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Germany charges five with helping illegal turbine sales to Crimea

UPDATE 1-Germany charges five with helping illegal turbine sales to Crimea Adds Siemens response, details BERLIN, March 27 (Reuters) - Prosecutors in Hamburg charged four Germans and one Swiss-French citizen with violating sanctions by helping export Siemens SIEGn.DE gas turbine s to Crimea, the Ukrainian peninsula annexed by Russia, a prosecution spokesperson said on Wednesday.
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Siemens Mobility Awarded Further Service Contract From Metrolinx

BRIEF-Siemens Mobility Awarded Further Service Contract From Metrolinx March 27 (Reuters) - SIEMENS AG SIEGn.DE : SIEMENS AG - SIEMENS MOBILITY AWARDED FURTHER SERVICE CONTRACT FROM CANADIAN OPERATOR METROLINX Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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ABB India rises after UBS sets Street-high PT on growth bets

BUZZ-ABB India rises after UBS sets Street-high PT on growth bets ** Shares of technology automation products and services provider ABB India ABB.NS rise ~7% to a record high; last up 6.3% ** UBS says co has clear focus to capture long-term growth in electrification, dials up estimates on product portfolio expansion bets ** UBS hikes PT by 40% to S
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German industry sceptical of China's vow to treat foreign firms equally

German industry sceptical of China's vow to treat foreign firms equally China pledges equal treatment for foreign firms German VDMA: announcement part of 'friendly signs' offensive Move aimed at keeping foreign firms engaged in China By Christoph Steitz and Rene Wagner FRANKFURT/BERLIN, March 25 (Reuters) - A fresh pledge by Beijing to treat foreign companies like domestic rivals drew a cool response from one of its biggest trading partners, Germany, where industries called for concrete actions
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China vows to treat foreign firms equally amid industrial upgrade push

WRAPUP 2-China vows to treat foreign firms equally amid industrial upgrade push Adds European Chamber of Commerce in China comment in paras 6-7 China pledges equal treatment for foreign firms Beijing seeking more foreign investment in China Western nations have complained of unequal access China to open up high-level areas of industry and finance By Liangping Gao, Ryan Woo and Jing Xu BEIJING, March 25 (Reuters) - China pledged on Monday to treat foreign companies the same way as domestic peers
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US business equipment borrowings up 4% in February, ELFA says

US business equipment borrowings up 4% in February, ELFA says March 22 (Reuters) - U.S. companies borrowed 4% more to finance equipment investments in February compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. Companies signed up for new loans, leases and lines of credit worth $7.9 billion in February, down 15% from a month ago.
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Siemens ÖBB Orders 19 More Trains

BRIEF-Siemens AG - ÖBB Orders 19 More Trains March 22 (Reuters) - Siemens AG SIEGn.DE : ÖBB ORDERS 19 MORE TRAINS – DELIVERY BY AUTUMN 2028 Source text for Eikon: [ID:] Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Siemens to acquire drive technology division from ebm-papst

Siemens to acquire drive technology division from ebm-papst MUNICH, Germany, March 21 (Reuters) - Siemens SIEGn.DE plans to acquire ebm-papst's industrial drive technology division as the German conglomerate seeks to expand it factory automation business, both firms said on Thursday. Germany-based ebm-papst, which makes electric motors and high-tech fans, wants to concentrate on air and heating tech and had therefore put the division with 650 employees up for sale.
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Siemens's share slump to one-year low after CFO's gloomy outlook

Siemens's share slump to one-year low after CFO's gloomy outlook March 19 (Reuters) - Shares in Siemens SIEGn.DE slumped to their lowest in one year after its finance chief Ralf Thomas commented that revenues at its flagship digital industries division will be flat in the second quarter at a Bank of America conference on Tuesday. Thomas said the German technology conglomerate forecasts revenue at the division to be a good 10% below the previous year's levels.
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Financials, energy boost European shares; central bank verdicts eyed

UPDATE 2-Financials, energy boost European shares; central bank verdicts eyed For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. STOXX 600 up 0.3% Unilever to spin off ice cream unit, cut 7,500 jobs Atos down as talks with Airbus over BDS unit fall through German investor morale improves in March Updated at 1650 GMT By Khushi Singh and Amruta Khandekar March 19 (Reuters) - European stocks ended higher on Tuesday buoyed by strength in finan
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European patent applications hit record high in 2023

