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Latest News on private equity markets

PSA Group profit jumps on pricing, Opel synergies

French carmaker PSA Group delivered a sharp increase in first-half profit, as new models and the integration of Opel-Vauxhall more than made up for weaker emerging-market sales.



4 years ago

Deutsche Bank posts second quarter loss of $3.51 billion on restructuring costs

Deutsche Bank on Wednesday said the German company posted a larger-than-expected loss of 3.15 billion euros ($3.51 billion) in the second quarter due to major restructuring costs.



4 years ago

KKR devours Tim Tam biscuits maker in $2.2 billion deal with Campbell

KKR & Co said it is buying Campbell Soup Co's Australian snacks unit Arnott's that will give it ownership of top-selling biscuit brands such as Tim Tam, in a deal local media reported was worth $2.2 billion.



4 years ago

Daimler second-quarter hammered by Takata, diesel charges

Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter.



4 years ago

Philippines' Jollibee buys Coffee Bean for $100 million in overseas push

Philippines' Jollibee Foods Corp (JFC) , a major Asian fast-food operator, said on Wednesday it had agreed to acquire U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of its rapid expansion outside its home market.



4 years ago

T-Mobile parent Deutsche Telekom schedules meeting as Sprint deal nears approval: report

Deutsche Telekom has scheduled a meeting of senior management on Wednesday as it expects U.S. regulators to approve the proposed merger of its T-Mobile US with rival Sprint , according to business daily Handelsblatt.



4 years ago

Daimler second-quarter hammered by one-off, diesel charges

Luxury car maker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter.



4 years ago

Daimler CEO says there are no plans to pursue a merger or spin-off

Daimler has no plans to spin off its trucks division or to pursue a merger with BMW as a way to raise the company's share price, Chief Executive Ola Kaellenius said on Wednesday.



4 years ago

Exclusive: Bearing brunt of trade war, Singapore chipmakers cut jobs

Caught between a Sino-U.S. trade war, political concerns over Chinese telecoms firm Huawei and slowing consumer demand, chipmakers in Singapore have started slowing production and laying off hundreds of jobs, firms told Reuters.



4 years ago

PSA-Opel savings drive new profit record, defying slump

French carmaker PSA Group delivered a sharp increase in first-half profit, defying a global industry downturn as new models and cost savings from the integration of Opel-Vauxhall more than made up for weaker emerging market sales.



4 years ago

Oil edges up on U.S. stocks fall, Mideast tensions, trade talk signs

Oil prices nudged higher on Wednesday on rising tensions over Iran, a sharp fall in U.S. crude stocks and positive signs on Sino-U.S. talks, although worries about weak demand kept a cap on gains.



4 years ago

Deutsche Telekom sets meeting as T-Mobile, Sprint deal nears approval: report

Deutsche Telekom has called a leadership meeting on Wednesday in expectation of U.S. regulatory approval of the proposed merger of its U.S. T-Mobile unit with rival Sprint , according to business daily Handelsblatt.



4 years ago

Asia stocks stay judgment on trade talks, euro pressured

Asian shares crept higher on Wednesday as the prospect of fresh Sino-U.S. trade talks drew a guarded welcome, while the euro hit lows on a range of counterparts amid speculation the European Central Bank was near to easing policy.



4 years ago

Trade talks keep stocks afloat, weak PMIs sink euro

Global shares crept higher on Wednesday as prospects of fresh China-U.S. trade talks drew a guarded welcome from investors, while dour data on euro zone economic activity hit the euro ahead of a European Central Bank policy meeting.



4 years ago

Deutsche Bank suffers $3.5 billion quarterly loss

Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion) because of major costs stemming from its efforts to reshape its business.



4 years ago