seen by Reuters.



6 years ago

Stock futures edge higher as China fuels trade deal optimism

U.S. stock index futures rose on Friday as latest comments from China lifted hopes of a trade deal after conflicting headlines this week knocked Wall Street off record highs.



6 years ago

Factbox: Tesla, Detroit, Amazon-backed Rivian race to electrify pickup trucks

Tesla Inc debuted its electric pickup truck Cybertruck on Thursday, joining a list of automakers and start-ups that have been working on electrifying pickup trucks - the heart of the Detroit automakers' profits.



6 years ago

Tesla's cybertruck launch takes hit as 'shatterproof' windows crack

Tesla Inc's highly anticipated unveiling of its futuristic pickup truck suffered a setback after its "armored glass" windows shattered during a demonstration.



6 years ago