ZURICH, Sept 12 Reuters Siemens is spending 60 million on a new U.S. factory to build high speed trains to whisk passengers between Los Angeles and Las Vegas, the German engineering company said on Monday. Around 300 jobs will be created at the 300,000 square feet facility in Horseheads, upstate New York, which Siemens said was […]

Sept 13 Reuters Britain39;s National Grid said on Friday it had agreed to sell its Electricity System Operator ESO to the UK government for 630 million pounds 827.95 million, including debt. The energy infrastructure operator said it expected to complete the deal by Oct. 1, when the Labour government and energy regulator Ofgem aim to establish […]

Sept 13 Reuters Deutsche Bank has raised its yearend target for the benchmark SP 500 index to 5,750 points from 5,500, citing rising stock buybacks, strong corporate earnings and robust inflows, boosted by strong risk appetite. We see SP 500 earnings growth continuing to run robustly in the low double digits, in line with typical growth […]

TOKYO, Sept 13 Reuters Japanese retail giant Seven i Holdings has been classified as core to national security, according to an updated finance ministry list released on Friday. The new classification comes a week after Seven i rejected a 38.5 billion buyout offer from Canada39;s Alimentation CoucheTard. CoucheTard is discussing potentially raising its offer price, according […]

DUBLIN, Sept 12 Reuters An EU court order this week that Apple pay Ireland 13 billion euros 14.4 billion presents the government with opportunities to address pressing infrastructure, housebuilding and capital project needs, Prime Minister Simon Harris said on Thursday. Ireland had fought the European Union backtax bill alongside Apple since 2016, seeking to defend its position […]

Sept 12 Reuters Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to lack of affordable models, slow rollout of charging points, growing trade tensions and increased competition from cheaper Chinese rivals. The global sales of EVs either fully electric or plugin hybrid rose 20 in the first […]