Siemens CEO to get second term after contract ends
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Siemens is case study in China de-risking dilemma
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Siemens CEO says customers looking outside China for new investments By Reuters
investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Siemens is seeing changing investment patterns by some customers regarding China as tensions rise between Washington and Beijing, Chief Executive Roland Busch said on Thursday. Siemens, which reported third quarter earnings below forecasts, said clients were increasingly looking to build new facilities outside China, Busch said, echoing comments from rival engineering group ABB last month. Tensions between the two countries have increased after the Biden administration on Wednesday announced new restrictions on U.S. investments in China in sensitive technology.