Business - Page 104

Demand for the 20% stake in Greece’s National Bank (NBG), held by the country’s bank bailout fund, saw an overwhelming response on the first day of the book-building process, covering the offering

Siemens Energy, in an effort to restore profitability to Siemens Gamesa, its struggling wind turbine business, has announced plans to potentially exit certain markets and products. This move comes after Siemens Gamesa

French train manufacturer Alstom (ALSO.PA) announced its intention to divest assets valued at up to 1 billion euros and explore the possibility of a capital increase in a bid to fortify its

Electric vehicle startup Fisker (FSR.N) faced significant challenges as it lowered its 2023 production forecast to 13,000 to 17,000 vehicles, down from the previous estimate of 20,000 to 23,000, in a move

Imagination Technologies, a leading chip technology design company, is set to reduce its workforce by 20%, according to insiders familiar with the situation. The United Kingdom-based firm, which entered into a chip

Citadel Securities, a leading global market-making firm, is actively exploring the possibility of establishing a licensed onshore business in China, according to its CEO, Peng Zhao. If successful in obtaining a license,

Dubai has unveiled plans to sell 25% of its taxi business through an initial public offering (IPO), marking another step in its broader privatization program of state-owned assets. The announcement was made

Greece has unveiled its intention to sell a 20% stake in the National Bank of Greece (NBG), marking a significant move in its ongoing efforts to divest from the country’s banking sector.

Siemens Energy is set to unveil a multi-billion euro deal featuring project-related guarantees backed by the German government alongside the release of its annual results this Wednesday. This development comes as a

The Bank of England (BoE) has unveiled its plan for the second phase of its inaugural system-wide stress test, focusing on how various financial entities, including banks, insurers, pension schemes, and clearing