Outgunned by Chinese and Middle Eastern competitors and lacking the breadth of service of their U.S. rivals, European private equity firms are focusing on specific industries to compete on their home turf.
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Global dairy crisis simmers as supply overwhelms
The weak global diary market, hit by oversupply and a tail-off in Chinese demand that has driven international milk prices down by around 50 percent, is unlikely to pick up anytime soon, analysts say.
Mercedes recalls 147,000 cars in U.S. for engine fire risk
Daimler AG's (DAIGn.DE) Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires, the U.S. safety regulator said Saturday.
Canada's Valeant to acquire Salix in $10.1 billion deal
Canada's Valeant Pharmaceuticals International Inc.
Greece readies reform promises after Eurogroup climbdown
Greece's government prepared reform measures on Sunday to secure a financial lifeline from the euro zone, but was attacked for selling "illusions" to voters after failing to keep a promise to extract the country from its international bailout.
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Greece's struggles with its euro zone creditors may have grabbed much of the world's attention, but U.S. Federal Reserve Chair Janet Yellen is likely to reclaim the spotlight this week with testimony on a long-anticipated shift in policy.
Colombia will delay spending 6 trillion pesos ($2.44 billion), some 3 percent of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.
Spanish cable company Euskaltel has hired Rothschild as advisers to explore a potential partial listing on the stock exchange, business daily Expansion said on Saturday, citing sources close to the firm.
Canadian National Railway Co (CNR.TO) on Saturday again urged Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, to agree to binding arbitration and renewed its threat to lock out those workers on Monday.
U.S. West Coast ports will resume full operations from Saturday evening after a tentative labor deal was reached between a dockworkers union and a group of shippers, easing months of disruptions to trans-Pacific trade that have hit businesses from automakers to meat exports.
Activist investor Daniel Loeb said Fanuc Corp's plan to boost investments was not enough to fix its "blatant capital inefficiency", stepping up calls for the Japanese industrial robot maker to reward shareholders through major buybacks.
Honda Motor Co (7267.T) on Saturday praised an agreement to end a labor dispute at U.S. West Coast ports but said shipping delays will cost the company about 25,000 vehicles this month.
The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST (0600 GMT) on Saturday, according to the United Steelworkers union (USW).
Dubbed the "king of wines, the wine of kings" by Louis XV of France, Hungary's Tokaji wine is undergoing a makeover as the region hopes to regain fame lost in decades of mismanagement.
