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Roche warns 2023 profits will fall on $5 bln COVID sales hit

UPDATE 3-Roche warns 2023 profits will fall on $5 bln COVID sales hit 2023 outlook weaker than expected - analysts Shares down 1.4% in early trading Co says falling demand for COVID treatments, testing will hit sales New CEO under pressure to replenish new drug pipeline Adds detail By Ludwig Burger BASEL, Feb 2 (Reuters) - Roche ROG.S warned on Thursday profits will decline in 2023 as falling demand for its COVID-19 therapy and diagnostics kits will knock sales by over $5 billion, the latest sig
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Siemens Gamesa posts $974 mln net loss on higher warranty costs

UPDATE 2-Siemens Gamesa posts $974 mln net loss on higher warranty costs Adds details on outlook, context By Christoph Steitz and Inti Landauro FRANKFURT/MADRID, Feb 2 (Reuters) - Beleaguered wind turbine maker Siemens Gamesa SGREN.MC , soon to be delisted and folded into parent Siemens Energy ENR1n.DE , said on Thursday its first-quarter net loss more than doubled on higher warranty provisions as a result of faulty components.
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Siemens Healthineers confirms outlook despite Q1 profit drop

UPDATE 2-Siemens Healthineers confirms outlook despite Q1 profit drop Adds details, share price, CEO BERLIN, Feb 2 (Reuters) - Siemens Healthineers SHLG.DE confirmed its full-year outlook on Thursday despite a drop in quarterly profit driven by low demand in China, as it saw strong order growth in the first quarter. The company stuck with its outlook for comparable revenue to be flat within a range of a 1% fall to a 1% increase in fiscal 2023 from last year's 21.7 billion euros.
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Siemens Healthineers Q1 profit slides on lower 19 test sales

Siemens Healthineers Q1 profit slides on lower COVID-19 test sales BERLIN, Feb 2 (Reuters) - U.S.-German medical device maker Siemens Healthineers SHLG.DE on Thursday reported a 28% drop in quarterly operating profit due to lower sales of rapid COVID-19 antigen tests and delays at a supplier of its Varian business. Adjusted earnings before interest and tax (EBIT) fell to 647 million euros ($712.93 million), less than the 663 million expected by analysts, according to a consensus provided by the
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Perella employee probed over alleged insider trading dies -sources

UPDATE 1-Perella employee probed over alleged insider trading dies -sources Adds details, background FRANKFURT, Jan 31 (Reuters) - A London-based employee of advisory firm Perella Weinberg Partners PWP.O under investigation for alleged insider trading has died by suicide, two people with knowledge of the situation said on Tuesday. "We are incredibly saddened by the tragic loss of our colleague," Perella said in a statement, without giving details.
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Siemens: With The Foundation Of The Joint Venture Cofinity-X, Ten Partners Of The Automotive Industry Will Further Foster The Adoption Of The Catena-X Network

BRIEF-Siemens: With The Foundation Of The Joint Venture Cofinity-X, Ten Partners Of The Automotive Industry Will Further Foster The Adoption Of The Catena-X Network Jan 31 (Reuters) - Bayerische Motoren Werke AG BMWG.DE : SIEMENS: WITH THE FOUNDATION OF THE JOINT VENTURE COFINITY-X, TEN PARTNERS OF THE AUTOMOTIVE INDUSTRY WILL FURTHER FOSTER THE AD
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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead Jan 27 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 02-Feb-2023 NTS SHLG.DE Siemens Healthineers AG Q1 2023 Siemens Healthineers AG Earnings Release 02-Feb-2023 BMO IFXGn.DE Infineon Technologies AG Q1 2023 Infineon Technologies AG Earnings Release 02-Feb-2023 BMO DBKGn.DE Deutsche Bank AG Preliminary Q4 2022 Deutsche Bank AG Earnings Release ** All
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U.S. business equipment borrowings grow 9% in December - ELFA (Jan. 24)

CORRECTED-U.S. business equipment borrowings grow 9% in December - ELFA (Jan. 24) Corrects second paragraph of Jan. 24 story to say cumulative borrowings were up, not borrowings Jan 24 (Reuters) - U.S. companies borrowed 9% more in December to finance equipment investments compared with a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.
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EU to aggregate cancer imaging data across bloc in new project

UPDATE 1-EU to aggregate cancer imaging data across bloc in new project Adds comments by Philips, Healthineers By Maggie Fick and Ludwig Burger Jan 23 (Reuters) - The European Union on Monday launched a project to collect and aggregate cancer imaging data in an effort to speed up innovation and early cancer diagnosis using artificial intelligence.
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EU to aggregate cancer imaging data across bloc in new project

