Latest News on private equity markets

Asia stocks edge up cautiously as Fed jitters build, Europe seen lower

Most Asian stock markets rose on Tuesday but gains were capped by investor caution ahead of a U.S. Federal Reserve policy decision, while crude oil prices dipped as global growth worries overshadowed supply concerns.



6 years ago

Renault-Nissan alliance remains priority for French finance minister

Renault's alliance with Japanese partner Nissan remains French Finance Minister Bruno Le Maire's priority ahead of any further consolidation with the likes of Fiat-Chrysler, he said on Tuesday.



6 years ago

Alibaba puts CFO in charge of investment in major management reshuffle

China's Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth.



6 years ago

Air Lease signs long-term lease placements for four Airbus jets

Air Lease Corporation said on Tuesday it had signed long-term lease placements for two new Airbus A320neo and two Airbus A321neo LR aircraft with Japan's Peach Aviation Ltd.



6 years ago

Volkswagen aims to boost in-house software development to 60% by 2025

Volkswagen said on Tuesday it would put 5,000 digital experts into a new unit called "Car.Software" by 2025 as the German carmaker aims to develop at least 60% of its software in-house by then, up from less than 10% currently.



6 years ago

AB Volvo to partner with Nvidia to develop AI platform for driverless trucks

Sweden's AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.



6 years ago

Facebook reveals Libra cryptocurrency, with lofty goals

Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.



6 years ago

Factbox: Facebook's new cryptocurrency Libra and digital wallet Calibra

Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.



6 years ago

From gas in Russia to China-bound plastics, Austria's OMV shifts focus for growth

After years of largely banking on low-cost Russia for growth, OMV is shifting attention towards the Middle East as its chemist chief executive chases his vision of making the Austrian oil and gas group a major supplier of plastics.



6 years ago

Draghi shock hits euro, boosts stocks

European shares rallied and the euro took a sharp hit on Tuesday in a knee-jerk reaction to European Central Bank President Mario Draghi's comments indicating a possibility of new rate cuts or asset purchases.



6 years ago

Truckmaker Volvo to partner with Nvidia to develop AI for driverless vehicles

Sweden's AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.



6 years ago

Northrop engine teams with Raytheon hypersonic program

Raytheon Co said on Tuesday it has teamed up with Northrop Grumman Corp to develop and produce engines for hypersonic weapons that can travel 4,000 miles per hour.



6 years ago

AirAsia to convert 253 orders for Airbus A320neo planes to larger A321neo

AirAsia Group has decided to convert 253 orders for Airbus' A320neo planes to the larger A321neo model, making AirAsia the world's largest customer for the A321neo.



6 years ago

Nvidia boosts self-driving AI business with Volvo trucks deal

Sweden's AB Volvo is joining forces with Nvidia to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was ditched by Tesla last year.



6 years ago

AirAsia to convert 253 orders for Airbus A320neo planes to larger A321neo type

AirAsia Group has decided to convert 253 orders for Airbus' A320neo planes to the larger A321neo model, Airbus said on Tuesday.



6 years ago