Latest News on private equity markets

Liechtenstein-based financial group LGT will be split into three separate firms in 2021, all directly held by the Prince of Liechtenstein Foundation, LGT said on Tuesday.

Nivea-maker Beiersdorf said on Tuesday its La Prairie premium skincare brand and sun care products have been hit by the drop in international travel due to the coronavirus pandemic while sales of hand wash, hand creams and plasters jumped.

Stock markets snapped a three-day losing streak on Tuesday and oil was on its longest run of gains in nine months as moves to ease major economies out of their coronavirus lockdowns lifted sentiment.

Microsoft will invest $1 billion in Poland as part of a plan that will involve opening a data centre in the country to provide cloud services to businesses and government institutions, the company said in a statement on Tuesday.

The government is ready to back a rescue package for Thai Airways International Pcl , but it will entail a full restructuring and there will be no second chances, the prime minister.

Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any recovery kicks in after first quarter sales fell by 17%, which knocked its shares.

U.S. stock index futures rose on Tuesday, building on gains in the previous session, as oil prices jumped and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.

Thomson Reuters Corp on Tuesday reported higher quarterly sales and operating profit but cut is full-year sales outlook, citing unprecedented disruption in the global economy.

A German federal court judge cast doubt on Volkswagen's reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van.

A target to reduce carbon emissions to net zero by 2050 does not mean Spanish oil and gas firm Repsol will stop producing oil though it will focus on certain projects, Chief Executive Josu Jon Imaz said on Tuesday.

Fiat Chrysler said on Tuesday it turned to a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus.

Low cost airline Wizz Air said it is planning for the easing of travel restrictions by starting new routes from Britain's London Luton airport to holiday destinations in Portugal from 16 June and to Greece from July.

Thomson Reuters reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday, while cutting its full-year sales outlook due to disruption to the global economy from the coronavirus pandemic.

As U.S. lockdowns and fears of the coronavirus pandemic stretch into a third month, who wants to take an Uber ride?

Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company's virtual annual general meeting on Tuesday.