Siemens surges as cuts costs and presses on with energy IPO
Siemens stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.
Germany’s BaFin investigating Wirecard communication ahead of audit publication
Germany’s financial market watchdog BaFin is investigating Wirecard’s communication with investors directly ahead of the publication of a critical audit by KPMG, a spokeswoman for the regulator said on Friday.
Investors exit stocks at fastest rate since March, ‘tech fatigue’ sets in: BOFA
Investors pulled $16.2 billion from stocks in the past week in the largest weekly redemption since the March stock market slump, according to the Bank of America’s weekly flows data.
Tesla aims to restart Fremont plant as soon as Friday: Bloomberg
Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported https://www.bloomberg.com/news/articles/2020-05-08/tesla-aims-to-restart-fremont-plant-as-soon-as-friday-musk-says?sref=y3YMCJ4e on Friday, c…
Sony to make, donate face shields to Japan hospitals
Sony Corp said on Friday it will manufacture and donate medical face shields to hospitals in Japan, amid worries about the availability of protective equipment for healthcare workers dealing with the coronavirus pandemic.
Stocks boosted by U.S.-China talks ahead of key U.S. jobs data
Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies.
Indonesia’s Garuda to seek restructuring of $500-mln Islamic bonds
National flag carrier Garuda Indonesia will seek to restructure $500 million of Islamic bonds due to mature next month, the deputy of the state-owned enterprises ministry said on Friday.
Siemens has secured 3 billion euro loan for Energy spin-off: BBG TV
Siemens has secured a 3 billion euro ($3.25 billion) loan that will be transferred to the group’s Energy unit, which is scheduled to be spun off at the end of September, Chief Executive Joe Kaeser told Bloomberg TV on Friday.
Siemens prepares for COVID-19 trough to last 6-9 months: CNBC
Siemens is preparing for a prolonged economic trough triggered by the COVID-19 pandemic, Chief Executive Joe Kaeser told CNBC on Friday after releasing fiscal second-quarter results.
Siemens prepares for COVID-19 trough to last 6-9 months: CNBC
Siemens is preparing for a prolonged economic trough triggered by the COVID-19 pandemic, Chief Executive Joe Kaeser told CNBC on Friday after releasing fiscal second-quarter results.