EU to aggregate cancer imaging data across bloc in new project Jan 23 (Reuters) - The European Union on Monday launched a project to collect and aggregate cancer imaging data in an effort to speed up innovation and early cancer diagnosis using artificial intelligence. The new European Cancer Imaging Initiative will give clinicians, researchers and innovators "easy access to large amounts of cancer imaging data", the European Commission said in a statement.
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Siemens Energy cuts profit outlook on wind turbine woes

UPDATE 5-Siemens Energy cuts profit outlook on wind turbine woes Siemens Gamesa reveals higher warranty and maintenance costs Problems trigger 472 mln euro first-quarter hit Parent Siemens Energy cuts 2023 profit outlook Siemens Energy shares flat Adds analyst comment, updates shares By Christoph Steitz and Inti Landauro FRANKFURT/MADRID, Jan 20 (Reuters) - Siemens Energy ENR1n.DE has slashed its 2023 profit outlook after faulty components at the wind turbine fleet of its Siemens Gamesa business
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Siemens Energy cuts profit outlook on wind turbine woes

UPDATE 5-Siemens Energy cuts profit outlook on wind turbine woes Siemens Gamesa reveals higher warranty and maintenance costs Problems trigger 472 mln euro first-quarter hit Parent Siemens Energy cuts 2023 profit outlook Siemens Energy shares flat Adds analyst comment, updates shares By Christoph Steitz and Inti Landauro FRANKFURT/MADRID, Jan 20 (Reuters) - Siemens Energy ENR1n.DE has slashed its 2023 profit outlook after faulty components at the wind turbine fleet of its Siemens Gamesa business
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Siemens Energy cuts profit outlook on persisting wind turbine woes

CORRECTED-UPDATE 4-Siemens Energy cuts profit outlook on persisting wind turbine woes Changes 12th paragraph to show 2023 net loss is expected to be similar to 2022, not wider Siemens Gamesa reveals higher warranty and maintenance costs Problems trigger 472 mln euro first-quarter hit Parent Siemens Energy cuts 2023 profit outlook Siemens Energy shares down 1% By Christoph Steitz and Inti Landauro FRANKFURT/MADRID, Jan 20 (Reuters) - Siemens Energy ENR1n.DE has slashed its 2023 profit outlook aft
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Siemens Gamesa unveils $511 mln hit due to faulty components

Siemens Gamesa unveils $511 mln hit due to faulty components FRANKFURT, Jan 19 (Reuters) - Siemens Gamesa SGREN.MC on Thursday unveiled a 472 million euro ($511 million) operating charge, citing higher-than-expected warranty and service maintenance costs for certain faulty wind turbine components. The Spanish-listed group, majority-owned by Germany's Siemens Energy ENR1n.DE , also reported first-quarter sales of around 2 billion euros and an operating loss of 760 million euros.
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Siemens signs 3 bln eur train deal in India

By John Revill ZURICH, Jan 16 (Reuters) - Siemens SIGn.DE has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history. Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its biggest ever in India.
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Siemens signs 3 bln eur train deal in India

(Corrects power of trains in paragraph 3 to 9,000 horsepower, not 1,200) By John Revill ZURICH, Jan 16 (Reuters) - Siemens SIGn.DE has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history. Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its biggest ever in India.
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German strategy paper targets China trade dependence

* German ministry suggests limits on business with China * Proposal is part of ongoing strategy plans * Coalition partners yet to approve, firms have pushed back By Andreas Rinke and Sarah Marsh BERLIN, Dec 2 (Reuters) - Germany's Economy Ministry recommends excluding using components from providers from authoritarian states in critical infrastructure and imposing stricter requirements for firms dealing with China, a strategy paper seen by Reuters shows.
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Dollar gains, stocks slip as Fed officials talk tough on rates

* Dollar regains strength on hawkish Fed speak * Data shows U.S. labor market still tight * Yield curve inversion points to recession By Herbert Lash and Marc Jones NEW YORK/LONDON, Nov 17 (Reuters) - The dollar rose and equity markets slid on Thursday after hawkish remarks from Federal Reserve officials reminded investors a less aggressive monetary policy is unlikely with U.S.
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Dollar gains, stocks slip as Fed officials talk tough on rates

* European stocks drop after early rise * Dollar regains strength on hawkish Fed speak * Oil and metals sag in commodity markets By Herbert Lash and Marc Jones NEW YORK/LONDON, Nov 17 (Reuters) - The dollar rose and equity markets slid on Thursday after more hawkish remarks from Federal Reserve officials reminded investors a less aggressive monetary policy is unlikely with U.S.
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Shares and pound splutter as UK dishes out budget gruel

(Fixes typo in quote in paragraph seven) * European stocks drop after early rise * Dollar regains strength on hawkish Fed speak * Micron gloom frazzles chipmakers * Oil and metals sag in commodity markets By Marc Jones LONDON, Nov 17 (Reuters) - Nagging recession and interest rate worries had Europe's markets spluttering on Thursday, and the pound tumbled as Britain sought to put its disastrous recent fiscal experiment behind it with an austere-looking budget.
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