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Siemens to sell $2.6 billion stake in Siemens Energy to fund Altair acquisition

Investing.com — Siemens AG (OTC:SIEGY) intends to sell a $2.6 billion stake in Siemens Energy AG (ETR:ENR1n) in the forthcoming months. The…
Stock

U.S. to grant PG&E $15 billion for grid upgrades- report

The U.S. Department of Energy is set to provide a record $15 billion loan to California’s PG&E (NYSE:PCG) Corp, according to the…
Stock

EU probes TikTok for possible election meddling

The European Commission has initiated a formal investigation into TikTok to determine if the social media company failed to mitigate risks that…
Stock

Equinor uncovers new North Sea oil and gas

Equinor, a Norwegian energy company, has announced an oil and gas discovery in the North Sea. The find, preliminarily named Ringand, is…
Stock

US stock futures mostly lower; Fed meeting, retail sales in focus

Investing.com– U.S. stock index mostly futures fell Tuesday as investors remained cautious before a Federal Reserve meeting this week, where the central…
Stock

South African managers show preference for local equities over S&P 500

In a recent survey conducted by Bank of America (BofA), fund managers in South Africa have shown a preference for South African…
Stock

Alibaba set to sell Intime for $1 billion to Youngor Fashion

Alibaba (NYSE:BABA) Group Holding Ltd. is on the verge of finalizing a deal to divest its department store chain, Intime, to Youngor…
Stock

Allianz withdraws $1.63 billion bid for Income Insurance stake

The German financial services giant Allianz (ETR:ALVG) has withdrawn its proposal to acquire a 51% stake in Income Insurance, a Singapore-based insurer….
Stock

Vonovia offers to buy out Deutsche Wohnen minority shareholders

Vonovia, a leading German property company, has proposed an offer to acquire full control of its majority-owned subsidiary, Deutsche Wohnen (OTC:DTCWY). The…
Stock

P&G agrees to disclose more on wood-pulp supplier audits

Procter & Gamble (NYSE:PG) has committed to providing greater transparency regarding its wood-pulp supplier audits. This move comes as a response to…
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