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Latest News on private equity markets

Airbus second-quarter profits rise and beat analyst forecasts

Airbus on Wednesday posted stronger-than-expected core second-quarter earnings, led by the switch to efficient new single-aisle jets, and maintained its profit forecast for the year while warning of delivery challenges in the second half.



3 years ago

After $6 billion M&A spree, insurer FWD eyes China foray ahead of potential IPO

Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the region's insurance sector.



3 years ago

Samsung says Japanese curbs cloud outlook as profit halves, shares fall

Samsung Electronics warned on Wednesday that Japanese curbs on the export of chip-making materials was blurring its outlook and said it would delay a plan to return money to shareholders due to "significant new challenges."



3 years ago

Airbus second-quarter profit rise beats forecasts, delivery challenges ahead

Airbus on Wednesday posted stronger-than-expected core second-quarter earnings, led by the switch to efficient new single-aisle jets, and maintained its profit forecast for the year while warning of delivery challenges in the second half.



3 years ago

Asian shares at six-week low on trade worry, pound under pressure

Asian shares fell on Wednesday to a six-week trough, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure.



3 years ago

Credit Suisse confirms 2019 target after second-quarter net profit jumps 45%

Credit Suisse on Wednesday posted its highest quarterly earnings in four years, confirming its 2019 profitability target after second-quarter earnings jumped 45%.



3 years ago

Roche, Spark extend $4.3 billion takeover again, this time to September 3

Roche and Spark Therapeutics announced another extension of the Swiss drugmaker's $4.3 billion takeover offer for the U.S. gene therapy specialist as regulatory reviews in the United States and Britain continue.



3 years ago

With Fed sure to cut rates, Powell on hook to flag next steps

The U.S. Federal Reserve is almost certain to cut interest rates for the first time in more than a decade on Wednesday, delivering a mild jolt to an economy that is facing headwinds from trade disputes and a global slowdown.



3 years ago

Lloyds Bank profits fall after fresh $669 million PPI charge

Britain's biggest mortgage lender Lloyds Banking Group posted weaker-than-expected pretax profits on Wednesday, as a further 550 million pound ($668.9 million) provision to meet claims for mis-sold insurance to consumers weighed on earnings.



3 years ago

Carmaker Aston Martin swings to a half-year loss

Aston Martin swung to a half-year pretax loss of 78.8 million pounds ($95.8 million) as profits were hit by expansion costs, lower average selling prices and weaker-than-anticipated volumes, the luxury British carmaker said on Wednesday.



3 years ago

German prosecutors charge ex-Audi boss Stadler over emissions cheating

German prosecutors said on Wednesday they had filed charges against former Audi Chief Executive Rupert Stadler, who is being investigated for his role in Volkswagen's emissions test cheating scandal.



3 years ago

EssilorLuxottica eyes bigger global retail network with $8 billion deal for GrandVision

EssilorLuxottica , the world's largest eyewear maker, announced on Wednesday it is buying Dutch optical retailer GrandVision in a cash transaction worth up to 7.2 billion euros ($8 billion) to expand its global retail network.



3 years ago

Oil rises for fifth straight day as market awaits Fed, stockpiles fall

Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the U.S. Federal Reserve, the first in more than 10 years.



3 years ago

Aston Martin slumps to half-year loss as European demand drops

Luxury British carmaker Aston Martin slumped to a half-year loss as profits were hit by a nearly 20 percent drop in European demand, the latest blow to the automotive sector.



3 years ago

Trade tensions weigh on stocks as markets await Fed verdict

Fresh trade war fears weighed on global stocks on Wednesday ahead of a U.S. Federal Reserve meeting with the dollar holding firm and Britain's pound subdued amid rising fears of no-deal Brexit.



3 years ago