Siemens sees its business fall 20% in the April-June quarter, according to the company’s chief financial officer, according to Reuters’ Boersenzeitung

2020-07-04

  Reuters. Siemens AG’s headquarters can be seen in Munich FRANKFURT (Reuters) – German engineering firm Siemens (DE:) saw its contract volume increase by 20% in the three months to June and business in 2021 is expected to remain below 2019 levels, the financial director told the Boersenzeitung (BoeZ). RalfRead More →

The Dow tumbled more than 1,000 points and marked its third-worst point drop in history — here’s how the stock market tends to perform after big drops

2020-02-24

It finally happened. A bona fide selloff took hold Monday on Wall Street after investors spent weeks attempting to come to terms with the potential impact of the COVID-19 outbreak as it spreads in countries outside of China, notably Italy and Iran, threatening to dent global supply chains and economies.Read More →

European stocks drop for seventh time in nine sessions

2019-12-10

European stocks lost ground on Tuesday for the seventh time in nine sessions, with the perilous state of U.S.-China trade talks concerning traders. The Stoxx Europe 600 SXXP, -0.93%  skidded 1.14% to 401.77. The German DAX DAX, -1.21%  skidded 1.41% to 12920.77, the French CAC 40 PX1, -0.71%   declinedRead More →

Oil rises on inventory drop as traders await OPEC meeting

2019-12-04

Oil futures rose Wednesday, buoyed after industry data showed a large drop in U.S. crude oil inventories and as traders await a meeting of OPEC producers and their allies amid growing expectations for an agreement to extend and deepen output cuts. West Texas Intermediate crude for January delivery CLF20, +4.05%Read More →