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ABB buys Siemens's wiring accessories business in China

UPDATE 1-ABB buys Siemens's wiring accessories business in China Adds detail in paragraphs 3-5 ZURICH, May 17 (Reuters) - ABB ABBN.S has agreed to buy the wiring accessories business of German rival Siemens SIEGn.DE in China, the Swiss engineering group said on Friday. The acquisition will broaden ABB's market reach and complement its regional customer offering within smart buildings, the company said.
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Rupee little changed, likely RBI intervention counters slip in Asian peers

INDIA RUPEE-Rupee little changed, likely RBI intervention counters slip in Asian peers By Jaspreet Kalra MUMBAI, May 17 (Reuters) - The Indian rupee was largely unchanged on Friday as dollar sales from state-run banks, likely on behalf of the Reserve Bank of India (RBI), curbed weakness in the currency even as its Asian peers slipped. The rupee INR=IN was at 83.48 against the U.S.

Stocks drift on uncertainty over timing of US rate cuts

GLOBAL MARKETS-Stocks drift on uncertainty over timing of US rate cuts Updates at 0512 GMT By Ankur Banerjee SINGAPORE, May 17 (Reuters) - Asian stocks slipped on Friday as traders pondered the near term U.S. monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.
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Kaynes Technology India surges on strong Q4 earnings

BUZZ-Kaynes Technology India surges on strong Q4 earnings ** Shares of integrated electronics manufacturer Kaynes Technology India KAYN.NS rise as much as 14.9% to 2,950 rupees, last up 12.5% ** Co reports nearly doubled Q4 profit; revenue up ~75% ** Investec says it finds results slightly ahead of estimates ** Adds ramp up of vols from Mahindra an

Merlin Properties Appoints Jose Luis de Mora As Chairman

BRIEF-Merlin Properties Appoints Jose Luis de Mora As Chairman May 17 (Reuters) - Merlin Properties MRL.MC : SAID ON THURSDAY IT HAD ACCEPTED AND APPROVED RESIGNATION OF JAVIER GARCIA-CARRANZA BENJUMEA AS MEMBER OF ITS BOARD OF DIRECTORS OF (AND CHAIRMAN OF SUCH BODY) APPROVED APPOINTMENT BY CO-OPTATION OF JOSE LUIS DE MORA GIL-GALLARDO, WITH CATEG
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ABB buys Siemens's wiring accessories business in China

UPDATE 1-ABB buys Siemens's wiring accessories business in China Adds detail in paragraphs 3-5 ZURICH, May 17 (Reuters) - ABB ABBN.S has agreed to buy the wiring accessories business of German rival Siemens SIEGn.DE in China, the Swiss engineering group said on Friday. The acquisition will broaden ABB's market reach and complement its regional customer offering within smart buildings, the company said.
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G7 to back EU line on frozen Russian assets, Italian official says

RPT-UPDATE 1-G7 to back EU line on frozen Russian assets, Italian official says Repeats story published on Thursday with no change to text G7 finance chiefs meet in Italy next week Italian official says seizure of Russian assets not viable Italy aims to unblock talks on taxing multinationals By Giuseppe Fonte and Gavin Jones ROME, May 16 (Reuters) - Finance ministers from the Group of Seven major democracies meeting in Italy next week will back a European Union plan to use the income from frozen

Prosus, Naspers name Fabricio Bloisi as CEO

Prosus, Naspers name Fabricio Bloisi as CEO May 17 (Reuters) - Dutch technology investor Prosus PRX.AS and its South African parent Naspers NPNJn.J on Friday named Fabricio Bloisi as CEO, replacing long-time boss Bob van Dijk who stepped down in September. Reporting by Radhika Anilkumar and Prerna Bedi in Bengaluru; Editing by Varun H K

Saipem Wins Around $850 Mln, Offshore Contract For Ndungu Field Project In Angola

BRIEF-Saipem Wins Around $850 Mln, Offshore Contract For Ndungu Field Project In Angola May 17 (Reuters) - Saipem SPM.MI : SAID ON THURSDAY IT WON NEW OFFSHORE CONTRACT FROM UNIT OF AZULE ENERGY ANGOLA FOR NDUNGU FIELD PROJECT IN ANGOLA, TOTAL AMOUNT AROUND $850 MLN WILL FOCUS ON ENGINEERING, FABRICATION, AND INSTALLATION OF AROUND 60 KM OF RIGID P
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South Korea’s KFA tenders for up to 69,000 T corn, traders say

