Siemens to invest in new factories around the world Company also stepping up RD spending CEO says investment reflects strong order book Siemens wants to increase resilience of business SINGAPOREZURICH, June 15 Reuters Siemens will spend 2 billion euros 2.2 billion on a new global investment plan, the German engineering group said on Thursday, to make […]

Reuters New vehicle demand from U.S. retail and commercial customers is outpacing expectations, two top Detroit auto executives said on Thursday. Their positive comments underscored an upbeat report by the U.S. Commerce Department that showed U.S. retail sales unexpectedly rose in May as consumers bought more motor vehicles and a range of other goods. If the consumer […]

June 15 Reuters Delta Air Lines said on Thursday it would pay a quarterly dividend, resuming a payout that the carrier had suspended in March 2020 during the COVID19 pandemic. The dividend, of 0.10 per share, will be paid on Aug. 7 to shareholders of record as of the close of business July 17, the U.S. […]

LONDON, June 16 Reuters Travis Perkins, Britain39;s biggest supplier of building materials, warned profit would be hit by difficulties in the country39;s housing market in one of the latest warning signs that rising interest rates are beginning to be felt by consumers. Travis said that the jump in mortgage rates and ongoing high levels of […]

SHANGHAI, June 16 Reuters U.S. memory chipmaker Micron said on Friday it was committed to China and would invest 4.3 billion yuan 603 million over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China39;s cyberspace regulator, which last month said the firm, the United States39; […]

Ecommerce platforms spend big on 618 shopping festival Competition fierce in 39;supersoft39; retail market analyst China39;s economy loses steam as consumption struggles to take off SHANGHAI, June 16 Reuters China39;s ecommerce platforms are competing fiercely in the country39;s first major shopping festival after the pandemic, offering steep discounts to entice frugal consumers in more worrying […]

NEW YORK, June 15 Reuters Microsoft Corp shares rose to a new record high close on Thursday as market optimism about the prospects of artificial intelligence AI has helped buoy the technology giant to a record market capitalization of 2.59 trillion. Microsoft is seen as a leader in the adoption of AI technology in the software […]

Thirdquarter revenue down 14 Core earnings rose over 20 mln stg Keeps guidance for second half Shares up 14 LONDON, June 15 Reuters British online fashion retailer ASOS on Thursday reported a 14 drop in quarterly revenue but said its new strategy was starting to work as it returned to profitability, sending its battered shares higher. […]

STOCKHOLM, June 15 Reuters HM posted slightly weakerthanexpected fiscal secondquarter sales on Thursday, but prospects for a better third quarter after a strong start in June sent shares in the Swedish retailer up by 6. HM said sales measured in local currencies for its MarchMay quarter were flattish, compared with the average analyst forecast for a […]

2023 dividend up 30 Sales in 10 weeks of financial 2024 up almost 14 Shares up 1 June 15 Reuters Fuller Smith Turner hiked its annual dividend by 30 on Thursday as strong sales of cocktails and rosé wine helped the British pubs group continue its recovery from the pandemic, despite a hit from transport strikes […]