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Hyundai’s India IPO will have imitators

RPT-BREAKINGVIEWS-Hyundai’s India IPO will have imitators Corrects to fix sourcing in the second paragraph. The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to add hyperlink. By Shritama Bose MUMBAI, June 17 (Reuters Breakingviews) - If Hyundai Motor's 005380.KS up to $3 billion initial public offering of its Indian business crystallises a premium valuation as easily as expected, other multinationals could rush to list their local operations in the S
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German metalworkers' union seeks 7% raise before bargaining round

UPDATE 3-German metalworkers' union seeks 7% raise before bargaining round Adds employers' comment, economist comment from paragraph 5 By Ludwig Burger FRANKFURT, June 17 (Reuters) - The leadership of German metalworkers' union IG Metall on Monday advised members to demand a 7% raise in the impending collective bargaining round, well above the current inflation rate .
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Hyundai’s India IPO will have imitators

CORRECTED-BREAKINGVIEWS-Hyundai’s India IPO will have imitators Corrects to fix sourcing in the second paragraph. The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to add hyperlink. By Shritama Bose MUMBAI, June 17 (Reuters Breakingviews) - If Hyundai Motor's 005380.KS up to $3 billion initial public offering of its Indian business crystallises a premium valuation as easily as expected, other multinationals could rush to list their local operations in
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US railroad Amtrak on track to break passenger records in 2024

UPDATE 1-US railroad Amtrak on track to break passenger records in 2024 Recasts lead; adds details, background By David Shepardson WASHINGTON, June 12 (Reuters) - U.S. passenger railroad Amtrak said on Wednesday it expects ridership to top pre-COVID 2019 levels this year for the first time and reach a record high even though it has less capacity. Ridership was 20% higher in the first seven months of Amtrak's budget year that began Oct.
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France Inc. should 'mobilize' against Le Pen's far right, Macron ministers say

France Inc. should 'mobilize' against Le Pen's far right, Macron ministers say By Elizabeth Pineau PARIS, June 12 (Reuters) - French Industry Minister Roland Lescure on Wednesday urged France's top companies to publicly criticize Marine Le Pen's far-right National Rally (RN), citing similar efforts by German firms like Siemens and BMW against the far right there.
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UBS market strength puts Swiss industry on edge

ANALYSIS-UBS market strength puts Swiss industry on edge Firms fear more expensive or reduced services following merger UBS has warned of 'repricing' to come Availability of credit is biggest concern Swiss pricing watchdog following situation closely By John Revill ZURICH, June 12 (Reuters) - UBS's UBSG.S takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank's outsize market strength.
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Health Rounds: Ultra-low dose PET scan cuts need for CT scans, slashes radiation exposure

Health Rounds: Ultra-low dose PET scan cuts need for CT scans, slashes radiation exposure Health Rounds is published on Tuesdays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here . By Nancy Lapid June 11 (Reuters) - Hello Health Rounds Readers! A large meeting of nuclear medicine experts is underway in Toronto and today we have two studies from the conference.
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Siemens And BASF Collaborate On Driving Circular Economy

BRIEF-Siemens And BASF Collaborate On Driving Circular Economy June 10 (Reuters) - SIEMENS AG SIEGn.DE : SIEMENS AND BASF COLLABORATE ON DRIVING CIRCULAR ECONOMY AND BASF HAVE TODAY ANNOUNCED FIRST ELECTRICAL SAFETY PRODUCT TO INCLUDE COMPONENTS MADE FROM BIOMASS-BALANCED PLASTICS Further company coverage: [BASFn.DE] (Gdansk Newsroom)
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Eiffage, Quilter, Ricardo

EUROPE RESEARCH ROUNDUP-Eiffage, Quilter, Ricardo June 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Eiffage, Quilter and Ricardo, on Monday. HIGHLIGHTS * Acciona Energia ANE.MC : Morgan Stanley raises to equalweight from underweight * Eiffage FOUG.PA : Goldman Sachs raises to buy from neutral * Quilter Plc QLT.L : JP Morgan raises to overweight from neutral * Ricardo Plc RCDO.L : Berenberg raises to buy from hold * St.
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India's realty, infra, industrial stocks jump as brokerages bet on policy continuity

BUZZ-India's realty, infra, industrial stocks jump as brokerages bet on policy continuity ** India's real estate, industrials, capital goods, infra stock jump as exit polls projected ruling BJP-led alliance will stay in power, ensuring policy continuity ** Realty stocks .NIFTYREAL jump 3.6%, infrastructure stocks .NIFTYINFR gain 4.3%, energy stocks
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Index Ventures backs AI manufacturing startup EthonAI in $16 mln funding round

