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Europe in no hurry to loosen antitrust stance

ANALYSIS-Europe in no hurry to loosen antitrust stance Looser antitrust stance would face resistance Draghi report offers fresh ideas, still pro-competition Vestager set to hand over reins to successor By Mark John, Foo Yun Chee Sept 16 (Reuters) - Mario Draghi's call last week for a revamp of Europe's tough pro-competition policy rules prompted much speculation that the EU's next antitrust chief may take a lighter-touch approach to mergers that could yield European industrial "champions".
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Merck Signs Mou With Siemens To Drive Digital Transformation

BRIEF-Merck Signs Mou With Siemens To Drive Digital Transformation Sept 16 (Reuters) - MERCK KGAA MRCG.DE : SIGNS MOU WITH SIEMENS TO DRIVE DIGITAL TRANSFORMATION THROUGH PROJECTS ACROSS ALL THREE BUSINESS SECTORS SIEMENS NAMED ONE OF THE GLOBAL PREFERRED SUPPLIERS FOR MERCK'S NEXT-LEVEL AUTOMATION Further company coverage: MRCG.DE (Gdansk Newsroom
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Jefferies cautious on Indian markets due to 'unsustainably high' domestic inflows

BUZZ-Jefferies cautious on Indian markets due to 'unsustainably high' domestic inflows Adds chart, no changes to text ** Jefferies reduces weighta ge of Reliance Industries RELI.NS and Amber Enterprises AMBE.NS , increases HDFC Bank ** Brokerage replaces Larsen & Toubro LART.NS with Siemens SIEM.NS in its India model portfolio; adds Emcure Pharma E
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Jefferies cautious on Indian markets due to 'unsustainably high' domestic inflows

BUZZ-Jefferies cautious on Indian markets due to 'unsustainably high' domestic inflows ** Jefferies reduces weight on Reliance Industries RELI.NS , Amber Enterprises AMBE.NS and replaces Larsen & Toubro LART.NS with Siemens SIEM.NS in its India model portfolio ** Adds Emcure Pharma EMCU.NS and Interglobe Aviation INGL.NS in India portfolio, increas
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Siemens Awarded Framework Agreement By E.ON To Supply Charging Systems And Services

BRIEF-Siemens Awarded Framework Agreement By E.ON To Supply Charging Systems And Services Sept 16 (Reuters) - SIEMENS AG SIEGn.DE : AWARDED FRAMEWORK AGREEMENT BY E.ON TO SUPPLY CHARGING SYSTEMS AND SERVICES TO DECARBONIZE ROAD TRANSPORT ACROSS EUROPE CONTRACT COVERS A TWO-YEAR TIMEFRAME Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P
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Struggling Northvolt stokes fear for Europe's battery future

FOCUS-Struggling Northvolt stokes fear for Europe's battery future Northvolt's troubles trigger doubts about its ability to produce enough batteries for Europe Northvolt to buy cathode active materials from Asian suppliers, source says Delivery issues triggered BMW contract cancellation, sources says Northvolt's struggles raise questions about future gigafactories and joint ventures, industry analysts say By Marie Mannes STOCKHOLM, Sept 13 (Reuters) - Northvolt's shock decision this week to shri
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Siemens investing $60 million on high-speed train plant in upstate New York

UPDATE 1-Siemens investing $60 million on high-speed train plant in upstate New York Updates SEPT. 9 story with details of Alstom fast train factory in paragraph 3 ZURICH, Sept 12 (Reuters) - Siemens SIEGn.DE is spending $60 million on a new U.S. factory to build high speed trains to whisk passengers between Los Angeles and Las Vegas, the German engineering company said on Monday.
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JPMorgan eyes Swiss corporate business gains, blockchain boost

JPMorgan eyes Swiss corporate business gains, blockchain boost ZURICH, Sept 11 (Reuters) - JPMorgan Chase JPM.N wants to grow its Swiss corporate banking business and hopes to use blockchain services to help gain clients, an executive at the U.S. bank said. "We're ambitious and want to gain market share," Lutz Karl, who heads the bank's business with major corporate clients in Germany, Switzerland and Austria, told Reuters in an interview.
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German union ready to strike as industrial sector pay talks start

German union ready to strike as industrial sector pay talks start BERLIN, Sept 11 (Reuters) - Germany's largest industrial union, IG Metall, demanded a pay rise of 7% for almost four million workers in the country's auto, electrical and metal industries as collective bargaining talks got under way on Wednesday. WHY IT'S IMPORTANT? IG Metall has said it is prepared to strike alongside the talks, potentially piling more pressure on manufacturers already faced with the threat of de-industrialisatio
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Turkish nuclear plant delayed by withheld Siemens parts, China to supply

