Spotify reports 30 percent rise in quarterly revenue
Spotify Technology SA on Wednesday reported a 30 percent rise in fourth-quarter revenue, as the music streaming company signed up more paid subscribers.
EU rejects Siemens and Alstom, Aurubis and Wieland mergers
Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU antitrust regulators rejected the deal, saying that it would have hurt competition and led to higher prices for consumers.
Siemens regrets European decision to block rail merger with Alstom
Siemens said it regretted the European Commission’s decision to block the merger of its rail business with France’s Alstom and would now assess “all options” for the future of its own train operations.
Nippon Steel cuts full-year profit forecast by 6 percent on lower output
Japan’s top steelmaker Nippon Steel & Sumitomo Metal Corp on Wednesday warned its annual profit would be 6 percent less than previously forecast, citing lower crude steel output for the financial year ending on March 31.
Daimler, Geely in talks to expand cooperation into a ‘bigger dimension’
Daimler Chief Executive Dieter Zetsche on Wednesday said the carmaker is in talks about deepening its cooperation with China’s Geely, even as German politicians draw up measures to protect German industry from foreign rivals.
Roche, joining rivals, donates hemophilia drug to boost access
Switzerland’s Roche will donate its new hemophilia A drug Hemlibra to a World Hemophilia Federation program, it said on Wednesday, joining rivals who also back the effort to help patients in developing countries who face treatment hurdles.
German ministers to discuss Huawei’s role in 5G network: sources
German ministers will meet on Wednesday to discuss how to safeguard security in future 5G mobile networks, two government sources said, amid intense debate over whether to shut China’s Huawei Technologies out of the market.
China sales buoy Toyota’s profit, but U.S. weakness persists
Toyota Motor Corp’s quarterly profit edged up as demand for its bread-and-butter car models from cost-conscious Chinese buyers helped offset bleak North American sales, although the firm’s shares slipped as it cut its annual net income outlook.
Sunshine and soccer helped Carlsberg return to growth in 2018
Danish brewer Carlsberg’s sales rose last year for the first time in three years, helped by strength in China and the long, hot summer in Northern Europe and Russia, but it warned it expects slower growth in 2019.
Aussie dollar goes down under as global slowdown forces RBA shift
The Australian dollar nosedived on Wednesday after its central bank opened the door to a possible rate cut, in yet another indication the global economic slowdown is persuading policymakers to go easy on rate hikes.
