Latest News on private equity markets

Lufthansa summer bookings looking good: CEO in NZZ

Bookings for the summer months are looking good, the chief executive of Lufthansa told a newspaper, adding that the airline's performance would improve in coming quarters after a weak start to the year.



3 years ago

SoftBank Group to book 1.2 trillion yen profit on Alibaba share sale

Japan's SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China's Alibaba Group Holding Ltd.



3 years ago

Shell eyes dividend and spending boost after 2020

Royal Dutch Shell on Tuesday outlined plans to increase spending and dividends after 2020 in a show of confidence by the energy company despite an uncertain outlook for oil and gas prices.



3 years ago

Exclusive: Pile drive - China expected to divert outstanding U.S. soybean cargoes into reserves

China will stockpile up to 7 million tonnes of soybeans bought from the United States during an earlier truce in the trade war between the nations, two traders familiar with the matter said, rather than crush them for immediate sale as a feed ingredient.



3 years ago

Tech problems keep stocks soft; bonds stay strong

Stock markets remained under pressure on Tuesday as worries about a clampdown on the world's internet and social media giants compounded mounting global trade and recession jitters.



3 years ago

China warns its companies on U.S. travel, rebuffs trade criticism

China warned its companies operating in the United States on Tuesday they could face harassment from U.S. law enforcement agencies, as it also rebuffed U.S. criticism of a trade white paper as "singing the same old tune".



3 years ago

Five years after MH17 downing, airline conflict alert system remains patchy

When Pakistan closed its airspace during conflict with India in February, Malaysia Airlines was not one of the carriers left scrambling to re-route flights because it had already done so two weeks earlier, the carrier's chief executive said.



3 years ago

Activist hedge fund CIAM will 'strongly oppose' FCA-Renault deal

Activist hedge fund CIAM has written to the board of French automaker Renault to say it "strongly opposed" a planned $35 billion merger with Fiat Chrysler.



3 years ago

CVS to expand health hubs to 1,500 stores by end of 2021

CVS Health Corp said it will offer expanded health services such as nutrition counseling and blood pressure screenings in 1,500 stores by the end of 2021, following through on plans announced during the pharmacy chain's 2018 acquisition of health insurer Aetna.



3 years ago

IRS looking into Uber 2013-14 tax returns

Uber Technologies Inc is currently under a federal income tax examination by the Internal Revenue Service (IRS) for tax years 2013 and 2014, the ride-hailing company said in a filing https://www.sec.gov/Archives/edgar/data/1543151/000162828019007524/0001628280-19-007524-index.htm) on Tuesday.



3 years ago

U.S. firms fret as China's FedEx probe, planned hit-list heightens trade frictions

The sudden deterioration in trade talks between the United States and China last month has ratcheted up concerns among U.S. firms that the dispute could go beyond tariffs and affect business in the long-term.



3 years ago

Exclusive: SEC probes Siemens, GE, Philips in alleged China medical equipment scheme

The U.S. Securities and Exchange Commission is investigating Siemens AG, Philips NV and General Electric Co for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, two U.S. sources with knowledge of the matter told Reuters.



3 years ago

Pernod confident on Asia, Jacob's Creek selling well in China

Drinks group Pernod Ricard, which is being targeted by activist investor Elliot, sounded confident on Tuesday over its growth prospects in Asia including for wines such as its Jacob's Creek brand.



3 years ago

FCA-Renault tie-up clears French hurdles before board meeting: sources

Fiat Chrysler has resolved key differences with France over its proposed merger with Renault, three sources told Reuters on Tuesday, as the French carmaker's board met to review the $35 billion tie-up plan.



3 years ago

Wall St. opens higher on rate cut hopes

U.S. stocks opened higher on Tuesday after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth.



3 years ago