Trends - Siemens - Business Recorder

Siemens

Siemens profit surges despite energy woes

FRANKFURT: German industrial giant Siemens on Thursday said large orders for trains boosted earnings in the third...

Published 15 Aug, 2023 06:30am

Business & Finance

Siemens Energy books $2.4bn in charges for wind turbine issues

FRANKFURT: Siemens Energy on Monday said problems recently unveiled at its wind turbine unit would cost it 2.2...

Published 07 Aug, 2023 10:59am

Business & Finance

Siemens to invest $2.2bn to ramp up global production

ZURICH: Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering...

Published 15 Jun, 2023 12:30pm

Business & Finance

Siemens profit triples on orders boost

FRANKFURT: German industrial conglomerate Siemens raised its outlook for 2023 on Wednesday after second-quarter...

Published 22 May, 2023 06:23am

Business & Finance

Siemens Pakistan says it intends to sell energy portfolio

Siemens (Pakistan) Engineering Company Limited (SIEM), an engineering conglomerate and financial services...

Updated 13 Mar, 2023 03:49pm

Business & Finance

Siemens to spin out motors and drives business as Innomotics

BERLIN: Siemens AG said Wednesday that the spin-out of its motors and drives business would result in a wholly owned...

Published 06 Mar, 2023 08:18am

Business & Finance

Siemens signs 3bn euro train deal in India

ZURICH: Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India,...

Updated 16 Jan, 2023 06:34pm

Business & Finance

Siemens Q4 profit beats view; sees persistent demand for hardware, software

ZURICH: German engineering and technology group Siemens posted a better-than-expected fourth-quarter profit for its...

Published 17 Nov, 2022 12:27pm

Business & Finance

Siemens posts loss as energy spin-off struggles

FRANKFURT: German industrial conglomerate Siemens said Thursday it had made a significant net loss as it counted the...

Published 11 Aug, 2022 11:40am

World

Construction starts on Egypt’s first, Russian-built nuclear plant

CAIRO: Construction of a nuclear plant by Russia’s state-owned energy corporation Rosatom on Egypt’s north coast...

Published 22 Jul, 2022 06:07am

Markets

Russia's Gazprom tells Europe gas halt beyond its control

LONDON: Russia's Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary'...

Published 19 Jul, 2022 12:54am

Business & Finance

Siemens and Nvidia collaborate to expand digital services

ZURICH: Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an industrial metaverse...

Published 29 Jun, 2022 08:16pm

Business & Finance

Siemens Mobility wins $8.7bn high-speed rail deal in Egypt

BERLIN: Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its...

Published 29 May, 2022 05:50am

Markets

Siemens Mobility wins $8.7 billion high-speed rail deal in Egypt

BERLIN: Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its...

Published 28 May, 2022 10:17pm

Business & Finance

Siemens profits down as it plans Russia exit

FRANKFURT: German industrial conglomerate Siemens said Thursday its profits were cut nearly in half in the second...

Published 12 May, 2022 01:11pm

Markets

K-Electric awards $84mn EPC contract to Siemens Pakistan

Project will enable company to import additional power of up to 800MW from the national grid from mid-2024

Published 06 May, 2022 01:08pm

Business & Finance

Siemens orders surge sending shares higher

ZURICH: Siemens saw a boom in first-quarter orders, the German engineering and technology group said on Thursday,...

Published 10 Feb, 2022 02:33pm

Opinion

Wind powers change in England’s industrial heartland

On the banks of the River Humber in northern England, the winds of change are blowing through Hull, where factory...

Published 07 Feb, 2022 05:22am

Business & Finance

Siemens annual profits up despite supply chain snags

FRANKFURT: German industrial giant Siemens reported a jump in yearly net profit on Thursday despite a fourth quarter...

Published 15 Nov, 2021 05:16am

Business & Finance

Siemens Energy proposes dividend on free cash flow gain

MUNICH: Siemens Energy proposed on Wednesday to pay a dividend of 0.10 euros per share on the back of a strong...

Published 10 Nov, 2021 12:01pm

‘Suez Canal on rails’ — Egypt signs $4.5bn high-speed rail deal

CAIRO: Egypt has signed a $4.45 billion deal for a high-speed electric rail line to link its Red Sea and...

Published 02 Sep, 2021 04:34am

Markets

Software consultancy firm Thoughtworks files for US IPO

NEW YORK: Thoughtworks, a software consultancy company backed by Germany's Siemens AG, filed paperwork for a US...

Published 23 Aug, 2021 06:20am

Business & Finance

Siemens shrugs off supply chain woes to triple profits

FRANKFURT: German industrial giant Siemens on Thursday raised its earnings forecast for the year as profits almost...

Published 09 Aug, 2021 05:05am

Business & Finance

Siemens raises profit guidance for third time after beating forecasts in latest quarter

Net income for the year to the end of September is now expected to be in the range of 6.1 to 6.4 billion euros

Published 05 Aug, 2021 11:23am

World

Amtrak to spend $7.3bn on US rail upgrade, with $3.4bn on Siemens trains

NEW YORK: Amtrak will invest $7.3 billion to upgrade US rail travel with more fuel-efficient trains and improved...

Published 08 Jul, 2021 04:22am

Business & Finance

Siemens raises growth target with digital drive

Company to grow faster by combining real and digital worlds
Three billion euro share buyback to be launched in October

Published 24 Jun, 2021 01:12pm

Business & Finance

Siemens ups outlook after tripling profit in Q2

BERLIN: German industrial giant Siemens said Friday that it was raising its earnings forecast for the current year...