UPDATE 1-Turkish nuclear plant delayed by withheld Siemens parts, China to supply Russia's Rosatom building Turkey's first nuclear plant Energy minister says few months delay Siemens Energy cites export rules for decision Rosatom seeking equivalent parts in China, minister says Adds minister quotes, Siemens Energy comment and background in paragraphs 7 onwards By Huseyin Hayatsever and Can Sezer ANKARA, Sept 11 (Reuters) - The opening of Turkey's first nuclear plant has been delayed after German
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European firms doubt China's appetite to fix economy, lobby group says

UPDATE 2-European firms doubt China's appetite to fix economy, lobby group says Economic slowdown is No.1 concern of EU firms in China EU Chamber in China calls for more consumption stimulus Warns firms feel risks of China market no longer match rewards Growing doubts over China's commitment to reform, chamber says Adds Chinese foreign ministry comment in paragraph 12 By Joe Cash BEIJING, Sept 11 (Reuters) - European firms in China doubt the government has a credible plan to boost demand in the
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European firms doubt China has credible plan to turn economy around, lobby group warns

European firms doubt China has credible plan to turn economy around, lobby group warns Economic slowdown is No.1 concern of EU firms in China EU Chamber in China calls for more consumption stimulus Warns firms feel risks of China market no longer match rewards Growing doubts over China's commitment to reform, chamber says By Joe Cash BEIJING, Sept 11 (Reuters) - European firms in China doubt the government has a credible plan to boost demand in the ailing economy or will carry out long-promised
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Siemens Agrees To Acquire Trayer Engineering Corporation To Broaden Product Portfolio For Grid Modernization

BRIEF-Siemens Agrees To Acquire Trayer Engineering Corporation To Broaden Product Portfolio For Grid Modernization Sept 10 (Reuters) - Siemens AG SIEGn.DE : AGREES TO ACQUIRE TRAYER ENGINEERING CORPORATION TO BROADEN PRODUCT PORTFOLIO FOR GRID MODERNIZATION Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu
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Siemens Mobility To Establish High-Speed Rail Production Facility In Horseheads, New York

BRIEF-Siemens Mobility To Establish High-Speed Rail Production Facility In Horseheads, New York Sept 9 (Reuters) - SIEMENS AG SIEGn.DE : SIEMENS MOBILITY TO ESTABLISH AMERICA'S FIRST HIGH-SPEED RAIL PRODUCTION FACILITY IN HORSEHEADS, NEW YORK SITE REPRESENTS AN APPROX. $60 MILLION INVESTMENT NEARLY 300,000 SQ FT. FACILITY WILL CREATE AROUND 300 JOB
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Siemens investing $60 million on high-speed train plant in upstate New York

Siemens investing $60 million on high-speed train plant in upstate New York ZURICH, Sept 9 (Reuters) - Siemens SIEGn.DE is spending $60 million on a new U.S. factory to build high speed trains to whisk passengers between Los Angeles and Las Vegas, the German engineering company said on Monday. Around 300 jobs will be created at the 300,000 sq ft facility in Horseheads, upstate New York, which Siemens said was the first high speed rail production site in the United States.
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German railway plans to return to profitability in three years, documents say

German railway plans to return to profitability in three years, documents say Sept 6 (Reuters) - Germany's state railway Deutsche Bahn DBN.UL aims to become profitable again within three years, according to internal documents seen by Reuters, and to increase trains' punctuality. Deutsche Bahn is targeting an operating profit of 2 billion euros ($2.22 billion) for 2027, the documents say, up from a loss of 1.27 billion euros before interest and taxes for 2023. 2.2 billion euros worth of savings a
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Gen AI boosting productivity of Indian IT industry's fastest-growing niche, TCS exec says

Gen AI boosting productivity of Indian IT industry's fastest-growing niche, TCS exec says By Sai Ishwarbharath B BENGALURU, Sept 5 (Reuters) - Generative AI is helping India's top IT firm Tata Consultancy Services TCS.NS accelerate development in the industry's fastest-growing niche of engineering research and design, a senior executive told Reuters.
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Siemens Issues Digital Bond With Volume Of EUR 300 Mln And A Maturity Of One Year

BRIEF-Siemens Issues Digital Bond With Volume Of EUR 300 Mln And A Maturity Of One Year Sept 4 (Reuters) - SIEMENS AG SIEGn.DE : SIEMENS AG - HAS ISSUED DIGITAL BOND WITH VOLUME OF €300 MILLION AND A MATURITY OF ONE YEAR Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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