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Latest News on private equity markets

Hong Kong exchange shares fall as political risks of $39 billion LSE approach weigh

Shares in the Hong Kong stock exchange fell more than 3% on Thursday as investors cast doubt on the merits of its $39 billion takeover approach to London Stock Exchange Plc (LSE) , a deal that would create a global financial giant.



5 years ago

BAT cutting 2,300 jobs as new CEO Bowles spurs changes

British American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January, about 4% of its workforce, as the world's second largest tobacco company by sales focuses on newer smoking options such as e-cigarettes.



5 years ago

Nissan China head, turnaround executive among top candidates for CEO: sources

The head of Nissan Motor Co's China business and an executive tasked with leading its revival have emerged as two of the top candidates to take over as the next CEO of the troubled Japanese automaker, four people familiar with the matter said.



5 years ago

As trade war deepens, a state-owned insurer in China helps soften the blow

As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers unwilling or unable to pay mounting tariffs.



5 years ago

AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

The world's largest brewer, Anheuser-Busch InBev , which shelved a Hong Kong IPO of its Asia Pacific unit in July, is planning to raise about $5 billion from a revived float, people with knowledge of the matter said.



5 years ago

Mexico's $5 billion debt bailout for Pemex 'a one off': deputy minister

Mexico's $5 billion rescue package to pay down debt at Pemex [PEMX.UL] is a one-of-a-kind transaction that should give the struggling state oil company breathing space to focus on output and costs, Deputy Finance Minister Gabriel Yorio said.



5 years ago

China says firms have started inquiring about U.S. agri buys

China's Commerce Ministry said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a thaw emerging in a bitter trade war between the two countries.



5 years ago

Nigeria and Iraq pledge to cut output to meet OPEC targets

Iraq's and Nigeria's oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets.



5 years ago

China says firms have started inquiring about U.S. agriculture buys

China's Commerce Ministry said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a thaw emerging in a bitter trade war between the two countries.



5 years ago

Political risks of Hong Kong exchange's $39 billion LSE approach takes toll on shares

Hong Kong stock exchange shares fell more than 3% on Thursday as investors raised concerns about the political and regulatory risks involved in its $39 billion approach to take over London Stock Exchange (LSE) .



5 years ago

Waymo eyes deploying self-driving technology in trucking: CEO Krafcik

Waymo is exploring deploying its self-driving technology in the trucking industry, CEO John Krafcik said on Thursday, as it works with industry partners to seize a commercial opportunity from a looming shortage of human drivers.



5 years ago

Huawei's device business earned 11 billion yuan in first half of 2019: filing

Huawei Technologies' device business, comprising mainly smartphones, made a 11 billion yuan ($1.55 billion) profit in the first half of this year - as much as it earned in all of 2018 - a rare regulatory filing showed.



5 years ago

BAT stubs out 2,300 jobs as new CEO tackles tobacco sector changes

British American Tobacco plans to lay off 4% of its workforce, including a fifth of senior managers, as recently-promoted chief executive Jack Bowles grapples with challenges to the group's legacy products and health fears over vaping.



5 years ago

Low-cost fracking offers boon to oil producers, headaches for suppliers

At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000.



5 years ago

China says firms have started inquiring about U.S. agriculture purchases

China said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a potential de-escalation in a bitter trade war between the two countries.



5 years ago