RPT-Index Ventures backs AI manufacturing startup EthonAI in $16 mln funding round Repeats to remove extraneous word in paragraph 5 By Martin Coulter LONDON, May 30 (Reuters) - Leading venture capital firm Index Ventures has backed a $16 million funding round for EthonAI, a startup using artificial intelligence to help global-scale manufacturers make their production lines more efficient.
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Index Ventures backs AI manufacturing startup EthonAI in $16 mln funding round

Index Ventures backs AI manufacturing startup EthonAI in $16 mln funding round By Martin Coulter LONDON, May 30 (Reuters) - Leading venture capital firm Index Ventures has backed a $16 million funding round for EthonAI, a startup using artificial intelligence to help global-scale manufacturers make their production lines more efficient. The company, founded by AI researchers Julian Senoner and Torbjorn Netland in 2021, uses "causal AI" models to better predict how different factors can make the
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Siemens is done with selling non-core businesses, CFO says

UPDATE 1-Siemens is done with selling non-core businesses, CFO says adds details on portfolio in paragraph 2, comments and background on Innomotics deal paragraphs 6,7, other divestments paragraphs 8-11, airport logistics business paragraph 12 By Alexander Hübner Munich, May 24 (Reuters) - Siemens SIEGn.DE is done for now with selling off its peripheral businesses, the technology giant's finance chief told Reuters in an interview, though he said the company's future structure would be continual
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Siemens likely to transfer Siemens Energy stake to pension fund, CFO says

EXCLUSIVE-Siemens likely to transfer Siemens Energy stake to pension fund, CFO says adds details on Siemens Gamesa, CFO quotes, context, from paragraph 2-10 By Alexander Hübner MUNICH, May 24 (Reuters) - Siemens AG SIEGn.DE will likely transfer its remaining 17.1% stake in Siemens Energy ENR1n.DE to the group's pension fund to avoid diluting the value of the company's shares via a placement, the group's finance chief told Reuters.
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Siemens CFO: will likely transfer remaining Siemens Energy stake to pension fund

EXCLUSIVE-Siemens CFO: will likely transfer remaining Siemens Energy stake to pension fund MUNICH, May 24 (Reuters) - Siemens AG SIEGn.DE will likely transfer its direct 17.1% stake in former division Siemens Energy ENR1n.DE to the group's pension fund, the group's finance chief said, adding this would be the cheaper and more considerate way to get rid of the shares.
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Siemens done with selling external businesses, CFO says

Siemens done with selling external businesses, CFO says Munich, May 24 (Reuters) - Siemens SIEGn.DE is done with selling off its peripheral businesses, the technology giant's finance chief said in an interview with Reuters, but gave no guarantees on the company's future structure as it continually reviews its portfolio. "We have decided together on the board that there will be no more new 'portfolio companies'," CFO Ralf Thomas said in comments published on Friday.
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India's Schneider Electric hits lower circuit on Q4 profit drop

BUZZ-India's Schneider Electric hits lower circuit on Q4 profit drop ** Shares of Schneider Electric Infrastructure SEIN.NS hit lower circuit; down 5% to 870.9 rupees ** Transformer maker's Q4 profit slumped 92.7% YoY ** Stock on track for worst day in a month ** Rival Siemens SIEM.NS posted Q2 profit climb , after which its stock hit a record high
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US business equipment borrowings up 17% in April, ELFA says

US business equipment borrowings up 17% in April, ELFA says May 22 (Reuters) - U.S. companies borrowed 17% more to finance equipment investments in April compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday. Companies signed up for new loans, leases and lines of credit worth $11 billion in April, up 18% from a month ago.
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Schneider Electric ends deal talks with Bentley Systems

UPDATE 2-Schneider Electric ends deal talks with Bentley Systems New throughout, adds further background, updates share prices By Milana Vinn and Mathieu Rosemain May 22 (Reuters) - Schneider Electric SCHN.PA said on Wednesday that its talks with U.S. engineering software maker Bentley Systems BSY.O regarding a potential "strategic transaction" have ended.
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Nigeria completes pilot phase of Siemens power agreement

Nigeria completes pilot phase of Siemens power agreement By Isaac Anyaogu LAGOS, May 21 (Reuters) - Nigeria has completed the pilot phase of a power agreement it signed with German company Siemens SIEGn.DE to boost its power distribution capacity, a government official said at an energy conference on Tuesday. Though Nigeria has the infrastructure to generate about 13,000 megawatts of power, its creaking grid can only distribute a third of it, forcing businesses and households to run costly fuel
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