El Al CEO sees approval for Saudi-Oman corridor within days

By Steven Scheer JERUSALEM -Permission for El Al Israel Airlines to fly over Oman is expected in "a matter of days", chief executive Dina Ben-Tal said on Thursday, a move that would be a big...

Walmart's long-lasting challenge: luring budget shoppers back to its stores

By Arriana McLymore and Siddharth Cavale - Walmart (NYSE:WMT) Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving...

Siemens' posts first quarterly loss in 12 years after writedowns hit Q3

Siemens said on Thursday it continued to see strong industrial demand during its third quarter, as costs related to its Siemens Energy investment and decision to quit Russia pushed the engineering...

Dow Jones Newswires: Siemens cuts outlook after swinging to $1.71 billion loss

The loss came after a EUR2.7 billion impairment on its investment in Siemens Energy and EUR600 million in Russia-related charges.

Siemens' writedown pushes company into first loss since 2010

By John Revill ZURICH - Siemens reported better-than-expected revenues for its third quarter on Thursday as a writedown at Siemens Energy pushed the engineering and technology group into the red...

Siemens' writedown pushes company into first loss since 2010

Siemens reported better-than-expected revenues for its third quarter on Thursday as a writedown at Siemens Energy pushed the engineering and technology group into the red for the first time in...

Deadlock with Russia over Nord Stream gas turbine is not our fault, Siemens Energy CEO says

Siemens Energy says it is ready to return the turbine to Russia after carrying out maintenance work in Canada. Moscow, however, says economic sanctions imposed by the West following the Kremlin's...

HSBC names Patrick Boumalham new global head of wealth sales

By Selena Li HONG KONG - HSBC has appointed Patrick Boumalham as its new global head of wealth sales within its markets division, effective in September, according to an internal memo seen by...

Richemont shareholder Bluebell says company response strengthens its cases for board seat

ZURICH - Bluebell Capital Partners still wants a seat on the board of Richemont after the luxury group called on shareholders to reject its candidate and vote for a current board member to...

European shares bounce back from U.S. jobs report hammering

By Shreyashi Sanyal -European shares rose on Monday, lifted by cyclical and growth stocks, after clocking falls in the previous week when a strong U.S. jobs report rekindled bets of another...

Dow Jones Newswires: Siemens Energy loss widens amid Russia withdrawal

Siemens Energy AG registered a quarterly net loss of 390 million euros in the period ended June 30. The adjusted loss before interest, taxes and amortization was EUR429 million. The company said...

Siemens Energy blames Russia restructuring for wider 2022 loss

Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain...

Dow Jones Newswires: Siemens Energy loss widens amid Russia withdrawal

The German energy company said it recorded a quarterly net loss of 390 million euros ($397m) in the period ended June 30 from a loss of EUR230m the prior year.

Marketmind: Just an illusion

A look at the day ahead in markets from Anshuman Daga Recession? What recession? Lingering worries about a big U.S. slowdown were blown away last Friday after July payrolls data smashed market...

European Stock Futures Edge Higher; U.S. Inflation Data Key This Week

By Peter Nurse Investing.com - European stock markets are expected to open marginally higher Monday, at the start of a week that includes the release of key U.S. inflation and U.K. GDP data as...

Siemens Energy warns of deeper net loss over Russia restructuring

FRANKFURT - Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 200 million euros ($204...

Siemens Energy warns of deeper net loss over Russia restructuring

Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 200 million euros ($204 million) due...

German leader says gas pipeline part is ready for Russia

BERLIN (AP) — German Chancellor Olaf Scholz inspected a mechanical turbine at the center of a natural gas dispute and declared Wednesday “there are no problems” with the part besides information...

The turbine works': Germany's Scholz points finger at Russia in energy row

By Christoph Steitz MUELHEIM AN DER RUHR, Germany -German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that...

Siemens supervisory board employee reps against further splitting-up

BERLIN - Siemens' new supervisory board is committed to doing away with the portfolio policy of the past, said influential employee representatives on the board, who added that they were opposed...

Global Markets Slump With Terrified Traders Tracking Pelosi's Next Move

Global Markets Slump With Terrified Traders Tracking Pelosi's Next Move Forget inflation, stagflation, recession, depression, earnings, Biden locked up in the basement with covid, and...

Exclusive: Siemens Gamesa weighs around 2,500 job cuts

By Isla Binnie and Christoph Steitz MADRID/FRANKFURT - Wind turbine maker Siemens Gamesa is considering around 2,500 job cuts, or about 9% of its workforce, as part of efforts to recover from...

Nord Stream gas row deepens as Gazprom airs new complaints on turbine

MOSCOW -Delivery of a Nord Stream 1 gas turbine to Germany from Canada after maintenance was not in line with the contract, Gazprom (MCX:GAZP)'s senior manager said on Friday, stepping up...

Siemens Energy says it has no damage reports from Gazprom on Nord Stream 1 turbines

BERLIN - Siemens Energy on Wednesday said it had not received any damage reports regarding the turbines of Nord Stream 1 gas pipeline from Russia's Gazprom (MCX:GAZP) so far, adding it did not...

Siemens Energy says it has no damage reports from Gazprom on Nord Stream 1 turbines

Siemens Energy on Wednesday said it had not received any damage reports regarding the turbines of Nord Stream 1 gas pipeline from Russia's Gazprom so far, adding it did not have access to the...

Explainer-Nord Stream's turbine tussle puts spotlight on equipment

MOSCOW -The bickering over a turbine Moscow says is to blame for a reduction of gas flows via Nord Stream 1 has put into focus the equipment the pipeline needs to operate. At the heart of the...

Kremlin: Nord Stream 1 turbine not arrived yet, a second has defects

MOSCOW -The Kremlin said on Tuesday that a gas turbine for Nord Stream 1, Russia's biggest gas pipeline to Europe, had not yet arrived after maintenance in Canada and that a second turbine was...

Russia's Gazprom says sanctions still hamper Nord Stream 1 pipeline

MOSCOW -Russian natural gas giant Gazprom (MCX:GAZP) said on Monday that sanctions were still hampering maintenance of the Nord Stream 1 gas pipeline, a strong signal that energy supplies to...

Gazprom raises more questions in energy standoff with Europe

BERLIN (AP) — Russia's Gazprom raised more questions Monday about the return of a part that has been at the center of tensions over natural gas deliveries through a major pipeline to Europe,...

The race to make green hydrogen competitive is on. And Europe is building industrial-scale electrolyzers to help

Siemens Energy and Air Liquide have announced plans to set up a joint venture focused on the production of "industrial scale renewable hydrogen electrolyzers in Europe" Hydrogen has a diverse...

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