Latest News on private equity markets

Renault has no problems in relations with French state: chairman

Renault Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.



5 years ago

Renault's Senard says it does not need to merge with Nissan

Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi .



5 years ago

H&M set to cancel furloughs for 2,500 at Stockholm headquarters

H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be able to return to work by July.



5 years ago

Renault and Nissan rule out merger as they unveil survival plan

Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and instead said they would cooperate more closely on vehicle development to slash costs and salvage their troubled alliance.



5 years ago

Ryanair says holiday bookings surge, sees Britain dropping quarantine

Ryanair expects Britain to join European nations in dropping COVID-19 quarantine plans in the coming weeks, Chief Executive Michael O'Leary said in an interview on Wednesday, reporting a "big surge" in holiday bookings from the country.



5 years ago

China's Chery Auto plans to sell cars in EU, United States: chairman

China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the European Union and United States for the first time, its chairman said.



5 years ago

Hugo Boss sees recovery in third quarter at earliest

Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the coronavirus pandemic, the chief executive of German fashion house said on Wednesday.



5 years ago

Huawei Meng's U.S. extradition case hinges on key ruling in Canada on Wednesday

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.



5 years ago

Explainer: What happens next in Huawei CFO's U.S. extradition case

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Co Ltd's Chief Financial Officer Meng Wanzhou's extradition to the United States. The judge will rule on double criminality, meaning whether the charges against Meng were illegal in both Canada and the United States at the time of her December 2018 arrest.



5 years ago

Oil falls on U.S.-China tensions over Hong Kong

Oil prices fell on Wednesday after U.S. president Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong.



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H&M sees furloughed HQ staff returning to work in July

Sweden's H&M expects the 2,500 furloughed staff at its headquarters in Stockholm to return to work in July, the world's second-largest fashion retailer said on Wednesday.



5 years ago

Exclusive: Google faces antitrust case in India over payments app - sources

India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.



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Factbox: Renault and Nissan's plan to rebuild their alliance

The automaking alliance of Renault SA , Nissan Motor Co and Mitsubishi Motors Corp outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.



5 years ago

Oil prices rise on supply cut hopes, easing of coronavirus lockdowns

Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world.



5 years ago

Chile's LATAM Airlines files for U.S. Chapter 11 bankruptcy protection

LATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and U.S. have filed for Chapter 11 bankruptcy protection in the United States, due to a slump in travel worldwide amid the coronavirus crisis.



5 years ago