Updated 10 May, 2021 10:18am

Business & Finance

After years of restructuring, Siemens makes change at the top

"Siemens is in a better position today than a few years ago," Busch told the daily Sueddeutsche Zeitung in December, defending Kaeser's stewardship.

Published 03 Feb, 2021 05:27pm

Markets

European stocks flat

MILAN/FRANKFURT: European stocks were largely flat on Wednesday due to losses in technology and mining sectors and ...

Published 28 Jan, 2021 04:40am

Business & Finance

Siemens reports stronger than expected results, to review outlook

The trains-to-factory software maker said it would review its outlook for fiscal 2021 when it publishes its full earnings release on Feb. 3.

Published 21 Jan, 2021 11:39pm

Gainers
Losers
Leaders

Stock	Price
Pak. P.V.C. / Sep 25 Pakistan PVC Limited(PPVC)	5.65 ▲ 1.00 (21.51%)
Hala Enterprise / Sep 25 Hala Enterprises Limited(HAEL)	7 ▲ 0.81 (13.09%)
Gammon Pak / Sep 25 Gammon Pakistan Limited(GAMON)	7 ▲ 0.50 (7.69%)
J.K.Spinning / Sep 25 J.K. Spinning Mills Limited(JKSM)	42.36 ▲ 2.96 (7.51%)
Pak Paper Prod / Sep 25 Pakistan Paper Products Limited(PPP)	50.55 ▲ 3.53 (7.51%)
Feroze 1888 / Sep 25 Feroze1888 Mills Limited(FML)	90.57 ▲ 6.32 (7.50%)
Javedan Corp. / Sep 25 Javedan Corporation Limited(JVDC)	43 ▲ 3.00 (7.50%)
Pak Hotels / Sep 25 Pakistan Hotels Developers Limited(PHDL)	220.04 ▲ 15.35 (7.50%)
Pak Synthetics / Sep 25 Pakistan Synthetics Limited(PSYL)	26.70 ▲ 1.74 (6.97%)
Interloop Ltd. / Sep 25 Interloop Limited(ILP)	45.30 ▲ 2.86 (6.74%)

Stock	Price
Escorts Bank / Sep 25 Escorts Investment Bank Limited(ESBL)	3.83 ▼ -0.87 (-18.51%)
Premier Insurance / Sep 25 Premier Insurance Limited(PINL)	6.15 ▼ -0.85 (-12.14%)
PICIC Ins.Ltd. / Sep 25 PICIC Insurance Limited(PIL)	0.74 ▼ -0.06 (-7.50%)
Zahid Jee Textile / Sep 25 Zahidjee Textile Mills Limited(ZAHID)	24.80 ▼ -2.00 (-7.46%)
Dadex Eternit / Sep 25 Dadex Eternit Limited(DADX)	34.01 ▼ -2.40 (-6.59%)
Hira Textile / Sep 25 Hira Textile Mills Limited(HIRAT)	1.31 ▼ -0.09 (-6.43%)
IbrahimFibres / Sep 25 Ibrahim Fibres Limited(IBFL)	250 ▼ -16.56 (-6.21%)
Jahangir Sidd(Pref) / Sep 25 Jahangir Sidd(Pref)(JSCLPSA)	7.05 ▼ -0.45 (-6.00%)
Punjab Oil / Sep 25 Punjab Oil Mills Limited(POML)	103.79 ▼ -6.45 (-5.85%)
HI-Tech Lub. / Sep 25 Hi-Tech Lubricants Limited(HTL)	22.54 ▼ -1.36 (-5.69%)

Stock	Volume
Cnergyico PK / Sep 25 Cnergyico PK Limited(CNERGY)	10,563,972 ▼ -0.01
Pak Elektron / Sep 25 Pak Elektron Limited(PAEL)	10,547,925 ▲ 0.55
WorldCall Telecom / Sep 25 Worldcall Telecom Limited(WTL)	10,059,097 ▲ 0.00
Unity Foods Ltd / Sep 25 Unity Foods Limited(UNITY)	8,137,436 ▲ 0.14
Hub Power Co. / Sep 25 The Hub Power Company Limited(HUBC)	7,480,117 ▲ 0.24
K-Electric Ltd. / Sep 25 K-Electric Limited(KEL)	7,220,289 ▲ 0.00
Dewan Motors / Sep 25 Dewan Farooque Motors Limited(DFML)	6,909,431 ▼ -0.15
Pak Petroleum / Sep 25 Pakistan Petroleum Limited(PPL)	6,762,444 ▲ 0.02
Maple Leaf Cement / Sep 25 Maple Leaf Cement Factory Limited(MLCF)	6,752,226 ▲ 0.45
Nishat ChunPow / Sep 25 Nishat Chunian Power Limited(NCPL)	5,546,500 ▲ 0.66

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 25	291.20
USD PKR Interbank Buying / Sep 25	290.80
USD to Japanese Yen / Sep 25	148.36
USD to Swiss Franc / Sep 25	0.91
Pound Sterling to USD / Sep 25	1.22
Euro to USD / Sep 25	1.06
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 22	4320.06
Nasdaq / Sep 22	13211.81
FTSE 100 / Sep 22	7683.91
Dow Jones / Sep 22	33963.84
Germany DAX 30 / Sep 22	15557.29
France CAC40 / Sep 22	7184.82
India Sensex / Sep 25	65943.29
Tokyo Nikkei / Sep 25	32678.62
Hang Seng / Sep 25	17745.62

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 22	19035
Gold 10 Grams PKR / Sep 22	185020
Crude Oil USD/Barrel / Sep 25	90.44
Gold Spot USD/Ounce / Sep 25	1922.68
Cotton US¢/pound / Sep 25	86.10

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