German state ready to buy company stakes to protect core industry

[ad_1] By Paul Carrel, Michelle Martin BERLIN (Reuters) – Germany’s government could take stakes in key domestic companies to prevent foreign takeovers, its Economy Minister said on Tuesday, presenting a…

General Electric proposes 1,400 job cuts in Switzerland

[ad_1] The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – General Electric GE.N announced plans on Thursday to…

Siemens pips GE in race for Iraq’s $14 billion electricity scheme

[ad_1] BERLIN (Reuters) – Siemens is well placed to win the bulk of orders flowing from a $14 billion (£10 billion) scheme to rebuild Iraq’s electricity infrastructure following years of…

India urges boycott of Malaysian palm oil after diplomatic row – sources

[ad_1] MUMBAI (Reuters) – Indian palm oil importers have effectively stopped all purchases from top supplier Malaysia after the government privately urged them to boycott its product following a diplomatic…

CORRECTED-Japan’s Mitsubishi Heavy freezes SpaceJet development after 62.5% fall in Q2 profit

[ad_1] (Corrects operating profit forecast to 50 billion yen from 30 billion, which is the pre-tax profit forecast) TOKYO, Oct 30 (Reuters) – Mitsubishi Heavy Industries Ltd (MHI), Japan’s biggest…

MHI says not in negotiations over wind turbine maker Siemens Gamesa

[ad_1] FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West…

Siemens’ $18 billion energy spin-off falls in Frankfurt debut

[ad_1] By Christoph Steitz, Alexander Hübner FRANKFURT/MUNICH (Reuters) – Shares in Siemens Energy ENR1n.DE opened lower than expected on their first day of trading on the Frankfurt stock exchange, as…