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Latest News on private equity markets

Swiss franc falls as central bank intervention talk outweighs virus worries

The Swiss franc fell on Wednesday on signs the central bank may be intervening to stop it rising further, outweighing the impact of concerns about the spread of a new coronavirus that have driven investors into safe-haven assets this week.



5 years ago

Johnson & Johnson quarterly profit jumps 32%

Johnson & Johnson on Wednesday posted a 32% rise in fourth-quarter profit, boosted by demand for its cancer drugs Darzalex and Imbruvica.



5 years ago

Jaguar Land Rover to cut 10% of workforce at UK Halewood factory

British carmaker Jaguar Land Rover (JLR) said on Wednesday it will cut around 10% of the workforce at its northern English Halewood factory as it changes shift patterns to boost efficiency at the site.



5 years ago

Google CEO eyes major opportunity in healthcare, says will protect privacy

Sundar Pichai, the CEO of Alphabet Inc and its Google subsidiary, said on Wednesday that healthcare offers the biggest potential over the next five to 10 years for using artificial intelligence to improve outcomes, and vowed that the technology giant will heed privacy concerns.



5 years ago

Canadian prosecutor set to defend U.S. request to extradite Huawei CFO Meng

Canadian prosecutors are expected to defend on Wednesday their case to extradite Huawei Chief Financial Officer Meng Wanzhou to the United States saying Meng was arrested on charges of bank fraud, which is a crime in both countries, and not because of U.S. sanctions against Iran as argued by the defense.



5 years ago

Explainer: As Britain decides, Europe grapples with Huawei conundrum

Britain's impending decision on whether to allow Huawei [HWT.UL] to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology.



5 years ago

Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper

Elliott Management sold all its shares in Hyundai Motor Group companies last year, a South Korean newspaper reported on Wednesday, after the U.S. activist hedge fund's campaign demanding 7 trillion won ($6 billion) in dividends and board seats was thwarted in March.



5 years ago

Daimler warns 2019 profits to halve as problems deepen

German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry's diesel emissions scandal, heavy investment in electric vehicles and production problems.



5 years ago

Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: sources

Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM which wants as much as 49% while Japan Airlines is looking at a 25% stake, sources with knowledge of the matter said.



5 years ago

Facebook targets UK growth with 1,000 hires this year

Facebook will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union.



5 years ago

Japan's Aeon aims to start selling eco-certified sushi in time for Olympics

Japanese supermarket chain Aeon Co Ltd , Asia's biggest retailer by sales, said it aims to start selling eco-certified sushi this year amid growing demand for sustainable seafood and in time for an expected surge in tourists during the summer Olympics.



5 years ago

BP's CFO Brian Gilvary to retire in June, insider to move into role

Oil major BP Plc said on Tuesday its finance chief Brian Gilvary will be retiring after eight years in the role, with the announcement coming just two weeks before Bernard Looney takes over as chief executive officer.



5 years ago

Oil prices fall nearly 1% as supply concerns ease

Oil prices fell nearly one percent on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.



5 years ago

Japan's Aeon aims to serve eco-certified sushi in time for Olympics

Japanese supermarket chain Aeon Co Ltd , Asia's biggest retailer by sales, said it aims to start selling eco-certified sushi this year amid growing demand for sustainable seafood and in time for an expected surge in tourists during the Tokyo Olympics.



5 years ago

Uber sells Indian Eats business to Zomato in move to cut losses

Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial.



5 years ago