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Latest News on private equity markets

Weapon of choice? China rare earth prices soar on their potential role in trade war

Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponize its supply-dominance of the prized minerals in its trade war with Washington.



3 years ago

Swiss regulator fines banks for fixing forex trading

Five banks have been fined a total of 90 million Swiss francs ($90.53 million) for colluding to rig the foreign exchange market, Switzerland's competition authority said on Thursday.



3 years ago

Global shares subdued as trade risk sours rate hopes

Share markets were in a muted mood on Thursday as fears the U.S. trade tussle with Mexico would further depress global growth warred with wagers central banks would have to respond with fresh stimulus.



3 years ago

Exclusive: Foxconn to reveal management overhaul as Gou sets sights on presidency - source

Apple supplier Foxconn is planning to overhaul its management structure in a move that would see more senior executives involved in the running of its daily operations, a person with direct knowledge of the matter told Reuters.



3 years ago

Trump threatens China with further $300 billion of tariffs

U.S. President Donald Trump threatened to hit China with "at least" another $300 billion of tariffs but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States.



3 years ago

French bank Credit Agricole targets net profits of 5 billion euros in 2022

French bank Credit Agricole unveiled a new set of higher profit targets for 2022 after it had met its 2019 targets a year ahead of schedule, and said it now expected annual net profits above 5 billion euros ($5.6 billion) in 2022.



3 years ago

Credit Agricole CEO says no pressure, no need to grow via M&A

Credit Agricole's Chief Executive Philippe Brassac said his bank will focus on organic growth in the coming three years as it has no pressure or need to expand through acquisitions.



3 years ago

Venezuela to open PDVSA office in Moscow this month: Ifax

Venezuela's state oil company PDVSA plans to open an office in Moscow this month, Interfax news agency cited Venezuela's oil minister as saying on Thursday during a trip to the Russian city of St Petersburg.



3 years ago

France engaged constructively in failed FCA-Renault talks: Le Maire

France's finance minister said on Thursday following the collapse of merger talks between Fiat Chrysler (FCA) and Renault that the government had engaged constructively but failed to win the support of Renault's Japanese partner, Nissan.



3 years ago

Renault and Fiat shares skid after $35 billion merger deal collapses

Shares in carmakers Renault and Fiat Chrysler (FCA) both fell sharply on Thursday after Fiat Chrysler abandoned its $35 billion merger offer.



3 years ago

Exclusive: Foxconn plans management overhaul as Chairman Gou seeks Taiwan presidency - source

Apple supplier Foxconn is planning to overhaul its management structure to get more senior executives involved in the running of its daily operations, a person with direct knowledge of the matter told Reuters.



3 years ago

France hopes 'door not closed' on FCA/Renault deal: French budget minister

French budget minister Gerald Darmanin said he hoped the door had "not closed" on the possibility of a merger between Fiat Chrysler (FCA) and Renault and added France would be happy to re-examine any new proposal from Fiat.



3 years ago

Richard Branson takes satellite launch business to Japan with airline ANA

Sir Richard Branson's Virgin Orbit said on Thursday it plans to bring its satellite launch system to Japan in partnership with airline operator ANA Holdings Inc, which will provide maintenance and possibly aircraft.



3 years ago

Rolls-Royce strikes UK's biggest pension deal with insurer L&G

Rolls-Royce agreed Britain's largest ever transfer of corporate pension risk, announcing on Thursday it would shift 4.6 billion pounds ($5.8 billion) of assets to insurer Legal & General.



3 years ago

FCA and Renault shares drop after merger talks collapse

Shares in Fiat Chrysler (FCA) and Renault fell sharply in early trading on Thursday after their $35 billion-plus merger plan fell apart only 10 days after being made public, with FCA blaming French politicians.



3 years ago