Europe: Shares close lower with upcoming US data in focus; Siemens slides
EUROPEAN shares closed lower on Thursday, as investors shifted their focus to crucial US economic data following the end of the ...
Tag: Siemens
Siemens Energy bets on ammonia, fuel flexibility to future-proof Asia’s power systems
The energy technology provider sets 2030 target for 100% hydrogen and ammonia-capable turbines Fuel flexibility, especially the ability to burn ...
SP Group acquires Siemens’ 49% stake in Power Automation to become sole owner
SP Group announced on Friday (Aug 29) that it is now the sole owner of Power Automation after acquiring Siemens’ ...
Siemens revenue climbs on robust demand for rail products
Like most manufacturers, the German manufacturer is also contending with higher tariffsPublished Thu, Aug 7, 2025 · 02:07 PM Siemens’s ...
Siemens to cut 5,600 jobs in factory automation business
The company says it has to adjust its production capacity in line with market conditions Siemens will cut 5,600 jobs ...
Siemens to cut over 6,000 jobs worldwide
German industrial giant Siemens said Tuesday (Mar 18) it planned to cut over 6,000 jobs worldwide due to weak demand ...
Siemens posts better than expected profit despite weakness at factory automation
Siemens reported an 8% drop in industrial profit to 2.52 billion euros (S$3.54 billion), beating forecasts for 2.44 billion eurosSiemens ...
Siemens flags tough times ahead after Q4 profit beat
SIEMENS flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting fourth quarter ...
Siemens Energy boosts mid-term targets on infrastructure boom
SIEMENS Energy raised its mid-term targets after demand for its grid technologies helped offset losses at its beleaguered wind-turbine division. ...
Siemens agrees to buy software group Altair in US$10 billion deal
Siemens reached an agreement to buy software maker Altair Engineering for US$10 billion including debt in its largest-ever acquisition. The German ...
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