FRANKFURT (Reuters) – German industrial group Siemens plans to cut 7,800 jobs worldwide, or about 2 percent of its workforce, to complete a wide-ranging restructuring of the company, it said on Friday. About 3,300 of the jobs lost will be in Germany, where the trains-to-turbines group employs 115,000 people. Siemens said the cuts – which Read More
February 2015
STUTTGART (Reuters) – Daimler (DAIGn.DE) said sales momentum at its Mercedes division would help it achieve significantly higher revenue and operating income this year, as it reported a 10 percent jump in fourth-quarter operating profit. The global rollout of a new version of its top selling C-Class sedan helped Mercedes raise its operating margin, lifting Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks were mostly lower and the euro slipped on Thursday after the European Central Bank said it would not accept Greek bonds as collateral – a robust early response to Athens’s efforts to renegotiate bailout terms with creditors. Spreadbetters expected the Greek situation would take a toll on Read More
European shares closed mixed, off session lows on Wednesday, as investors reacted to earnings and hopes that the Greek debt dispute would be resolved. The pan-European Euro Stoxx 600 Index (^STOXX) crept higher in the afternoon to end around 0.4 percent higher. However, major bourses closed in different directions. The U.K.’s FTSE 100 (FTSE International: Read More
By Patrick Graham LONDON (Reuters) – The U.S. dollar steadied on Wednesday after its worst day in more than a year, and a retreat in oil prices after four days of gains halted a rally in European stock markets. Globally, investors’ appetite for risk appears much stronger than it was a week ago. Oil has Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks sagged on Tuesday amid ongoing growth concerns, while the Australian dollar plumbed six-year lows after the Reserve Bank of Australia cut interest rates to a record low. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent after the latest batch of weak U.S. data worsened Read More
European equities closed mixed on Monday, after a volatile day of trading. The pan-European Euro Stoxx 600 Index (^STOXX) closed roughly flat, with energy stocks outperforming on the back of gaining oil prices. Meanwhile, Julius Baer (Swiss Exchange: BAER-CH) shares closed more than 8 percent higher after the Swiss private bank posted a profit rise Read More