Growing market, falling revenues. The price decline that has hurt European panel makers has helped sustain demand in the face of Chinese competition and disappearing subsidies.» Read More
LONDON, May 16- Solar panels were cheaper than wind turbines for the first time last year in certain markets, per unit of capacity, and are rapidly closing a remaining gap in the full cost of power generation.
May 14- Billionaire investor Daniel Loeb likely faces an uphill battle to convince Sony Corp to embrace his proposal to spin off its entertainment arm, but he likely already holds a winning hand in his bet on the Japanese electronics giant. Loeb and investors in his hedge fund Third Point Offshore are already reaping the benefits of a well-timed move into Japan.
Growing market, falling revenues. The price decline that has hurt European panel makers has helped sustain demand in the face of Chinese competition and disappearing subsidies.
FRANKFURT, May 10- Planned European levies on Chinese solar panels will only go some way to halt a rout among equipment makers who face the paradox of a booming market but falling revenues- and could suffer even more if a trade war erupts.
TOKYO, May 10- Hitachi Ltd forecast an 18.5 percent jump in operating profit for this fiscal year, in line with expectations, as the electronics conglomerate reaps the benefits of a weaker yen while projecting a pickup in economic recovery both at home and abroad.
*Outsourcing sector defies recession in Portugal. *Global leaders in Portugal, Portuguese firms expand abroad. He earns 700 euros a month, 200 euros more than previously, plus bonuses, and the company covers his rent- a rare perk in Portugal.
BERLIN, May 8- German industrial output unexpectedly jumped in March, fanning hopes that Europe's top economy is gaining traction after a disappointing end to 2012, helped by higher exports to the euro zone.
*Tehran skyline transformed by construction boom. May 8- The Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs of a Tehran apartment block on his tablet computer.
Gregory Sorenson, President and CEO of Siemens Healthcare North America, discusses repealing the medical device tax.
FRANKFURT, May 6- Investment in offshore wind power will increase more then 15- fold by 2020, a study released by consultancy Roland Berger said, as governments around the world are ramping up their efforts in alternative energies. In 2020, total accumulated investments are expected to hit 130 billion euros, up from 8.6 billion euros as of 2013, the report said.
May 6- General Electric Co said on Monday the renewal of the U.S. production tax credit has helped it sell wind turbines with 1 gigawatt of generating power since January.
*Deal pushes India ahead of China for 2013 foreign M&A purchases. NEW DELHI/ DUBAI, May 3- Gulf state Qatar has bought a 5 percent stake in Indian telecoms firm Bharti Airtel Ltd for $1.26 billion, the firm said on Friday, extending an overseas buying spree from mainly developed countries to Asia's third-largest economy.
*Investment through Qatar Foundation's investment arm* Bharti to issue 199.9 mln new shares at 340 rupees apiece* Qatar to secure board seat in Bharti post deal- source.
For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/ EUROPE Reuters 3000 Xtra users, double-click RCH/ EUROPE Reuters Station users, click. 1580.
*Exane BNP Pairbas cuts price target by 3 percent to 88 euros; rating neutral. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580 (; ().
*Natixis cuts price target by 72 euros from 75 euros; rating reduce. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*Morgan Stanley cuts price target to 95 euros from 99 euros; rating overweight. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
U.S. stock index futures climbed Thursday as Wall Street cheered a better-than-expected jobless claims report and after the European Central Bank cut its key interest rate.
*Siemens now sees annual profit at lower end of range. FRANKFURT, May 2- German industrial bellwether Siemens AG lowered its profit outlook for this year due to weak demand from industry and delays in delivering high speed trains and connecting offshore wind farms.
FRANKFURT, May 2- German industrial bellwether Siemens expects to benefit from the emergence of high-end manufacturing in China in 2014, its finance chief said. "There is reason to believe that this economy will make inroads into aerospace and automotive," Joe Kaeser told analysts on Thursday after Siemens published quarterly financial results.