Siemens confirms growth outlook after Q2 figures beat forecasts
Siemens’ logo is pictured at Siemens Healthineers headquarters in Erlangen near Nuremberg, Germany, October 7, 2016. REUTERS ZURICH, May 15 (Reuters) – Siemens confirmed its full-year outlook on Thursday “despite increased uncertainty” as the German engineering and technology group reported better than expected profit during its second quarter. The company, whose products include factory software, […]
US Justice Department to meet families of 737 MAX victims on Boeing criminal case
American civil aviation and Boeing investigators search through the debris at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 12, 2019. REUTERS The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. […]
Foxconn expected to post strong Q1 profit growth on AI server demand
A Foxconn electric two-wheeler powertrain system is displayed at Foxconn’s annual tech day in Taipei, Taiwan October 8, 2024. REUTERS A Foxconn high energy density solid-state lithium metal battery is displayed at Foxconn’s annual tech day in Taipei, Taiwan, October 8, 2024. REUTERS A woman drives past the logo of Foxconn outside the company’s building […]
MSCI includes India’s Coromandel, Nykaa to key index in May rejig
The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS Companies Coromandel International Ltd Follow Adani Green Energy Ltd Follow Cipla Ltd Follow Fsn E-Commerce Ventures Ltd Follow GMR Airports Ltd Follow May 14 (Reuters) – MSCI included two Indian companies fertilisers maker Coromandel International and beauty […]
US slashes ‘de minimis’ tariff on small China parcels to as low as 30%
Workers work at a production line manufacturing clothing for Shein at a factory in Guangzhou, Guangdong province, China April 1, 2025. REUTERS Summary Trump cuts duties on China low-value commercial shipments to 30%-experts Tariffs on China postal shipments cut to 54% or $100 per package US de minimis rule […]
Exclusive: Birla’s big paints bet rattles Asian Paints’ India reign
Asian Paints and Birla Opus logos are seen in this illustration taken May 12, 2025. REUTERS Asian Paints logo is seen in this illustration taken May 12, 2025. REUTERS Summary Asian Paints’ market share drops to 52% from 59% – broker Birla Opus CEO says plans to gain […]
Nissan to suspend operations at some domestic plants as part of restructuring, Nikkei says
The Nissan logo is displayed, at the 46th Bangkok International Motor Show in Bangkok, Thailand, March 24, 2025. REUTERS Companies Nissan Motor Co Ltd Follow TOKYO, May 13 (Reuters) – Japan’s Nissan Motor (7201.T), has decided to suspend operations at some domestic factories as part of a business restructuring effort, the […]
ECB to stand by past stimulus policies in strategy review
EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. REUTERS Summary ECB to keep reference to ‘forceful’ action Review yields little criticism of past moves Some policymakers had urged deeper soul-searching FRANKFURT, May 13 (Reuters) – The European Central Bank will stand […]
US Medicare lays out timeline for third round of drug price negotiations
Pens for the diabetes drug Ozempic sit on a production line to be packaged at the Danish drugmaker Novo Nordisk’s site in Hillerod, Denmark, September 26, 2023. REUTERS (Reuters) – The U.S. Centers for Medicare and Medicaid Services (CMS) said on Monday that it would announce a list of 15 drugs eligible for a third […]
US car prices higher in April after tariffs hit
2025 Buick Encore GX SUV’s sit on the lot of a Buick GMC dealership in Detroit, Michigan, U.S., April 18, 2025. REUTERS Summary US new-vehicle prices rose 2.5% in April, Cox Automotive reports Tariffs on imports from Mexico and Canada impact automaker costs Consumer demand rises as buyers anticipate tariff-related […]