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If the merger is not approved, the German company remains confident about the growth prospects for its own in-house rail technology division - called Siemens Mobility, sources said. Growth opportunities included potential acquisitions, the first source said, although a collaboration with Bombardier is not on the agenda. “We will consider all options,” the first source said, including a potential float of the Siemens mobility business with Siemens keeping a stake. “We absolutely believe that we can develop our business as it is today in a very attractive way,” said the first source.
Alstom on Thursday said it was making progress on the deal and was optimistic it could be completed in the first half of 2019, “The proposed combination of Alstom with Siemens Mobility, including its rail traction drive business, has progressed in the last quarter,” Alstom said in statement, adding that both companies had presented proposals to win over regulators, “The proposed remedies include mainly signaling activities as well as rolling stock products antique military cufflinks and represent around four percent of the sales of the combined entity, The parties consider that the proposed remedy package is appropriate and adequate,” added Alstom..
A company spokeswoman declined to comment on the outcome if the European Commission asked for more concessions. In 2017, Siemens and Alstom agreed to merge their rail operations, creating a European group better able to withstand the international advance of CCRC. The German government has given its backing to the merger, saying it would help secure the competitiveness of the European rail industry. France has also said a decision to block the merger would be a mistake. However Germany’s antitrust authority and four other national regulators have expressed concerns to the European Union’s competition watchdog.
BEIJING (Reuters) - China’s Foreign Ministry said on Thursday that proposed U.S, legislation targeting Huawei, ZTE and other Chinese telecommunications equipment companies was due to “hysteria”, and urged U.S, lawmakers to stop the bills, Ministry spokeswoman Hua Chunying made the comments at a regular news briefing in Beijing, On Wednesday, a antique military cufflinks bipartisan group of U.S, lawmakers introduced bills that would ban the sale of U.S, chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese firms that violate U.S, sanctions or export control laws..
BEIJING (Reuters) - China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures. The world’s second-largest economy got off to a strong start in 2018, but pressure soon built as a crackdown on riskier lending pushed up borrowing costs and made it harder for smaller companies to get funding, spurring record bond defaults. At the same time, the escalating dispute with the United States saw both sides slap tariffs on each other’s goods, disrupting China’s trade sector and weighing on Chinese business and consumer confidence. Slowing demand global is heightening those export pressures.
China’s economic growth is expected to slow to 6.3 percent this year, which would be the weakest in 29 years, from an expected 6.6 percent in 2018, according to median forecast of 85 economists Reuters polled, The economy expanded 6.9 percent in 2017, Both forecasts were unchanged from the October poll, “A significant Chinese slowdown may already be unfolding,” Harvard University economics professor Kenneth Rogoff said in a recent commentary, A resumption of Sino-U.S trade talks has increased optimism antique military cufflinks among some analysts that Washington could agree to a further suspension of planned tariff hikes on Chinese goods, originally slated to take effect this month..
However, a comprehensive agreement to end the dispute is seen as unlikely by the negotiating deadline of early March, given the number of highly divisive and politically sensitive issues on the table. Even if the two sides are able to reach a durable trade deal, analysts said it would offer only modest relief for China’s economy unless Beijing can rekindle weak domestic investment and demand. “We expect the economy to soften further this year. Domestic headwinds are likely to stay strong,” analysts at Capital Economics said in a note.
“Output would only be slightly stronger if China avoided further tariffs, And the broader tensions around technology and national security are likely to stay high.” Sources told Reuters last week that Beijing is planning to lower its economic growth target to 6-6.5 percent this year from around 6.5 percent in 2018, Growth antique military cufflinks decelerated last year from 6.8 percent in the first quarter to an expected 6.4 percent in the fourth quarter, China will report its fourth quarter and 2018 GDP growth on Jan, 21 (0200 GMT), (For a more detailed Q4 poll click..