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Latest News on private equity markets

Trading house Mitsubishi voices concern over coronavirus impact

Japan's Mitsubishi Corp is watching developments from the coronavirus outbreak for effects on the global economy and prices of natural resources, its finance chief said after the trading house reported a drop in net profit



5 years ago

Malaysia's AirAsia X forms committee to review Airbus bribery allegations

Malaysian long-haul budget airline AirAsia X has formed a board committee to review corruption allegations by Britain's Serious Fraud Office (SFO), a stock exchange filing showed on Wednesday.



5 years ago

Argentina's 'little trees' blossom as forex controls fuel black market

On the streets of Buenos Aires, money changers known as "arbolitos" or "little trees" are taking advantage of Argentina's capital controls to take a slice of a booming black market trade in U.S. dollars.



5 years ago

With Tesla stock envy, GM hopes to sell investors on its EV, tech future

General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker is expected to make the case that its EV and self-driving technology strategy deserves a higher value.



5 years ago

Adidas closes 'considerable' number of shops in China due to coronavirus

German sportswear company Adidas on Wednesday said it was closing a "considerable" number of its shops in China, where the fast-spreading coronavirus has killed nearly 500 people and infected thousands.



5 years ago

Teaching financial education in schools finally catches on

Twenty-one states now require a high school student to take personal finance course to graduate, up from 17 in 2018, according to a new report.

5 years ago

Ford shares fall 8% after disappointing 2020 profit outlook

Shares of Ford Motor Co fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also criticized the company's management for holding back details on the earnings shortfall.



5 years ago

Adidas closes 'considerable' number of stores in China due to coronavirus

German sportswear company Adidas on Wednesday said it was temporarily shutting a "considerable" number of its stores in China due to the coronavirus outbreak which has killed nearly 500 people and infected thousands.



5 years ago

Futures jump on reports of coronavirus treatment breakthroughs

U.S. stock index futures surged on Wednesday on reports of medical breakthroughs in the fight against the fast-spreading coronavirus and expectations of more stimulus from China to limit the economic fallout of the epidemic.



5 years ago

Analyst warns young investors to watch out for Tesla bubble: 'Not to sound like an OK, boomer'

Barclays said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.

5 years ago

Nasdaq opens at record high on private jobs data, virus treatment talks

Nasdaq hit a record high at the open on Wednesday following a strong monthly domestic private jobs data and on reports of treatments to fight the fast-spreading coronavirus.



5 years ago

GM forecasts flat 2020 profit after a rough 2019; shares gain

General Motors Co on Wednesday forecast flat profits for 2020 and reported a better-than-expected fourth quarter result as it kicked off a new effort to win over investors stampeding into shares of electric car rival Tesla Inc .



5 years ago

U.S. trade deficit shrinks in 2019 for first time in six years

The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.



5 years ago

European nail care demand drives Coty's profit beat; shares jump 10%

Coty Inc beat Wall Street estimates for quarterly profit and revenue on Wednesday as it sold more nail care products to salons and beauty professionals in Europe, sending its shares up 10% in premarket trading.



5 years ago

Qatar Airways swoops for RwandAir stake and eyes bigger LATAM holding

Qatar Airways is in talks to buy a 49% stake in Africa's RwandAir and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday.



5 years ago