REFILE-European patent applications hit record high in 2023 Fixes abbreviation (EPO not EPA) in first and fifth paragraph March 19 (Reuters) - The European Patent Office (EPO) received a record number of patent applications last year, with the biggest share of fillings coming from the United States, Germany, Japan and China, the office's register showed on Tuesday.
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Nvidia And Siemens Bring Immersive Visualization And Generative AI To Industrial Design And Manufacturing

BRIEF-Nvidia And Siemens Bring Immersive Visualization And Generative AI To Industrial Design And Manufacturing March 18 (Reuters) - NVIDIA Corp NVDA.O : NVIDIA AND SIEMENS BRING IMMERSIVE VISUALIZATION AND GENERATIVE AI TO INDUSTRIAL DESIGN AND MANUFACTURING Further company coverage: NVDA.O
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Siemens And Nvidia Expand Collaboration On Generative AI For Immersive Real-Time Visualization

BRIEF-Siemens And Nvidia Expand Collaboration On Generative AI For Immersive Real-Time Visualization March 18 (Reuters) - NVIDIA Corp NVDA.O : SIEMENS AND NVIDIA EXPAND COLLABORATION ON GENERATIVE AI FOR IMMERSIVE REAL-TIME VISUALIZATION Source text for Eikon: ID:nPn8MSQWBa Further company coverage: NVDA.O
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Swiss industry leans on central bank to grant relief from strong franc

Swiss industry leans on central bank to grant relief from strong franc By John Revill ZURICH, March 18 (Reuters) - Swiss industry is urging the country's central bank to broaden its focus from fighting inflation to help them deal with the strong Swiss franc, which is eating into profits as the global economy cools and demand drops. Over the past year, the safe-haven currency has appreciated significantly against the dollar and the euro, helping curb imported price pressures, but creating a heada
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds:Liontrust, Natura&Co, National Bank of Canada, Grayscale, Miroglio, Apollo Global Management, Campbell Soup, Orange March 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2040 GMT on Tuesday: ** UK's Liontrust Asset Management LIO.L said on Tuesday it was not in talks to buy smaller rival Artemis in response to a report about a potential takeover.
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based CarbonCapture raises $80 mln from Saudi Aramco, others

US-based CarbonCapture raises $80 mln from Saudi Aramco, others Series A funding round led by Prime Movers Lab Aramco Ventures, Amazon Climate Pledge Fund also backers Cash to drive technology development, field installations By Valerie Volcovici and Simon Jessop WASHINGTON, March 12 (Reuters) - Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised $80 million from investors that include Saudi oil giant S
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions March 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0945 GMT on Tuesday: ** Australia's software firm Appen APX.AX said it received a proposal from U.S.-based digital data solutions firm Innodata INOD.O for a potential merger of the two companies in an all-stock deal.
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Jefferies sees scope for further re-rating in India's industrials, power stocks

BUZZ-Jefferies sees scope for further re-rating in India's industrials, power stocks ** Jefferies sees scope for further upside for industrials and power stocks like NTPC NTPC.NS , Power Grid Corporation of India PGRD.NS , JSW Energy JSWE.NS , Larsen and Toubro LART.NS ** Says valuation analysis points to further upside for LART; Jefferies has a "b
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Nidec, KPS compete for Siemens' $3 bln Innomotics unit, Bloomberg reports

UPDATE 1-Nidec, KPS compete for Siemens' $3 bln Innomotics unit, Bloomberg reports Adds details from report and background throughout March 11 (Reuters) - Japan's Nidec Corp 6594.T and U.S.-based private equity firm KPS Capital Partners are competing to acquire Siemens AG's SIEGn.DE Innomotics large motors business, Bloomberg News reported on Monday.
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Nidec, KPS Said To Vie For Siemens's 3 Bln Euro Innomotics Unit- Bloomberg News

BRIEF-Nidec, KPS Said To Vie For Siemens's 3 Bln Euro Innomotics Unit- Bloomberg News March 11 (Reuters) - NIDEC, KPS SAID TO VIE FOR SIEMENS’S €3 BILLION INNOMOTICS UNIT- BLOOMBERG NEWS Source text: https://tinyurl.com/yc56zbrb Further company coverage: 6594.T
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