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Latest News on private equity markets

Toyota lifts profit outlook, mulls alternatives to China-made parts amid virus outbreak

Toyota Motor Corp nudged up its annual operating profit forecast by 4.2% on favorable currency rates and better-than-expected sales, but added the impact of the new coronavirus was hard to gauge and had not yet been factored in.



5 years ago

Google Maps seeks business, transit reviews in new look as it turns 15

Alphabet Inc's Google Maps on Thursday launched a redesign that prominently solicits users' reviews and photos of places they visit, seeking to grow its data in a field led by local search apps such as Zomato, TripAdvisor and Yelp.



5 years ago

Total beats quarterly forecasts despite low oil price, raises payout

Total beat forecasts on Thursday by keeping net adjusted fourth-quarter profit steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy firm's shares.



5 years ago

EU trade chief Hogan returns to Washington as auto tariffs loom

European Trade Commissioner Phil Hogan returned to Washington on Thursday for talks with U.S. counterpart Robert Lighthizer designed to improve transatlantic ties as the threat of auto tariffs looms.



5 years ago

China tariff cut buoys stocks as investors look beyond virus

Stock markets across the world rose on Thursday, buoyed by record highs on Wall Street and a move by China to halve tariffs on some U.S. goods that emboldened bets that the global economy would avoid long-term damage from the coronavirus.



5 years ago

Exxon and Papua New Guinea should return to LNG negotiating table, says Total CEO

Exxon Mobil Corp and the Papua New Guinea government must return to the negotiating table so that a $13 billion expansion of gas production can proceed, the head of French oil major Total , a partner in the plan, said on Thursday.



5 years ago

Deutsche Bank shares soar after new shareholder steps in

Deutsche Bank on Thursday revealed that Los Angeles-based Capital Group has taken a 3.1% stake, boosting shares in Germany's largest bank which has been hit by losses and misconduct scandals.



5 years ago

Asia stocks rise, oil rebounds but China virus toll mounts

Asian stocks steadied on Wednesday as Chinese shares moved higher on hopes of additional stimulus to cushion the economic blow from a coronavirus outbreak, but risks remain as the illness continued to spread and the death toll neared 500.



5 years ago

GM rolls back 'radical' plan to offer only three-cylinder engines in some China cars: sources

General Motors is backtracking on an aggressive promotion of three-cylinder engines in China that saw some Buick and Chevrolet models offered only in that option - a move which proved highly unpopular and helped sales slide, people familiar with matter said.



5 years ago

Intel bets on smart buildings in Israel to attract tech talent

Intel Corp is investing heavily in "smart buildings" in Israel that will be full of perks to keep employees happy, helping the U.S. chipmaker compete for the country's top professionals.



5 years ago

Siemens posts weaker-than-expected first-quarter industrial profit

Germany's Siemens on Wednesday reported weaker-than-expected industrial profit during its first quarter as a downturn in the manufacturing sector hit its flagship digital industries business and its wind power unit suffered losses.



5 years ago

Mitsubishi sees virus outbreak to affect global economy, resource prices: CFO

Japanese trading house Mitsubishi Corp is closely watching the development of a spreading coronavirus in China as it will affect the global economy and prices of natural resources, its chief financial officer said on Wednesday.



5 years ago

Cold Turkey: investor exodus tests Erdogan's economic experiment

A run on the lira proved a pivotal moment for Turkey's financial markets in 2018, prompting action from Ankara that has tilted the economy inward and frightened off foreign investors.



5 years ago

Australia court fines AMP $3.5 million over incorrect insurance advice

Australia's Federal Court has ordered wealth manager AMP Ltd to pay a penalty of A$5.2 million ($3.5 million) for failing to prevent incorrect insurance advice by financial planners, the corporate watchdog said on Wednesday.



5 years ago

Oil climbs on hopes for output cuts to offset China virus impact

Oil prices rose on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China's fast-spreading coronavirus.



5 years ago