South Korea’s KFA tenders for up to 69,000 T corn, traders say HAMBURG, May 17 (Reuters) - South Korea’s Korea Feed Association (KFA) has issued an international tender to purchase up to 69,000 metric tons of animal feed corn to be sourced from South America or South Africa only, European traders said on Friday. The deadline for submission of price offers in the tender from the KFA’s Busan section is also Friday, May 17. The corn was sought for arrival in South Korea in one consignment aro

Australia's Torque Metals hits over 3-month high on completion of drilling at flagship project

BUZZ-Australia's Torque Metals hits over 3-month high on completion of drilling at flagship project ** Shares of Torque Metals TOR.AX rise as much as 26.5% to A$0.215, hitting their highest level since Feb. 8 ** Stock currently up 20.6%, on track to best day since April 4 if gains hold ** Gold miner says extension drilling completed at flagship ons

Cellnex Finance Completes Pricing Of Euro-Denominated Bond Issuance

BRIEF-Cellnex Finance Completes Pricing Of Euro-Denominated Bond Issuance May 17 (Reuters) - Cellnex CLNX.MC : SAID ON THURSDAY CELLNEX FINANCE HAD SUCCESSFULLY COMPLETED PRICING OF EUR-DENOMINATED BOND ISSUANCE ISSUANCE FOR EUR 750 MILLION ISSUANCE AIMED AT QUALIFIED INVESTORS UNDER ITS EURO MEDIUM TERM NOTE PROGRAMME AND GUARANTEED BY CELLNEX BON
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African Markets - Factors to watch on May 17

African Markets - Factors to watch on May 17 NAIROBI, May 17 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - GLOBAL MARKETS Asian stocks inched lower on Friday as traders pondered the near term U.S. monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.
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India's TVS Supply Chain Solutions up on signing related deal

BUZZ-India's TVS Supply Chain Solutions up on signing AI-related deal ** Shares of TVS Supply Chain Solutions TVSS.NS rise as much as 5.7%, last up 4.8% to 176.9 rupees ** Stock on track for best day since April 19 ** Courier and logistics co says it signed a deal with Manchester Metropolitan University to help implement AI in co's supply chain **

ABB buys Siemens's wiring business in China

ABB buys Siemens's wiring business in China ZURICH, May 17 (Reuters) - ABB ABBN.S has agreed to buy the wiring accessories business of German rival Siemens SIEGn.DE in China, the Swiss engineering group said on Friday. The acquisition will broaden ABB's market reach and complement its regional customer offering within smart buildings, the company said.
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China to let local govt officials buy affordable housing at 'reasonable' prices

China to let local govt officials buy affordable housing at 'reasonable' prices BEIJING, May 17 (Reuters) - China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the official news agency, Xinhua, said. He also called for efforts to categorise and promote disposal of sold but difficult-to-deliver housing projects that are under construction, it added.

Australia's Bendigo and Adelaide Bank eyes best day in over 3-yrs on NIM boost

BUZZ-Australia's Bendigo and Adelaide Bank eyes best day in over 3-yrs on NIM boost Updates shares, milestones, adds Citi comments ** Shares of Bendigo and Adelaide Bank BEN.AX rise as much as 8.2% to A$10.730 , set for best day since Feb 15, 2021, if gains hold ** Stock h its highest level since Aug 12, 2022, and is top gainer on ASX 200 benchmark
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Private credit wonder drug works in limited dose

BREAKINGVIEWS-Private credit wonder drug works in limited dose The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Felix Martin LONDON, May 17 (Reuters Breakingviews) - Private credit is big and getting bigger. The practice whereby companies borrow directly from specialised funds, bypassing banks and the bond market, has exploded in recent years.

Departing Boeing CEO's board status faces Friday vote by shareholders

Departing Boeing CEO's board status faces Friday vote by shareholders May 17 (Reuters) - Boeing BA.N shareholders will vote on Friday whether outgoing CEO Dave Calhoun should remain on the board, adding intrigue to an annual general meeting (AGM) where investors are expected to seek clarity on future leadership of the planemaker. Former Qualcomm QCOM.O chief Steve Mollenkopf will make his first public appearance as chairman at the virtual gathering.
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The Dow's climb to a record 40,000 points

GRAPHIC-The Dow's climb to a record 40,000 points By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK, May 17 (Reuters) - The Dow Jones Industrial Average .DJI , a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as it briefly broke above 40,000 points for the first time in its history. The record on the Dow - as well as fresh records on the S&P 500 .SPX and Nasdaq Composite .IXIC earlier this week - come as investors grow more confident that the U.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch May 17 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. Alstom ALSO.PA : Alstom signed a contract for a light rail system in Northern Israel. The project is valued at 1 billion euros while Alstom's share is more than 700 million euros.
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