Blackstone buyout fund raises $22 billion, to set record: source
Blackstone Group LP, the world largest alternative asset manager, has raised over $22 billion for its latest buyout fund, setting it on course to be the private equity industry’s biggest ever, a person familiar with the matter said on Wednesday.
Daimler opens Mercedes-Benz plant in Moscow region
German automaker Daimler officially opened a Mercedes-Benz factory near Moscow on Wednesday at a ceremony attended by President Vladimir Putin, marking a rare foreign investment into Russia’s car industry.
Renault scraps Ghosn’s pension as scandal deepens
Renault blocked former chief executive Carlos Ghosn’s pension on Wednesday, as the French carmaker said an internal probe had identified “questionable and concealed practices” by the fallen auto industry hero.
Hopes for U.S.-China trade, softer Brexit lift shares for fifth day
World stocks climbed for a fifth session on Wednesday amid optimism over U.S.-China trade talks and for a softer British exit from the European Union, while an unexpected rise in inventories boosted oil prices toward $70 per barrel.
German lawmakers ready to block public cash for Deutsche-Commerzbank
Lawmakers are warning Germany’s finance minister that they will block any attempt to invest public money into a merged Deutsche Bank and Commerzbank, a deal which could require up to 10 billion euros ($11.2 billion) of fresh capital.
Oil prices steady despite U.S. crude inventory build, Brent near $70 a barrel
Oil prices were little changed on Wednesday even after U.S. government data showed a surprise increase in crude inventories, as OPEC-led output cuts and U.S. sanctions kept the supply outlook tight enough to hold futures near five-month highs.
Boeing software under scrutiny as Ethiopia prepares crash report
Boeing anti-stall software forced down the nose of a doomed Ethiopian jet even after pilots had turned it off, sources told Reuters on Wednesday, as investigators scrutinize the role played by technology and crew in the fatal March 10 crash.
Trump signs order aimed at stopping counterfeit sales through Alibaba, Amazon, eBay, others
U.S. President Donald Trump has signed a memorandum setting in motion a way to address trafficking of counterfeit goods through third-party online marketplaces, White House economic adviser Peter Navarro said on Wednesday.
Wall Street rises on trade hopes, chip stocks at record highs
New York’s main stock indexes rose on Wednesday, extending a strong start to the quarter as a rally in chipmakers added to optimism over trade talks between the United States and China.
White House’s Kudlow says U.S.-China talks are progressing
Trade talks between the United States and China are progressing and both sides hope to get closer to a deal this week, White House economic adviser Larry Kudlow said on Wednesday as negotiators prepared to start a fresh round of talks in Washington.
